| The KUIK Market Update for Tuesday, March 4: | |||||||
| Markets are up strongly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 192 | points | 16,359 | 7:56 AM | ||
| S&P500 | Up | 1.32% | percent | 1,870 | 24.29 | ||
| Nasdaq Composite | Up | 1.71% | percent | 4,350 | 73.03 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.61 | Annual Yield | ||
| Russian financial markets gained today after President Vladimir Putin said in a news conference that there is “no need yet” to use military force in Ukraine. The Micex stock index is 5% higher, recovering almost half the losses it suffered yesterday when it closed down 11%. The Russian ruble has also made a strong comeback and is now up over 2% from the record low it hit against the dollar yesterday — a slide that prompted the central bank to raise interest rates and sell dollars heavily to try and ease the pressure. The Russian currency has now recovered all the losses it made after tensions escalated over the weekend. | |||||||
| Oil futures HAVE pulled back sharply, after closing at a more than five-month high yesterday. April crude oil fell 1.5%, to $103.37 a barrel on the New York Merc. | |||||||
| Gold prices fell unwinding yesterdays flight to safety buying. April gold is off 1.1%, to $1,336.10 an ounce on the Comex division of the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/russian-stocks-leap-ruble-jumps-as-ukraine-fears-ease-2014-03-04 | |||||||
| http://www.marketwatch.com/story/oil-prices-retreat-from-five-month-high-2014-03-04?dist=markets | |||||||
| http://www.marketwatch.com/story/gold-falls-on-hopes-of-easing-tensions-over-ukraine-2014-03-04 | |||||||
| For today’s Market Update Report click to listen-> | |||||||