(MENAFNEditorial)
Floyd Associates Responds to the Recent Decline of Asia Stock Markets
Asian Stocks Lower as European Grown Downgraded and Oil Prices Fall
Los Angeles – Thursday November 6 2014 – Floyd Associates a privately held consulting firm with operations in corporate finance business strategy investment banking and mergers & acquisitions responds to the recent decline in the Asia stock markets.
According to the AP the European Union has cut their already low economic growth forecasts from 1.2 percent in the spring to 0.8 percent this year. There was an even greater reduction in the forecasts for next year as estimates went from 1.7 percent to 1.1 percent. Unemployment is expected decrease but at a very slow rate. Overall the situation in the “euro zone” is looking “extremely fragile” says German Chancellor Angela Markel.
Oil prices have also fallen in recent days. As US production of oil has increased Saudi Arabia has decided to sell oil to the US at cheaper rates in an effort to maintain market share resulting in lower overall prices. The price of US crude went up slightly to from $77.19 to $77.28; however the contract price fell from $78.78 to $77.19.
The combination of the drop in oil prices and the downgraded economic outlook in Europe has had a negative impact on the Asia stock market. According to the AP Japan's Nikkei 225 fell 0.2 percent to 16827.28 and Hong Kong's Hang Seng dropped 0.5 percent to 23733.24. Australia's S&P/ASX 200 declined 0.3 percent to 5501.5. Markets in mainland China and Taiwan also fell.
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About Floyd Associates
Floyd Associates is a privately held consulting firm with expertise in corporate finance business strategy and mergers and acquisitions. Our expert team advises companies of various sizes on capital raising instruments optimal capital structures and formation of strategic alliances. Capitalizing on years of experience the Company offers complete solutions customized to meet the specific needs of each of its clients. The Company intends to form long lasting relationships with its clients and to maximize shareholder value through optimization of capital structure and business planning. Solutions include equity financing business expansion plans global corporate finance solutions and international trade strategies.
Forward-Looking Statements
Except for historical information contained herein the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties which may cause the Company's actual results performance and achievement in the future to differ materially from forecasted results performance and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Contact: info@floyd-associates.com
Source: Floyd Associates
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