| The KUIK Morning Market Report for Friday, August 22: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (4) | points | 17,036 | 7:03 AM | ||
| S&P500 | Down | -0.1% | percent | 1,990 | (2.05) | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,530 | (1.80) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.19 | Annual Yield | ||
| European stock markets moved broadly lower today after a Russian aid convoy drove into Ukraine, increasing tensions in the region. A senior Ukraine official said the 34 Russian trucks carrying humanitarian aid passed the border without permission. The Stoxx Europe 600 index SXXP, fell 0.3% to 336.49, but still up 2.1% for the week. | |||||||
| Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said the central bank should change its language to recognize improvement in the economy. In an interview with the Fox Business Network on Friday, Plosser said that the economy is improving at a faster pace than the Fed thought it would just last year, so the Fed should shift its guidance to markets on the timing of a rate hike. | |||||||
| Investors poured money back into junk bond funds last week after pulling money in July and August. $2.2 billion flowed back into junk bond funds, including $1.6 billion into mutual funds and $600 million into exchange-traded funds, during the week ended August 20 according to the latest data from Lipper. That’s the biggest inflow so far in 2014. The average premium over U.S. Treasurys 3.64%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-plosser-fed-should-signal-potentially-earlier-rate-hikes-2014-08-22-8911249 | |||||||
| http://www.marketwatch.com/story/renewed-ukraine-tensions-push-european-stocks-in-the-red-2014-08-22?dist=markets | |||||||
| http://www.marketwatch.com/story/junk-bond-funds-see-biggest-weekly-inflow-of-2014-2014-08-22?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||