| The KUIK Market Update for Tuesday, May 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (142) | points | 17,963 | 7:10 AM | ||
| S&P500 | Down | -0.7% | percent | 2,091 | (14.63) | ||
| Nasdaq Composite | Down | -0.9% | percent | 4,946 | (47.17) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.07 | Annual Yield | ||
| European government bonds and stocks were hit with a renewed selloff on Tuesday, as recent signs of stability in bond markets proved short-lived. The yield on Germany’s 10-year benchmark bond climbed by 8 basis points to 0.66%. Bonds across the euro area weakened by similar amounts. Yields rise as prices fall. The Stoxx Europe 600 indexwas down 1.4% in early trade, breaking a two-day rally. | |||||||
| Economic growth in the US may be slowing according to leading indicators released today by the Organization for Economic Cooperation and Development. The Paris-based research body said its gauges of future economic activity based on March data also point to slowdowns in Canada, China, Brazil and Russia. The U.S. economy had a poor slow to the year, growing just 0.2% annually. Economists believe much of that weakness was down to bad weather, and that growth will return to its 2014 levels during the rest of the year. The OECD’s gauge of future activity suggests that may not be the case, with its leading indicator for the U.S falling in each of the first three months of the year and now at 99.6, down from 101.1 in December. 100.0 indicates an economy will grow at its trend rate of growth. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/uber-looking-to-raise-up-to-2-billion-2015-05-11 | |||||||
| http://www.marketwatch.com/story/oecd-us-economy-set-for-a-slowdown-2015-05-12 | |||||||
| For today’s Market Update Report click to listen-> | |||||||