Global Market Report - August 16 2017

European shares rallied on positive economic news, while global investors look ahead to Federal Reserve minutes from July

James Gard 16 August, 2017 | 11:10AM
Facebook Twitter LinkedIn

Asia

Stock markets in Asia were barely changed on Wednesday with a lack of momentum from US indices overnight and a calming in the geopolitical sphere. In Japan the economic calendar was light, with the Nikkei closing slightly lower and the Topix largely unchanged. China received a warning from the IMF about the dangers of its credit bubble turning into a full-blown crisis. The CSI 300 was just in positive territory at the close, at 3701.42.

On the 70th birthday of its independence, Indian shares rallied – the BSE Sensex was over 300 points higher at 31,754.02, a gain of more than 1%.

Europe

Positive news has been emerging of late from the Eurozone, and today’s GDP numbers were no exception – the currency Bloc economies grew by 2.2% year on year in the second quarter, higher than the 2.1% in the first quarter. The news followed a better-than-expected outturn for the Italian economy, which rose 1.5% in Q2, against 1.2% in the first quarter. Italy’s FTSE MIB index was up over 1% at nearly 22,000 in late morning trading – having started the year around 19,500. German and French indices were nearly 1% higher.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

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.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Admiral Group PLC2,913.00 GBP0.00Rating
Balfour Beatty PLC310.40 GBP0.00
Cisco Systems Inc51.60 USD0.00Rating
Leucrotta Exploration Inc0.62 CAD0.00
Target Corp202.96 USD0.00Rating

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
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement