| The KUIK Morning Market Report for Tuesday, August 5: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (52) | points | 16,517 | 7:18 AM | ||
| S&P500 | Down | -0.4% | percent | 1,931 | (7.50) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,368 | (15.93) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.32 | Annual Yield | ||
| The HSBC China services Purchasing Managers’ Index in July slipped to 50.0 the lowest level since the index was started in November of 2005 and on the edge between expansion and contraction, down from 53.1 in June. | |||||||
| Japanese stocks tumbled to their weakest closing level in more than a week on that weak Chinese services report. The Nikkei Average lost 1% to end at 15,320.31. The index has fallen four days in a row. | |||||||
| Beijing Xiaomi Technology a fast-growing handset maker often described as the Chinese Apple, has passed Samsung Electronics to become the No. 1 smartphone vendor in China, according to research group Canalys. Bolstered by the booming sales of its low-cost RedMi, Xiaomi saw its second-quarter sales in China explode by 240% from a year earlier, hitting a 14% share in the world’s largest smartphone market. Samsung’s slide to second place reflects a shift toward 4G handsets due to a 4G push by China Mobile the nation’s largest mobile carrier. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/hsbc-china-services-pmi-falls-to-record-low-2014-08-04 | |||||||
| http://www.marketwatch.com/story/japan-stocks-tumble-after-weak-china-data-2014-08-05?dist=markets | |||||||
| http://www.marketwatch.com/story/chinas-xiaomi-beats-samsung-apple-in-home-market-2014-08-05 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||