Morning Market Report 7/16/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, July 16:

Markets are down slightly.

Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(17)	points	15,467	7:07 AM
S&P500	Down	-0.05%	percent	1,682		(0.76)
Nasdaq Composite	Down	-0.07%	percent	3,596		(2.00)
30 Year Treasury	Down	(2)	Basis Points	3.59	Annual Yield

The Labor Department reports the consumer price index rose by a seasonally adjusted 0.5% in June. That matched economists expectations. That was the biggest increase in consumer prices in four months, but signs of inflation are still hard to find in the U.S. economy. The cost of energy rose 3.4% in June. Gas prices barely rose at the pump but had a 6.3% spike on a seasonally adjusted basis.

The Federal Reserve says industrial production rose 0.3% in June, led by a 2.2% gain in home electronics output and a 1.4% gain in automotive products, as well as a 0.8% gain in mining. The production was stronger than the 0.1% expected by economists.

Signs of inflation in Europe. European annual inflation rose to 1.6% in June, up from 1.4% in May, and in line with Factset expectations, according to Eurostat. The rise was largely due to rising food and electricity prices. The lowest annual rates were observed in Greece with a negative 0.3% reading and Latvia and Poland at 0.2%. The highest were in Romania at 4.5%, Estonia at 4.1% and the Netherlands at 3.2%. Compared with May, annual inflation rose in eighteen member states, remained stable in two and fell in six.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/us-consumer-prices-jump-in-june-2013-07-16
http://www.marketwatch.com/story/industrial-production-climbs-03-in-june-2013-07-16
http://www.marketwatch.com/story/euro-zone-inflation-edges-up-to-16-in-june-2013-07-16


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