| The KUIK Morning Market Report for Wednesday, November 13: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (48) | points | 15,704 | 6:59 AM | ||
| S&P500 | Down | -0.27% | percent | 1,763 | (4.69) | ||
| Nasdaq Composite | Down | -0.14% | percent | 3,914 | (5.50) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.83 | Annual Yield | ||
| Copper futures, which are a leading global economic indicator, fell on concerns about the pace of Chinese economic growth and Federal Reserve bond buying tapering, while gold futures managed a modest rebound from recent losses. December high-grade copper fell about 2%, in electronic trade to $3.17 a pound, hitting their lowest level since late July. Gold futures rebounded from recent weakness, with the December contract up 0.4%, to $1,276.60 an ounce. | |||||||
| European stocks fell after the Bank of England indicated it could raise interest rates sooner than expected. The Bank of England’s November Inflation Report raised fears the central bank could hike rates as soon as the first quarter of 2015 because the UK unemployment rate could reach its 7% target. The FTSE 100 index dropped 1.2% to 6,649.40, forr its lowest close in three weeks. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/gold-dips-further-on-fresh-taper-fears-2013-11-13 | |||||||
| http://www.marketwatch.com/story/uk-stocks-slide-ahead-of-inflation-report-2013-11-13 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||