| The KUIK Morning Market Report for Tuesday, October 6: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 46 | points | 16,825 | 7:22 AM | ||
| S&P500 | Down | -0.2% | percent | 1,983 | (4.05) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,755 | (25.79) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.91 | Annual Yield | ||
| The International Monetary Fund has grown more pessimistic over the last three months over global growth, as declining commodity prices and increasing market volatility take a toll on emerging markets. The IMF’s new forecast for global growth this year and next is down 0.2% for each year from its July estimate. Especially hard hit are Brazil and Canada. Brazil’s output was cut by 1.5% this year and 1.7% next, and Canada cut by 0.5% this year and by 0.4% for 2016. | |||||||
| The Commerce Department reports the U.S. trade deficit jumped almost 16% in August to $48.3 billion, largely because of a strong dollar that reduced exports to their lowest level in three years. The U.S. saw an increase in imports tied to the release of the latest iPhones and other consumer electronics. Economists expected a seasonally adjusted $48.1 billion. Exports fell 2% to $185.1 billion in August. Much of the decline resulted from fewer sales overseas of U.S.-produced petroleum and other industrial supplies. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/imf-trims-global-forecast-as-brazil-canada-outlooks-deteriorate-2015-10-06 | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-leaps-16-in-august-to-483-billion-2015-10-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||