Global Market Report - April 15 2019

World markets were mixed on Monday but sentiment is in reasonable shape ahead of earnings reports by Goldman Sachs and Citigroup

James Gard 15 April, 2019 | 10:52AM

Global Market Report

Asia

Despite a rallying Wall Street on Friday, Asian markets started the week on a mixed footing today. Japan’s Nikkei was one of the best performing markets in percentage terms, but China’s indices were a touch softer. But the underlying optimism about a potential trade deal between the US and China remains to support sentiment in regional equities.

China’s gross domestic product for the first quarter is on view this week and that will prove another test of the recent rally.

Europe

Compared with the strong close in the US on Friday, Europe’s markets were only marginally higher this morning, and Germany’s DAX was slightly in negative territory approaching midday local time. Germany’s influential ZEW survey is released tomorrow amid ongoing anxiety about the country’s economy.

The UK’s March inflation data will be released on Wednesday, following jobs numbers on Tuesday.

North America

JPMorgan’s (JPM) strong results helped to steady nerves at the start of earnings season. Goldman Sachs (GS) and Citigroup (C) report today and expectations are high.

In terms of this week’s economics, the Federal Reserve’s Beige Book is released midweek, a few hours after Canada’s March inflation data. US retail sales are in view on Thursday.

 

 

 

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
Citigroup Inc66.54 USD-1.39
Goldman Sachs Group Inc190.83 USD-0.43
JPMorgan Chase & Co109.22 USD-0.55

About Author

James Gard  is content editor for Morningstar.co.uk

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