| The KUIK Morning Market Report for Friday, March 29: | |||||||
| Markets are closed in honor of Good Friday. | |||||||
| The Commerce Department reports consumer spending rose 0.7% in February to mark the fourth straight increase, though a large chunk of the money went to pay for higher gasoline prices. Personal income climbed even faster at 1.1% and inflation-adjusted disposable income advanced 0.7%. | |||||||
| The US dollar is steady. The euro dropped about 2% versus the dollar over the course of March as it revisited November lows, and fell 2.8% in the first quarter. | |||||||
| The University of Michigan-Thomson Reuters consumer-sentiment gauge rose to a final March reading of 78.6 — the highest level since November — from a final February reading of 77.6. Economists polled by MarketWatch had expected 73, with consumers concerned about the government’s economic policies. The preliminary March reading was 71.8. While stock prices have been rising, consumers also worried over the large federal spending cuts making up the sequester. The sentiment gauge, which covers how consumers view their personal finances as well as business and buying conditions, averaged about 87 in the year before the start of the most recent recession. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-consumer-spending-climbs-07-in-february-2013-03-29 | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-26885/ | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-rises-in-march-2013-03-29 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||