| The KUIK Market Update for Tuesday, September 22: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (263) | points | 16,248 | 7:56 AM | ||
| S&P500 | Down | -1.6% | percent | 1,936 | (31.47) | ||
| Nasdaq Composite | Down | -1.8% | percent | 4,740 | (88.93) | ||
| 30 Year Treasury | Down | (9) | Basis Points | 2.95 | Annual Yield | ||
| U.S. house prices rose a seasonally adjusted 0.6% in July, according to the Federal Housing Finance Agency. The year-over-year gain was 5.8%. Over 12 months, every region was positive, led by the 9.4% rise in the Mountain region, the weakest was the 2.1% advance in New England. | |||||||
| Worse-than-expected economic growth in the first half for most Asian economies and a delayed global recovery has led the Asian Development Bank to cut its regional forecasts for this year and next. The region’s GDP will grow 5.8% in 2015 and 6.0% in 2016–down in both cases from 6.3% previously forecast–the Manila-based development lender said in a report today. As investor confidence in developing Asia’s growth prospects fades, capital is flowing out–drawn to the U.S., with its prospect of higher interest rates and better growth–and currencies are depreciating, amplifying the troubles for policy makers seeking to shore up growth while maintaining financial stability. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-house-prices-rise-06-in-july-fhfa-says-2015-09-22 | |||||||
| http://www.marketwatch.com/story/asian-development-banks-regional-gloom-deepens-2015-09-22-14854636 | |||||||
| For today’s Market Update Report click to listen-> | |||||||