User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


61° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Wednesday Morning Business Brief

June 18, 2014, 6:15 AM

Wednesday Morning Business Brief
NEW YORK -

Investors have mostly been in a holding pattern on Wall Street this week and that may not change when trading resumes today. Analysts will be looking for the Federal Reserve's update this afternoon on the health of the economy. Stocks rebounded from a slow start yesterday, building on small gains for the third day in a row. The Dow closed up 27 points at 16,808. The S&P 500 index rose four points to 1,942, while the Nasdaq composite added 16 points to 4,337. Futures point toward little change at this morning's opening.

  • International stock markets are muted as investors await an update on the U.S. economy later Wednesday from the Federal Reserve following its two-day policy meeting. Japanese markets rose on a weaker yen. Benchmark crude oil rose above $106.50 a barrel. The dollar gained against the euro and the yen.
     
  • On the trade front this morning, the Commerce Department releases the current account trade deficit for the first quarter. And Japan releases monthly trade data for May, which may show a surge in exports that could offset the plunge in domestic demand that followed a sales-tax hike in April.
     
  • Policymakers at the Bank of England voted unanimously to keep interest rates at a record low of 0.5 percent - unwilling to tamper with an economy that is returning to normal. Minutes published today for the June meeting showed policymakers were united in voting to keep interest rates steady.
     
  • Japan logged its 23rd successive month of trade deficits in May, as exports and imports both declined despite signs of recovering demand in the U.S. and Europe. The deficit in May was 909 billion yen - or $8.8 billion.  That's according to the Finance Ministry. It says exports to the U.S. fell by nearly 3 percent from a year earlier. Exports fell 2.7 percent to 5.6 trillion yen - or $54.9 billion, while imports dropped 3.6 percent to 6.5 trillion yen or $63.7 billion.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch
Sioux City Riverboat Casino Prepares For Last Day

7/30/2014 7:57 AM

The Argosy riverboat casino is preparing to take its last bets Wednesday, having told the Iowa Racing and Gaming Commission that it will close by 5 p....

Full Story


Events