123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Credence Independent Advisors Asian Stocks Show Improvement, Upbeat Us Corporate Earnings

Profile Picture
By Author: Dwight Harris
Total Articles: 8
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

July 21, 2014 - The investors have set aside geopolitical concerns for the moment.

The volumes kept low, however with the Japanese markets on holiday. MSCI’s broadest index of Asia-Pacific shares outside Japan increased by 0.24%, showing small gains for most markets across Asia.

The results which are due for this week include the reporting of a number of US companies; including Apple Inc, Mc Donald’s Corp, Coca-Cola Co and Caterpillar Inc.

The data from Thomson Reuters showed that of 82 companies in the S&P 500 that had reported earnings through Friday morning, 68% beat Wall Street’s expectations, roughly in line with the 67% rate for the past four quarters and above the 63% rate since 1994. The last week ended with the Dow Jones up by 0.9%, S&P 500 up by 0.5% and the Nasdaq up by 0.4%.

The US treasuries and German debt have remained well underpinned amid geopolitical concerns. However, on Monday US 10 year yields were steady at 2.48%. Whereas, the German bunds were yielding at just 1.16%, having neared all-time lows.

The downing of the Malaysian passenger plan on Thursday has ...
... sparked speculations about rising tensions between the west and Russia. Later today the UN Security Council is due to vote on a resolution aimed at condemning the downing of a Malaysian passenger plane. John Kerry (US Secretary of State) on Sunday put forward what he said was overwhelming evidence of Russian complicity in the downing of the passenger plane.

On the other hand, the Gaza-Israeli conflict has intensified and the military offensive so far has killed hundreds of Palestinians and 13 Israeli soldiers. John Kerry will be travelling today to meet with Egyptian officials and discuss the crisis.

The major currencies have started becoming steady now. The dollar index is steady at 80.513 and has retreated from a one-month peak seen last Friday, when the euro bounced off a five-month trough of $1.3491.

According to traders, buying interest below $1.3500 helped squeeze the euro up to $1.3530. The common currency should see solid support at $1.3460/80, an area that had provided a floor on several occasions in the past 10 months or so.

The Euro was at 137.09 yen after a five-month through of 136.71 and the greenback was at 101.30.

Gold which was swinging between $1,292 and $1,339 in the last week was now idling at $1,310.95 an ounce.

About Us

Credence Independent Advisors was born from a compelling opportunity in the financial services world. In the ever changing dynamic world of financial services, it is important for us to tailor advice and solutions to individual needs. Clients need solutions that make them money and preserve their capital and advisors need happy clients with increasing wealth under management. By harnessing the skills of top quality experienced professionals and cutting edge technology, we are able to bring what was previously only available for multi-million dollar clients to a wider reaching client range and we have done this independently.

Why Us

Our business was set up to be compelling for all its stakeholders; including clients, staff and owners of the business. We offer a compelling experience to our client that delivers what they desire. We strive to fully understand our clients’ financial requirements by remaining in close communication with them over the entire span of the relationship. We endeavor to provide our clients with a financial educational framework which supports them in their investment decision making process, helping them to achieve their financial goals. We align our interests along with those of our clients to ensure the development of a long and fruitful relationship.

Total Views: 282Word Count: 585See All articles From Author

Add Comment

Investing / Finance Articles

1. Features To Look For In A Flexible Payment Gateway Api
Author: Sahil Verma

2. Sub-brokers: Who Are They?
Author: Vinay Pale

3. Know Everything About Promoter’s Holdings
Author: Siddharth Patil

4. 10 Best Practices For Secure Online Payment Processing
Author: Sahil Verma

5. Tax Benefit On Top Up Loan
Author: Pooja Jain

6. Merchant Accounts Vs. Payment Gateways Explained In Simple
Author: Sahil Verma

7. Find The Best Mortgage Broker In Melbourne For A Home Loan
Author: Jayvir Singh

8. Must Read 5 Best Books For Technical Analysis!
Author: FinGrad

9. Home Loan Prepayment
Author: Pooja Jain

10. What Does A Payment Gateway Do With Your Data?
Author: Sahil Verma

11. Switching Your Payment Gateway
Author: Sahil Verma

12. Market Bulls Argue That 2022 Will End On A High Note
Author: Vinay Pale

13. 4 Solid Tips To Help Choose The Best Online Payment Gateway
Author: Sahil Verma

14. Top 10 Stock Brokers In India
Author: onlinezerobrokerage

15. Employee Compensation Plan: The Key To Attracting And Retaining Great Talents
Author: Mary Rose Somera

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: