International News (Issue 438) – 03 March 2017



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.


Index Change %
U.S. S&P 500 2382 +18 +0.8%
London’s FTSE 7382 +111 +1.5%
Japan’s Nikkei 19565 +194 +1.0%
Hang Seng 23728 -387 -1.6%
China’s Shanghai 3230 -21 -0.6%



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.



Start planning your future with Prime.

Prime: A complete Wealth Management & Accounting Advice Experience
By | 2017-06-16T15:16:10+11:00 March 3rd, 2017|International News, Uncategorized|0 Comments

About the Author:

Prime is an Integrated Wealth Management Firm for business owners and family groups. Prime’s goal is to become the Premier Partner to Accountants for Growth, Succession and Integrated Wealth Management and to deliver personalised advice to clients for a secure financial future.