| The KUIK Morning Market Report for Tuesday, January 20: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (46) | points | 17,465 | 7:09 AM | ||
| S&P500 | Down | -0.2% | percent | 2,016 | (3.41) | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,634 | (0.56) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.39 | 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%. | |||||||
| German business sentiment rose for the third consecutive month in January, spurred by a weaker euro and low oil prices in the eurozone’s biggest economy. The ZEW sentiment indicator rose to 48.4 points, the highest reading since February 2014, exceeding expectations of 40.3 in a poll of 17 economists by The Wall Street Journal. | |||||||
| February gold was up 0.8% to $1,287.40 an ounce on the Comex on that IMF estimate. That is a five month high. | |||||||
| 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 | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-76137/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||