| The KUIK Morning Market Report for Wednesday, September 24: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 2 | points | 17,057 | 7:02 AM | ||
| S&P500 | Down | -0.1% | percent | 1,982 | (0.92) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,512 | 2.94 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.25 | Annual Yield | ||
| German business confidence fell further in September, evidence that Europe’s largest economy is under pressure. The Ifo business-climate index for September dropped to 104.7, missing forecasts for a 105.8 reading, according to Dow Jones. Germany’s DAX 30 fell 0.2% to 9,579. The report comes a day after manufacturing data for the country showed growth in factory activity fell to a 15-month low in September. | |||||||
| Bloomberg reports Federal Reserve officials have warned banks that they may have to hold more capital to offset against a rising numberof high-risk, high-yield loans on their balance sheet. Banks have arranged around the sale of around $411 billion of leveraged loans to investors so far this year, versus a record $696 billion for 2013. Regulators boosted scrutiny of banks after 2013 guidance issued by the Fed failed to curb volume or improve credit standards. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/ifo-shows-german-business-confidence-continues-to-slide-2014-09-24 | |||||||
| http://www.marketwatch.com/story/fed-warns-banks-against-rising-high-risk-high-yield-loans-bloomberg-2014-09-24?dist=markets | |||||||
| http://www.bloomberg.com/news/2014-09-24/yellen-warns-on-market-calm-before-considerable-time-up.html | |||||||
| For today’s Morning Market Report click to listen-> | |||||||