| The KUIK Morning Market Report for Tuesday, May 12: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (155) | points | 17,950 | 6:51 AM | ||
| S&P500 | Down | -0.8% | percent | 2,089 | (16.06) | ||
| Nasdaq Composite | Down | -1.0% | percent | 4,943 | (50.10) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.06 | 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 index SXXP, -1.34% was down 1.4% in early trade, breaking a two-day rally. Equities in Europe have also seen a sharp reversal in the last two weeks following a strong start to the year. Germany’s DAX was down 1.4%, France’s CAC 40 fell 1.3% and the U.K.’s FTSE 100 lost 1.0%. | |||||||
| Oil prices headed higher today as the dollar dropped, but analysts question the strength of the recent rally on the continuing global oil glut. June crude is up 1.7% to $60.26 a barrel, on the New York Merc. | |||||||
| 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/oil-prices-gain-in-volatile-trade-as-dollar-weakens-2015-05-12 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||