The KUIK Morning Market Report for Monday, February 15:
Markets are closed in honor of Presidents Day, but here are some of the stories we’re following.
The Nikkei closed up 7.2% at 16022.58, making up most of its 11% loss last week. That was its biggest weekly percentage drop since October 2008.
European stock markets rallied for a second straight session today. The Stoxx Europe 600 jumped 2.6% to 320.52, setting it on track for the highest close in more than a week. Banks were among biggest advancers, with the region’s banking index rising 3.4%. The rally cameon news the Europen Central Bank is talking with the Italian government about buying bad loans from the country’s banks as part of its asset-purchase scheme and accepting them as collateral.
The first shipment of Iranian crude oil to the European Union in more than three years will leave as soon as today, according to Iranian officials. A tanker chartered by French energy giant Total SA is expected to sail with 2 million barrels. Two others will carry 1 million barrels each for Spain’s Cepsa, and Litasco, the trading arm of Russia’s Lukoil.
April gold fell 2.3%, to $1,211.10 an ounce. On Friday, gold finished down 0.7%, but logged its best weekly gain since December 2008, rising 7.1%, according to FactSet
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/asian-markets-rise-but-brace-for-possible-china-volatility-2016-02-14
http://www.marketwatch.com/story/european-stocks-rally-for-second-day-as-banks-jump-2016-02-15
http://www.marketwatch.com/story/iran-ships-first-oil-to-europe-in-3-years-2016-02-15
http://www.marketwatch.com/story/gold-drops-25-as-investor-appetite-for-riskier-assets-grows-2016-02-15
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