| The KUIK Morning Market Report for Wednesday, March 27: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (78) | points | 14,479 | 7:04 AM | ||
| S&P500 | Down | -0.54% | percent | 1,555 | (8.43) | points | |
| Nasdaq Composite | Down | -0.55% | percent | 3,235 | (17.95) | points | |
| 30 Year Treasury | Down | (5) | Basis Points | 3.09 | Annual Yield | ||
| The U.S. dollar gained ground againist other currencies, with the euro tumbling below $1.28 for the first time since November on renewed political turmoil in Italy. Italian Democratic Party Leader Pier Luigi Bersani failed to get support from the anti-establishment Five-Star Movement that would allow his center-left alliance to form a minority government. Bersani said that”only an insane person would want to govern Italy, which is in a mess and faces a difficult year ahead.” | |||||||
| Marketwatch reports Cypriot authorities are expected to announce capital controls. They’ve said that the controls will be “loose” but nationwide as they attempt to stem massive withdrawals in the wake of a bailout agreement that will see uninsured deposits at two of the country’s largest banks subject to 40% haircuts. | |||||||
| Pending sales of homes declined 0.4% in February, while longer-term trends showed continuing growth,according to the National Association of Realtors. The pending-home-sales index decreased to 104.8 in February from 105.2 in January, but was up more than 8% from 96.6 in February 2012. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/dollar-heads-north-against-euro-and-yen-2013-03-27?link=MW_Nav_EP | |||||||
| http://blogs.marketwatch.com/thetell/2013/03/27/cyprus-faces-unprecedented-capital-controls-that-could-last-for-years/ | |||||||
| http://www.marketwatch.com/story/pending-home-sales-decline-in-february-2013-03-27 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||