| The KUIK Market Update for Wednesday, November 13: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (47) | points | 15,704 | 8:05 AM | ||
| S&P500 | Down | -0.08% | percent | 1,766 | (1.34) | ||
| Nasdaq Composite | Up | 0.08% | percent | 3,923 | 3.31 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.83 | Annual Yield | ||
| Copper futures, leading economic indicator, fell on concerns about Chinese economic growth and Federal Reserve tapering, while gold futures had a modest recovery from recent losses. December high-grade copper fell about 2%, in electronic trade to $3.17 a pound, hitting their lowest level since late July. December gold rose 0.4%, to $1,276.60 an ounce. | |||||||
| The Bank of England’s November Inflation Report raised fears the central bank could hike rates as soon as the first quarter of 2015 because the UK unemployment rate could reach its 7% target. European stock fell with the FTSE 100 index dropping 1.2% to 6,649.40, for its lowest close in three weeks. | |||||||
| The U.S. dollar surged against the euro after a top European Central Bank official said negative interest rates or asset purchases were still possible. ECB Executive Board Member Peter Praet told The Wall Street Journal that while additional stimulus isn’t required right now, those measures could be taken in order to boost inflation, which dropped below the ECB’s target in October. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/gold-dips-further-on-fresh-taper-fears-2013-11-13 | |||||||
| http://www.marketwatch.com/story/uk-stocks-slide-ahead-of-inflation-report-2013-11-13 | |||||||
| http://www.marketwatch.com/story/euro-drops-below-134-as-ecbs-praet-talks-easing-2013-11-13?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||