| The KUIK Market Update for Wednesday, August 6: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 44 | points | 16,473 | 8:11 AM | ||
| S&P500 | Up | 0.3% | percent | 1,925 | 5.03 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,367 | 13.69 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.26 | 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. | |||||||
| Germany’s Economic Ministry said manufacturing 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 European economy. | |||||||
| The Energy Information Administration reports crude-oil supplies fell 1.8 million barrels in the week ended Aug. 1 and gasoline inventories fell 4.4 million. Analysts polled by Platts had expected crude oil stocks to decline 1.9 million barrels, and gasoline by 700,000 barrels. September crude fell 0.4%, to trade at $97.79 a barrel on the New York Merc. | |||||||
| 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/german-manufacturing-orders-tank-as-ukraine-russia-weigh-2014-08-06 | |||||||
| http://www.marketwatch.com/story/oil-supplies-fall-18-million-barrels-in-line-with-expectations-2014-08-06 | |||||||
| For today’s Market Update Report click to listen-> | |||||||