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/ |
For today’s Morning Market Report click to listen-> |
|