| The KUIK Morning Market Report for Friday, July 10: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 185 | points | 17,734 | 7:05 AM | ||
| S&P500 | Up | 1.1% | percent | 2,073 | 22.00 | ||
| Nasdaq Composite | Up | 1.2% | percent | 4,980 | 57.75 | ||
| 30 Year Treasury | Up | 9 | Basis Points | 3.19 | Annual Yield | ||
| European stocks surged today on optimism that Greece’s new reform proposals will lead to a bailout deal for the country. The Stoxx Europe 600 rose 1.7% to 387.59, as all sectors posted gains. The move builds on a rise of 2.2% yesterday, and the index is on track for a weekly rise of 1.1%. In Frankfurt, the DAX 30 rose 2.1% to 11,224.20. Late yesterday Greece submitted 13 pages of economic-policy overhauls and budget cuts to its creditors and Greek Parliament. | |||||||
| The International Energy Agency says global demand for oil would slow down next year, as it warned that crude prices could resume their drop. The agency says: “The bottom of the market may still be ahead,” in its monthly oil-market report. In its first assessment for next year, it said global demand growth is will slow to 1.2 million barrels a day in 2016, compared to and average 1.4 million barrels a day this year. A return of Iranian oil could put further pressure on oil prices, which have lost about 10% in the past month. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-rally-on-renewed-greek-deal-hopes-2015-07-10 | |||||||
| http://www.marketwatch.com/story/iea-oil-prices-may-fall-more-as-demand-slows-2015-07-10 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||