Morning Market Report 11/11/2015 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Wednesday, November 11:

Markets are down.

Index	Direction	Change	Units		Time	Change
Dow	Down	(14)	points	17,744	7:05 AM
S&P500	Down	-0.1%	percent	2,080		(1.31)
Nasdaq Composite	Down	-0.1%	percent	5,077		(6.08)
30 Year Treasury	Up	2	Basis Points	3.11	Annual Yield

American Petroleum Institute yesterday said U.S. stockpiles likely rose by 6.3 million barrels in the week ending November 6, much larger than the 1.1 million expansion estimated by a Wall Street Journal poll. The official figures will be released by the Energy Information Administration on Thursday. December crude is off almost 1% to $43.86 a barrel on the New York Merc.

Copper prices are near their lowest levels since 2009, and that may be a telling sign about the state of the global economy, especially China. As the world’s No. 2 economy, China is one of the biggest importers of metals, like copper. China represents 40% of global demand. Copper is a key component in manufacturing everything from electronics to cars and other industrial goods. Copper prices have fallen 22% this year.

Tuesday’s auction of $24 billion in 10-year Treasury notes saw strong foreign demand, which pushed Treasury prices higher and drove yields lower. The driver of this jump in demand is monetary policy divergence. The Federal Reserve is on track to tighten monetary conditions while the rest of the world continues to ease



Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/oil-prices-under-pressure-as-investors-brace-for-rising-stockpiles-2015-11-11
http://www.marketwatch.com/story/what-falling-copper-prices-say-about-the-world-economy-2015-11-11?dist=markets
http://www.marketwatch.com/story/foreign-investors-flock-to-us-treasurys-betting-on-policy-divergence-2015-11-11?dist=markets


For today’s Morning Market Report click to listen->