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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (560)	1/23/2014 10:25:21 AM
From: Kirk ©	Respond to of 26443

PMI Manufacturing Index Flash PMI falls for the first time since last October… Key points: Manufacturing PMI falls for the first time since last October… ...reflecting slower output and new order growth Extreme weather leads to sharpest lengthening of suppliers’ delivery times since August 2008 Data collected 13 – 22 January 2014. At 53.7 in January, down from 55.0 in December, the Markit Flash U.S. Manufacturing Purchasing Managers’ Index™ (PMI™)1, which is based on approximately 85% of usual monthly replies, signalled the slowest improvement in overall business conditions for three months. That said, the index was above the neutral 50.0 mark and slightly higher than its average for 2013 (53.5). Therefore, the latest survey results still indicate solid underlying growth across the U.S. manufacturing sector. markiteconomics.com Consumer Confidence in U.S. Held Last Week at One-Month Low Consumer confidence was little changed last week at a one-month low as Americans confronted having to pay holiday bills. The Bloomberg Consumer Comfort Index held at minus 31 for the period ended Jan. 19. A drop in the buying-climate gauge that sent it to a two-month low was offset by rebounding attitudes on the current state of the economy. An improving job market has yet to trigger the bigger gains in wages that will help sustain consumer spending after what may prove to have been its strongest quarter in three years. Stocks hovering close to record highs and rising home values are also helping buoy those at the upper end of the income scale. Another report today showed applications for unemployment benefits held near a six-week low, showing firings remain muted following the holidays. Jobless claims rose by 1,000 to 326,000 in the period ended Jan. 18, according to Labor Department data. The prior week’s 325,000 were the fewest since late November.