Global Market Data as of 20th March 2014

March 20, 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.

20th March - Midweek Market and Economy Review

Global Market Data as of Close of trading 19th March 2014

Europe

FTSE 100          6573.13 (-0.49%)          Dax         9277.05 (+0.37%)

CAC 40          4308.06 (-0.12%)          BEL 20   3082.98 (+0.08)

Madrid IBEX         10693.90 (+0.42%)          Zurich SMI 8226.55 (-0.16%)

Asia

Moscow MCIEX   1319.02 (-1.26%)          Sydney ASX 5312.70 (-1.12%)

Nikkei 225          14234.82 (-1.57%)          Hang Seng 2124.16 (-1.52%)

Shang SSE Comp  2021.73 (-0.17%)

United States

Dow Jones          16222.17 (-0.70%)          NASDAQ 4307.60 (-0.59%)

The main market driving news this week was the announcement by Ms Yellen, the first female to chair the Federal Reserve, that they will start to scale back the bond buying program over the course of the next few months. The reduction, proposed to take affect 6mths after the bond buying program has halted see's a positive nod to the recovery in the US. By reducing their purchasing of US Bonds by $10m ($55bn down from $85bn) it is expected that there could be a rate increase as early as April 2015.

This news helped send US markets downward and it is expected that the Asian and European markets will follow suit.

Still affecting the markets is the situation in Crimea. With the Ukrainian government pulling its military out of the region and the EU still unsure as to the strength of the sanctions it can place Russian under there is uncertainty as to the real monetary outcome of the crisis. Moscow has stated that it couple retaliate against any sanctions imposed by the West however many analysts have stated that economic sanctions from the EU would be met harshly and would be difficult to measure due to several members having substantial exposure to Russian businesses.

Markets in Europe have remained flat over the course of the last few weeks as anticipation about the sanctions increased as the conflict has worn on. Major concerns over the Natural gas supplies exported by Russia to Europe have been expressed and this is considered one of Moscow's main cards should harsher economic sanctions be implemented.

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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.