19th October 2016, GTC Advisors – US Market Review

Press Release (ePRNews.com) - GENEVA, Switzerland - Oct 19, 2016 - GTC Advisors is a 100% Independent, privately owned Boutique Investment Advisory Firm offering services to retail, corporate and high net worth individuals. Whether you are looking for financial advice or corporate services we have the right team, products and opportunities to make your money work harder for you.

19th October 2016, GTC Advisors – US Market Review

Welcome to the first edition of GTC Advisors market commentary. Each week we will cover a specific market and the relevant news trending in that sector. Please follow our newsroom to keep up to date with what is happening in the markets.

The main three indexes in the US managed meagre gains yesterday as investors start to weigh whether there is going to be a rate hike in December. With a recent Reuters poll now showing almost 70% of analysts believe there will be a hike at the end of the year, the USD saw a slight relaxing against a basket of currencies and investors started to look towards possible safe havens should rates get a boost.

Several drivers are pointing to an increase by the Federal Reserve, most notably the latest consumer price data which indicated there was some moderation in underlying inflation. With a target set at 2% inflation and an economy still underperforming that benchmark, solid consumer spending, and the continued low unemployment seen so far this year should equate to a hike of some degree before the year ends, however, with the general election next month, the Federal Reserve and its Chair, Janet Yellen will still have to be cautious before making any policy changes.

The 3 main US index closes 18.10:

Dow Jones – 18,161.94 (+0.42%)

S&P 500 – 2,139.60 (+0.62%)

NASDAQ – 5,243.84 (+0.85%)

So far in October the three main indexes have managed to stay positive yet without showing any real gains. Poor earnings data and the looming election have seen markets trim risk as we head into November and there is every possibility of a commodities pick up as investors look towards safe havens whilst waiting for the results of the general election to come to bare.

GTC Advisors prides itself in offering a truly global financial service. Our ability to provide a wide range of independent financial advice incorporating multiple sectors, markets and demographics is key to retaining clients and nurturing new relationships. It is our mission to support our clients in every aspect of their financial strategy that sets us apart from the competition.

Contact an advisor today for a free consultation at www.gtc-advisors.com

Source : GTC Advisors
Business Info :
GTC Advisors

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CATEGORIES : Finance
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