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


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.


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.”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
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

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James Gard  is content editor for

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