Wednesday, August 13, 2014

Economic Journal - Wednesday, 8/13/2014



(As of 7:10 am PST)

US stocks have opened higher after a flat day yesterday. Earnings reports are driving markets early while a soft report on retail sales is keeping the lid on the upward momentum. Shares of Amazon are up 3% after the company unveiled a mobile payment service for local businesses. Geopolitical tensions in Ukraine and in the Middle East remain a major risk to the financial markets and will likely prevent any major upside move in the short term.  International markets are higher today. Interest rates are lower as is the US dollar.  Gold is up slightly while is oil is down.  It looks like another quiet day on the markets today. 

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