| The KUIK Morning Market Report for Tuesday, March 4: | |||||||
| Markets are up strongly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 187 | points | 16,354 | 6:58 AM | ||
| S&P500 | Up | 1.22% | percent | 1,868 | 22.61 | ||
| Nasdaq Composite | Up | 1.51% | percent | 4,342 | 64.53 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.60 | 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. | |||||||
| Guard your bitcoins. Bitcoin prices continued their rise Tuesday, reaching $691.10 on Bitstamp, the highest level since early February. Prices were up 18% yesterday. Flexcoin, which calls itself the bitcoin bank, said 896 bitcoins were stolen from its digital wallet and the company will be shutting down. | |||||||
| 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/bitcoin-prices-approach-700-recover-mt-gox-lows-2014-03-04 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||