| The KUIK Morning Market Report for Monday, March 10: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (46) | points | 16,407 | 7:03 AM | ||
| S&P500 | Down | -0.11% | percent | 1,876 | (2.06) | ||
| Nasdaq Composite | Down | 0.00% | percent | 4,336 | (0.04) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.73 | Annual Yield | ||
| Global business optimism reached a two-year high in February, according to a survey conducted by Markit based on responses from 11,000 companies. The survey, done three times a year, showed expectations about the year ahead rose sharply in the U.S., the euro zone and the U.K., with hiring and capital-spending intentions also up. However, business confidence in the BRIC countries have barely moved since sliding to a survey low in mid-2013, with Russia and India at new lows and Brazilian confidence dropping. | |||||||
| The bitcoin exchange Mt. Gox filed for Chapter 15 bankruptcy in the U.S. yesterday. Mt. Gox, which is based in Tokyo, filed for bankruptcy in Japan on Feb. 28. Meanwhile, the blog of Mt. Gox Chief Executive Mark Karpeles has been reportedly hacked , with the hackers posting an alleged balance sheet of the exchange’s accounts. | |||||||
| May copper is off 1.2%, to $3.04 a pound on the New York Merc. The selloff is attributed to data released over the weekend that showed Chinese exports unexpectedly fell 18.1% in February from a year earlier. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/global-business-optimism-at-2-yr-high-markit-2014-03-09 | |||||||
| http://www.marketwatch.com/story/mt-gox-files-for-chapter-15-in-us-2014-03-10 | |||||||
| http://www.marketwatch.com/story/gold-dips-coming-off-last-weeks-data-binge-2014-03-10?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||