| The KUIK Market Update for Tuesday, December 16: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 85 | points | 17,266 | 7:59 AM | ||
| S&P500 | Up | 0.5% | percent | 1,999 | 9.00 | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,603 | (2.08) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.71 | Annual Yield | ||
| Russia is roiling the markets. In a surprise move, the Russian Central Bank raised its key interest rate to 17% up from 10.5%. That’s the biggest bump since Russian defaulted on government debt back in 1998. The Stoxx Europe 600 index fell 0.9% to 322.47, with banks, energy and consumer goods shares under pressure. Pressuring Russia is the big drop in oil prices. February brent crude-oil futures fell more than 3%, trading below $59 a barrel for the first time since mid-2009. February West Texas Intermediate crude also lost more than 3%, falling below $54 a barrel. | |||||||
| Construction starts on new U.S. homes fell 1.6% in November, led down by single-family homes, signaling some market shakiness, according to the Commerce Department. Housing starts fell to 1.03 million annually in November down from 1.05 million in October. The November starts rate for single-family homes fell 5.4% from October’s pace, which was the fastest since 2008. Buildings with at least five units rose 7.6%. Economists pexpected an overall November starts rate of 1.04 million, compared with an original estimate of 1.01. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/putins-shock-and-awe-puts-the-markets-on-high-alert-2014-12-16 | |||||||
| http://www.marketwatch.com/story/single-family-home-building-slows-in-november-2014-12-16 | |||||||
| For today’s Market Update Report click to listen-> | |||||||