| The KUIK Morning Market Report for Monday, December 8: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (17) | points | 17,942 | 7:03 AM | ||
| S&P500 | Down | -0.1% | percent | 2,073 | (1.96) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,785 | 4.05 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.96 | Annual Yield | ||
| Crude-oil futures slid to five-year lows today, pressured by a strong U.S. dollar and bearish sentiment. January crude lost 2.6% to $64.20 a barrel on the New York Merc, lowest settlement since July 29, 2009. In London, January Brent crude fell 3.1% to $66.94 a barrel. Morgan Stanley in a note dated Dec. 5 cut its forecast for average Brent crude price in 2015, seeing the price falling to as low $43 a barrel during the second quarter of next year. Without intervention by OPEC, markets risk becoming unbalanced, with peak oversupply likely in the second quarter. | |||||||
| European stocks fell with the Stoxx Europe 600 Index falling 0.4% to 350. Germany’s industrial output expanded less than expected in October, raising concerns about fourth-quarter growth in Europe’s largest economy. The Ministry of Economy reported industrial output rose an adjusted 0.2% below expectations of a 0.3% increase, according to a survey by The Wall Street Journal. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oil-continues-slide-trades-near-five-year-lows-2014-12-08 | |||||||
| http://www.marketwatch.com/story/german-industrial-output-for-october-disappoints-2014-12-08 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||
December 8, 2014