| The KUIK Morning Market Report for Tuesday, December 16: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (52) | points | 17,129 | 7:11 AM | ||
| S&P500 | Down | -0.4% | percent | 1,981 | (8.30) | ||
| Nasdaq Composite | Down | -0.7% | percent | 4,571 | (34.27) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.71 | Annual Yield | ||
| Russia is roiling the markets. In a surprise move, the Russian Central Bank raised its key interest rate to 17% up from 10.5%. That’s the biggest bump since Russian defaulted on government debt back in 1998. The Stoxx Europe 600 index fell 0.9% to 322.47, with banks, energy and consumer goods shares under pressure. Pressuring Russia is the big drop in oil prices. February brent crude-oil futures fell more than 3%, trading below $59 a barrel for the first time since mid-2009. February West Texas Intermediate crude also lost more than 3%, falling below $54 a barrel. | |||||||
| The Markit Economics flash manufacturing purchasing managers index for the U.S. fell to 53.7 in December dwon from 54.8 in November, weakest reading in 11 months, although above 50 indicates expansion. | |||||||
| The Commerce Department reports construction starts on new U.S. homes fell 1.6% in November to an annual pace of 1.03 from 1.05 million in October. Economists expected 1.04 million. November starts 5.4% from October, which was the fastest since 2008. Starts for apartments rose 7.6%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/putins-shock-and-awe-puts-the-markets-on-high-alert-2014-12-16 | |||||||
| http://www.marketwatch.com/story/us-markit-flash-pmi-falls-to-537-in-december-2014-12-16-9915114 | |||||||
| http://www.marketwatch.com/story/single-family-home-building-slows-in-november-2014-12-16 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||