Tradeline Financials - Global Markets Positive - Possible Greek Extension - Week 8, 2015

Feb. 18, 2015 - PRLog -- Tradeline Financials is an independent, diversified financial services firm catering to all types of investors. Our goal is to understand, anticipate and meet our clients' changing financial needs with the vast array of high-quality products and services at our disposal.

Tradeline Financials - Global Markets Positive - Possible Greek Extension - Week 8, 2015

Globally markets have remained positive as the US close at record highs and Asia see gains ahead of the Chinese Lunar New Year.

Asian markets were positive as China see the largest migration of people for the year travelling home to spend Lunar New Year with their family. The PBOC expects a similar disruption to manufacturing and production as last year but admitted that growth was still expected to be lower than last year.

The Bank of Japan kept its huge stimulus program going with no monetary policy changes this month. New broke yesterday confirming that Japan had officially moved out of recession. Now the central bank needs to deal with the deflation seen in the country and this is mainly why Prime Minister Abe looked to get re-elected before the end of his term, so that he could look to finish what he started in his attempt to fix the Japanese economy.

Markets in Europe are expected to open higher after reports that Greece may look to take an extension on its bailout exit, looming on the 28th of this month. Initially thrown out by the new Greek government, it now appears the EU, ECB and IMF are not pandering to Greece's demands and are looking to offer this extension as a way of keeping Greece within the parameters of the original agreement. If the government does look to take the extension, there may be uproar in the street as it will be seen as backing down from their political agenda.

US markets closed up with the S&P 500 at record levels. Closing at over 2,100 the S&P has again been an indicator of the US economy's strength ahead of data on manufacturing and housing which is not expected to surprise. We will also see the FED's minutes from their January meeting, any indication of a rate increase will probably be hard to find.

Major Global Indices as of 18th February 2015:

Hang Seng 24,832.08 (+0.19%)

FTSE 100 6,898.13 (+0.60%)

S&P 500 2,100.34 (+0.16%)

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