Mar 3, 2017 | Investment Advice

International News (Issue 438) – 03 March 2017

The main information from offshore markets this week continued to out of the U.S with ongoing economic strength driving expectations for an earlier interest-rate tightening.

Weekly U.S unemployment benefit claims fell to a 44-year low in another sign of how tight U.S jobs markets have become.

Manufacturing data for February also continued its surge, rising to a 2-year high.

With the strength in U.S economic data apparent, interest-rate markets now expect a 90% chance for the Federal Reserve to tighten rates by 0.25% in mid-March.

In China, February manufacturing continued to improve and the combined January/February data now suggests China’s industrial economy has had the best start to the year in 5-years.

Next week sees the Chinese National People’s Congress sit.

 IndexChange%
U.S. S&P 5002382+18+0.8%
London’s FTSE7382+111+1.5%
Japan’s Nikkei19565+194+1.0%
Hang Seng23728-387-1.6%
China’s Shanghai3230-21-0.6%

Disclaimer: This information has been prepared by Primestock Securities Limited ABN 67 089 676 068, AFSL 239180 (“Prime”). Prime accepts no obligation to correct or update the information or opinions in it. This information does not take into account your objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate to your situation. It is recommended that you obtain financial, legal and taxation advice before making any financial investment decision. Prime is bound by the Australian Privacy Principles for the handling of personal information.

SPEAK WITH US TODAY

A unique and personal service approach and support for all your business advisory and personal wealth management needs

Request a free consultation

A unique and personal service approach to support all your business advisory and personal wealth management needs.

Request a free consultation