The KUIK Morning Market Report for Tuesday, October 13: |
|
Markets are down. |
|
Index |
Direction |
Change |
Units |
|
Time |
Change |
|
Dow |
Down |
(32) |
points |
17,100 |
7:51 AM |
|
|
S&P500 |
Up |
0.0% |
percent |
2,018 |
|
0.45 |
|
Nasdaq Composite |
Up |
0.1% |
percent |
4,845 |
|
5.99 |
|
30 Year Treasury |
Down |
(2) |
Basis Points |
2.90 |
Annual Yield |
|
|
|
In its monthly oil market report, the Intrnational Energy Administraton cut its forecast for oil demand growth for next year by about 200,000 barrels a day compared to its September report. It now sees world oil consumption rising by 1.2 million barrels a day in 2016, compared to a five-year-high growth of 1.8 million in 2015. Iran’s production could ramp up towards 3.6 million barrels a day from 2.9 million currently once sanctions end next year. |
|
Small-business owners aren’t very optimistic about the next few months. A increasing number expect sales to decline and the highest share since 2007 say they cannot find qualified workers. The National Federation of Independent Business said its small business optimism index edged up 0.2 in September to 96.1, below the 42-year average of 98. “Small business optimism continues to be stagnant, which is consistent with the expected economic growth of about 2.5%,” NFIB chief economist William Dunkelberg said. |
|
|
|
|
|
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
|
http://www.marketwatch.com/story/iea-warns-oil-supply-glut-will-stay-in-2016-2015-10-13 |
http://www.marketwatch.com/story/small-businesses-still-not-very-optimistic-nfib-says-2015-10-13 |
|
|
|
For today’s Morning Market Report click to listen-> |
|