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Tradeline Financials - Asian Market Update - Week 24, 2014

Tradeline Financials is an independent, diversified financial services firm catering to all types of investors.

 
PRLog - Jun. 11, 2014 - Tradeline Financials is an independent, diversified financial services firm catering to all types of investors. Our goal is to understand, anticipate and meet our clients' changing financial needs with the vast array of high-quality products and services at our disposal.

Tradeline Financials -  Asian Market Update - Week 24, 2014

Markets in Asia carry their gains as the week continues on the back of positive  economic data across the board.

The Hang Seng and Shanghai Comp both remained muted today as news of an increase in fiscal spending eased thoughts of a poorly performing economy.

Fiscal spending in China rose to over $208bn in May, substantially greater than the first 4mths of the year. Central government spending increased by 15.8% and Local government by 26.9%. The main attribute to the increase was the warning from the Central government that state budgets that were not used by the end of this month may be pulled back. This saw the majority of local government entities pushing through with projects in order to secure their budget for next year. Whilst spending increased, revenues decreased between April and May. Revenues for May were down 7.2% from April's 9.2% again. Later this week Retail Sales data will be announced and will be a good indicator as to how the local economy is fairing after the few steps made to stimulate the economy.

In Japan markets were quiet with particularly low volumes after it was announced that the Nikkei would remain the regions benchmark index. This along with the BoJ starting a 2 day session tomorrow held the market steady after it recovered from a poor days trading yesterday. It is not expected the Bank of Japan will make any large policy changes however it has been implied that they are looking to implement some form of stimulus if the economy needs it.

Asian Indices as of 11th June 2014:

Nikkei 225 - 15,069.48

Hang Seng - 23,233.11

SSE Comp - 2,053.99

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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 Tradeline Financials. All market data within this release is for your general information and enjoys indicative status only. Tradeline Financials 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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