I think I will start this thing off today writing my market report with some interesting data to include in it. Unfortunately due to being very busy with my usually heavy load of responsibilities combined with ongoing to do work lists that keep me busy. So, I didn't get to write and post Monday,Wednesday stock,business report to global blog readers,yes definitely blame me it's my fault for not doing it. Well,now that is out of the way let's concentrate on a Friday,weekly wrap up on the global markets with business included. I am posting with this a important chart that I think everyone should study it closely because it gives in my expert opinion a good industry indicator of what,which way the global markets are going to be heading into October. So,its market watch Friday wrapped up here with critical analysis on what happened today combined with this week. First let's start with the "Good News" on this day with data that everyone going to be happy with seeing but watch out for the engine in Asian markets it just ran out of oil to keep it going. Ok.. enough of the semantics,let's get to the facts on how they global markets did this week. Well,certainly interested things have happened this week with a new report about consumer spending is down sharply,no surprise to market people who track this stuff daily. Interest rates have stayed the same thanks in part to the Fed Bank decided to not hike the discount rate. This did help marketeers with some sunshine over this ongoing rate decided recently. This however is just a favorable factor in the overall spread spectrum of the financial,investment and business markets. You see we just got another report released from the Treasury which shows inflation has almost doubled in thing third quarter of 2016. The benchmark on this Fed Bank leading economic industry indicators shows it's hit their 2% mark which is almost double of what it should be for going into the fourth quarter of this year. Fed Bank policy has flip flopped a few times this year with the central bank pushing the printing presses into action trying to jump start a sluggish,weak economy. Jobs added a new sweet spot this week with reports that the overall economy grew a modest 4% in the third quarter with jobs growth. The overall reaction to this modest economic data received a "Yes this is great,so I wager a short term bet on some stocks and bonds" this week investors attitude. People decided to venture out of their den to smile,feel happy but still carried their rain suits just to be certain they were not making a mistake. Market investors and business both global breathed a huge sigh of relief when they found out that Germany biggest bank isn't going under and out of business like what was originally told by corporate big wigs. That great news sent recovery shock waves through global markets as everyone actually witnessed another miracle with Deutsche Bank posting a meager but important profit increase plus stock prices climbed slightly for the first time in a year. Around the globe investors got better yields and stock,bonds performance that what what it's been in other weeks in the third quarter of this year. The Asian markets did a mixed swan dive with the Heesang down about 350.0 points,Others about 210.0 points but towards the end of this week some Asian markets were slightly up on the news that the dollar weakened over this week. Canadian markets reached a combined rally uphill on news about Deutsche Bank and more about the European Central Bank new monetary policy on Thursday going into Friday. American markets climbed up to 180.76 on the Dow with this rally continued to be strong all week. More good news from Apple and Dell drove the markets to conclude that maybe the Bears in the markets have been beaten by a large margin With both Apple,Dell and Boeing posted sizable profit gains for both third quarter and starting fourth quarter this added investors confidence that the uphill rally will continue. Business people also had something to smile about this week with the news that Apple suite in court is going in their favor,winning the suite means big for Apple over patent rights on their IPHONE and other products. So,overall investors and business people global had something to cheer about but with a few shocking choking factors along the way this week. This is my expert analysis of this weeks global investment markets and business.
Have Blessed Day,
John Norton
