| The KUIK Morning Market Report for Tuesday, September 29: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 29 | points | 16,031 | 6:58 AM | ||
| S&P500 | Up | 0.3% | percent | 1,888 | 6.07 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,554 | 10.47 | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 2.87 | Annual Yield | ||
| Home prices were up 0.6% nationwide in August according to the S&P/Case-Shiller 20-city composite. Portland rose 1.3% for August and 8.5% for the year. That beat Seattle up 0.5% for the month and 7.3% for the year. Since the March 2012 lows, the 20-city composite has climbed 35.7%, but it’s still down 12% from 2008 bubble-level highs. | |||||||
| The Stoxx Europe 600 index SXXP fell 0.3% to 340.51, on track for a second straight day of losses. On Monday, it fell 2.2% after downbeat Chinese data brought increased global growth fears and triggered a selloff in commodities. Data out this morning also paints a downbeat picture, with Spanish inflation falling to negative 1.2% in September and missing forecasts of a negative 0.5% reading. In Germany, inflation also missed forecasts. Consumer prices there fell 0.2% in September, the steepest decline since January and reviving concerns Europe is slipping into deflation. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/city-by-city-look-at-us-house-prices-in-july-2015-09-29 | |||||||
| http://www.marketwatch.com/story/stoxx-europe-600-heads-for-lowest-close-since-january-2015-09-29 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||