Global Market Report - January 16 2018

US markets are expected to make a strong start to the trading week after Monday's holiday, and the Dow Jones could hit 26,000 points

James Gard 16 January, 2018 | 10:54AM

Asia

Markets in the Asia-Pacific region rose on Tuesday morning, even without an overnight push from record high levels on Wall Street. With a weaker yen boosting Japanese exporters this week, the country’s Nikkei index pushed towards 24,000 points, a level last seen in 1991. The Nikkei was the best performing index in the region, gaining 1% on the day, with China’s CSI 300 and South Korea’s Kospi not far behind. 

Europe

The fallout from the collapse of UK construction firm Carillion continues to dominate the news headlines and have an effect on listed companies in the same sector. Ordinarily, the collapse of a rival would give an immediate uplift to firms like Galliford Try (GFRD) and Balfour Beatty (BBY), but they both have told the market that they will take a hit from joint ventures with Carillion. The collapse of Carillion also casts a shadow over the once booming listed outsourcing sector.

In UK economics, inflation figures are the highlight of the week’s releases. As predicted, CPI inflation dipped to 3%, from 3.1% in November as rises in food prices eased. Still the figure remains 1% above the Bank of England’s target. The Bank is expecting inflation to ease into 2018 as the effects of the pound’s slide after the Brexit vote recedes. The retail price index, a broader measure of inflation that is often used to benchmark pay deals, was higher than expected at 4.1%.

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
Balfour Beatty PLC286.00 GBP0.00
Bank of America Corporation34.72 USD0.00
Carillion PLC14.20 GBP0.00
Citigroup Inc78.05 USD0.00
Galliford Try PLC170.00 GBP0.00
Goldman Sachs Group Inc237.33 USD0.00
Rio Tinto PLC4,201.50 GBP0.00

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