| The KUIK Morning Market Report for Monday, August 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 15 | points | 16,508 | 7:12 AM | ||
| S&P500 | Up | 0.2% | percent | 1,929 | 4.17 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,371 | 18.21 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.28 | Annual Yield | ||
| European stocks were flat today, with markets cautious after Portugal’s central bank unveiled a bailout plan for Banco Espírito Santo. Under a plan outlined late Sunday , toxic assets at the bank will be put into a bad bank that will eventually be wound down. Healthy Assets and deposits will be put into a “good” bank called Novo Banco which will receive an infusion of 4.9 billion euros from a special bank resolution fund that Portugal set up in 2012. Novo Banco will be sold and proceeds used to pay back the fund. | |||||||
| Hong Kong stocks rebounded on Monday, as financial stocks rallied. Hong Kong Exchanges & Clearing the city’s stock-exchange operator, said it plans to conduct tests and market rehearsals later this month for the Shanghai-Hong Kong Stock Connect, a plan for direct stock trading between the two markets. The Hang Seng Index ended up 0.3%, recovering from a retreat on Friday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-flat-after-portugal-bank-bailout-2014-08-04 | |||||||
| http://www.marketwatch.com/story/hong-kong-stocks-rebound-as-financials-rally-2014-08-04?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||