| The KUIK Morning Market Report for Friday, January 25: | |||||||
| Markets are up at the open. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 27 | points | 13,855 | 7:02 AM | ||
| S&P500 | Up | 0.3% | percent | 1,500 | 4.84 | points | |
| Nasdaq Composite | Up | 0.6% | percent | 3,148 | 17.71 | points | |
| 30 Year Treasury | Up | 7 | Basis Points | 3.11 | Annual Yield | ||
| Treasury prices dropped and yields are up on news that European banks will start repaying a larger-than-expected portion of the cheap, three-year loans provided by the European Central Bank. The ECB said the banks would repay €137.2 billion, or 30%, of the loans made in the December 2011 long-term refinancing operation It’s as an important sign of improvement in the European banking system. | |||||||
| European investors also focused on the latest data from Germany. The Munich-based Ifo Institute’s January business-climate index make an unexpectedly strong jump to 104.2 from 102.4 in December, signaling that the contraction in the fourth-quarter may have ended. | |||||||
| President Obama is expected today to name Denis McDonough as White House chief of staff, replacing Jacob Lew, who Obama has tapped to become the next Treasury Secretary. McDonough has been a key national security deputy at the White House for the past two years. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/treasurys-drop-as-banks-to-start-repaying-ecb-cash-2013-01-25 | |||||||
| http://www.marketwatch.com/story/europe-stocks-rise-ahead-of-bank-loan-announcement-2013-01-25 | |||||||
| http://www.marketwatch.com/story/obama-to-pick-mcdonough-as-chief-of-staff-reports-2013-01-25?link=MW_Nav_NV | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||