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Follow on Google News |  Tradeline Financials - Asia and US Economic and Market Update - Week 46, 2014Tradeline Financials is an independent, diversified financial services firm catering to all types of investors.
By: Tradeline Financials PR Tradeline Financials - Asia and US Economic and Market Update - Week 46, 2014 Asian markets were mixed on early trading as the news that the Hong Kong Shanghai link will be connected next week on the 17th November and Japan saw some profit taking after its bumper performance last week. Confirmation that the long awaiting trading link between Hong Kong and the Shanghai trading rooms was announced today. This comes after last week's report that it had been postponed indefinitely. The news helped push local indexes higher along with some contrasting data out of China at the weekend. Trade data came in far better than expected and raised concerns about the accuracy of the actual figures. Local press reported that the data itself may be misleading. Consumer inflation has stayed near 5yr lows in October, staying the same as September at just 1.6%. This news came the same time that the PPI, the Producers Price Index fell 2.2% from October 2013. Japanese markets saw profit taking after a huge week on the Nikkei. With the recent moves by the Bank of Japan it is unsurprising to see such profit taking early in the week and this could continue over the coming days. The benchmark Nikkei 225 was down as much as half a percent in intraday trading. The US continues to see strong economic data as employment figures were announced late last week. Forecasted to have added 231,000 new jobs in October, the numbers slightly disappointed at 214,000 however this does mark the 9th month that over 200,000 jobs have been added to the market. This data helped unemployment reduce further, 5.8% of the population is unemployed and this has been a strong indicator that the economy has been growing at a reasonable pace. The only really disappointing news was that wages had only increased 0.1% against a predicted 0.2%. Hourly rate increases are seen as a key indicator as to the health of the economy and many believe that once the disparity in wages is more balanced the Federal Reserve may look to increase interest rates. What has been a topic of conversation for much of this year is when will the Federal Reserve look to increase rates. Many first thought we would be looking at early Spring 2015 but as the year has progressed the dates and the predictions have got later and later on in the year and now the general consensus is that we may not see rates rise at all in 2015. This week will be a good insight into how investors feel about the global economy. Renewed tensions in the Middle East and the Ukraine will start to have a greater affect on commodities prices and this week has the potential to see volatility in the markets once again. Major Indices as of 10th November 2014: Nikkei 225 - 16,780.53 (-0.59%) Hang Seng - 23,939.49 (+1.65%) SSE Comp - 2,459.92 (+1.73%) Dow Jones - 17,593.93 (+0.11%) S&P 500 - 2,031.92 (+0.03%) NASDAQ - 4,632.53 (-0.13%) For more information on the services provided by Tradeline Financials advisors please visit our website at www.tradeline- 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 Tradeline Financials. All market data within this release is for your general information and enjoys indicative status only. Tradeline Financials 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. End
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