| The KUIK Morning Market Report for Wednesday, July 22: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (27) | points | 17,888 | 6:50 AM | ||
| S&P500 | Down | -0.3% | percent | 2,113 | (5.89) | ||
| Nasdaq Composite | Down | -1.0% | percent | 5,158 | (49.68) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.07 | Annual Yield | ||
| Home prices rose a seasonally adjusted 0.4% in May, according to the Federal Housing Finance Agency. Prices are up 5.7% compared to May 2014. The agency racks deals involving mortgages backed by Fannie Mae and Freddie Mac. | |||||||
| Yesterday the American Petroleum Institute said its said the US had 2.3-million-barrel increase in crude supply. The report from the U.S. Energy Information Administration is due later today. Analysts expect that report to show only a 1.6 million-barrel drop in crude. September crude is off 2.% to $50.14 a barrel on the New York Merc. | |||||||
| Marketwatch reports China’s oil demand isn’t softening. Volumes of seaborne crude headed to China remain high, driving strong demand and high charter rates for supertankers. China’s petroleum demand grew in June, up 6.5% from a year earlier and 2% from May, according to Standard Chartered. Saudi Arabia’s exports of crude to China also grew 80% on-month in June to 1.3 million barrels per day, the highest since January 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-rise-04-in-may-fhfa-2015-07-22-991425 | |||||||
| http://www.marketwatch.com/story/oil-falls-on-surprise-rise-in-us-inventories-2015-07-22 | |||||||
| http://www.marketwatch.com/story/oil-falls-on-surprise-rise-in-us-inventories-2015-07-22 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||