| The KUIK Market Update for Tuesday, August 12: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (25) | points | 16,545 | 7:52 AM | ||
| S&P500 | Down | -0.2% | percent | 1,933 | (3.56) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,390 | (11.60) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.26 | Annual Yield | ||
| Data from the Center for European Economic Research shows expectations for the German economy worsened for the eighth straight month in a row. The lead indicator declined to 8.6 in August from 27.1 July, its lowest level since December 2012 and its biggest drop since June 2012. Economists polled by The Wall Street Journal expected 18.0. The decline is due to the ongoing tensions between Russia and Ukraine. With the recovery in Europe losing momentum, the signs are that economic growth in Germany will be weaker in 2014 than expected. | |||||||
| The Labor Department reports job openings at U.S. workplaces rose to 4.67 million in June, the most since early 2001, up from 4.58 million in May. Compared with a year ago, job openings are up 18%, as private-sector openings increased to 4.21 million, and government positions rose to 466,000 up from 412,000. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/german-zew-survey-well-below-expectations-2014-08-12 | |||||||
| http://www.marketwatch.com/story/june-job-openings-rise-to-467-million-2014-08-12 | |||||||
| For today’s Market Update Report click to listen-> | |||||||
August 12, 2014