Latest Market News

U.S. stocks were in cruise control higher this morning (yet again), with major averages trading to intraday record highs (though the Dow Jones Industrials didn’t take out Nov 7 highs) ahead of President Trump’s speech to the Economic Club of New York at noon. The three major averages held onto gains initially after Trump provided little insight into U.S.-China trade talks, saying a China trade deal could come soon, but if there is no deal, he'll raise tariffs. The comments were in-line with prior commentary with no news timeframe on signing of Phase I deal with China. Citing stock-market records, Trump claimed, “if we had a Fed that worked with us, we could have added another 25% to those numbers” pointing to the stock market gains since his election. After touching highs, stocks slipped into the close, losing steam with no fresh catalyst to boost markets. The 10-year Treasury gained, pushing the 10-year yield down a basis point to 1.929%. There were no major economic data points today after a quiet day yesterday given the Veteran’s Day holiday. On the calendar tomorrow, Federal Reserve's chairman Jerome Powell is due to give testimony to Congress about the U.S. economy. In stock news, DIS advanced after the launch of its streaming service while CBE fell on earnings and ROK jumped after its results.

Oil prices erased gains into settlement, with WTI crude falling 8c to settle at $56.80 per barrel (off earlier highs of $57.55), with inventory data pushed out a day due to the Veteran’s Day holiday. Prices were cautiously higher initially awaiting trade talk updates from President Trump between China and the U.S. which may affect economic growth and oil demand. Gold prices slipped again, holding near 2-month lows after falling -$3.40 to settle at $1,453.70 an ounce.

The U.S. dollar regained solid footing, rising vs. most counterparts as the euro slides back down at the 1.10 level (lowest levels in roughly a month), while was little changed vs. the British Pound and Japanese yen though the Chilean peso collapsed to record lows. No major economic data for a second day and no Fed speakers to mover prices. The USD/CAD pulled back from the one-month high of 1.3257. Treasury market’s little changed most of the session after reopening from yesterday’s closed markets due to holiday – 10-year steady at 1.93%.
 
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As a financial advisor you will offer advice and guidance on financial products and services, including pensions, savings and investment options and personal tax issues. You will examine an individual’s income and expenditure, and will provide advice on saving schemes and products to suit that individual. The advice you offer will be accurate and independent and will never favor one financial product provider over another.

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As a financial advisor you will sell the products of financial service providers and offer appropriate advice. The main types of services you will provide are

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An independent financial advisor offers advice and guidance on financial products and services, including pensions, savings and investment options and personal tax issues. They will examine an individual’s income and expenditure, and will provide advice on saving schemes and products to suit that individual. The advice they offer must be accurate and independent, and cannot favor one financial product provider over another.

In the current climate of fierce competition between advisors, and with the media’s frequent criticisms of unreliable guidance, the need for credible advice is extremely high. Many consumers choosing to consult independent advisors do so after becoming disillusioned with large financial corporations, while others are confused and intimidated by the complex array of financial products on offer.

Financial advisors sell the products of financial service providers and offer appropriate advice. The main types of services sold by advisors are life assurance, mortgages, pensions, health insurance, unit trusts, investment trusts, direct investments (stocks, shares, debentures) and tax efficient investments. Some advisors are involved in corporate finance and other investment activities e.g. planning for school fees. The range of services will depend on the client base and the specialism of the advisor, and may vary from simply advising on a particular area to a comprehensive financial planning service.

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