| The KUIK Market Update for Monday, August 10: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 186 | points | 17,559 | 7:58 AM | ||
| S&P500 | Up | 1.0% | percent | 2,098 | 20.34 | ||
| Nasdaq Composite | Up | 0.8% | percent | 5,084 | 40.47 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.88 | Annual Yield | ||
| The Federal Reserve is concerned about low inflation and won’t move before it sees inflation returning to more normal levels, according to Fed vice chairman Stanley Fischer. In an interview today he said that “employment has been rising pretty fast relative to previous performance and yet inflation is very low.” And that the economy still hasn’t returned to normal times. | |||||||
| Stocks in China today posted their biggest one-day gain in a month. The Shanghai Composite Index finished up 4.9% to 3,928.42, while the smaller Shenzhen Composite was up 4.5% to 2,274.84. The gains come after poor economic data over the weekend encouraged hopes that the government would keep buying shares to prop up the market. | |||||||
| In July, Chinese exports were down 8.3% from a year earlier, reversing a gain of 2.8% in June, according to customs data released Saturday. Imports fell for the ninth month in a row, dropping 8.1%, after falling 6.1% in June. And on Sunday, the government announced factory prices in July continued more than three years of declines, with the producer-price index taking its biggest year-over-year tumble in nearly six years. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/no-rate-hike-until-fed-sees-inflation-returning-to-normal-fischer-2015-08-10 | |||||||
| http://www.marketwatch.com/story/chinese-stocks-set-for-best-day-in-a-month-2015-08-10 | |||||||
| http://www.marketwatch.com/story/chinas-economy-enters-second-half-of-2015-on-weak-note-2015-08-09 | |||||||
| For today’s Market Update Report click to listen-> | |||||||