| The KUIK Morning Market Report for Wednesday, August 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 14 | points | 14,789 | 7:04 AM | ||
| S&P500 | Up | 0.06% | percent | 1,631 | 1.01 | ||
| Nasdaq Composite | Up | 0.23% | percent | 3,587 | 8.14 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.74 | Annual Yield | ||
| German leader Angela Merkel blamed her predecessor Gerhard Schroeder for letting Greece adopt the euro, saying the country’s entry into the single-currency bloc is at the root of the euro zone’s current problems. Merkel made her remark said at a political rally in Rendsburg on Tuesday, according to the Daily Telegraph. Merkel, who is up for re-election on September 22, also stressed the need for reforms in troubled economies to maintain the health of the union. | |||||||
| The British pound jumped to an intraday high Wednesday as Bank of England Governor Mark Carney delivered his first public speech after joining the bank July 1. Carney said the U.K. central bank is ready to increase stimulus if rising interest rates worldwide threaten Britain’s economic recovery. | |||||||
| Syria is the central focus for oil markets, with futures rising to the highest level in more than two years and as investment bank Societe General in a research note says Brent crude could surge as high as $150 a barrelon the crisis. October crude is up 1.3%, to $110.40 a barrel in electronic trading after surging almost 3% Tuesday on the New York Mer. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/merkel-greece-should-not-have-been-let-into-euro-2013-08-28 | |||||||
| http://www.marketwatch.com/story/british-pound-hits-intraday-high-on-carney-speech-2013-08-28?dist=markets | |||||||
| http://www.marketwatch.com/story/oil-punches-past-110-as-syria-strike-fears-rise-2013-08-27?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||