| The KUIK Market Update for Monday, August 12: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 2 | points | 15,426 | 8:07 AM | ||
| S&P500 | Down | -0.09% | percent | 1,690 | (1.59) | ||
| Nasdaq Composite | Up | 0.26% | percent | 3,669 | |||
| 30 Year Treasury | Down | (2) | Basis Points | 3.62 | Annual Yield | ||
| 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%. | |||||||
| December gold is up $14, or 1%, to $1,326.20 an ounce in electronic trade, ahead of last week’s gain of $1.70 an ounce. The advance came even with a move higher in the U.S. dollar. The gold assets in the SPDR Gold Trust Fund, the world’s largest gold ETF on Friday increased 1.8 metric tons to 911.13 metric tons. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| 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 | |||||||
| http://www.marketwatch.com/story/gold-futures-rally-as-spdr-gold-etf-assets-rise-2013-08-12?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | |||||||