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10th June 2014 Global Market and Economic Update

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PRLog - June 10, 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.

10th June 2014 Global Market and Economic Update

Global markets continue to post gains as optimism over global growth adds value to the markets.

Chinese data released earlier today confirmed that the economy was continuing to grow and keep inflation well within the local governments threshold. With Consumer prices increasing 2.5% over the same time last year along with producer prices dropping 1.4% over the same period again we are seeing strength where it needs to be in the Chinese economy. Rising food prices were the key reason behind the increase however at 2.5% inflation is still under the 3.5% guide. Profit taking in Japan saw the Nikkei perform the worst today, losing almost 1%. Tomorrow see's the beginning of a 2 day meeting with the Bank of Japan who are discussing whether to implement further stimulus, general consensus is that no policy changes will be announced in the near future.

European indexes look to take a rest today as the full effects of the ECB rate decision from last week start to take effect. The FTSE opened lower and so far has remained in the red as news of TSB's proposed float pull down the banking stocks. Good news out of Italy and France as manufacturing levels start to creep back up. With the DAX breaking 10,000 and the continued rallies seen in the US it is hard to expect the European markets performing too badly in the coming weeks.

The Dow Jones and S&P 500 continued their record breaking runs as they both closed out yesterday breaking new highs. The Dow closed at 16,943.10, barely closing above its open and the S&P managed to break and hold 1,950. Spurred on by positive employment data late last week the markets are now seeing more capital as risk now seems to be more acceptable. It is a quiet week in the US for economic indicators and all fingers point to a strong week in the US markets.

Major Indexes as of 10th June:

Index          % Change          Close/Current

DOW Jones         (+0.10%)          1,951.27

NASDAQ          (+0.93%)          4,336.24

FTSE 100          (-0.53%)          6,838.75

CAC 40          (+0.11%)          4,594.13

DAX          (+0.13%)          10,021.16

Nikkei 225          (-0.85%)          14,994.80

Hang Seng          (+0.86%)          23,315.74

SSE          (+1.08%)          2,052.53

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.

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Source:Tradeline Financials PR
Industry:Finance, Investment
Tags:triumph financial advisors, Triumph Financial, "economic update", Asia 3yr Highs, economic news
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