Morning Market Report 9/2/2014

The KUIK Morning Market Report for Tuesday, September 2:
Markets are flat.
Index Direction Change Units Time Change
Dow Down                    (31) points           17,068 7:01 AM
S&P500 Down 0.0% percent             2,003            (0.06)
Nasdaq Composite Up 0.2% percent             4,591            10.24
30 Year Treasury Up                       7 Basis Points               3.15 Annual Yield
U.S. home prices rose 1.2% in July and year-on-year gains of 7.4%, according to CoreLogic. Excluding distressed sales, the year-on-year gain was 6.8%. From the peak in April 2006, prices are down 11.9%. Michigan, had the fastest state growth at 11.4%, and the Riverside-San Bernandino-Ontario, Calif. metro area had the fastest metro area growth at 13.8%.
Hong Kong stocks were down today, with mainland Chinese banks as the main drag on the market. The Hang Seng Index fell 0.4% as state-owned investment bank CICC said August lending data may miss expectations, with bad loans on the rise and credit demand slowing, according to a report in the state-run China Securities Journal. Hong Kong-listed shares in the major mainland Chinese banks suffered substantial losses across the board,
The French 2-year bond yield turned negative for the first time yesterday according to Tradeweb. Two-year yields are now negative in six euro-zone countries.Investors are moving  into euro-zone government bonds ahead of the European Central Bank meeting Thursday.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/us-home-prices-up-12-in-july-corelogic-says-2014-09-02
http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-69949/
http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-69949/
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