| The KUIK Morning Market Report for Wednesday, June 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 51 | points | 17,844 | 6:53 AM | ||
| S&P500 | Up | 0.22% | percent | 2,101 | 4.60 | ||
| Nasdaq Composite | Up | 0.29% | percent | 5,070 | 14.74 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.08 | Annual Yield | ||
| Greek Prime Minister Alexis Tsipras on Wednesday reiterated that his government won’t agree to unacceptable creditor demands, saying he’s ready to take responsibility for rejecting a reform deal, according to media reports. Concerns over a “Grexit”, Greece leaving the eurozone, have risen in recent days as the two sides appear to be moving no closer to an agreement. Time is running out on Greece to reach a reform deal with lenders in order to unlock the next portion of bailout funds. If no deal is reached, the debt-laden country is at risk of missing a 1.6 billion euro payment to the International Monetary Fund at the end of the month. | |||||||
| The American Petroleum Institute late yesterday reported that crude supplies fell 2.9 million barrels for the week ended June 12. Analysts surveyed by Platts forecast a 2.4 million-barrel decline. July crude is up 1.3% to $60.79 a barrel in electronic trading. The more closely watched Energy Information Administration report is due out today. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/greek-pm-will-reject-catastrophic-policy-for-greece-2015-06-17 | |||||||
| http://www.marketwatch.com/story/api-data-reportedly-show-us-crude-supply-down-29-million-barrels-2015-06-16 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||