Thungen Financial 2nd July 2014 - Global Market Update

Thungen Financial is a financial management company for international investors and expatriates.
July 2, 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 2nd July 2014 - Global Market Update

Global Indexes continue their Bull Run as Asian markets break 3 year highs and US indexes continue to see record breaking closes.

Asian indexes benefited of a record close in the US and affirmation that the global economy is still breaking ground. China's PMI index grew its fastest in 6 months with data suggesting that the 2nd largest economy has turned a corner. May's 50.8 was succeeded by a score of 51 for June. Any figure over 50 shows expansion and the data coming from China lately appears to uphold the fact that the small stimulus measure they have implemented so far have managed to make a significant difference. Also in the region, Japanese business sentiment dropped for the first time in 6 quarters. This could be largely placed on the effects of the rise in sales tax earlier in the year and that consumer spending has decreased. Analysts predict that as the year progresses sentiment will increase.

It has now been almost a full month since the ECB announced its landmark rate decision. Later this week we can expect a follow-up on how and what has been happening since the meeting last month. The majority of European indexes have performed well so far this year, with only a few member states showing real cause for concern. Tomorrow we will see GDP Growth estimates and PPI data follows later in the week. With manufacturing picking up in the UK and Germany and unemployment slightly better for June an optimistic Europe should see out the week.

It was another record close for the Dow and S&P 500 yesterday as the Bulls drove on off the back of positive data out of the Institute for Supply Management. Although factory activity dipped slightly in June, a 55.3 figure for June was welcomed after May's 55.4. Later this afternoon Janet Yellen speaks at an IMF meeting and we can expect the same rhetoric we have heard since she took her post. Her so called "Dovish' comments have managed to buoy investors and the markets alike and little else is expected to be mentioned above the improving economy and the fact that unemployment is starting to turn the corner too.

Asian Markets as of 2nd July 2014:

Nikkei 15,369.97 +0.29%          SSE Comp. 2,056.39 +0.29%

Hang Seng 23,470.21 +1.21%

European Markets as of 2nd July 2014

FTSE 6,810.86 +0.12%          Dax  9,919.04 +0.17%

CAC40 4,454.35 -0.15%

BEL20 3,154.75 -0.18%          Zurich SMI 8,622.82 +0.17%

MICEX 1,476.38 -0.34%

US Markets as of 2nd July 2014

S&P500 1,973.32 +0.67%          Dow Jones 16,956.07 +0.77%

NASDAQ 4,458.65 +1.14%

For more information on the services provided by Thungen Financial please visit our website at or contact us on

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.

Thungen Financial
Source:Thungen Financial PR
Email:*** Email Verified, Thungen Financial, Economic Update, Global Market News, Finance News
Industry:Finance, Investment
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse

Like PRLog?
Click to Share