PRLog - May 7, 2014 - Hexagon Capital Management is a privately held wealth management company that manages hundreds of client assets in a wide range of products and services with a non biased, client orientated program that is tailored to each individual or corporate requirement.
The past month has been awash with economic indicators all pointing to a recovery, a slower paced recovery but a recovery all the same. With the global markets now back from their various breaks and a slew of indicators due by the end of the week we can expect the volumes of yesterday to relax and a return to more moderate trading days as the week draws to an end.
Asia had a slow start to the week with the majority of local indexes closed both Monday and Tuesday. Trading today saw steep declines as the bourses followed on from the fall seen in the US. Asia dropped to one month lows however, should the data out of China later this week be as good as expected, this should help pull the markets in the region back up to pace with their peers.
Nikkei 225 at 14,086 07 (-2.57%) Hang Seng at 21,716.71 (-1.18%)
SSE Comp at 2,028.04 (+0.03%)
European markets opened slightly lower today as the crisis in the Ukraine escalates. This week there has been violence not yet seen in the region and there are serious concerns that the area is heading towards a civil war and possible further annexing in the east of the country. This has to be the largest governing factor for investors in Europe right now with the trouble so close, and the implications so great. There is good news for Europe however. The OECD has backed up previous comments by the IMF and stated that Europe as a whole will see growth this year. Even a small increase from 1% to 1.2% will have far reaching benefits and although it is the more established economies propping up the union an expansion can only been seen as positive. What may ease investors minds is the ECB looking to ease the situation with some form of bond buying program. Initially mentioned by the Chari of the European Central Bank Mario Draghi, this too was suggested as a way forward by the OECD.
FTSE 100 at 6,798.50 (-0.35%) Dax at 9,467.53 (-0.65%)
CAC 40 at 4,428.07 (-0.78%) BEL 20 at 3,089.51 (+0.01%)
IBEX at 10,481.40 (+0.04%) Zurich SMI at 8,395.77 (-0.16%)
US stock stumbled despite positive data on the deficit and export and import levels. Predicted to be lower the deficit for March indeed reduced substantially. Down 3.6% on Feb the deficit stood at $40.4bn. With exports totaling $193.9bn a and imports hitting $231.8bn the government implied that the economy had returned to a more stable period now that the country had recovered from the terrible weather seen earlier in the year. This good news didnt help protect the gains of last week as poor earnings from ING and a run on Twitter pulled the indexes down.
Dow Jones Closed at 16,401.02 (-0.78%) NASDAQ Closed at 4,080.76 (-1.38%)
S&P 500 Closed at 1,867.72 (-0.90%)
For more information on the products and services provided by Hexagon Capital Management, please visit our website - www.hexagoncapitalmanagement.com or contact us directly on email@example.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 Hexagon Capital Management. All market data within this release is for your general information and enjoys indicative status only. Hexagon Capital Management 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.
Hexagon Capital Management
Hexagon Capital Management