| The KUIK Morning Market Report for Monday, August 12: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (26) | points | 15,400 | 7:05 AM | ||
| S&P500 | Down | -0.20% | percent | 1,688 | (3.45) | ||
| Nasdaq Composite | Up | 0.08% | percent | 3,663 | |||
| 30 Year Treasury | Down | (2) | Basis Points | 3.62 | Annual Yield | ||
| After recent improvement in economic data out of europe, analysts at Goldman Sachs increased their forecast for second-quarter gross-domestic-product growth to 0.2% quarter-on-quarter, from a flat reading expected previously. The analysts said the upgrade came from pside surprises to indicators of activity mainly in Germany, France, Italy and Spain. | |||||||
| The Shanghai Composite added 2.4% for its biggest percentage gain in more than a month, and Hong Kong’s Hang Seng Index advanced 2.1% for its highest finish since June 4. Data released last week showed a better-than-expected improvement in China’s trade indicators and in monthly industrial output. Hong Kong daily newspaper South China Morning Post reported that Beijing is “quietly offering financial stimulus” to key cities and provinces to support the local economies. | |||||||
| In Japan, the Nikkei dropped 0.7% on news the country’s gross domestic product grew by 2.6% in the second quarter, missing forecasts for 3.6%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/goldman-sachs-lifts-euro-zone-gdp-view-to-02-2013-08-12 | |||||||
| http://www.marketwatch.com/story/japan-stocks-fall-after-gdp-data-china-rises-2013-08-11?dist=markets | |||||||
| http://www.marketwatch.com/story/stocks-slip-after-weak-japan-growth-data-2013-08-12?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||