| The KUIK Morning Market Report for Wednesday, August 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 9 | points | 16,438 | 7:09 AM | ||
| S&P500 | Up | 0.0% | percent | 1,921 | 0.41 | ||
| Nasdaq Composite | Up | 0.0% | percent | 4,354 | 1.22 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.25 | Annual Yield | ||
| The Commerce Department reports the U.S. trade deficit shrank 7% to $41.5 billion in June, largely because imports of petroleum fell to the lowest level since the end of 2010. Economists expected a $45.0 billion deficit. U.S. exports edged up 0.1% to $195.9 billion, and imports fell 1.2%, for the biggest drop in a year to $237.4 billion. | |||||||
| Italy fell back into recession for the third time in five years, with gross domestic product dropping 0.2% in the second quarter and down .3% from the second quarter of 2013. | |||||||
| Germany’s Economic Ministry said orders fell an adjusted 3.2% in June, compared with a 1.6% decline in May. Analysts polled by The Wall Street Journal had expected a 0.8% rise. The decline was the sharpest since September 2011 and raises concern that political upheaval in Ukraine and sanctions against Russia are weighing on the economy. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-shrinks-7-to-415-billion-in-june-2014-08-06 | |||||||
| http://www.marketwatch.com/story/italy-slides-back-into-recession-with-surprise-gdp-fall-2014-08-06 | |||||||
| http://www.marketwatch.com/story/german-manufacturing-orders-tank-as-ukraine-russia-weigh-2014-08-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||