Market Update Report 3/5/2018 – Beacon Rock Wealth Advisors

The KUIK Market Update for Monday, March 5:

Markets are flat.

Index	Direction	Change	Units	Index	Time	Change
Dow Jones Industrial Average	Down	(35)	points	24,503	8:00 AM
S&P500	Down	0.0%	percent	2,691		(0.29)
Nasdaq Composite	Down	0.0%	percent	7,218		(1.28)
30 Year Treasury	Down	(1)	Basis Points	3.12	Annual Yield

Chinese and U.S. officials who met in Washington this past week have agreed to continue their discussions in Beijing “in the near future,” Zhang Yesui, a vice foreign minister and spokesman for China’s legislature, told a news conference Sunday. He called for cooperation between the two countries and cautioned against policies that could bring on a trade war. But when asked to comment on Zhang’s statement, a White House spokeswoman said: “There was no agreement to meet.” It was the second time in two months that a top Chinese government official issued a public statement about the two countries agreeing to hold economic talks that was then denied by the Trump administration.

Italy’s general election over the weekend showed strong results for the populist, euroskeptic parties, sparking fears the eurozone’s third-largest economy will be stuck with months of political instability. Preliminary results from Sunday’s vote indicate around half of the voters cast their ballot in favor of anti-establishment parties 5 Star Movement and Lega,, while the mainstream parties lost. With 98% of the vote counted, neither has managed to win an outright majority. That means a hung parliament and political gridlock, as parties wrangle overcoalitions.





Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK.

www.marketwatch.com/story/is-there-an-agreement-to-renew-trade-talks-china-says-yes-but-white-house-says-no-2018-03-04#false
www.marketwatch.com/story/italy-election-brings-back-existential-threat-to-eurozone-analyst-react-to-sundays-vote-2018-03-05#false



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