Jan. 9, 2015 -
PRLog -- Stock Port Associates is one of the world’s largest and most established offshore investment firms operating within a tax-favorable jurisdiction. Whether it’s dealing with new regulations, setting up an offshore presence, attracting new investors or identifying independent directors, we have the expertise to assist you. 9th January 2015 - US Market Update Major US Indexes as of 8th January 2015 S&P 500 2,062.14 (+1.79%) Dow Jones 17,907.87 (+1.84%) NASDAQ 4,736.19 (+1.84%) US indexes were positive yesterday after a 5 day losing streak which saw the S&P 500 drop over 4% alone. The correction was largely based on the labor data expected later today. With over 240k jobs forecast to have been added in December, this will be the eleventh month that over 200k jobs had been added to the market. This along with a continued low unemployment rate is a strong indicator that the US economy is expanding at a good rate. The recent slump in oil prices may have affected some US energy companies, yet many US corporations stand to benefit from lower oil and we will start to see this when earning season comes around. The dollar is benefiting from the Eurozone situation and has hit a nine year high of $1.18 and even with crude and five and a half year lows there is still plenty of opportunities on the US markets. With the Chinese Central Bank already increasing their stimulus and Japan doing the same, it could be expected that the Dollar will continue to gain especially when the EU starts its QE program, which could start as soon as the end of the month. A stronger Dollar should be good for Asian exporters and should the currency end up being on par with the Euro, the smaller member of the EU will certainly benefit. What has been confirmed is that any rate increase in the US will probably not happen before April and many expect that a late fall rate hike could be on the cards, allowing the current oil crisis to have played out and giving time to the other Central Banks to pick up the slack left by the Federal Reserve after they stopped pumping in money to the system. Stock Port Associates (SPA) is one of the world’s largest and most established offshore investment firms operating solely within a tax-favorable jurisdiction. SPA employs seasoned market professionals with expertise in all asset classes with access to all major markets. To find out more please visit
http://www.stockportassociates.com for more information or contact info@stockportassociates.com to be contacted by one of our representatives. 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 Stock Port Associates. All market data within this release is for your general information and enjoys indicative status only. Stock Port Associates 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.
