Morning Market Report 8/12/2014 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, August 12:
Markets are flat.
Index	Direction	Change	Units	Time	Change
Dow	Down	(10)	points	16,560	7:09 AM
S&P500	Down	0.0%	percent	1,936	(0.75)
Nasdaq Composite	Unchanged	0.0%	percent	4,401	0.14
30 Year Treasury	Up	1	Basis Points	3.25	Annual Yield
Data from the Center for European Economic Research shows expectations for the German economy worsened for the eighth straight month in a row. The lead indicator declined to 8.6 in August from 27.1 July, its lowest level since December 2012 and its biggest drop since June 2012. Economists polled by The Wall Street Journal expected 18.0. The decline is due to the ongoing tensions between Russia and Ukraine. With the recovery in Europe losing momentum, the signs are that economic growth in Germany will be weaker in 2014 than expected.
In the US, small-business sentiment edged higher in July on an improvement in business conditions and the outlook for expansion. The National Federation of Independent Business said its small-business optimism index rose 0.7 points to 95.7. The strongest component was current job openings, and the weakest was earnings trends.
Oil prices fell today after the International Energy Agency cut its forecast for global oil demand. September crude fell 0.8% to $97.29 a barrel. The IEA cut its global demand-growth forecast for 2014 to 1 million barrels a day, down 180,000 barrels, citing weaker-than-expected demand in the second quarter.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/german-zew-survey-well-below-expectations-2014-08-12
http://www.marketwatch.com/story/small-business-sentiment-edges-up-in-july-nfib-2014-08-12
http://www.marketwatch.com/story/oil-drops-on-iea-supply-glut-lowered-demand-growth-2014-08-12
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