Thungen Financial 15th September 2014 - Economic News, The Week Ahead

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Thungen Financial 15th September 2014 - Economic News, The Week Ahead

Asian markets dropped to a five week low on early trading on Monday due to poor data out of China at the weekend and a week which see's the possibility of major announcements from the UK and the US.

China released disappointing data on Saturday. The data which consisted of Industrial Production, Infrastructure Investment, Manufacturing and Credit Growth all came in under expectations. Recently the PRC has been seeing what many thought was acceptable economic growth, yet now many analysts believe that their economic growth for 2014 could fall as low as 7.1%. Previous estimates predicted 7.5-8% growth yet the global slowdown in demand for Chinese products has started to take a larger affect on their economy as domestic demand also wanes.

The major news coming out of Europe is the vote taking place this week in Scotland to see whether they will leave the United Kingdom. Poll figures released last week showed that of the people that had made their decision, 51% were planning to vote to devolve from the UK. This news had an immediate effect on the Pound which saw its steepest drop in almost 2yrs. The UK Parliament was attacked by the Scottish government for releasing comments made by the Bank of England stating that several major corporations would look to move their HQ's back to England should the vote go ahead due to needing to stay within the BoE's fiscal policies. Many believe that if this happens there will be serious ramifications from the English Parliament and that the possibility of Scotland's removal from the UK is a grave mistake on the Scottish peoples behalf.

In the US the markets took a step back as they await comments after the 2 day FOMC meeting schedules for tomorrow and Wednesday. As the US economy shows good expansion of late the Federal Reserve has hinted at a possible interest rate hike far sooner than previously thought. Ms. Yellen has yet to divulge exactly what their plan is however as economic data of recent months has shown solid expansion across many sectors many analysts feel that now could be the time for the Fed to make a move.

Expect the markets to be cautious as we await news which will have significant effects on many of the global markets.

Major Markets as of 15th September 2014

Hang Seng 24,461.14 (-0.55%)          SSE Comp 2,339.14 (-0.31%)

Nikkei 15,948.29 (+0.25%)          FTSE 100 6,806.96 (+0.11%)

DAX 9,651.13 (-0.41%)          S&P 500 1,985.54 (-0.60%)

Dow 16,987.51 (-0.36%)          NASDAQ 4,567.60 (-0.53%)

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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 Thungen Financial Advisors. All market data within this release is for your general information and enjoys indicative status only. Thungen 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.