Morning Market Report 6/22/2015

The KUIK Morning Market Report for Monday, June 22:
Markets are up.
Index Direction Change Units Time Change
Dow Down                     98 points           18,115 6:50 AM
S&P500 Up 0.7% percent            2,124            13.66
Nasdaq Composite Up 0.6% percent            5,149            32.32
30 Year Treasury Up                       4 Basis Points              3.10 Annual Yield
The U.S. economy ran below trend in May, according to the Chicago Fed’s national activity index. The index is a weighted average of 85 economic indicators. It edged up to negative 0.17 from negative 0.19, and the three-month average edged up to negative 0.16 from negative 0.20. A zero reading shows the U.S. economy is running at its trend rate of growth, and readings in the three-month average below negative 0.70 indicate a recession has probably begun.
The Stoxx Europe 600 jumped 1.9% to 392.82, with all sectors advancing, led telecommunications. Greek stocks are higher, with the Athex Composite up 8.6% to 746.08, and Greek bond prices rose, pushing yields lower. The yield on Greek 2-year government debt fell 4.5 percentage points to 25.25%. The moves comes on a busy day for Greek and European officials, who will work during a number of meetings on a deal to steer Greece from default .
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/us-economy-still-running-below-trend-in-may-chicago-fed-indicator-shows-2015-06-22
http://www.marketwatch.com/story/hopes-for-greek-deal-fuel-european-rally-2015-06-22
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