| The KUIK Morning Market Report for Monday, October 19: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (34) | points | 17,182 | 7:05 AM | ||
| S&P500 | Down | -0.2% | percent | 2,029 | (4.14) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,893 | 5.93 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.88 | Annual Yield | ||
| China’s economic growth slowed to 6.9% in the third quarter, falling below 7% for the first time since 2009, accordng to the National Bureau of Statistics. Even though economists expected 6.8%, It raises concerns that a slowdown in China will continue to hurt global growth and that the government measures has not improved the economy. Quarterly growth was 1.8% on a seasonally adjusted basis, compared with a 1.7% expansion in the second quarter. | |||||||
| The Stoxx Europe 600 rose 0.6% to 365.26. All sectors were higher except for the basic materials and oil and gas. Commodity stocks were hurt after the report from China, a major market for metals and energy products. November crude was off 1% to $46.01, and prices for gold, copper, and other metals were weighed by concerns about softer demand. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinas-economic-growth-slows-to-69-2015-10-19 | |||||||
| http://www.marketwatch.com/story/european-stocks-eye-third-straight-win-but-commodities-shares-take-china-hit-2015-10-19 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||