| The KUIK Market Update for Tuesday, September 8: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 254 | points | 16,355 | 8:13 AM | ||
| S&P500 | Up | 1.6% | percent | 1,951 | 29.70 | ||
| Nasdaq Composite | Up | 1.7% | percent | 4,765 | 81.45 | ||
| 30 Year Treasury | Up | 6 | Basis Points | 2.95 | Annual Yield | ||
| Growth is set to slow across a number of the world’s largest economies, including China, the U.S. and the U.K., according to leading indicators released by the Organization for Economic Cooperation and Development. Its gauges of future economic activity-based on information available through July–also point to slowdowns in Canada, Russia and Brazil, but a pickup in Europe, especially France. | |||||||
| China today announced plans for a “circuit breaker” for its stock exchanges, aimed at preventing panic selloffs during high volatility. The Shanghai and Shenzhen stock exchanges’ circuit-breaker system will be tied to the CSI 300 Index, which tracks stocks on both markets. Trading will be suspended when the index swings up or down 5%, while a move of 7% will suspend trading for the day. | |||||||
| The Stoxx Europe 600 rose 1.4% to 359.68, for ts best session since September 3. All sectors moved up, led by the utilities, oil and gas, and financials. The best performance among national indexes came from Germany’s DAX 30 up 2.3% to 10,335.95. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oecd-data-point-to-slower-growth-in-us-china-2015-09-08 | |||||||
| http://www.marketwatch.com/story/china-to-install-circuit-breaker-to-prevent-stock-selloffs-2015-09-08 | |||||||
| http://www.marketwatch.com/story/european-stocks-eye-best-session-in-nearly-a-week-as-german-dax-charges-up-2015-09-08?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||