Global Market Report - June 11, 2018

World markets started the week modestly higher in a key few days for economic and global politics

James Gard 11 June, 2018 | 11:01AM

Asia

Markets in the region were the first to react to the headline-grabbing G7 summit in Canada. Despite the obvious lack of progress and spats between major countries such as the US and Canada over trade, investor reaction has been muted. As the news cycle moves on, so attention now turns to President Trump’s historic meeting with the North Korean leader in Singapore.

Hong Kong’s Hang Seng edged 100 points higher to reclaim the position above 31,000 points. The yen’s softening against the dollar helped Japanese equities once more. The Bank of Japan makes its interest rate decision at the end of the week.

Europe

The pound softened on poor construction figures, helping the FTSE 100 to make some morning gains. It’s a big week for market-moving economic data, with unemployment figures due on Tuesday and inflation data out on Wednesday. The blue-chip index was less than 1% higher in midmorning trading at just over 7,700 points.

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About Author

James Gard  is content editor for Morningstar.co.uk

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