| The KUIK Morning Market Report for Monday, June 9: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 5 | points | 16,929 | 7:05 AM | ||
| S&P500 | Up | 0.1% | percent | 1,950 | 0.93 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,326 | 4.94 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.45 | Annual Yield | ||
| There is evidence that inflation is now moving higher, according to James Bullard, president of the St. Louis Fed. This is a significant shift in Bullard’s outlook. Last month, Bullard said that inflation was stable and any uptick in price levels was just a forecast. Last year Bullard was very concerned about low inflation, even dissenting from a Fed policy statement over concern the central bank wasn’t doing enough on the issue. | |||||||
| Asian stocks mostly rose . Official data released Sunday showed that China’s exports growth sharply accelerated to 7% in May, up from April’s 0.9%. On Friday, the U.S. said it added 217,000 jobs in May, better than what economists had anticipated. Japan’s Nikkei closed 0.3% higher, scoring its highest settlement in about three months. The dollar dropped slightly versus the yen. Hong Kong stocks also followed U.S. markets higher, with the Hang Seng Index finishing up 0.7%. Shanghai Composite was flat, rising less than 0.1%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-bullard-says-inflation-is-now-rising-2014-06-09-9911024 | |||||||
| http://www.marketwatch.com/story/asia-stocks-mostly-higher-after-us-china-data-2014-06-09?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||