Global Market Report - September 7 2017

Global investors have plenty to consider on Thursday, including Hurricane Irma and the European Central Bank's latest announcement on interest rates and QE

James Gard 7 September, 2017 | 11:19AM
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Asia

Stock markets in the region were mixed on Thursday despite a modest move higher in US stocks overnight. While still preoccupied by North Korea, Japanese investors were in relatively upbeat mood, sending the Nikkei and Topix indices higher.

Nevertheless, Japan’s stock markets are lower than at the start of this week. Markets in mainland China and Hong Kong were lower on the day as investors weighed up the latest diplomatic moves between China and the US over North Korea.

Europe

The big event on Thursday in Europe is the European Central Bank’s announcement on interest rates and quantitative easing, followed by the press conference in which ECB president Mario Draghi will outline his views on Eurozone inflation, jobs and growth. Investors expect no change to both Bank rate and asset purchases, although there is a slim chance that the ECB will start to wind down its €60 billion QE programme.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Bayerische Motoren Werke AG87.56 EUR1.39Rating
Deutsche Bank AG13.31 USD2.98Rating
Dollarama Inc57.15 CAD0.88
Vistry Group PLC1,195.50 GBX0.97

About Author

James Gard  is content editor for Morningstar.co.uk