| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Thursday, July, 5. | |||||||
| Markets are down this morning. | |||||||
| Index | Direction | Change | Units | Last | 7:45 AM | ||
| Dow | Down | (48) | points | 12,896 | |||
| S&P500 | Down | -0.41% | percent | 1,368 | |||
| Nasdaq Composite | Down | -0.03% | percent | 2,975 | |||
| 30 Year Treasury | Down | (3.2) | basis points | 2.71 | |||
| European Central Bank President Mario Draghi said there are downside risks to euro-area growth. Estimates for the second quarter point to weakened growth and heightened uncertainty. Inflation should be low. The ECB on cut its benchmark lending rate by a quarter of a percentage point to a record-low 0.75% as expected. It also lowered the deposit rate to zero. | |||||||
| U.S. services activity slowed in June to the weakest level since January 2010, according to the Institute for Supply Management. The ISM services index fell to 52.1% from 53.7% in May, which was worse than the 52.9% economists expected. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/draghi-sees-more-downside-risk-for-europe-growth-2012-07-05 | |||||||
| http://www.marketwatch.com/story/us-june-services-activity-slowest-since-jan-10-2012-07-05 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||