| The KUIK Market Update for Monday, December 8: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (12) | points | 17,947 | 8:05 AM | ||
| S&P500 | Down | -0.1% | percent | 2,074 | (1.23) | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,789 | 7.96 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.94 | Annual Yield | ||
| Crude-oil futures slid to five-year lows today, pressured by a strong U.S. dollar and bearish sentiment. January crude lost 2.6% to $64.20 a barrel on the New York Merc, lowest settlement since July 29, 2009. In London, January Brent crude fell 3.1% to $66.94 a barrel. Morgan Stanley in a research note dated December 5 cut its forecast for Brent crude in 2015, seeing the price falling to as low $43 a barrel during the second quarter. | |||||||
| Gross domestic product in Japan fell an annualized 1.9% in the third quarter down from a government estimate last month in which the economy fell 1.6% in the third quarter after a 6.7% drop in the second, officially entering a recession. General elections in Japan are in six days in which Prime Minister Shnzo Abe is framing as a referendum on his economic policies known as Abenomics. The economy is hurting from a big sales tax increase in April and the yen’s 30% drop against the dollar. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oil-continues-slide-trades-near-five-year-lows-2014-12-08 | |||||||
| http://www.marketwatch.com/story/japans-economy-worse-than-initially-reported-2014-12-07?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||