| The KUIK Morning Market Report for Wednesday, August 27: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 6 | points | 17,113 | 6:56 AM | ||
| S&P500 | Down | 0.0% | percent | 2,000 | (0.06) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,566 | (4.72) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.14 | Annual Yield | ||
| Expectations for further easing from the European Central Bank are driving bond markets higher with yields on German, Italian and Spanish government bonds dropping to record lows. Speculation that the ECB could launch a quantitative easing program started last Friday, when the central bank’s president, Mario Draghi, hinted that more stimulus measures could be needed to fight deflation. The Stoxx Europe 600 index closed yesterday up 0.1% to 343.27, the highest level since late July. | |||||||
| Rep. Sander Levin, the top Democrat on the House Ways and Means Committee, says the recent spate of tax inversions like Burger King’s deal to buy Tim Hortons and become a Canadian company shows the need for comprehensive tax reform, but that Washington shouldn’t wait to head off what he calls unfair deals. Recognizing the difficulty of passing anti-inversion legislation through the divided Congress just before midterm elections, the White House has been considering executive action to deter the practice. Levin says the Obama administration hasn’t reached a conclusion yet but is studying alternatives. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/german-bond-yields-fall-to-record-lows-on-easing-hopes-2014-08-27?dist=markets | |||||||
| http://www.marketwatch.com/story/iron-is-hot-for-washington-to-act-on-inversions-levin-says-2014-08-26 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||