Global Market Report - November 13 2017

A resurgent yen pushed Japan's Nikkei down sharply on Monday, while UK investors were digesting the latest political turmoil in the Cabinet

James Gard 13 November, 2017 | 11:09AM
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Asia

After a recent winning streak in which Japanese equities hit 25-year highs, the Nikkei 225 started the week with a slump of over 300 points as the yen strengthened against the dollar. A muted close on Wall Street added to the weaker sentiment on global equities, especially without the driver of strong US earnings releases to push markets higher.

China’s CSI 300 and Hong Kong Hang Seng managed to buck the negative trend in Japanese, South Korean and Australian benchmarks by closing modestly higher than Friday’s close.

Europe

Weekend reports of further disharmony in the Conservative Party have unsettled the pound on Monday morning, which has made strong moves downwards against the euro and the dollar. With the Budget set to be delivered next Wednesday, political commentators are focused more on the Prime Minister’s chances of survival in the coming months rather than details of fiscal policy.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Cisco Systems Inc52.07 USD-2.00Rating
Electricite de France SA11.63 EUR-1.98Rating
Fresnillo PLC823.40 GBX2.26
Gap Inc31.28 USD-3.40Rating
Hasbro Inc91.03 USD-0.88Rating
Mattel Inc19.40 USD0.36Rating
Pearson PLC843.00 GBX-2.39Rating
Royal Dutch Shell PLC B1,362.20 GBX-3.96Rating
Target Corp230.53 USD-0.30Rating
Taylor Wimpey PLC160.70 GBX-3.66
Walmart Inc135.17 USD-1.85Rating

About Author

James Gard  is content editor for Morningstar.co.uk

 

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