Global Market Report - September 12 2017

World markets were broadly positive on Tuesday, tracking stronger moves on Wall Street overnight

James Gard 12 September, 2017 | 11:01AM
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Asia

With the S&P hitting record highs overnight, Asian markets inevitably followed suit by trading higher. Starting with Japan, both the Nikkei and Topix indices closed around 1% higher, boosted again by a weaker yen.

Investors had to digest the latest diplomatic moves against North Korea as the UN security council voted to limit oil supplies to the communist country rather than halt supplies altogether. Both Hong Kong’s Hang Seng index and China’s CSI 300 were modestly higher at the close, as was South Korea’s Kospi.

Europe

The biggest economic announcement of the day in the UK was August’s inflation data. Prices rose by 2.9% year on year, above forecasts, which pushed the pound up against the dollar in morning trading. The inflation data also pushed the FTSE 100 lower after an earlier positive start to the trading day.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Apple Inc148.56 USD1.20Rating
Ashtead Group PLC5,650.00 GBX-0.56Rating
Radiant Logistics Inc6.12 USD-3.01
Swiss Re AG83.26 CHF0.26Rating

About Author

James Gard  is content editor for Morningstar.co.uk

 

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