| The KUIK Morning Market Report for Tuesday, October 14: | |||||||
| Markets are up at the open. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 28 | points | 16,349 | 7:01 AM | ||
| S&P500 | Up | 0.2% | percent | 1,878 | 3.27 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,219 | 5.61 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.99 | Annual Yield | ||
| The German Economics Ministry cut its forecast for economic growth for 2014 to 1.2% down from an earlier forecast of 1.8%, and for 2015 it cut to 1.3% down from 2%. It cited a weak global economy from a series of international crises, and follows a slew of disappointing data announcements for Europe’s biggest economy. | |||||||
| The recent rally in bonds has driven fed funds futures higher to the point where there’s now a 57% chance of a first Federal Reserve rate hike in September 2015, according to the CME Group’s FedWatch tool. Previously, the market had been pricing in a hike in June. | |||||||
| The National Federation of Independent Business said today that its small-business optimism index fell 0.8 of a point to 95.3, 5 points below the pre-recession average. The largest drops came in small businesses planning to make capital outlays and in current job openings. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/german-government-slashes-2014-2015-growth-views-2014-10-14 | |||||||
| http://www.marketwatch.com/story/markets-now-pricing-in-first-hike-in-september-2015-2014-10-14 | |||||||
| http://www.marketwatch.com/story/capital-plan-job-opening-reductions-drag-nfib-small-business-index-lower-2014-10-14 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||