PRLog - May 6, 2014 - Discover Triumph Financial Advisors, Inc. the independent financial advisory firm featuring cutting-edge technology, attentive individualized service, business transition assistance and the freedom to choose what's best for you.
6th May 2014 Market and Economic Review.
Several of the larger indexes in Asia are closed today for Budda's Birthday. Of the markets open, stocks were up as of the beginning of the day and continued into Europe as the major indexes their opened slightly higher.
With Japan closed yesterday and today and Chinese markets down very little was happening in the region. What we can expect is a busy week for the Chinese markets as they are expecting a full range of economic data to be reported by the end of the week. Since the start of the year there has been repeated reports that the Chinese economy has been slowing down despite relatively positive data that shows they are indeed growing, if not at the same pace of previous years. With trade, inflation and activity data due in the next few days analysts are predicting expansion across the board. All eyes will be on China and the data they release as a way to gauge the actual health of the economy.
With Europe fully back to speed after the May Day holidays the markets are expected to hold the gains seen yesterday and should continue into the green off the back of strong figures out of the US implying the economy is still recovering. Latest news out of the EU solidified that the Eurozone is also recovering well with Portugal announcing yesterday that they can withdraw from the bailout program they entered into three years ago without any further financial support. This along with persistent growth in all but the majority of the EU members will obviously help ease concerns in the region and allow European leaders to concentrate on the crisis in the Ukraine which no doubt is a key factor for the area and in dire need of some form of resolution.
As stated the news out of the US at the beginning of the week was seen as very positive. The US Institute for Supply Management reported that the Services Sector has expanded at its fastest pace in 8mths. This news along with some strong earnings reports pushed all three of the major indexes higher and helped them close out the day in positive territory, As with china, this week see's a good range of economic indicators form the US. Most notably for today will be the Trade Balance announcement which is expected to be lower. Last month's figures of $42.3bn are forecast at $42.5bn however the market has predicted it could be as low as $40.6bn. After the huge difference in expected and reported jobs data last week this week could see some super strong data out of the States as they have now recovered from the terrible weather seen at the start of this year.
Major Indexes as of 6th May:
Index % Change Close/
DOW Jones (+0.11%) 16,530.55
FTSE 100 (+0.20%)
CAC 40 +0.10%)
Nikkei 225 (-0.19%)
Hang Seng (-1.28%)
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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 Triumph Financial Advisors.All market data within this release is for your general information and enjoys indicative status only. Triumph 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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