22nd October 2014 - Global Markets Rebound

Oct. 22, 2014 - PRLog -- Stock Port Associates is one of the world’s largest and most established offshore investment firms operating within a tax-favorable jurisdiction. Whether it’s dealing with new regulations, setting up an offshore presence, attracting new investors or identifying independent directors, we have the expertise to assist you.

22nd October 2014 - Global Markets Rebound

Major Indexes:

FTSE 100          6,372.33 (+1.68%)

Dax          8,886.96 (+1.94%)

CAC40          4,081.24 (2.35%)

Nikkei          15,151.73 (+2.35)

Hang Seng          23,446.00 (+1.55%)          Dow       16,614.81 (+1.31%)

NASDAQ          4,419.48 (+2.40%)          S&P         1,941.28 (+1.96%)

It has been a sea of green over the past few days as global markets rally on more positive data, leading to capital returning to the markets as faith that the global economic expansion, is healthier than previously thought.

Markets in Asia were buoyed by stronger than expected earnings out of the US and data out of Japan that showed exports had increased by 6.9% over September 2013. This was its fastest pace in nearly 7mths and a sure sign that demand is increasing globally This news combined saw the Nikkei gain almost 2.5% in intraday trading. As the protest is Hong Kong continues the Beijing government completes a session dedicated to looking at the lands laws and there is little doubt the situation in Hong Kong would have been top of the agenda. Talks held between the HK governors and the student body did little to progress the situation and fears are that Beijing will lose its patience and look to disperse the protestors, using more vigorous means than previously attempted. Mixed data out of China has seen its local indexes shy away from following the global trend, despite this, Wednesday trading saw good gains in Hong Kong with the mainland staying relatively flat.

European markets look set to open higher as news that the ECB will make a decision on whether it will start to purchase corporate bonds in an attempt to free up cash for banks so that they can start lending again. There is already speculation that the European Central Bank is buying Italian corporate bonds however this has yet to be clarified. The decision is set to be made by December with implementation as soon as the beginning of next year. This news along with several other schemes put forward by Mario Draghi, the head of the ECB, has led many to believe that Europe is indeed on the precipice of a third recession. The news helped markets claw back some of their recent losses with the majority of major European indexes posting gains of roughly 2%.

Earnings season in the US has been consistent with the global impression that the United States economy is expanding at a good rate. The S&P500 posted its fourth consecutive daily gain, up 1.96%, it saw its highest rise since October 2013. Apple and Texas Instruments both reported stronger than expected figures which helped push the NASDAQ 2.4% higher. As earnings season continues we should expect to see further proof that the US economy is expanding and benefitting from the current cheap cost of oil and the US's move to using more natural gas, a resource it does not have to import.

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