The KUIK Morning Market Report for Monday, August 14:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
140
points
21,998
7:18 AM
S&P500
Up
0.9%
percent
2,463
21.82
Nasdaq Composite
Up
1.1%
percent
6,325
68.53
30 Year Treasury
Up
2
Basis Points
2.81
Annual Yield
Stock markets across Asia were higher today following last weekās pullback, as senior U.S. officials over the weekend downplayed the risks of a military conflict with North Korea. Hong Kongās Hang Seng Inwas up 1.1% after having its biggest one-week decline since December. Australiaās S&P/ASX 200 added 0.5% and Singaporeās Straits Times Index rose 0.6%, with buying across sectors. On Saturday U.S. Secretary of Defense James Mattis and Secretary of State Rex Tillerson wrote in the Wall Street Journal that the Trump administration seeks diplomatic solutions to seek the āirreversible denuclearizationā of North Korea.
In Euope, the Stoxx Europe 600 index was up 0.8% at 375.09, coming back part way from the 2.7% loss it suffered last week. Last Friday, the index dropped for a third straight day to close at its lowest level since February. Industrial production in the eurozone fell 0.6% in June compared with May, indicating that the regionās economy may be settling down after a growth spurt in the beginning of the year.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
