| The KUIK Morning Market Report for Thursday, March 5: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 42 | points | 18,139 | 7:00 AM | ||
| S&P500 | Up | 0.2% | percent | 2,102 | 3.32 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,983 | 16.13 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.70 | Annual Yield | ||
| New applications for unemployment benefits jumped up to 320,000 in the week ended February 28, fort the highest level since last May. Economists expected a seasonally adjusted 301,000. Continuing claims increased by 17,000 to a seasonally adjusted 2.42 million in the week ended February 21. | |||||||
| China started its National People’s Congress, China’s annual legislative session. Premier Li Keqiang’s spoke on the economy and targeted 7% annual growth, down from last years goal of 7.5%. That was expected on sluggish domestic demand and a slow recovery in the global economy. China will raise its military spending by about 10.1% this year, suggesting that the economic slowdown will have limited impact on modernization plans that include new submarines, aircraft carriers, and stealth fighters. | |||||||
| Mario Draghi, president of the European Central Bank held a news conference today announcing the start of the trillion-dollar plan to purchase government bonds starting March 9. He said the ECB is willing to buy government bonds with negative yields, but only down to negative 0.2%, the central banks deposit rate. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-jump-to-320000-highest-level-since-last-may-2015-03-05 | |||||||
| http://www.marketwatch.com/story/china-lowers-growth-target-to-about-7-2015-03-04-191032533 | |||||||
| http://www.marketwatch.com/story/draghi-the-ecb-wont-buy-bonds-with-yields-lower-than-deposit-rate-2015-03-05?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||