| The KUIK Morning Market Report for Monday, July 7: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (67) | points | 17,001 | 7:02 AM | ||
| S&P500 | Down | -0.3% | percent | 1,979 | (6.65) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,471 | (15.09) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.45 | Annual Yield | ||
| European stock markets fell today after a steep drop in German industrial production sparked worries that Europe’s economic engine is losing steam. The Stoxx Europe 600 index fell 0.5% to 346.28, after closing out last week with the biggest weekly advance since March. Germany’s DAX 30 index fell 0.3% to 9,978.31. Industrial production in Germany dropped 1.8% in May, for the biggest monthly slide since April 2012. Economists expected it to be flat. | |||||||
| Japanese stocks pulled back from their highest closing level in more than five months, while the Yen strengthened against the dollar. The Nikkei Average ended down 0.4% to 15,379.44 | |||||||
| August Nymex WTI crude fell 0.2%, to $103.89 a barrel. Libyan rebels handed over two oil ports last week. They can load 560,000 barrels of oil per day. Libyan oil is expected to return to the market. Libya has total capacity of about 1.3 million barrels a day. It produced only 200,000 barrels a day in June. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-weak-after-german-data-spur-concerns-2014-07-07?dist=markets | |||||||
| http://www.marketwatch.com/story/japan-stocks-fall-from-highest-close-since-late-january-2014-07-07?dist=markets | |||||||
| http://www.marketwatch.com/story/oil-under-104-on-expectations-of-more-supply-2014-07-07?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||