Thungen Financial Markets 25th April 2014 Update

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April 25, 2014 - PRLog -- Thungen Financial is a financial management company for international investors and expatriates. Realise your investment goals with online access to Stocks, CFDs, Futures and Forex trading on 17 exchanges worldwide. Manage your money conveniently with our Multi-Currency Accounts. And take advantage of our 0% entry-fee investment funds.

Thungen Financial Markets 25th April 2014 Update

As the week draws to an end Asian markets looked weaker than expected and Europe opened lower as a result of the continued tension in the Ukraine.

The Nikkei managed to steady itself today after some bad data showed that Consumer Price Growth was at a 22 year high at 2.7% higher than March last year. CPI figures of 1.3% greater than the same month last year also did little to sway the local market as further disappointment gathered after President Obama and his Japanese counterpart were unable to solidify terms on the Trans Pacific Partnership however this still remains open for discussion. Chinese markets continued to fall as local concerns about banks and economic growth have still not bee quashed.

Asian Markets as of 25th April 2014:

Nikkei 14,429.26 +0.17%          SSE Comp. 2,057.03 -0.50%

Hang Seng 22,242.66 -1.42%       ASX 5,515.50 +0.24%

European markets opened lower today as the crisis in the Ukraine continues. Further infractions in the Eastern Provinces. Ukrainian forces have been told to up their efforts to take back government buildings being held by pro-Russian separatists. Reports that Ukrainian forces had killed more than 5 people in the last few days have spread and more protestors are starting to take to the street. President Obama is due to speak to European leaders later today in an attempt to speed up further sanctions on Moscow. So far, sanctions that have been imposed have made no difference despite what Washington has said. With Vladimir Putin now very much on the back foot, yet not against the wall we are still waiting to see how the crisis will further play out, Russian troops are on the border, Ukrainian troops have been instructed to be more aggressive, either way, it's not looking as if diplomatic resolutions are they way forward right now. What probably helped the markets limit their loses was Mario Draghi again confirming that some form of "Broad Based Asset Purchase Program" would be implemented in the near future. The ECB Chairman was speaking at the Dutch Central Bank meeting yesterday.

European Markets as of 25th April 2014

FTSE 6,684.67 -0.27%          Dax  9,463.90 -0.89%

CAC40 4,460.50 -0.43%          BEL20 3,117.88 -0.37%

Zurich SMI 8,385.09 -0.29%          MICEX 1,298.69 -2.20%

Markets in the US stayed strong after a quick profit locking faze on Wednesday. Also, having the President out in Asia attempting to drum up new agreements probably helped keep the indexes inline. Good earnings reports continued to be the story as both Microsoft and Amazon helped keep the tech sector and the markets as a whole up and in the green. With no economic indicators due today and just a handful of meaningful results expected, today should see US markets open slightly higher and by rights should stay positive into next week.

US Markets as of 25th April 2014

S&P500 1,878.61 +0.17%          Dow Jones 16,501.65 +0.00%

NASDAQ 4,148.34 +0.52%

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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 Thungen Financial Advisors. All market data within this release is for your general information and enjoys indicative status only. Thungen 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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