Global Market Report - November 28 2017

UK banks passed their annual stress tests, while US investors get to hear the view of the new Federal Reserve chair Jerome Powell

James Gard 28 November, 2017 | 11:03AM
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An uncertain start to the trading week on Wall Street failed to give Asian markets much of a lift on Tuesday morning, although China’s Shanghai Composite index managed to end higher after Monday’s sharp selloff. Japan’s indices were slightly lower on day as the nation’s equities failed to reach their 25-year highs seen just weeks ago.


UK banks were in focus as the Bank of England released the results of its annual stress test, which models how firms would cope under certain external shocks: for example, a 33% fall in house prices, a rise in interest rates or unemployment, and a sharp fall in GDP.

Unlike last year, no banks needed to raise extra capital, and firms could cope in the event of a “disorderly” or no-deal Brexit. Banks must hold an extra £6 billion after Brexit, the Bank stipulated.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
easyJet PLC888.80 GBX4.64Rating
HSBC Holdings PLC396.60 GBX-1.66Rating
International Consolidated Airlines Group SA181.92 GBX3.76Rating
Lloyds Banking Group PLC46.78 GBX0.56Rating

About Author

James Gard  is content editor for


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