Market Update Report 8/19/2013 | Beacon Rock Wealth Advisors

The KUIK Market Update for Monday, August 19:

Markets are up slightly.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	7	points	15,088	8:02 AM
S&P500	Up	0.01%	percent	1,656		0.13
Nasdaq Composite	Up	0.49%	percent	3,620		17.70
30 Year Treasury	Up	1	Basis Points	3.87	Annual Yield

Japan’s trade deficit widened significantly in July, according to Japan’s Finance Ministry. Exports rose 12.2% from a year earlier, undershooting expectations for a 13.1% gain, according to a Reuters poll, and a 14.7% projected increase, according to Dow Jones. Imports jumped 19.6%, above the forecast gain of 15.4% from Reuters. The large increase came as petroleum imports, which total more than 1 trillion yen ($10.2 billion), rose 2.4%.

President Obama is scheduled to meet with financial regulators today to review the “progress that has been made in strengthening the financial system, including the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.” Critics say implementation of the law, now in its third year, is moving too slowly, with only 40% of the Dodd-Frank rules said to be in place.

Comments from Fed officials at their summer retreat in Jackson Hole and the minutes of the central banks July policy meeting will get most of the market’s attention this week. Fed Chairman Ben Bernanke has decided to skip the retreat this year, so there will be no celebration of his legacy as there was for former Fed Chair Alan Greenspan in 2005.



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

http://www.marketwatch.com/story/facebook-intel-lead-tech-stocks-higher-2013-08-19?dist=markets
http://www.marketwatch.com/story/obama-to-meet-regulators-over-wall-street-reforms-2013-08-19
http://www.marketwatch.com/story/jackson-hole-fed-minutes-dominate-week-2013-08-18


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