Global Market Report - March 15

World markets are generally positive at the end of a week of drama involving Brexit, Boeing and the Bank of Japan

James Gard 15 March, 2019 | 11:10AM

Global Market Report

Asia

China’s Shanghai Composite Index moved back above 3,000 points on Friday after a retreat in the last couple of days.

The Bank of Japan held rates at -0.10% and warned of a global slowdown. Japan’s Nikkei made a modest gain, in line with higher Asia-Pacific markets.

Europe

The FTSE 100 nudged above 7,200 today as the pound retreated slightly against the dollar after a recent move above $1.33.

After this week’s Brexit drama and the politicised Spring Statement, the economics diary reasserts itself next week, with the Bank of England meeting, inflation and jobs data due.

In Europe, Spain was one of the best-performing markets, but most indices were up by less than 1% on the day.

North America

US futures suggest a gain today after yesterday’s uncertain finish, with the dollar and Treasury yields carefully poised.

March’s University of Michigan Sentiment index is the highlight of the US economics calendar today.

Investors are looking ahead to next week’s Federal Reserve meeting.

 

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About Author

James Gard  is content editor for Morningstar.co.uk

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