Thungen Financial 29th October 2014 - Global Market Report

Oct. 29, 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 29th October 2014 - Global Market Report

Global markets are closing out October strong as economic data and corporate earnings help push indexes higher.

Asian markets were close to 1 month highs as good news in Japan and a strong day in the US helped push the major indexes substantially higher. In Japan the Nikkei was up nearly 1.5% after news that Manufacturing Output had increased in September by 2.7%. This comes after recent positive news that consumer spending was on the rise too. A turnaround in the Japanese economy would signal that the global economy isnt in quite as bad a state as many forecasters state.

European markets are expected open slightly higher. As the European Union signs off on both France and Italy's 2015 budgets there is an air of optimism in the region. Both countries had to make major changes to their budgets, implementing massive cuts over several sectors. Many believe that Europe is on the cusp of a 3rd recession and as the European Central Bank does everything in its power to stop this, many of the European community are starting to wonder whether there is a place for a union made up of so many countries, at different economic levels.

The US Federal Reserve Bank is expected to announce the end of its QE later today. The program implemented to inject capital back into the system managed to drop $3.5tn over the course of the scheme. Now we have to wait to see whether any indication on the rate increase is going to be forthcoming. In light of the recent performance of the US economy and the perception that the global economy is in better health, many now believe the Fed may leave an interest rate increase until 2016, far later than the springtime of 2015 previously suggested.

October is known to be a volatile month and this year has been no exception. There is every possibility that there could be a strong run to the end of the year as the price of oil looks set to stay within its current boundaries and geo-political tensions and the Ebola crisis start to play less on the markets.

Major Global Markets as of 29th October 2014

S&P 500 1,985.05 (+1.19%)

FTSE 100 6,402.17 (+0.61%)

Nikkei 225 15,545.70 (+1.41%)

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