Global Market Report - November 30 2017

Asian markets were mixed on Thursday, while European markets were guided by currency movements after the pound's recent surge against the euro

James Gard 30 November, 2017 | 10:59AM

Asia

Thursday saw contrasting fortunes for Japanese and Chinese markets: the Nikkei pushed up over 100 points to 22,724, near to its 25-year high, while the CSI 300 index shed over 1% on a tech selloff which also dragged down Hong Kong’s Hang Seng. Hong Kong-listed Tencent (00700) fell over 3%. The current volatility of the Chinese stock markets is at odds with its economic performance: November’s manufacturing PMI came in above expectations and was higher than the previous month.

Europe

Optimism over progress in Britain’s EU negotiations continued to support sterling, which rose to $1.34 and €1.13, which pushed the FTSE 100 down further. The UK’s blue-chip index was down below 7,400 points in midmorning trading.

Insurer Aviva (AV) was in favour as its capital markets day upgraded prospects for earnings and dividends in the coming years. The shares were up 2% to 519p as chief executive Mark Wilson said: "We have significant surplus capital and cash and this means we will have GBP3 billion of excess cash to deploy in 2018 and 2019, GBP2 billion of which we plan to deploy next year.”

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Aviva PLC241.50 GBX-10.06
Babcock International Group PLC359.00 GBX-6.32
ConvaTec Group PLC179.00 GBX-4.02
Halma PLC1,863.00 GBX-3.02
Just Eat PLC  
Merlin Entertainments PLC  
Smith (DS) PLC264.80 GBX-3.85
Tencent Holdings Ltd375.80 HKD0.37

About Author

James Gard  is content editor for Morningstar.co.uk

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites