| The KUIK Morning Market Report for Tuesday, March 17: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (171) | points | 17,800 | 6:56 AM | ||
| S&P500 | Down | -0.6% | percent | 2,070 | (11.35) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,919 | (10.75) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.64 | Annual Yield | ||
| The Commerce Department reports housing starts fell to an annual rate of 897,000 in February dwon from a revised 1.08 million in January. Economists expected a seasonally adjusted 1.03 million. New construction in the Northeast fell 56% for lowest rate since 2009. Starts also fell 37% in the Midwest. Permits for new construction, a sign of future demand, rose to an annual rate of 1.09 million from January’s upwardly revised level of 1.06. The rise in permits is a sign that builders plan to ramp up construction when the weather warms up and the spring buying season kicks in. | |||||||
| European Central Bank President Mario Draghi said today at a finance conference in Frankfurt that an economic recovery is taking hold in Europe thanks in part to the bank’s stimulus, and he urged governments to use the brighter outlook to advance reforms that would improve the region’s long-term growth prospects. Draghi also called on Europe’s leaders to make a “quantum leap” toward greater sharing of national sovereignty to strengthen the rules governing the 19-member currency bloc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-sink-17-in-february-owing-to-heavy-snow-2015-03-17 | |||||||
| http://www.marketwatch.com/story/ecb-president-draghi-says-eurozone-recovery-is-taking-hold-2015-03-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||