The KUIK Closing Market Report for Tuesday, December 27:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
11
points
19,945
2:08 PM
S&P500
Up
0.2%
percent
2,269
5.09
Nasdaq Composite
Up
0.5%
percent
5,487
24.75
30 Year Treasury
Up
2
Basis Points
3.14
Annual Yield
Troubled Italian lender Monte dei Paschi remains solvent, a requirement for a government bailout under European Union rules, but its potential capital shortfall has widened to €8.8 billion ($9.2 billion). Monte dei Paschi is the world’s oldest bank and the third-largest in Italy. It said its net liquidity deteriorated rapidly in the three weeks through Dec. 21, dropping 36% to €7.7 billion. The lender confirmed Friday it had requested a bailout after financial markets snubbed its efforts to raise €5 billion ($5.22 billion) to bolster a balance sheet depleted by bad loans.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
