thungen-logo twitterPRLog (Press Release) - Apr. 17, 2014 - Thungen Financial is a financial management company for international investors and expatriates. Realise your investment goals with online access to Stocks, CFDs, Futures and Forex trading on 17 exchanges worldwide. Manage your money conveniently with our Multi-Currency Accounts. And take advantage of our 0% entry-fee investment funds.
The short trading week has been positive so far and looks to round off today in good fashion.
Asian markets were mixed today after stronger than expected data out of China and the Federal Reserve in the US continuing their line on reducing QE. Economic Growth for Q1 was 7.4% according to the Chinese government, proving to be better than analysts' expectations. Although lower than Q3 of 2013 it was still ahead of projections along with an increase in GDP attributed to a 8.8% increase in Industrial Output for March. Retail Sales were also higher, up 12.2% on the previous year which gave weight to the economy being boosted by domestic consumption. The Nikkei in Japan managed to finish the week level after a 3% increase on Wednesday which would have no doubt eased the local investors.
Asian Markets as of 17th April 2014:
Nikkei 14,417.53 -0.00 SSE Comp. 2,105.12
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