Market Update Report 7/20/2015

The KUIK Morning Market Report for Monday, July 20:
Markets are mixed.
Index Direction Change Units Time Change
Dow Down                      (10)  points           18,077 7:08 AM
S&P500 Down -0.1% percent            2,125            (2.12)
Nasdaq Composite Down 0.0% percent            5,208            (2.27)
30 Year Treasury Up                         4 Basis Points              3.12 Annual Yield
Banks in Greece opened today for the first time in three weeks. Capital controls are still in place, and customers can only withdraw 420 euros ($456) a week, rather than the previous limit of €60 a day previously imposed. Other restrictions, such as on sending money overseas, are still in force. Greek banks were closed since June 29, after the European Central Bank capped emergency liquidity assistance. Greece made its €4.2 billion debt payment to the ECB using the €7.16 billion euro bridge loan approved last Friday.
The Stoxx Europe 600 index added 0.4% to 407.25, building on a 4.3% advance from last week.
China shares rose slightly today after authorities moved over the weekend to tighten the use of internet peer-to-peer lending by stock investors. The Shanghai Composite Index  closed 0.9% higher at 3992.11, after gaining 3.5% last week. It remains down 22.7% from its seven-year-plus high hit in June.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/greek-banks-reopen-after-three-week-closure-2015-07-20
http://www.marketwatch.com/story/european-stocks-climb-for-ninth-straight-session-2015-07-20
http://www.marketwatch.com/story/gold-tumbles-to-more-than-five-year-low-china-shares-fall-2015-07-20
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