3rd July 2014 Global Market Update

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July 3, 2014 - PRLog -- Discover Triumph Financial Advisors, Inc. the independent financial advisory firm featuring cutting-edge technology, attentive individualized service, business transition assistance and the freedom to choose what's best for you.

3rd July 2014 Global Market Update

Global markets keep positive as economic data globally provides relief and confirms the major economies are performing strongly.

Markets in Asia were mute ahead of a day in the US where employment is going to be a key issue. The main indexes all remained relatively flat with low volumes in expectation of good news from the US which will no doubt close the week out in Japan positively if as forecast. The Nikkei pared early gains as caution played the better hand and volumes eased off in afternoon trading. Next week will see the start of economic indicators out of China for July. With important import and export data due first, which many believe should be in line with expectations, we could see a strong week in the Asian markets next week as China continues to benefit from its stimulus programs.

European markets should open slightly higher today ahead of the ECB's monthly announcement and some key retail data along with Markits Comp and Services final PMI. Mario Draghi is not expected to make any shock announcements today as it has just been a month since their major rate shake up which has been deemed an initial success if the local markets are anything to go by. With the main EU indexes close to all time highs and economic data seemingly confirming a region finally in expansion the only cloud over Europe's head at the moment is the ongoing issues in Ukraine which could affect gas supplies to several EU members in the near future should Moscow and Kiev not come to some sort of resolution.

Investors in the US continue to seek out risk as both the Dow Jones and S&P 500 repeatedly close at record highs. The Bulls are certainly in control at the moment with no real sign of correction on the horizon and plenty of analysts looking at a bumper 2014. With everything appearing to be rosy in the States Ms. Yellen has now turned her attention to unemployment, however this has been markedly reducing over the past few months and is seen as another clarification of how the economy is performing. If forecasts are correct and an additional 212,000 nonfarm jobs were added in June that will have been the 5th straight month that over 200k jobs had been added. This is something that has not been seen since the late 1990's and a huge indicator that businesses are back to hiring and the economy is expanding.

Expect a strong day in the US today as they head towards a long weekend and tomorrow should see Asian and European markets follow suit and finish out the first week of July strong.

Major Indexes as of 3rd July:

Index          % Change          Close/Current

DOW Jones         (+0.12%)          16,976.24

NASDAQ          (-0.02%)          4,457.73

FTSE 100          (+0.20%)          6,816.37

CAC 40          (-0.37%)          4,444.72

DAX          (+0.09%)          9,911.27

Nikkei 225          (-0.18%)          15,342.15

Hang Seng          (-0.09%)          23,527.52

SSE          (+0.30%)          2,065.64

For more information on the services provided by Triumph Financial Advisors please visit our website at www.triumphfinancialadvisors.com or contact us on info@triumphfinancialadvisors.com.

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