Morning Market Report 10/11/2013

The KUIK Morning Market Report for Friday, October 11:
Markets are up.
Index Direction Change Units Last Time Change
Dow Up                     44 points           15,180 7:01 AM
S&P500 Up 0.20% percent             1,696             3.37
Nasdaq Composite Up 0.23% percent             3,769             8.57
30 Year Treasury Down                      (4) Basis Points               3.70 Annual Yield
U.K. stocks look headed for their first weekly gain in three weeks, with risk-sensitive sectors such as banks and mining firms moving up on signs U.S. lawmakers are making progress in solving the budget and debt-ceiling stalemate. The FTSE 100 index climbed 0.7% to 6,476.30, on track for its highest closing level since late September
Oil futures fell after the International Energy Agency predicted strong growth in oil supplies for next year.  The losses reversed  yesterday’s gain.  November crude is off 1.9%, to $101.06 a barrel on the New York Merc. Oil is down 2.7% for the week.
The University of Michigan/Thomson Reuters consumer-sentiment index fell to a preliminary October reading of 75.2 —  lowest since January — from a final September reading of 77.5. Economists expected 75 due to concerns over the government shutdown, the debt ceiling, and stock market volatility. 
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/uk-stocks-flirt-with-two-week-high-2013-10-11
http://www.marketwatch.com/story/oil-dips-as-lawmakers-fail-to-agree-on-deal-2013-10-11
http://www.marketwatch.com/story/consumer-sentiment-falls-in-october-2013-10-11?link=MW_story_latest_news
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