The KUIK Morning Market Report for Tuesday, July 21: |
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Markets are mixed. |
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Index |
Direction |
Change |
Units |
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Time |
Change |
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Dow |
Down |
(114) |
points |
17,985 |
7:00 AM |
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|
S&P500 |
Down |
0.0% |
percent |
2,128 |
|
(0.14) |
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Nasdaq Composite |
Up |
0.2% |
percent |
5,229 |
|
9.86 |
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30 Year Treasury |
Up |
1 |
Basis Points |
3.12 |
Annual Yield |
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Grexit risk will be back by the end of 2016 according to 71% of the economists surveyed by Bloomberg. Almost half said the €86 billion bailout package won’t be enough, as flaws in the deal Prime Minister Alexis Tsipras hammered out with creditors last week are fueling concerns that the three-year program will be an uphill battle. |
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European stocks edged lower today, losing steam after the longest win streak since April of 2014, as investors turned their attention away from Greece toward corporate earnings. The Stoxx Europe 600 fell 0.2% to 40,602, led by losses among health-care, technology and telecom stocks. Yesterdayit had its ninth consecutive advance. |
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Oil prices are down today, struggling to move above the $50 on concerns over a global oil glut. August crude traded down 0.1% to $50.10 a barrel on the New York Merc. It lost 1.5% yesterday, falling to four-month low. |
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.bloomberg.com/news/articles/2015-07-21/apple-grexit-commodities-what-people-in-markets-are-talkign-about-today |
http://www.marketwatch.com/story/european-stocks-fall-back-after-greek-fueled-run-of-wins-2015-07-21 |
http://www.marketwatch.com/story/oil-prices-struggle-around-50-a-barrel-mark-2015-07-21 |
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For today’s Morning Market Report click to listen-> |
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