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Thungen Financial Weekly Update 31st March 2014

Thungen Financial is a financial management company for international investors and expatriates.

 
 
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PRLog - Mar. 31, 2014 - Thungen Financial is a financial management company for international investors and expatriates. Realise your investment goals with online access to Stocks, CFDs, Futures and Forex trading on 17 exchanges worldwide. Manage your money conveniently with our Multi-Currency Accounts. And take advantage of our 0% entry-fee investment funds.

Thungen Financial Weekly Update 31st March 2014

With today being the last trading day of the first quarter of the new year, it is good to see the markets start the day in positive territory despite the less than positive news coming out of Asia, especially Japan. Regardless of a robust set of data in January, Japanese manufacturing dropped for the first time in 3 months, against analyst expectations. February Factory Output was down 2.3% over the previous month with the data being released just one day before the local sales tax increase. Seen as a way to increase spending and help reduce the deficit an increase of 3%, from 5% to 8% will be in affect from the 1st of April.

Asian Markets as of 31st March:

Nikkei 14,827.83 +0.90%          SSE Comp. 2,033.31 -0.24%       Hang Seng 22,130.17 +0.29%

ASX 5,403.00 +0.49%

Europe is awash with political news this week. Ranging from the French socialist  party losing ground to the far right, Turkey's Prime Minister taking the vote in local elections and still vowing to go after his detractors whilst threatening to close down further websites, all whilst the situation in the Ukraine has continued to cause concern for European Members as the initial sanctions have proven rather ineffective and the fallout continues to weigh on countries bordering the region.

European Markets as of 31st March:

FTSE 100 6,639.96 +0.37%          Dax  9,597.65 +0.11%          CAC40 4,416.74 +0.12%

BEL20 3,129.92 +.027%          Zurich SMI 8,445.16 +0.27%

MICEX 1,344.12 +0.92%

The much hyped listing of King Entertainment on the NYSE did little to round the week off on a positive note. The maker of Candy Crush ended its first week of trading almost 20% below its share offer price. This gave plenty of analysts the chance to cry for another bubble to burst however depending on how you read the data it could be deemed that we are simply waiting for the cash to return to the markets as opposed to the other way round. With the FED still working its way towards QE easing and the US government still dealing with the Russian crisis there is a good chance that this weeks trading will have a silver lining.

US Markets as of 31st March:

S&P500 1,857.62 +0.36%          Dow Jones 16,323.06 +0.36%

NASDAQ 4,155.76 +0.11%

This week there are several global indicators that will be eagerly awaited. The Global Manufacturing PMI is announced tomorrow and on Thursday the Global Composite PMI is released. Both these will be scrutinized as an indicator to the start of the year and a gauge to reactions from data out of China, Japan and the United States earlier this year.

For more information on the services provided by Thungen Financial please visit our website at www.thungenfinancial.com or contact us on info@thungenfinancial.com.

DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Thungen Financial Advisors. All market data within this release is for your general information and enjoys indicative status only. Thungen Financial Advisors does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.


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Industry:Finance, Investment
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