| The KUIK Market Update for Friday, July 10: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 148 | points | 17,697 | 7:54 AM | ||
| S&P500 | Up | 0.9% | percent | 2,070 | 18.59 | ||
| Nasdaq Composite | Up | 1.1% | percent | 4,975 | 52.18 | ||
| 30 Year Treasury | Up | 7 | Basis Points | 3.17 | Annual Yield | ||
| European stocks surged today on optimism that Greece’s new reform proposals will lead to a bailout deal for the country. The Stoxx Europe 600 rose 1.7% to 387.59, as all sectors posted gains. The move builds on a rise of 2.2% yesterday, and is on track for a weekly rise of 1.1%. In Frankfurt, the DAX 30 rose 2.1% to 11,224.20. Late yesterday Greece submitted 13 pages of economic-policy overhauls and budget cuts to its creditors and Greek Parliament. | |||||||
| The Commerce Department reports U.S. wholesale inventories rose 0.8% in May. Inventories of durable goods, such as autos and machinery, increased 0.6%. Meanwhile, inventories of nondurable goods rose 1.2%. Wholesale sales rose 0.3% in May, and were up 1.7% in April. | |||||||
| The International Energy Agency says global demand for oil could slow year, as it warned that crude prices could resume their drop. Global demand will slow to 1.2 million barrels a day in 2016, compared to an average 1.4 million 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-rally-on-renewed-greek-deal-hopes-2015-07-10 | |||||||
| http://www.marketwatch.com/story/us-wholesale-inventories-rise-08-in-may-2015-07-10-1091413 | |||||||
| http://www.marketwatch.com/story/iea-oil-prices-may-fall-more-as-demand-slows-2015-07-10 | |||||||
| For today’s Market Update Report click to listen-> | |||||||