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Sampson Financial 24th November 2014 - Global Markets Optimistic

Global markets are expected to continue higher at the start of this week as news from the central banks of China and Europe spur investor confidence.

Late last week Mario Draghi, the head of the European Central Bank, confirmed that he was committed to beating deflation and was prepared and backed to take any measure necessary to protect the European Union's member states from further deflationary woes. The announcement comes after several months of stimulus from the ECB which has not seen any significant reaction in Europe. This press release did move the major European indexes late on Friday with the German Dax ending up over 2.5% and the French CAC 40 saw similar gains too.

Europe is expected to follow on from Asia's gains of Monday and should open in positive territory.

The PBOC confirmed today that it will be reducing its rates. The Central Bank has been just as proactive as its counterpart in Europe however the news did come as a surprise to some commentators. With several major policy changes of late the decision to reduce rates, thus making borrowing cheaper, is a key move to assist its slowing economy and look to boost spending from within.

China has long been quoted as looking to change its economy from an export to a domestic demand based economy. It is far too early to see whether this move will speed up this process but the markets initial reactions were very positive with the Shanghai Comp posting gains of almost 2% and the Hang Seng index performing marginally better.

US markets are expected to continue to see gains this week. With the Federal Reserve withdrawing its QE injections there was concern as to how the markets would react to the lack of cash being placed in the system on a monthly basis. What we have seen is Japan, China and Europe attempting to pick up the slack with all three implementing huge stimulus plans in very close and quick succession.

This should continue to inspire confidence in the US markets as their economy looks to continue to expand.

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DISCLAIMER The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Sampson Financial Management. All market data within this release is for your general information and enjoys indicative status only. Sampson Financial Management does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.


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