| The KUIK Morning Market Report for Friday, August 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 44 | points | 17,453 | 7:00 AM | ||
| S&P500 | Up | 0.2% | percent | 2,088 | 4.45 | ||
| Nasdaq Composite | Up | 0.1% | percent | 5,041 | 7.20 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.87 | Annual Yield | ||
| Markets in Asia rallied Friday. China’s yuan finished up 0.1% against the U.S. dollar for the first day of gains in three since Beijing started to let the market partially determine the currency’s trading level. Earlier in the day, the central bank set a stronger daily fixing, easing concerns that the currency was in free fall. The Shanghai Composite ended up 0.3% on Friday, while the smaller Shenzhen Composite gained 0.5%. | |||||||
| September crude fell six cents, to $42.17 a barrel after earlier falling as low as $41.35, a level seen last in March 2009. Oil prices are on track for a weekly slide of more than 3%, driven by a 2.5% drop on Thursday and a 4.2% tumble on Tuesday on concerns about demand from China following the yuan’s devaluation and continued worries about a global supply glut. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinas-yuan-holds-steady-asian-stocks-mixed-2015-08-14 | |||||||
| http://www.marketwatch.com/story/oil-falls-to-fresh-6-year-low-down-x-for-week-2015-08-14 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||