| The KUIK Morning Market Report for Monday, April 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 38 | points | 18,096 | 7:10 AM | ||
| S&P500 | Up | 0.2% | percent | 2,106 | 3.74 | ||
| Nasdaq Composite | Up | 0.4% | percent | 5,018 | 21.92 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.59 | Annual Yield | ||
| China’s exports and imports for March both fell sharply from a year earlier, . Exports dropped 15% from March 2014, widely missing expectations for a substantial jump, with The Wall Street Journal forecasting a 10% rise. Imports were also weak, falling 12.7%, against a projected drop of 12% in that same survey. The trade surplus totalled $3.1 billion for the month, off of February’s $60.6 billion. The Chinese stock markets ignored the data, with Hong Kong’s Hang Seng Index up 0.4%, and the Shanghai Composite up 1.3% as broker stocks rallied on reports of further easing for investing rules in China. | |||||||
| Bloomberg reports investors betting the dollar rally is topping out may be overlooking reasons why it will keep going. There’s pent-up demand for the dollar that will support years of appreciation because the world is “structurally short” the dollar, according to former International Monetary Fund economist Stephen Jen. Government and corporate borrowers outside America owe a record $9 trillion, much of which will need repaying in coming years, according to data from the Bank for International Settlements. And central banks that had reduced their holdings of the greenback are starting to reverse course, creating more demand. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-march-exports-far-worse-than-expected-2015-04-12 | |||||||
| http://www.bloomberg.com/news/articles/2015-04-12/the-9-trillion-short-that-s-seen-sending-the-dollar-even-higher | |||||||
| For today’s Morning Market Report click to listen-> | |||||||