| The KUIK Market Update for Monday, January 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (73) | points | 17,665 | 7:47 AM | ||
| S&P500 | Down | -0.7% | percent | 2,031 | (13.97) | ||
| Nasdaq Composite | Down | -0.7% | percent | 4,673 | (31.41) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.53 | Annual Yield | ||
| Marketwatch reports Greek government bond prices fell today after Prime Minister Antonis Samaras offered to ease austerity measures ahead of the January 25 election. The prime minister said over the weekend that there “will be no more pension or wage cuts”, and that the next step will be tax cuts “across the board”, | |||||||
| February crude is off 3.1% to at $46.84 a barrel on the New York Merc. That follows a 0.9% loss during Friday‘s regular session on the Merc. Goldman Sachs cut its 2015 forecast for crude to $47.15 a barrel, down from $73.75 a barrel. For 2016, they called for $65 a barrel, down from $80. And for this first quarter, they see it at $46, down from $75. In a related story, Saudi Prince Alwaleed said in an interview in USA Today that he’s sure “we’re never going to see $100 anymore.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/greek-bond-yields-fall-as-samaras-pledges-tax-cuts-2015-01-12 | |||||||
| http://www.marketwatch.com/story/oil-loses-more-ground-as-goldman-sachs-cuts-outlook-2015-01-11 | |||||||
| For today’s Market Update Report click to listen-> | |||||||