| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Monday, July, 9. | |||||||
| Markets are down this morning. | |||||||
| Index | Direction | Change | Units | Last | 8:12 AM | ||
| Dow | Down | (53) | points | 12,720 | |||
| S&P500 | Down | -0.35% | percent | 1,350 | |||
| Nasdaq Composite | Down | -0.32% | percent | 2,928 | |||
| 30 Year Treasury | Down | (1.9) | basis points | 2.65 | |||
| The yield on Spain’s 10-year government bond pushed above the key 7% level to 7.04%, continuing a march higher that began last week. Government borrowing costs above 7% are considered unsustainable and indicate a risk of default. | |||||||
| The Norwegian oil and gas company Statoil said it is preparing to shut down its production on the Norwegian continental shelf at midnight after negotiations to end a strike over pensions broke down Sunday. The lockout will prevent all 6,500 oil employees in 50 companies from going to work. The area produces 3.8 million barrels of oil a day and total oil and gas production is $300 million dollars per day. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oil-futures-boosted-by-possible-norway-shutdown-2012-07-09 | |||||||
| http://www.marketwatch.com/story/statoil-prepares-to-shut-output-strike-continues-2012-07-09 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||