Global Market Report - January 31

The Federal Reserve set the tone for an uptick in world equity prices today, helped by a strong week of tech earnings from Facebook and Apple

James Gard 31 January, 2019 | 10:54AM

Global Market Report

Asia

Stock markets in Asia were broadly positive, tracking a higher close on Wall Street after the Federal Reserve’s cautious outlook for 2019 triggered a move into riskier assets. Positive tech results from the likes of Facebook (FB) and Apple (AAPL) this week helped Hong Kong’s tech-sensitive stocks. The Hang Seng moved up over 1% to 27,942 points, which is nearly 3,000 points higher than at the start of the year.

Chinese economic data also supported regional equities, with both manufacturing and non-manufacturing indices beating expectations for January. China’s cap-weighted CSI 100 was up over 1% to head above 3,200 points.

Europe

It is a busy day for FTSE 100 dividend heavyweights Royal Dutch Shell (RDSB), Unilever (ULVR) and Diageo (DGE), which all posted a rise in profits for the reporting period. While Unilever’s pre-tax profit was up over 50% on 2017, the company’s shares were in the doldrums and were among the FTSE 100’s biggest fallers.

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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
Amazon.com Inc3,104.00 USD-3.00
Apple Inc381.91 USD-0.46
Diageo PLC2,782.50 GBX0.76
Facebook Inc A239.00 USD-2.48
Microsoft Corp207.07 USD-3.09
Royal Dutch Shell PLC B1,217.80 GBX2.44
Unilever PLC4,283.00 GBX2.15

About Author

James Gard  is content editor for Morningstar.co.uk

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