International News (Issue 439) – 10 March 2017

International News (Issue 439) – 10 March 2017

image_pdfimage_print

 

International News (Issue 439) – 10 March 2017

As we remarked earlier, the key focus in international markets this week will be tonight’s release of the U.S employment report for February.

The indication we get from an earlier jobs report is that we should again see 200,000+ new jobs created during the month, putting the Federal Reserve firmly on a course for monetary tightening next week.

In Europe too there was broader economic optimism this week with the ECB Governor Mario Draghi commenting that economic risks in the euro-ozone were beginning to recede.

To round out the week on an optimistic note, China too had encouraging economic data on its foreign exchange reserves, breaking the run of 8-months of declines.

 

Index Change %
U.S. S&P 500 2365 -17 -0.7%
London’s FTSE 7315 -67 -0.9%
Japan’s Nikkei 19319 -246 -1.3%
Hang Seng 23502 -226 -1.0%
China’s Shanghai 3217 -13 -0.4%

 

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.

 

MAKE AN APPOINTMENT

Start planning your future with Prime.

Prime: A complete Wealth Management & Accounting Advice Experience
MAKE AN APPOINTMENT
By | 2017-06-16T15:16:10+10:00 March 10th, 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.