| The KUIK Morning Market Report for Friday, December 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (59) | points | 17,538 | 6:55 AM | ||
| S&P500 | Down | -0.4% | percent | 2,028 | (7.40) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,695 | (13.48) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.78 | Annual Yield | ||
| U.S. producer prices fell a seasonally adjusted 0.2% in November, the second decline in the past three months, according to the Labor Department and mostly due to the global drop in oil prices. Economists expected a 0.1%. Energy prices fell more than 3% for the second month in a row. Excluding the volatile categories of trade margins, food, and energy, core wholesale prices were flat. The price of services climbed 0.1% in November, a smaller gain than the 0.5% rise in October. The wholesale cost of goods fell by 0.7% to mark the biggest drop since April 2013. Over the past year, overall producer prices have risen an unadjusted 1.4%, the smallest advance since February. | |||||||
| The Stoxx Europe 600 index fell 1.5% to 334.38, down 4.7% on the week, its worst since March 2012, according to FactSet. The Russian ruble dropped to new all-time lows against the U.S. dollar, under pressure after Russia’s central bank yesterday offered a bleak forecast for economic growth. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/november-producer-prices-down-02-2014-12-12 | |||||||
| http://www.marketwatch.com/story/european-stocks-russian-ruble-sell-off-as-oil-prices-remain-under-pressure-2014-12-12 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||