| The KUIK Market Update for Tuesday, January 15: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (24) | points | 13,483 | 7:58 AM | ||
| S&P500 | Down | -0.2% | percent | 1,468 | (3.05) | points | |
| Nasdaq Composite | Down | -0.6% | percent | 3,101 | (16.11) | points | |
| 30 Year Treasury | Down | (4) | Basis Points | 3.00 | Annual Yield | ||
| The Commerce Department says retail sales rose more than projected in December as Americans wrapped up their holiday shopping. The 0.5 percent gain followed a revised 0.4 percent increase in November that was more than previously reported. Economists expected a 0.2 percent rise. Sales excluding automobiles and gasoline climbed 0.6 percent for a second month. | |||||||
| U.S. home prices edged up 0.3% in November to take the year-on-year gain to 7.4%, the biggest annual gain since May 2006, CoreLogic said today. The year-on-year rise is the ninth consecutive gain. Leaving out distressed sales, home prices are up 6.7% year-on-year. | |||||||
| German gold may be heading home. Marketwatch reports that Germany’s Handeslblatt newspaper claimed last night that the Bundesbank has developed a new strategy that involves fewer gold bars held abroad. This is a sign of worry about foreign currencies including the dollar and the stability of the US and increasing faith in hard assets. The German public for a long time has been demanding an audit of the German gold reserves and return of those reserves to Germany. The New York Federal Reserve holds 45% the reserves. The Bank of England and the Bank of France hold 13% and 11% each. The Bundesbank itself holds 31%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2013-01-15/retail-sales-in-u-s-increased-more-than-forecast-in-december.html | |||||||
| http://www.marketwatch.com/story/us-nov-home-prices-edge-up-03-corelogic-2013-01-15 | |||||||
| http://www.marketwatch.com/story/gold-futures-tick-higher-in-asia-trading-2013-01-15?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||