| The KUIK Morning Market Report for Monday, March 30: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 258 | points | 17,970 | 7:05 AM | ||
| S&P500 | Up | 1.0% | percent | 2,082 | 21.18 | ||
| Nasdaq Composite | Up | 0.9% | percent | 4,934 | 43.08 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.54 | Annual Yield | ||
| The Commerce Department reports consumer purchases edged up a scant 0.1% last month after two straight drops. Economists expected a seasonally adjusted 0.3% gain. Softer auto sales and harsh winter weather probably kept spending down, though Americans spent more on gasoline for the first time in months. Personal incomes rose 0.4% for the fourth time in five months, evidence that companies may be offering higher wages to attract workers. The savings rate climbed for the third straight month to 5.8%, the highest level since the end of 2012. Inflation rose 0.2% in February and is up just 0.3% in the past 12 months. | |||||||
| China’s central bank governor said Sunday that the U.S. dollar could grow “too strong” and prompt capital flows out of China and other nations. Speaking at an annual forum in the Chinese city of Boao, People’s Bank of China Gov. Zhou Xiaochuan said monetary easing by major central banks was driving up the U.S. currency, and that he saw “more room” for China to further ease policy if the economy remains soft and inflation continues to weaken, according to Reuters. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-spending-rises-scant-01-in-february-2015-03-30 | |||||||
| http://www.marketwatch.com/story/china-central-bank-chief-warns-of-us-dollar-strength-2015-03-29 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||