8th of October 2014 - Global Financial Markets Update

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8th of October 2014 - Global Financial Markets Update

Global markets took a downward step yesterday as all the major indexes posted losses.

Asian markets continued the run in early trading and only the Shanghai Composite managed to see some positivity, even if only marginal. With the Nikkei down over 1% and the Hang Seng still looking to recover from the recent disruption by the protestors Asian markets were relatively disappointing today.

With the news that the IMF has downgraded nearly all of its 2014 growth targets the markets in Europe specifically are expected to see red again as there is very little news, positive or negative expected in the near future. In Europe many are waiting to see the exact extent that the ECB will look to implement its ABS purchasing program later in the month.

Germany, France and Italy all received downgrades by the IMF and Germany in particular, who is seen as a guide to the whole EU's health has just posted some significantly poorer data than expected. With factory orders and output both declining over the past month it's exposure to a poor performing Europe and the sanctions imposed on its largest trading partner, Russia have severely affected its performance and there is no real sign of a recovery on the horizon.

In the US it was much of the same. With the recent outbreaks of Ebola being announced in the US and in Spain many are starting to take notice of the epidemic taking place in Western Africa and how serious it truly could be. Airline stock where hit massively yesterday on the news of the outbreaks and it's quite possible that should the outbreak continue to beat border controls a major plan from someone like the US's CDC is going to be needed for screening purposes. US markets are particularly fragile when it comes to scares such as this and although their economy is coming along in leaps and bounds this is the last thing the government needs just as it is about to start to look to normalize interest rates.

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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 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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