| The KUIK Morning Market Report for Monday, April 8: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (44) | points | 14,522 | 7:01 AM | ||
| S&P500 | Down | -0.17% | percent | 1,551 | (2.71) | points | |
| Nasdaq Composite | Down | -0.07% | percent | 3,201 | (2.37) | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 2.88 | Annual Yield | ||
| The European Commission warned Portugal that failure to implement its austerity program would result in the curtailment of future aid. The move came after Portugal’s high court struck down some of the austerity measures enacted as part of the nation’s bailout. | |||||||
| Bloomberg reports hedge funds reduced bets on a commodity rally by the most since 2008 as rising supplies of everything from copper to sugar and slowing U.S. growth drove prices to the biggest slump in six months. Speculators cut net-long positions across 18 U.S. futures and options by 31 percent to 468,780 contracts in the week ended April 2, the most since October 2008, according to the Commodity Futures Trading Commission. Investors are betting on a decline in silver for the first time and have record bearish positions in copper and sugar. Corn wagers dropped the most since June 2010, leading the biggest ever decline in agricultural holdings. | |||||||
| Surging home prices could help shrink the Federal Housing Administration’s projected shortfall in President Barack Obama’s budget due on Wednesday. Democratic and Republican lawmakers have been pushing for changes at the FHA since a November actuarial report said its reserve fund for bad loans could require a taxpayer subsidy of as much as $16.3 billion. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/europe-warns-portugal-over-austerity-measures-2013-04-07 | |||||||
| http://www.bloomberg.com/news/2013-04-08/hedge-funds-cut-bets-most-since-08-as-prices-slump-commodities.html | |||||||
| http://www.bloomberg.com/news/2013-04-08/rising-u-s-home-prices-may-shrink-fha-shortfall-in-obama-budget.html | |||||||
| For today’s Morning Market Report click to listen-> | |||||||