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Follow on Google News | ![]() Optimal Financial Management - Markets Globally Reverse Their Gains More Weak Data From ChinaOptimal is a partnership of individuals with complementary work experience, networks and skill sets. The Partners bring a wealth of experience in wealth management, asset management, investment banking, private equity as well as risk management.
By: Optimal Financial Managment Optimal's business and service offering is completely tailored to the needs of our clients. Some of our clients use Optimal mainly for our wealth management or asset management services and solutions. Others come to us predominantly to get access to unique investment opportunities and advise on investments in the Asia-Pacific region. Through our capital partners capability we provide investors with access to private markets and advise our clients on their corporate needs. Our independence allows us to speak our minds and provide advice and solutions free of vested interests. Optimal Financial Management - Markets Globally Reverse Their Gains - More Weak Data From China March 11, 2015 Asian markets were mixed today following on from yesterdays revisions in the majority of the major global indexes. Data from China disappointed with worse than forecast results for industrial output, retail sales and investment data. This underlines the issues with the Chinese economy as their Central Bank deals with low inflation and a widening trade deficit. Increases in exports due to a strong dollar were countered by a significant 20% reduction in imports. Figures out of Japan did little to impress with machine orders falling by 1.7% over January which saw a 1.9% reduction at the beginning of the year. The dollar reach near a 5yr high at 122.04 before settling at 121.15. Machine orders are seen as a gauge to the economy 6/9mths out and the data saw a mixed response on the Nikkei 225 which at time of writing was relatively flat. European markets had a heavy day with the FTSE falling the furthest, dropping 2.5% being its largest fall this year. The head of the Bank of England confirmed he was not onboard with increasing rates at this time. Greece has been warned to stop wasting time with its reforms. Finance ministers in Europe are still waiting on details of the reforms following on from an extension agreed a couple of weeks ago. The Greeks secured the extension on the basis they would implement large scale reforms whilst reducing government spending and cutting down on tax evasion. So far the new Greek parliament has yet to provide any significant or specific details about its future plans. This situation has led to a massive drop in the Euro which is now at 12yr lows against the dollar and could be heading toward parity very soon. Markets are expected to recover some of the losses seen yesterday as investors looked to exit riskier asset classes. For more information on the services provided by Optimal Financial Management's advisors please visit our website at www.optimalfinancialmanagement.com or contact us on info@optimalfinancialmanagement.com. You can also follow us on Twitter at https://www.twitter.com/ 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 Optimal Financial Management. All market data within this release is for your general information and enjoys indicative status only. Optimal 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. End
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