Global Market Report - April 18 2019

World equity markets were softer ahead of the Easter break that is observed in many countries, while US earnings season rumbes on

James Gard 18 April, 2019 | 11:01AM

Global Market Report

Asia

Markets in Asia-Pacific drifted lower on Thursday despite a report saying that the US and China are preparing to sign off a trade deal as early as late May.

Hong Kong’s Hang Seng lost around 0.5% on the day ahead of an extended break for Easter that is not observed in mainland China.

Japan’s Nikkei headed back towards the 22,000 points level.

Europe

Markets in Europe maintained the sluggish feel in evidence all this week, with minor moves on display in either direction: France is up 0.1%, while Germany is down 0.1%.

The UK’s FTSE 100 edged back further away from 7,500 points, a level it has struggled to overcome in recent week – this watermark was last reached in October 2018 before the global sell-off.

North America

US retail sales are in view on Thursday ahead of Friday’s bank holiday. Futures suggest a dip at the open on Wall Street, following on from Wednesday's weakness.

Pinterest provides this week’s IPO drama, with the social network floating at $19 per share or a value of $10 billion. For context, Uber’s flotation is expected to value the company at $100 billion.

Philip Morris (PM) and Honeywell (HON) report earnings before the market opens.

 

 

 

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
Honeywell International Inc173.88 USD3.12
Philip Morris International Inc87.64 USD8.13

About Author

James Gard  is content editor for Morningstar.co.uk

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