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10th July 2014US Economic and Market 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 - Jul. 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 July 2014US Economic and Market Update

Despite a slight correction the main US indexes are still pushing forward and keeping close to their record all time highs.

With the Dow Jones staying close to the magical 17,000 and the S&P 500 edging ever closer to 2,000 investors in the US have had a bumper run since the beginning of the year.

Each month the picture in the United States gets better with reductions in unemployment, increased productivity and better than expected manufacturing data has seen investors' appetite for risk drive the markets into unseen territory.

Yesterday the Fed announced that it had plans to finally stop its program of QE in October. Since 2012 the Federal Reserve has been on a bond buying scheme that has seen it purchase government bonds in vast quantities in an effort to support the economy. In January they announced that they would reduce the buying by $10bn each month and as of now until October $35bn has been the cap.

With the Fed looking to stop QE, some analysts have raised concerns that interest rates will be soon to increase however since her tenure started with the Fed Ms. Yellen has continued to state that should interest rates go up, it will not be until mid to late 2015, and no sooner.

Obviously all this relies on the economy continuing to expand into the latter parts of 2014 and later this week we will receive the monthly Fed Budget which again is not expected to hold any major surprises.

Major Indexes as of 10th July:

Index          % Change          Close/Current

DOW Jones         (+0.47%)          16,985.61

NASDAQ          (+0.63%)          4,419.03

FTSE 100          (-0.30%)          6,718.04

CAC 40          (-0.40%)          4,359.84

DAX          (+0.36%)          9,808.20

Nikkei 225          (-0.52%)          15,222.83

Hang Seng          (+0.26%)          23,235.40

SSE          (+0.07%)          2,040.06

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:Triumph Financial Advisors
Industry:Finance, Investment
Tags:triumph financial advisors, US Economic Update, US Market News, federal reserve notes, US Economic Review
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