| The KUIK Morning Market Report for Monday, June 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | 98 | points | 18,115 | 6:50 AM | ||
| S&P500 | Up | 0.7% | percent | 2,124 | 13.66 | ||
| Nasdaq Composite | Up | 0.6% | percent | 5,149 | 32.32 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.10 | Annual Yield | ||
| The U.S. economy ran below trend in May, according to the Chicago Fed’s national activity index. The index is a weighted average of 85 economic indicators. It edged up to negative 0.17 from negative 0.19, and the three-month average edged up to negative 0.16 from negative 0.20. A zero reading shows the U.S. economy is running at its trend rate of growth, and readings in the three-month average below negative 0.70 indicate a recession has probably begun. | |||||||
| The Stoxx Europe 600 jumped 1.9% to 392.82, with all sectors advancing, led telecommunications. Greek stocks are higher, with the Athex Composite up 8.6% to 746.08, and Greek bond prices rose, pushing yields lower. The yield on Greek 2-year government debt fell 4.5 percentage points to 25.25%. The moves comes on a busy day for Greek and European officials, who will work during a number of meetings on a deal to steer Greece from default . | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-still-running-below-trend-in-may-chicago-fed-indicator-shows-2015-06-22 | |||||||
| http://www.marketwatch.com/story/hopes-for-greek-deal-fuel-european-rally-2015-06-22 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||