| The KUIK Morning Market Report for Monday, May 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (35) | points | 16,680 | 7:23 AM | ||
| S&P500 | Down | -0.1% | percent | 1,895 | 14.91 | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,128 | 61.72 | ||
| 30 Year Treasury | Down | (6) | Basis Points | 3.39 | Annual Yield | ||
| The Labor Department reports wholesale prices rose a seasonally adjusted 0.6% in April, for the second month of big gain. Excluding the volatile categories of food, energy and trade, core wholesale prices rose 0.3% last month. Economists expected 0.2% increase in the producer Price Index after a revised 0.5% gain in March. The price of goods jumped 0.6% in April as the wholesale cost of food and gasoline rose. The price of services also increased 0.6%. Personal consumption, a new index designed to predict changes in the consumer price index, surged 0.7% in April. Over the past year overall producer prices have risen an unadjusted 2.1%, up from 1.4% in March and just 0.9% in February. | |||||||
| The Stoxx Europe 600 index fell 0.2% at 341.28. It ended yesterday with its strongest closing level since January 2008, at 341.89. The European Central Bank’s chief economist said the low-inflation environment in the euro zone has policy makers considering measures to address the issue. Measures may include issuing a negative deposit rate on bank deposits. Such a move could prompt banks to make loans instead of depositing any surplus of money overnight at the ECB. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-producer-prices-jump-06-in-april-2014-05-14 | |||||||
| http://www.marketwatch.com/story/european-stocks-step-back-from-multiyear-highs-2014-05-14?link=MW_Nav_NV | |||||||
| For today’s Morning Market Report click to listen-> | |||||||