Morning Market Report 2/25/2014

The KUIK Morning Market Report for Tuesday, February 25:
Markets are down.
Index Direction Change Units Last Time Change
Dow Down                    (54) points           16,152 6:58 AM
S&P500 Down -0.32% percent             1,842            (5.99)
Nasdaq Composite Down -0.27% percent             4,281           (11.65)
30 Year Treasury Down                      (3) Basis Points               3.68 Annual Yield
U.S. home prices ticked down 0.1% in December, declining for a second month, with 11 of 20 tracked cities posting drops,  according to the S&P/Case-Shiller’s 20-city composite index. After seasonal adjustments, home prices in December rose 0.8%, down a bit from 0.9% in November. Home prices are up 13.4% from December 2012, the fastest growth since 2005, supported by a low inventory of homes available for sale. Including December, prices are still about 20% below a 2006 peak, though some cities, including Dallas and Denver, recently posted fresh record highs.
European Union economists on forecast tepid growth for most of the region through 2015, while warning that lingering debt burdens and deflation can wreck the recovery.  They expect 1.2% growth in 2014 and 1.8% for 2015, after two consecutive years of contraction.  The expect unemployment, to stay near record highs of 12% in 2014 and 11.7% in 2015. 
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/us-home-prices-decline-01-in-december-2014-02-25
http://www.marketwatch.com/story/eu-forecasts-weak-growth-warns-about-deflation-2014-02-25
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