| The KUIK Market Update for Tuesday, January 20: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (112) | points | 17,400 | 8:04 AM | ||
| S&P500 | Down | -0.5% | percent | 2,009 | (10.09) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,612 | (21.90) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.38 | Annual Yield | ||
| The International Monetary Fund cut its outlook for more than a dozen of the world’s largest economies, including slower growth in China. The fund said global growth would be 0.3% lower in 2015 and 2016 than it had previously expected. It now expects the world economy to expand 3.5% this year and 3.7% in 2016. it said sliding oil prices will give global growth a brief jolt, but the benefits won’t be strong enough to keep the world economy out of a deepening long-term rut. It raised its outlook for the U.S. economy for 2015 year by 0.5% to 3.6%, and cut China by 0.5% to 6.3%. | |||||||
| European shares neared multiyear highs in early trading Tuesday, on expectations the European Central Bank will launch a stimulus program of 500 to 750 billions euros this week aimed, at spurring Europe’s ailing economy. In early trade, the Stoxx Europe 600 index added 0.66% to 356. Government bonds in Southern European countries also are close to record highs, driven by expectations that the ECB will announce that it will begin buying them. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/imf-cuts-global-economic-growth-outlook-2015-01-19-221033245 | |||||||
| http://www.marketwatch.com/story/german-business-sentiment-rises-beating-forecast-2015-01-20 | |||||||
| For today’s Market Update Report click to listen-> | |||||||