| The KUIK Morning Market Report for Monday, April 20: | |||||||
| Markets are up after Friday’s big selloff. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 228 | points | 18,054 | 7:00 AM | ||
| S&P500 | Up | 0.9% | percent | 2,101 | 19.42 | ||
| Nasdaq Composite | Up | 0.9% | percent | 4,976 | 44.48 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.54 | Annual Yield | ||
| The U.S. economy will improve after first quarter weakness and inflation will begin to firm later this year, according to William Dudley, president of the New York Fed. In remarks to be delivered to a monetary policy forum sponsored by Bloomberg, Dudley said the weak growth in the first three months of this year was likely due to winter weather and bottlenecks at the West Coast ports. And that the impact from the decline in energy prices that has brought down overall inflation is probably over. | |||||||
| European Central Bank President Mario Draghi rejected speculation that Greece may be forced to abandon the euro. At a news conference on Saturday during meetings of the International Monetary Fund, Draghi said he stood by a comment he made in August 2012 that the euro “cannot be reversed.” Concerns have increased in financial markets that Greece might not be able to come to an agreement with its international creditors to release billions of euros in bailout money that Athens needs to repay the IMF and redeem bonds held by the central bank later this year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-dudley-sees-economy-improving-inflation-picking-up-2015-04-20 | |||||||
| http://www.marketwatch.com/story/ecbs-draghi-rejects-talk-of-greek-exit-2015-04-18-16103656 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||