To help our clients create a "Quality Life Plan" allowing them to plan and control their financial future.
Gateway Financial Advisors Inc.
Walnut Creek, CA 94596
Financial & Economic Brief - October 1st, 2014
• U.S. Economy Grows as Pace Rises in Second Quarter - The Commerce Department on Friday said that its estimate of the gross domestic product (GDP) showed the economy expanding at an annual rate of 4.6%.
• Hong Kong Protests Hurt European Stocks - The pan-European FTSEurofirst 300 index was down 0.43% as Hong Kong unrest impacted Asia-exposed shares such as HSBC and Standard Chartered.
• Multinationals Not Creating U.S. Jobs - Over the past 4 1/2 years American employers have created 10 million U.S. jobs, while the large multinational companies have added few.
Financial & Economic Brief - September 24th, 2014
• Dollar Climbs to Highest Level - While government bonds have fallen this month, the U.S. dollar concurrently climbed to its highest level since 2010.
• Stocks Open Lower - The Dow Jones, S&P 500, and Nasdaq indexes were all down; the Dow Jones industrial average was down 0.2% and the S&P 500 index fell 0.4%.
• College Debt Weighs on Gen Xers - Gen Xers are making more money than their parents did at the same age, but they have not accumulated as much wealth.
Financial & Economic Brief - September 17th, 2014
• Investors Await Fed News - U.S. stock futures are holding steady despite last week’s decline in the stock market.
• Stocks Fall as Bond Yields Rise - The S&P 500 fell 0.6% to 1985.54 on Friday, the lowest level since August 19.
• Euro Zone Trade Surplus Rises - The European Statistics (Eurostat) office data showed that the euro zone’s trade surplus rose year-on-year in July as exports grew faster than imports.
Financial & Economic Brief - September 10th, 2014
• August Job Numbers Down - After six straight months that saw more than 200,000 jobs added, the job market added only 142,000 jobs in August.
• Scotland Independence Vote Brings Uncertainty - On September 18, Scottish voters decide whether Scotland will become independent of the U.K., and the uncertainty of the outcome has raised anxiety.
• Alibaba Readying for IPO: Valuation Possibly Huge - In preparation for its initial public offering, the Chinese e-commerce giant, Alibaba, estimates its stock will sell for $60 to $66 per share.
Financial & Economic Brief - September 4th, 2014
• Consumer Spending Dips - U.S. consumer spending fell 0.2%, adjusted for inflation, in July.
• Survey Says China Targets Foreign Countries - 60% of respondents reported that they think foreign business is less welcome in China than in the past.
• Markit Sees U.S. Manufacturing Industry Expand - Markit reported last week that in August the U.S. manufacturing industry grew, and employment in that area grew faster than it has grown since March of 2013.