| The KUIK Morning Market Report for Tuesday, July 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Up | 55 | points | 15,029 | 6:56 AM | ||
| S&P500 | Up | 0.37% | percent | 1,621 | |||
| Nasdaq Composite | Up | 0.39% | percent | 3,447 | |||
| 30 Year Treasury | Down | (1) | Basis Points | 3.48 | Annual Yield | ||
| The Federal Reserve will approve a proposal to implement a global agreement on bank capital buffers known as Basel III, including a measure that would establish limits on a big bank’s capital distributions and bonus payments if the institution doesn’t have common stock safeguards. The rules are a response to the financial crisis of 2008. The are supposed to ensure large institutions are cushioned against future financial shocks. Nearly 100 banks will have to $4.5 billion in capital by 2019, according to the Fed. Regulators eliminated a provision that would have required large institutions to give higher risk weighting to subprime mortgages. | |||||||
| Corelogic reports home prices, including distressed sales, rose 2.6% in May, and were up 12.2% from a year ago, the largest annual growth since February 2006. Excluding short sales and other distressed properties, prices rose 2.3% in May, and were up 11.6% from May 2012. | |||||||
| Oil is up on worries over turmoil in Egypt. August crude is up 0.8%, to $98.80 a barrel on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/home-price-growth-fastest-in-seven-years-2013-07-02 | |||||||
| http://www.marketwatch.com/story/oil-prices-pull-back-before-supply-data-2013-07-01?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||