Global Market Report - December 14 2017

European markets lacked direction ahead of key central bank announcements, while US investors will get weekly jobless and monthly retail sales numbers today

James Gard 14 December, 2017 | 10:54AM

Asia

The People’s Bank of China surprised regional investors by hiking short-term interest rates, although it followed the Federal Reserve as it had done in March. The move came ahead of a raft of Chinese economic data, including retail sales and industrial production, which both expanded at the predicted rate.

China’s main markets, the Shanghai and Shenzhen Composite Indices, fell by less than half of 1%. Markets in Hong Kong and Japan also dipped after recent rallies.

Europe

Europe’s central banks step up to the plate on Thursday: the Bank of England is forecast to leave interest rates on old at 0.5% after November’s rate rise and the European Central Bank to also leave rates on hold.

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Security NamePriceChange (%)Morningstar
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Adobe Inc450.02 USD1.05
Costco Wholesale Corp335.70 USD-0.31
Oracle Corp54.02 USD-0.28
Sports Direct International PLC280.10 GBX-2.61

About Author

James Gard  is content editor for Morningstar.co.uk

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