The KUIK Morning Market Report for Wednesday, January 13:
Markets are mixed.
Index Direction Change Units Time
Dow Up 21 points 16,537 7:12 AM
S&P500 Up 0.2% percent 1,942
Nasdaq Composite Down -0.1% percent 4,682
30 Year Treasury Up 3 Basis Points 2.91 Annual Yield
China’s the General Administration of Customs reports China’s exports fell 1.4% in December in dollar terms from a year earlier, after a drop of 6.8% in November. That was less than the 8.0% fall forecast by economists, and exports rose in yuan terms. Imports fell 7.6% from a year earlier, compared with an 8.7% drop in November.
The Shanghai Composite Indexfinished down 2.4%. at 2,950.21. Its losses picked up in the last hour of trading. It is now less than 23 points off from its summer low hit on Aug. 26.
The Stoxx Europe 600 gained 1.5% to 348.22, on track for a second consecutive advance, as oil and gas and basic material led gains. The Stoxx 600 has dropped 4.6% so far this year.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/chinese-exports-post-biggest-decline-since-2009-2016-01-13
http://www.marketwatch.com/story/asian-markets-rise-on-better-than-expected-china-exports-2016-01-12
http://www.marketwatch.com/story/european-stocks-leap-as-chinese-data-soothe-nerves-2016-01-13
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