The KUIK Morning Market Report for Monday, February 22:
Markets are up.
Index Direction Change Units Time
Dow Up 198 points 16,592 6:52 AM
S&P500 Up 1.3% percent 1,942
Nasdaq Composite Up 1.3% percent 4,562
30 Year Treasury Up 1 Basis Points 2.62 Annual Yield
Markets in Asia were up. The Shanghai Composite Index closed 2.4% higher at 2,927.18, after Chinese official media announced over the weekend that it had replaced its chief securities regulator. The Nikkei closed up 0.9% to 16,111.
Stocks in Europe also advanced. The Stoxx Europe 600 index jumped 1.6% to 331.72. March crude is up 6% to $31.31 a barrel. On Friday Baker Hughes reported a decrease in the number of oil rigs, dropping for the ninth straight week. Libya’s National Oil Co. today said its Fida oil field was attacked last week by ISIS. Crude stored at the site caught fire.
Gold futures are down as investors move to riskier assets. April gold is off 1.8% to $1209 an ounce.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/asian-stocks-rise-after-china-replaces-securities-chief-2016-02-21
http://www.marketwatch.com/story/european-stocks-jump-to-2-week-high-as-oil-rallies-2016-02-22
http://www.marketwatch.com/story/gold-drops-2-as-haven-demand-wanes-2016-02-22
http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-98374/
For today’s Morning Market Report click to listen->