| The KUIK Morning Market Report for Monday, February 16: | |||||||
| Markets are closed in honor of President’s Day. | |||||||
| The Stoxx Europe 600 index fell 0.3% to 376, pulling back after posting a 1% gain last week. Greece’s Athex Composite index fell 3.9% to 859, with banks posting the biggest losses. Greece is in the spotlight as European finance ministers prepare to meet in Brussels to discuss the new Greek government’s demand to change the terms of its bailout program. Greek Prime Minister Alexis Tsipras has refused to ask for an extension of the current rescue plan — which expires at the end of the month — unless Greece’s lenders agree to smaller debt repayments and less austerity. Earlier negotiations ended in deadlock, raising fears that Greece could end up leaving the eurozone. | |||||||
| The Federal Aviation Administration has proposed new rules for commercial drones. The new policy would replace the current near-ban on flying drones for commercial purposes with a simple approval process for operators governing commercial flight of any drone up to 55 pounds. Operators would only have to pass a written exam on FAA rules to obtain a certificate for flying, and comply with safety requirements. The test would be passed every two years. Safety requirements would limit commercial drone flights to below 500 feet, during daytime hours, and within sight of the operator. The rule would also ban flying commercial drones near airports or over people not involved in the drone’s flight. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-slip-ahead-of-greek-decision-time-2015-02-16 | |||||||
| http://www.marketwatch.com/story/faa-proposes-rules-for-commercial-drone-flights-2015-02-16 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||