| The KUIK Morning Market Report for Wednesday, March 18: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (84) | points | 17,765 | 6:54 AM | ||
| S&P500 | Down | -0.3% | percent | 2,067 | (7.11) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,925 | (12.84) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.58 | Annual Yield | ||
| The Federal Open Market Committee wraps up its two-day meeting today with the release of its policy statement at 11 am Pacific time followed by a press conference from Fed Chairman Janet Yellen at 11:30. While markets will be keying on a single word —whether the U.S. central bank drops its pledge to be “patient” in raising short-term interest rates — the Fed will also comment on the strength of the economy and outlook for inflation. | |||||||
| The inauguration of the European Central Bank’s new headquarters in Frankfurt today was hit by violent anti-austerity demonstrations, with 10,000 people expected to rally in Germany’s financial capital. Three police cars were set on fire and at least eight officers were injured, as protesters threw stones and smashed windows after authorities erected barbed-wire barricades in a security zone around the skyscraper. Blockupy — the organizers behind the protest — accuse the police of fueling the violence and setting up a “civil war-type scenario” according to German broadcaster Deutsche Welle. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/heres-what-to-watch-from-the-fed-this-week-2015-03-16 | |||||||
| http://www.marketwatch.com/story/blockupy-anti-austerity-protest-turns-violent-at-ecb-headquarter-opening-2015-03-18 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||