| The KUIK Market Update for Monday, February 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (63) | points | 17,761 | 8:14 AM | ||
| S&P500 | Down | -0.2% | percent | 2,051 | (3.98) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,732 | (12.08) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.49 | Annual Yield | ||
| China exports fell 3.3% in January from a year earlier, according to the China General Administration of Customs . This was a sharp drop from December’s 9.7% rise and short of the expected 4.0% increase by economists polled by The Wall Street Journal. The sluggish demand means the China is expected to lower its growth target to about 7% this year, down from last years 7.4%. | |||||||
| Alan Greenspan is gloomy on Greece. In and interview on the BBC yesterday the former Fed President gave his views about the crisis surrounding Greece and the new Prime Minister’s efforts to re-negotiate its bailout. He said “I don’t think it will be resolved without Greece leaving the eurozone.” | |||||||
| Crude-oil futures are up for their third straight session. March crude is up 2.3%, to $52.87 a barrel. Oil-services company Baker Hughes reports the number of rigs drilling for oil in the U.S. fell by 83 lastweek, which was the ninth weekly loss in a row, to the lowest level since December 2011. OPEC lowered its 2015 estimate for non-OPEC supply growth by 420,000 barrels a day to 850,000 barrels. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinas-exports-post-surprise-drop-in-january-2015-02-08 | |||||||
| http://www.marketwatch.com/story/greenspan-on-greece-exit-from-euro-is-just-a-matter-of-time-2015-02-09 | |||||||
| http://www.marketwatch.com/story/oil-prices-volatile-after-weak-china-trade-data-rig-count-drop-2015-02-09 | |||||||
| For today’s Market Update Report click to listen-> | |||||||