Global Market Report - September 4 2017

The weekend's missile testing by North Korea set the tone for the start of the trading week

James Gard 4 September, 2017 | 11:35AM
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Asia

As at the start of last week, global investors have been forced to react to North Korea’s latest military hostility. The country’s testing of a nuclear missile – and the US’s threat of a “massive military response” – has sent markets lower on Monday, particularly in Japan, Hong Kong and South Korea. Japan’s Nikkei and Topix indices were off nearly 1%, while South Korea’s Kospi was more than 1% lower at the close.

Stock markets in China shrugged off the weekend’s drama, with the main indices ending the day marginally higher than on Friday. Australia’s All Ordinaries index was also a touch lower ahead of Tuesday’s interest rate decision, where the central bank is expected to maintain the base rate at 1.5%.

Europe

Markets in Europe took their cue from the drop in Asian equities. In the UK, the manufacturing PMI for August came in lower than expected – the index came in at 51.1, the lowest in a year, and just above the line that divides expansion from contraction. The FTSE 100 was off around 8 points at 7430 in midmorning trading.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fresnillo PLC906.80 GBP0.00
Hewlett Packard Enterprise Co14.43 USD0.00Rating

About Author

James Gard  is content editor for Morningstar.co.uk