| The KUIK Morning Market Report for Tuesday, September 2: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (31) | points | 17,068 | 7:01 AM | ||
| S&P500 | Down | 0.0% | percent | 2,003 | (0.06) | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,591 | 10.24 | ||
| 30 Year Treasury | Up | 7 | Basis Points | 3.15 | Annual Yield | ||
| U.S. home prices rose 1.2% in July and year-on-year gains of 7.4%, according to CoreLogic. Excluding distressed sales, the year-on-year gain was 6.8%. From the peak in April 2006, prices are down 11.9%. Michigan, had the fastest state growth at 11.4%, and the Riverside-San Bernandino-Ontario, Calif. metro area had the fastest metro area growth at 13.8%. | |||||||
| Hong Kong stocks were down today, with mainland Chinese banks as the main drag on the market. The Hang Seng Index fell 0.4% as state-owned investment bank CICC said August lending data may miss expectations, with bad loans on the rise and credit demand slowing, according to a report in the state-run China Securities Journal. Hong Kong-listed shares in the major mainland Chinese banks suffered substantial losses across the board, | |||||||
| The French 2-year bond yield turned negative for the first time yesterday according to Tradeweb. Two-year yields are now negative in six euro-zone countries.Investors are moving into euro-zone government bonds ahead of the European Central Bank meeting Thursday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-up-12-in-july-corelogic-says-2014-09-02 | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-69949/ | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-69949/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||