| The KUIK Market Update for Monday, October 12: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 21 | points | 17,106 | 8:08 AM | ||
| S&P500 | Down | 0.0% | percent | 2,015 | (0.03) | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,838 | 7.27 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.92 | Annual Yield | ||
| Marketwatch reports a joint analysis by RealtyTrac, and multicultural marketing company Ethnic Technologies, found that 46% of Mandarin Chinese-speaking buyers who purchased U.S. homes in the 17 months ending in May 2015 paid all cash, more than triple the number paying all cash in 2005. Overall, Mandarin speakers are the second largest non-English speaking cash-paying group, totaling nearly 18% of all cash deals, second behind those buyers speaking Spanish at 43%. | |||||||
| Chinese markets ralliedtoday after the central bank announced fresh stimulus to boost the economy, and investors believe more is on the way. The Shanghai Composite Index closed up 3.3% to 3288 while the Hong Kong Hang Seng Index was up 1.2% to 22731. | |||||||
| OPEC’s monthly bulletin forecast U.S. oil output will drop in 2016 for the first time in eight years. But OPEC output rose 109,000 barrels a day in September to 31.57 million barrels a day. November Nymex crude fell 1.6% to $48.84 a barrel. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinese-all-cash-buyers-of-us-homes-have-tripled-since-2005-2015-10-09 | |||||||
| http://www.marketwatch.com/story/china-shares-surge-on-fresh-stimulus-plans-from-beijing-2015-10-12 | |||||||
| http://www.marketwatch.com/story/oil-prices-rise-on-us-rig-count-declines-2015-10-12 | |||||||
| For today’s Market Update Report click to listen-> | |||||||