| The KUIK Market Update for Friday, December 14: | |||||||
| Markets are mixed this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 10 | points | 13,181 | 7:58 AM | ||
| S&P500 | Down | -0.15% | percent | 1,417 | (2.12) | points | |
| Nasdaq Composite | Down | -0.35% | percent | 2,982 | (10.56) | points | |
| 30 Year Treasury | Down | (4) | Basis Points | 2.87 | Annual Yield | ||
| Business conditions for Chinese manufacturers improved further in December, pushing an initial reading of HSBC’s Purchasing Managers’ Index to a 14-month high. HSBC’s flash manufacturing PMI for December came in at 50.9, compared to a final 50.5 for November and 49.5 for October. | |||||||
| After that Purchasing Managers Index was released, Chinese shares jumped to lead Asian markets as the data boosted confidence about a recovery in the world’s second largest economy. The Shanghai Composite Index gained 4.3%. | |||||||
| Back in the US, Bloomberg reports Brian Moynihan, Bank of America’s chief executive officer, said the U.S. government, lenders and borrowers need to reset their expectation that everyone can own a home. “We need to look hard at some of the old assumptions and ask the question is homeownership the right solution for everyone?” Moynihan said today in remarks prepared for delivery at the Brookings Institute in Washington. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-manufacturing-data-show-further-improvement-2012-12-13 | |||||||
| http://www.marketwatch.com/story/asia-stocks-trade-mostly-lower-at-weeks-end-2012-12-13 | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
| Shortlink-> | |||||||