Global Indices & Markets News
U.S. Equity Market
For the past week, the Dow climbed 1.8 percent, the S&P 500 rose 1.1 percent and the Nasdaq advanced 0.5 percent. The equity market's strong start this year has been attributed to solid corporate results, an agreement in Washington to extend the government's borrowing power, encouraging signs from the global economy and seasonal inflows into stocks.
U.S. Debt Ceiling Update
The U.S. House of Representatives passed a Republican plan to allow the federal government to keep borrowing money through mid-May, clearing it for fast enactment after the top Senate Democrat and White House endorsed it.
New Evidence of Recovery in China’s economy
China's HSBC flash purchasing managers' index (PMI) rose to 51.9 in January to a two-year high, signaling a rebound in manufacturing activity and confirming a recovery in growth in the world's second-largest economy was on track. [Link] Weekly CommentaryReacceleration of Chinese economy and the rebound of China equity market
Optimistic over Europe’s Economic Growth
ECB President Mario Draghi underscored that optimism, saying the euro zone can begin 2013 with more confidence than last year. But he warned it was up to governments to carry the bloc forward with reforms.
Financial System in Europe
Banks in Spain, Italy, Ireland and Britain need to set aside much more money to cover potentially bad loans, credit ratings agency Moody's said. Rival agency Fitch also warned that British banks could be underestimating the riskiness of their property loans and may need more capital to correct this.
BOJ’s Inflation Target
The BOJ doubled its inflation target to 2 percent and made an open-ended commitment to buying assets next year to end years of economic stagnation.
Upgrade of Japan’s Economic Growth
apan's government raised its view of the economy for the first time in eight months as private consumption is holding firm and business sentiment shows signs of improvement due to the falling yen and rising share prices.
EUR and JPY Update
The euro zone common currency hit an 11-month high versus the dollar and a 21-month peak versus the yen after the European Central Bank said banks would pay back a greater-than-expected 137 billion euros in loans next week, a sign that at least parts of the financial system are on the mend. In another side, the dollar rose as high as 91.19 yen, the strongest since June, 2010, rising past reported options barrier at 90.75 and 91 yen last week. [Link] Alroy Commentary - What are the impacts of weakened Japanese Yen to your investment policies
Copyright ©2015. Alroy Financial Services Limited. All rights reserved. Member of Hong Kong Professional Insurance Brokers Association. Membership No. M-437. |
Follow Us: Show: Full Site | Mobile site |
|
The information of this page is for reference only; it does not constitute any selling purpose, solicitation of buying and recommendation for you to participate and complete any transaction. |