| The KUIK Morning Market Report for Wednesday, September 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 75 | points | 17,143 | 7:00 AM | ||
| S&P500 | Up | 0.2% | percent | 2,007 | 4.66 | ||
| Nasdaq Composite | Unchanged | 0.0% | percent | 4,598 | 0.12 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.19 | Annual Yield | ||
| European stocks climbed Wednesday after Kiev said it had reached a deal with Russia for a cease-fire in eastern Ukraine, though both sides later pulled back on the claim. A Kremlin official said Vladimir Putin had not agreed on a cease-fire, because Russia isn’t a party to the fighting, according to a report from news agency RIA Novosti. | |||||||
| Activity in Europe’s private sector slowed more sharply than first estimated in August, and fell in both France and Italy, indicating that the area is stuck in low growth adding to pressure on the European Central Bank to take measures to boost growth and inflation. Markit’s monthly composite purchasing managers index fell to 52.5 from 53.8 in July, the lowest level so far in 2014, and below the preliminary estimate. | |||||||
| After peaking in 2009, the annual account fees collected at U.S. commercial banks have fallen, even as the volume of bank deposits has increased, according to the Federal Deposit Insurance Corp. The fees have dropped nearly 21% to $32.5 billion last year from $41.1 billion in 2009. The total fees had climbed every year since 1942, when the FDIC started collecting the data. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-climb-on-kievs-claim-of-cease-fire-deal-2014-09-03 | |||||||
| http://www.marketwatch.com/story/euro-zone-pmi-falls-to-lowest-in-2014-2014-09-03 | |||||||
| http://www.marketwatch.com/story/bank-fee-income-in-decline-for-first-time-since-1940s-2014-09-03 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||