| The KUIK Morning Market Report for Tuesday, July 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 108 | points | 16,935 | 7:07 AM | ||
| S&P500 | Up | 0.5% | percent | 1,969 | 9.07 | ||
| Nasdaq Composite | Up | 0.8% | percent | 4,445 | 36.76 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.38 | Annual Yield | ||
| Corelogic reports U.S. home prices in May rose 1.4%. Price rose in the 12 months ending in May in every state. Oregon was among the big gainers at 10.1 percent. However nationwide, annual growth slowed as more homes were put on the market. Annual home-price growth hit 8.8% in May, down almost 3% from a quarter earlier. CoreLogic expects annual growth to slow to 6% by May 2015. Including Mays increase, national home prices are about 13.5% below their 2006 peak. | |||||||
| Two separate reports today on China’s manufacturing both suggest a rebound. The final version of HSBC’s manufacturing Purchasing Managers’ Index was 50.7 in June, slightly below a preliminary reading of 50.8 but well above May’s final 49.4. The Chinese government’s version of the PMI also rose, edging up to 51 from May’s 50.8. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-rise-14-in-may-10-states-hit-records-highs-2014-07-01 | |||||||
| http://www.marketwatch.com/story/china-factories-show-first-improvement-in-six-months-2014-06-30 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||