| The KUIK Market Update for Wednesday, January 28: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 18 | points | 17,405 | 8:11 AM | ||
| S&P500 | Down | 0.0% | percent | 2,029 | (0.13) | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,693 | 11.30 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.36 | Annual Yield | ||
| The American Petroleum Institute reported yesterday that crude oil supplies in the U.S. rose 13 million barrels in the last week, much higher than the 3.5 million barrels expected by analysts polled by Platts. March crude is off 1.7%, to $45.44 a barrel on the New York Merc. Barclays Bank cut its crude outlook to average $42 a barrel in 2015, down from $66 it forecast December 1. | |||||||
| Greece’s Athex Composite index fell 9% to 713, adding to 3.7% loss from Tuesday and a 3.2% slide on Monday. The index is now trading at its lowest level since September 2012. The yield on 10-year Greek government bonds surged almost a fulll 1% to 10.781%, according to Tradeweb. This week’s weakness in Greek assets comes after the far-left Syriza party won Greece’s general election on Sunday, stirring concerns that the new government could put an end to reforms agreed with international lenders as part of the country’s bailout program. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oil-slides-nearly-2-after-disappointing-inventory-data-2015-01-28 | |||||||
| http://www.marketwatch.com/story/greek-stocks-slide-to-lowest-since-2012-2015-01-28?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||