| The KUIK Morning Market Report for Wednesday, July 29: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 29 | points | 17,659 | 6:59 AM | ||
| S&P500 | Up | 0.2% | percent | 2,097 | 3.67 | ||
| Nasdaq Composite | Down | 0.0% | percent | 5,088 | (0.91) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.98 | Annual Yield | ||
| The Stoxx Europe 600 was up 0.3% to 391.09, with only the industrial sector having a small pullback. The index rose 1.1% yesterday, partially recovering from the China-led global selloff on Monday. | |||||||
| The Federal Open Market Committee winds up its two day meeting today. There will be a closely watched statement from Fed Chairman Janet Yellen, on monetary policy. The statement is due at 11 a.m Pacific time time, amid continued debate about when the central bank will begin raising rates. There will not be a press conference. | |||||||
| The Bank of Russia today said it has suspended daily purchases of U.S. dollars for its reserves since yesterday as the ruble dropped to five-month lows, threatening to spur already stubbornly high inflation. The ruble fell 60 against the dollar and 67 against the euro for the first time since March. The drop is driven by a slump in global oil prices, seems set to scuttle hopes for big cuts to the central bank’s lending rates this year to revive the country’s shrinking economy. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-step-up-as-investors-wait-for-fed-2015-07-29 | |||||||
| http://www.marketwatch.com/story/european-stocks-step-up-as-investors-wait-for-fed-2015-07-29 | |||||||
| http://www.marketwatch.com/story/bank-of-russia-halts-dollar-buys-as-ruble-slides-2015-07-29 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||