Global Market Report - April 10 2019

Global investors have much to weigh up today, including Brexit, US inflation and the European Central Bank meeting

James Gard 10 April, 2019 | 11:05AM

Global Market Report

Asia

China’s Shanghai Composite Index managed a marginal gain today despite weakness across most Asia-Pacific markets, including Japan and Hong Kong. South Korea’s Kospi was one of the best performers in the region.

Europe

Today’s European Central Bank press conference overshadows the European economics calendar today.

The UK’s FTSE 100 was rangebound despite an early push from Tesco (TSCO), which published positive full-year results today.

Currency investors are awaiting news from the EU on Britain’s request for a Brexit extension, which is likely to be granted – the question remains for how long Brexit will be delayed.

North America

Today’s US inflation figures are one of the highlights of the economic calendar this week. Consumer Price Index is expected to have risen by 1.8% in March on the same month last year, up from 1.5% in February.

FOMC minutes for March’s meeting, where interest rates were held, are due after the market opens today.

US futures suggest a gain at the open despite weaker sentiment stemming from the IMF’s gloomy report on the world economy and a potential trade spat between the US and Europe.

In terms of earnings, Bed Bath and Beyond (BBBY) is one of the most well-known names to report.

 

 

 

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
Bed Bath & Beyond Inc7.71 USD3.07
Tesco PLC216.50 GBX-1.46

About Author

James Gard  is content editor for Morningstar.co.uk

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