Global Market Report - March 11

China shares bounced back on Monday, while US investors brace for a busy week of economic data releases

James Gard 11 March, 2019 | 11:07AM

Global Market Report

Asia

China markets bounced back today after Friday’s slump, taking the Shanghai Composite Index back above the key 3,000 points level.

Chinese industrial production and retail sales data are due on Thursday and the Bank of Japan meets at the end of the week to decide on interest rates.

Europe

Markets in Europe took their cue from a revitalised China stock market.

The FTSE 100 was also helped by a dip in the pound ahead of key Brexit votes this week and Wednesday’s Spring Statement from the Chancellor, moving up nearly 1% to around 7,170 points.

Gains in main Eurozone markets were more modest in percentage terms.

North America

US futures were mixed to start the week. The Dow Jones is likely to register the effect of the plane crash over the weekend involving a Boeing (BA) plane as the plane maker is the largest part of the index. But S&P 500 and Nasdaq futures are higher.

US retail sales for January are due today before the market opens. Inflation data is due on Tuesday for February, with a 1.6% increase expected on the year in the Consumer Price Index. Durable goods orders are due on Wednesday.

Oracle (ORCL) and Adobe (ADBE) report later in the week.

 

 

 

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About Author

James Gard  is content editor for Morningstar.co.uk

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