I’ll post the daily Market Report and Market Analysis after the close. Here’s some news…
RUSSIA-UKRAINE CONFLICT (Bloomberg)
“Ukraine said its troops attacked and partially destroyed
a column of armed vehicles that had crossed the border from Russian territory,
while Russia said it was concerned about an attack on
another convoy carrying aid.” Story at…http://www.bloomberg.com/news/2014-08-15/ukraine-says-it-destroyed-part-of-armed-vehicles-from-russia.html
The market reacted sharply down after this news came out.
INDUSTRIAL PRODUCTION (Reuters)
“U.S. industrial production edged higher in July, as
production of auto parts and motor vehicles
jumped 10.1 percent, according to data released by the Federal Reserve on
Friday. Industrial production rose 0.4 percent, which was
unchanged from June. The June increase was previously reported at 0.2 percent.”
Details at…http://www.reuters.com/article/2014/08/15/us-usa-economy-industrialoutput-idUSKBN0GF15A20140815
PRODUCER PRICE INDEX (Briefing.com)
“Producer prices increased 0.1% in July after increasing
0.4% in June. The Briefing.com consensus expected the PPI to increase 0.2%. Excluding
food and energy, core PPI rose 0.2% for a second consecutive month. The
consensus expected these prices to increase 0.2%....Pipeline pressures have not
intensified, and headline producer price growth are likely to remain weak.”
Charts and more at…https://www.briefing.com/Investor/Calendars/Economic/Releases/ppi.htm
MICHIGAN SENTIMENT (Advisory Perspectives)
“The Preliminary University of Michigan Consumer
Sentiment for August came in at 79.2, a decline from the July final of 81.8 and
the lowest reading since November of last year. Today's number came in below
the Investing.com forecast of 82.5.” –Doug Short. Story at…http://www.advisorperspectives.com/dshort/updates/Michigan-Consumer-Sentiment-Index.php
