| The KUIK Morning Market Report for Monday, March 9: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 68 | points | 17,929 | 7:15 AM | ||
| S&P500 | Up | 0.2% | percent | 2,076 | 4.34 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,931 | 3.64 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.80 | Annual Yield | ||
| The European Central Bank started its $65 billion a-month bond-buying program, aimed at lifting inflation and boosting growth in the region. According to Bloomberg, the central bank bought German and Italian debt on its first QE day, as well as Belgian and French securities. Bond yields were down across Europe with the exception of Greece. Eurozone finance ministers gather in Brussels today to discuss the next round of financial aid for the country, but tensions were high before the meeting started. | |||||||
| Credit reporting is getting a makeover.Under an agreement set to be announced today with New York state, the three major credit reporting companies: Equifax, Experian, and TransUnion will be more proactive in resolving disputes over information contained in credit reports. Most changes will be implemented nationally and will kick in over the next six to 39 months. The credit-reporting firms will be required to use trained employees to review the documentation consumers submit when they believe there is an error in their files. If a creditor says its information is correct, an employee at the credit-reporting firm must still look into it and resolve the dispute. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-bond-yields-drop-as-ecb-launches-qe-2015-03-09 | |||||||
| http://www.marketwatch.com/story/credit-reporting-giants-to-change-the-way-they-handle-errors-2015-03-09 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||