| The KUIK Morning Market Report for Friday, June 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (111) | points | 17,929 | 6:48 AM | ||
| S&P500 | Down | -0.6% | percent | 2,097 | (11.68) | ||
| Nasdaq Composite | Down | -0.5% | percent | 5,057 | (25.92) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.12 | Annual Yield | ||
| European stock markets dropped for the first time in three days on Friday after the International Monetary Fund walked out on Greece’s bailout talks, increasing the risk of a Greek default and exit from the eurozone. The Stoxx Europe 600 index fell 0.2% to 392.20, cutting its weekly gain to 0.8%. Greece’s Athex Composite Index fell -5.4% to 784. | |||||||
| The Labor Department reports the producer price index climbed a seasonally adjusted 0.5% in May, marking the second advance in three months following four straight declines. The price of goods rose 1.3%, while services were unchanged. Gasoline prices rose in May even though the cost of a barrel of oil was basically unchanged. Part of the increase stemmed from some refineries shutting briefly for maintenance or switching over to summer blends. The wholesale cost of chicken rose 56.4%, the biggest gain since the government began keeping track during the Great Depression. The price of unprocessed “finfish” such as tuna also rose 97% last month. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/greek-stocks-take-a-beating-as-grexit-risks-rise-2015-06-12 | |||||||
| http://www.marketwatch.com/story/producer-prices-see-fastest-rise-in-nearly-two-years-in-may-2015-06-12?link=MW_Nav_EP | |||||||
| For today’s Morning Market Report click to listen-> | |||||||