| The KUIK Market Update for Monday, July 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 201 | points | 17,961 | 7:59 AM | ||
| S&P500 | Up | 0.9% | percent | 2,096 | 19.32 | ||
| Nasdaq Composite | Up | 1.3% | percent | 5,060 | 62.23 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.22 | Annual Yield | ||
| European stocks climbed today, as Greece got a deal that will unlock bailout funds. The Stoxx Europe 600 rose 1.6% to 395.08. Financials led all sectors higher as bank stocks strengthened. In Frankfurt, the DAX 30 gained 1.3% to 11,458.64. Following overnight talks, leaders from European countries reached a unanimous deal to give Greece a new three-year bailout, preventing a “Grexit”. | |||||||
| China shares led Asia higher today, as Beijing’s efforts to reverse a massive selloff appear to be holding, though many stocks are still halted. The Shanghai Composite Index ended up 2.4% at 3971.14. The index has gained 13.2% since last Wednesday’s close, the start of a three-day rally, though remains down 23.2% from its high reached in June. The smaller Shenzhen Composite Index rose 4.2%. Some 303 firms have halted trading in Shanghai, and 883 in Shenzhen, of the 2,873 stocks are listed on the two exchanges, according to FactSet. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-climb-as-greece-reaches-long-awaited-bailout-agreement-2015-07-13 | |||||||
| http://www.marketwatch.com/story/china-stocks-rise-as-beijings-tools-starting-to-work-2015-07-12 | |||||||
| For today’s Market Update Report click to listen-> | |||||||