| The KUIK Morning Market Report for Tuesday, December 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 64 | points | 17,841 | 7:08 AM | ||
| S&P500 | Up | 0.4% | percent | 2,062 | 8.65 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,751 | 23.43 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.00 | Annual Yield | ||
| The Federal Reserve is closer to getting rid of its forward guidance that interest rates would be kept close to zero for a “considerable time,” according to Vice Chairman Stanley Fischer today. In an appearance at a meeting in Washington, Fischer would not comment on whether the forward guidance would be changed at the next policy meeting in two weeks, but he said that continued labor market improvement and some signs that inflation is stirring would be enough for the Fed to lift interest rates. If inflation moves lower, then the Fed will take that into account, | |||||||
| In Europe, weak oil prices drove down producer prices 0.4%,for their biggest drop in a year and below expectations. | |||||||
| U.S. home prices rose 0.5% in October, pulling annual growth up to 6.1%, the fastest year-over-year pace since July, according to CoreLogic. Nine states have record-high home prices: Colorado, Louisiana, Nebraska, New York, North Dakota, South Dakota, Tennessee, Texas and Wyoming. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-closer-to-getting-rid-of-considerable-time-language-fischer-2014-12-02 | |||||||
| http://www.marketwatch.com/story/another-chart-piling-pressure-on-ecb-producer-prices-slide-most-in-a-year-2014-12-02 | |||||||
| http://www.marketwatch.com/story/27-states-on-track-to-hit-or-pass-bubble-era-home-price-peaks-soon-2014-12-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||