| The KUIK Market Update for Monday, April 27: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 38 | points | 18,126 | 7:58 AM | ||
| S&P500 | Up | 0.2% | percent | 2,121 | 3.20 | ||
| Nasdaq Composite | Up | 0.2% | percent | 5,102 | 9.95 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.64 | Annual Yield | ||
| European stocks moved higher following reports that Greece has made changes to a key team negotiating with its international creditors. The Stoxx Europe 600 rose 0.90% to 411.86, with all sectors trading higher. Greece’s Athex Composite rose 1% to 769.06 and the yield on 2-year debt fell 10 basis points to an annual rate of 25.2%. | |||||||
| China’s Hang Seng Index was up 1.3% to 28,433.59, its best close since the end of 2007 and the Shanghai Composite was up 3% to 4,527.40, the first settlement above 4,500 since February 2008. Oil and shipping shares rose sharply in both markets, after a state media report said the Chinese government may cut the number of central government-owned big companies through massive mergers. Beijing is considering a merger between PetroChina and China Petroleum & Chemical Corp (Sinopec) as well as between Cnooc and the unlisted China National Chemical the report said. The merged companies would be able to compete better with international energy giants such as Exxon Mobil. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-fall-with-deutsche-bank-greece-in-focus-2015-04-27 | |||||||
| http://www.marketwatch.com/story/chinese-stocks-rally-on-state-firm-merger-report-2015-04-27 | |||||||
| For today’s Market Update Report click to listen-> | |||||||