Global Market Report - March 19

On the day the Federal Reserve begins its two-day meeting, Asia markets were mixed, European markets are higher and US stock futures point to a rise at the open

James Gard 19 March, 2019 | 11:35AM

Global Market Report

Asia

Markets in Asia-Pacific were mixed today after yesterday’s strong start to the working week. Still, daily losses in China and Japan were minor.

A variety of emerging market central banks, including Thailand and Indonesia, are expected to hold interest rates this week.

Japanese inflation figures are due at the end of the week.

Europe

News of a drop in UK unemployment to a 44-year low helped the pound, which had been boosted by the latest Brexit news. Inflation figures are due tomorrow, and the cost of living appears to be going in the right direction – ie. down – at least as far as the Bank of England is concerned.

The FTSE 100 pushed back above 7,300 in a benign global environment for equities.

Germany’s ZEW survey of economic expectations was better than expected but still suggests that negative sentiment prevails for the Eurozone’s largest economy.

North America

US stock futures markets suggest a rise at the open for the Dow Jones, S&P 500 and Nasdaq.

The Federal Reserve starts its two-day meeting today.

US weekly jobless claims are due on Thursday and Canadian inflation figures are also due on the same day. Canada’s consumer price index is expected to have risen by 1.4% in February year on year, the same rise seen in January.

 

 

 

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.

About Author

James Gard  is content editor for Morningstar.co.uk

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites