| The KUIK Morning Market Report for Thursday, June 19: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 3.02 | points | 16,910 | 7:00 AM | ||
| S&P500 | Up | 0.1% | percent | 1,958 | 1.17 | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,360 | (2.78) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.40 | Annual Yield | ||
| The Labor Department reports Initial jobless claims declined by 6,000 to 312,000 in the week ended June 14. Economists expected a seasonally adjusted 310,000. Continuing claims fell by 54,000 to a seasonally adjusted 2.56 million in the week ended June 7. | |||||||
| Chinese Premier Li Keqiang vowed that his nation’s economy will not suffer a hard landing according to the state-run Xinhua News Agency. Li said that the government was taking measures to ensure that gross domestic product grows no slower than an annual rate of 7.5% to ensure jobs are created. | |||||||
| Gold prices extended recent gains, aided by a weaker U.S. dollar after Federal Reserve Chaiman Janet Yellen signaled short-term rates will hold steady for a while longer. August gold is up 1.1%, to $1,287 an ounce. July silver is up 1.3%, to $20.02 an ounce. The dollar fell against other major currencies on the Fed’s chief remarks yesterday. While the Fed did see a slightly faster pace of interest-rate tightening, the market focused on Yellen’s remarks that the recent inflation data is “noisy,” and that there’s uncertainty around every forecast for rate hikes. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-fall-near-post-recession-low-2014-06-19 | |||||||
| http://www.marketwatch.com/story/china-premier-vows-no-hard-landing-for-economy-2014-06-18 | |||||||
| http://www.marketwatch.com/story/weaker-dollar-iraq-combine-to-boost-gold-2014-06-19?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||