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| ![]() Sampson Financial 13th February 2015 - Global Markets Seem OptimisticAs one of Europe's leading independent financial advisory firms, at Sampson Financial Management it is our goal to offer our clients services to expatriates and international workers from all over the world
Sampson Financial 13th February 2015 - Global Markets Seem Optimistic Markets globally finally had the reason for some positivity after a possible peace deal in the Ukraine and the news that Greece would finally sit down and speak to it major creditors. US markets had a bumper day with both the NASDAQ and S&P 500 either closing at record highs or very close to it. The NASDAQ finished at a 15yr high, closing yesterday at 4,857.61 (+1.18%) and the S&P 500 was close to a record close at 2,088.48 (+0.96). Markets were buoyed by news that the Greek government would speak to the 'Troika' and look to establish a path to ease austerity in their country. The IMF, ECB and EC have all been particularly against any renegotiations and the last couple of weeks had seen the new Greek PM hold to his election policy with no new bailouts and a substantial reduction in austerity. This has been met with staunch opposition and little backing and many analysts thought that if the Greeks didn’t back down, an EU exit was the only real option. The fact that they now feel that communication and discussion is their only real option there is every chance that a suitable resolution can be achieved sometime in the near future. The Ukraine, Russia, France and Germany all met yesterday and managed to secure a ceasefire treaty late last night which is a good sign for the region. With the threat of further sanctions and the possibility of the US arming the Ukraine, the ceasefire was good news for both sides. Although Russia will not want to be seen as backing down, they have shown good will in working towards peace in the area. Whether the Russian Separatists and Ukrainian forces keep to the agreement is another story. There have been several ceasefire agreements and all have been broken with both sides blaming the other. Asian indexes were mixed on Friday trading as the news filtered through about Greece and the Ukraine. European markets are expected to open higher on the news and close the week off in positive territory. For more information on the services provided by Sampson Financial Management please visit our website at www.sampsonfinancialmanagement.com or contact us on info@sampsonfinancialmanagement.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 Sampson Financial Management. All market data within this release is for your general information and enjoys indicative status only. Sampson Financial Management 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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