Global Market Report - July 12, 2018

Asian markets rebounded on Thursday, while European shares gained ahead of US inflation numbers

James Gard 12 July, 2018 | 10:46AM

Global Market Report


Despite a softer close on Wall Street and ongoing trade war noise, markets in Asia-Pacific managed a modest rebound on Thursday. China was the pick of the region, with the CSI 300 and Shanghai Composite registering gains of over 2%. South Korea today warned about the effect of a trade war on its technology exports and the Kospi index crept higher amid wider gains in the region.

Japan’s Nikkei 225 pushed back above 22,000 points with a gain of over 1%. The dollar breached 112 yen for the first time since January 2018. The USD-JPY exchange hit a low of around 104 yen in March but has been on the ascent since as currency traders readjust to the return of the strong dollar.


The takeover battle for FTSE 100 broadcaster Sky (SKY) intensified today, putting the company’s shares at the top of the blue-chip index. Just a day after 21st Century Fox (FOXA) tabled a £14 a share offer for Sky, Comcast (CMCSA) returned with an offer of £14.75 a share. Morningstar analysts raised their fair value estimate for Sky shares to £13.78 a share, which discounts the expected 22p dividend.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Bayerische Motoren Werke AG89.38 EUR0.00
Citigroup Inc72.13 USD0.00
Comcast Corp Class A54.14 USD0.00
Wells Fargo & Co43.88 USD0.00

About Author

James Gard  is content editor for


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