1. Latest News
  2. Submit Press Release
Triumph Financial Advisors Logo

14th May 2014 Global Index, Market and Economic Update

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.

PRLog - May 14, 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.

14th May 2014 Global Market and Economic Update.

It has been a positive week for the global markets and expectations are that this run should continue towards the end of the week even though European markets have opened slightly lower this morning.

With the Hang Seng close to 3 week highs after the Chinese Central Bank requested mainland banks look to allow more home loan applications in an attempt to correct the volatile Chinese housing market. This immediately benefitted property and banking stocks and helped the local markets hold onto the gains made earlier this week. This comes after a range of data out of China that continues to come in under analyst expectation yet still shows strong growth in the economy. Concerns about growth rates are repeatedly reported however you cannot argue with the fact that China continues expand and they are earnestly attempting to resolve issues such as the housing market and capital flows in their financial system. Japanese stocks didn't fair as well as profit taking early in the day held the Nikkei down, albeit marginally.

European markets are the talk of the day as the majority of local indexes are close to YTD highs and the Dax specifically is close to record highs. Later today Industrial Production data will be released for the region and although month on month data is expected to be down there is good growth seen year on year with figures quoted in the region of 1.5% - 1.6% growth. Tomorrow will be an interesting day as the Eurozone releases several indicators, mainly on inflation and GDP Growth Rate, both of which are expected to be in positive territory. The EU appears to be showing considerable resilience considering the situation on its Eastern borders and today will see further talks in Kiev to look to secure some sort of peace process in the Ukraine that will satisfy both parties. Moscow will undoubtedly look to the West to pressure the local government to honor the voting that took place last weekend however there is little chance that a resolution will come to light any time soon. What was feared as a destabilization maneuver by Russia hasn't hurt the markets too much as the general sentiment continues to refrain from a return to the old Soviet ways.

US consumers took a break from spending in April according to Retail Sales data released yesterday. Although disappointing, it didnt bring the markets down and the Dow Jones and S&P 500 both ended the day on record highs. Today see's the US Producer Price Index and tomorrow a plethora of figures from Industrial Production and Manufacturing Production data to a string of inflation results. The FED has continued to ease is bond buying scheme and although rates are expected to increase in early 2015 generally it is seen that after the bad weather experienced earlier in the year both businesses and government are back up to speed and dragging the economy back into the black.

Major Indexes as of 14th May:

Index          % Change          Close/Current

DOW Jones         (+0.12%)          16,715.44

NASDAQ          (-0.33%)          4,130.17

FTSE 100          (+0.31%)          6,873.08

CAC 40          (+0.25%)          4,505.02

DAX          (+0.54%)          9,754.43

Nikkei 225          (-0.29%)          14,383.55

Hang Seng          (+1.02%)          22,579.93

SSE          (-0.10%)          2,050.73

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

Triumph Financial Advisors

--- End ---

Click to Share

Contact Email:
***@triumphfinancialadvisors.com Email Verified
Source:Triumph Financial Advisors
Industry:Finance, Investment
Tags:Triumph Financial, Markets Update, economy, News, triumph financial advisors
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “


Trending News...

Like PRLog?
Click to Share