Global Market Report - March 18

World markets were in positive mood today, with strong gains in Chinese markets and investors looking ahead to the Federal Reserve meeting

James Gard 18 March, 2019 | 11:10AM

Global Market Report

Asia

Chinese markets bounced back at the start of the new trading week, helped by a more positive global mood. Once again, the Shanghai Composite Index was the outstanding performer among Asia-Pacific markets, rising nearly 2.5% on Friday’s close to 3,096 points. Having breached 29,000 points last week, Hong Kong’s Hang Seng moved comfortably above this technical level with a gain of nearly 1.5% to 29,409 points.

Europe

The potential merger of German giants Deutsche Bank (DBK) and Commerzbank (CBK) has dominated the European business pages today and nudged up both banks’ shares prices.

The British pound slipped as the Prime Minister faces yet another week of tense Brexit negotiations, and this gave support to the FTSE 100, which rose 47 points to 7,275 in midmorning trading.

The Bank of England meets this week, and is expected to keep interest rates on hold.

North America

US futures look relatively stable for Monday’s opening bell ahead of a busy week for global economics. The Federal Reserve’s meeting is the highlight of the calendar. Investors are expecting the Fed to signal one rate hike this year.

Boeing (BA) shares are under pressure again in pre-market trading as regulators scrutinise the 737 MAX 8 engine.

 

 

 

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Boeing Co371.96 USD-0.78
Commerzbank AG6.11 EUR-0.73
Deutsche Bank AG6.27 EUR-1.48

About Author

James Gard  is content editor for Morningstar.co.uk

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