| The KUIK Morning Market Report for Tuesday, September 30: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (49) | points | 17,022 | 7:02 AM | ||
| S&P500 | Down | -0.4% | percent | 1,971 | (6.85) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,486 | (19.72) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.18 | Annual Yield | ||
| The annual rate of inflation in Europe fell below the European Central Bank’s target of just below 2% in September, and to its lowest level since October 2009. That’s a setback to the ECB. Earlier this month it launched a series of measures designed to boost growth and increase inflation. Eurostat reports that the jobless rate in Europe was unchanged at 11.5% in August, while the number of unemployed fell by 137,000, to 18.35 million. | |||||||
| U.S. home prices rose 0.6% in July, slower than the 1% rise in June, according to the S&P/Case-Shiller 20-city composite index. Among the cities tracked, all but San Francisco had higher home prices in July, led by New York. A drop of 0.4% drop in San Francisco was the city’s weakest result since February 2012. After seasonal adjustments, home prices fell 0.5% in July for the biggest drop since October 2011. Annual growth also slowed down, with year-over-year home prices rising 6.7% in July — the slowest pace since late 2012 — compared with annual growth of 8.1% in June. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/eurozone-inflation-hits-five-year-low-in-september-2014-09-30?dist=beforebell | |||||||
| http://www.marketwatch.com/story/us-home-prices-rise-06-in-july-2014-09-30 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||