| The KUIK Morning Market Report for Tuesday, October 8: | |||||||
| Markets opened down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (19) | points | 14,917 | 6:52 AM | ||
| S&P500 | Down | -0.17% | percent | 1,673 | (2.83) | ||
| Nasdaq Composite | Down | -0.27% | percent | 3,760 | (10.12) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.71 | Annual Yield | ||
| The International Monetary Fund cut its forecast for world output in 2013 to 2.9%, compared to 3.2% in July and the global economy is expected to strengthen to a 3.6% rate in 2014, not the 3.8% rate previously expected. The IMF also lowered U.S. GDP forecasts to 1.6% in 2013 and 2.6% in 2014, compared with the July estimate of 1.7% and 2.8% due to tighter fiscal policy. Growth in the European Union was expected to improve to 1.3% in 2014 after being flat this year. Growth forecast for China have been reduced to 7.5% for 2013-2014 from 7.75%. | |||||||
| Small-business sentiment edged lower in September on a big drop in the percentage who expect the economy to improve according to the National Federation of Independent Busines. The NFIB small-business optimism index fell to 93.9 from a corrected 94.1 in August. The pessimism on the economy offset more business owners expecting higher sales. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/downside-risks-building-in-global-economy-imf-2013-10-08 | |||||||
| http://www.marketwatch.com/story/nfib-small-business-optimism-eases-in-september-2013-10-08 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||