| The KUIK Morning Market Report for Wednesday, June 10: | |||||||
| Markets have opened down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 143 | points | 17,906 | 7:02 AM | ||
| S&P500 | Up | 0.7% | percent | 2,094 | 14.27 | ||
| Nasdaq Composite | Up | 0.5% | percent | 5,040 | 26.33 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.19 | Annual Yield | ||
| The Stoxx Europe 600 index jumped 0.8% to 387.11, after logging its longest losing streak since December today. A selloff in European government bonds and Greece’s impasse with its international creditors have weighed heavily on stocks over the past week, with the index closing lower for a sixth straight session Tuesday. | |||||||
| For Greece, time is running out to strike an agreement to unlock new financing, with Athens facing major debt repayments later in the month. On Tuesday, European officials quickly dismissed a Greek compromise proposal, saying it didn’t go far enough in meeting creditors’ demands. | |||||||
| In its monthly oil market report, OPEC kept its forecast for oil demand growth in 2015 unchanged at 1.18 million barrels a day, and said expectations of demand for its own oil this year remains at 29.3 million barrels a day, or 300,000 higher than 2014. It said risks in U.S. oil demand are skewed to the upside as lower prices push up demand for fuels, as Americans buy more gas guzzling sport-utility vehicles. It expects the non-OPEC crude oil output to remain unchanged at 680,000 barrels a day this year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-wobble-as-german-yields-spike-above-1-2015-06-10 | |||||||
| http://www.marketwatch.com/story/european-stocks-wobble-as-german-yields-spike-above-1-2015-06-10 | |||||||
| http://www.marketwatch.com/story/opec-no-further-rise-in-crude-expected-in-2015-2015-06-10 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||