9th February 2015 - Global Market and Economic Update

Feb. 9, 2015 - 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.

9th February 2015 - Global Market and Economic Update

Major Indexes as of 9th February 2015

FTSE 100 - 6,853.44 (-0.18%)

S&P 500 - 2,055.47 (-0.34%)

SSE Comp - 3,118.17 (+1.37%)

Asian markets have started out the week mixed as strong data out of the US closed the week off well yet weaker than expected data out of China on Sunday may show signs of concern.

Chinese Import Export data was released on Sunday and came in well under expectations. Exports fell 3.3% in January over the same period in 2014 and imports fell 19.9% over the same period. This came just a week after the Chinese Central Bank reduced the RRR by another 50 basis points and shows that there could be more room for concern that previously thought.

What many are looking for now is an indication as to whether they will look to adjust their growth target next month. If this happens there will be further calls for caution especially as the Chinese New year will no doubt have some effect on both manufacturing and production.

The main news in Europe is still the new Greek governments insistence that they will not curtail to the bailout exit terms and the fact that their cause has lost significant traction with its peers in the European Union. Both the EU and ECB have refused alternative schemes which have been proposed and as it stands the Greeks are looking closer to an EU exit than a bailout exit. The new PM, Alexis Tsipras has even gone as far as looking to get a loan made under duress by the Nazi's back in WW2 by the Bank of Greece whilst he looks to stem the austerity seen by the country.

US markets are expected to open marginally higher after the release of positive data late on Friday regarding their employment situation. 257,000 jobs were added in January, the 11th month that over 200,000 has been added in a row. With an increase in hourly earnings not seen since 2008 and only a slight increase in unemployment the economy continues to show strength as the rest of the globe looks to economic stimulus.

With oil looking to have possibly settled and Europe seemingly unaffected by the Greek situation this week should be good for the markets.

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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 Stock Port Associates. All market data within this release is for your general information and enjoys indicative status only. Stock Port Associates 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.