Global Indices & Market News
Global Equity Markets Review
Driven by good news from Non-Farm Payroll Report, U.S. S&P 500 index rose 0.78% last week. The Asia-Pacific stock markets generally fell, the Nikkei 225 Index and Hong Kong's Hang Seng index was dropped 6.51% and 3.65% respectively.
U.S. labor market maintaining its momentum
Last Friday, monthly employment report, issued by U.S. Labor Department, showed the unemployment rate rose slightly to 7.6% in May from 7.5% in April. It also revised down by 12,000 the payroll gains for the previous two months.
U.S. trading deficit widened to $ 40.3 billion in April
Since the U.S. market demand for cars and mobile phones was higher than export. U.S. Department of Commerce announced last Tuesday, April U.S. trading deficit widened in international goods and services by 8.5%, to $ 40.3 billion.
Money market fund got net inflows
Last week, ImoneyNet announced money market fund got net inflows of $ 9.77 billion, all types of funds both have inflows. Money Market Fund's total assets increased to $ 2.597 trillion. The Investment Company Institute announced that investors continue to buy bond funds and mixed funds, but reduce equity funds of funds.
Japanese new strategy for economic growth
Last Wednesday, Japan's Prime Minister Shinzo Abe announced new strategy of Japanese economic growth. The policy principally included: strive to achieve 2% annual real GDP growth and 3% nominal growth in the next 10 years, reduce the corporate capital spending and R&D tax etc.
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. |