Global Market Report - July 25

EU-US trade relations provided a distraction for investors today ahead of Facebook's results

James Gard 25 July, 2018 | 11:07AM
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Global Market Report

Asia

China’s recent winning streak came to an end today with a very modest fall in the Shanghai Composite Index. But Hong Kong’s Hang Seng managed to make gains, rising by around 1% to 28,920 points. In the context of the index’s recent high above 33,000 points, it still has some way to go before regaining these levels. Japan’s Nikkei and Topix indices were marginally higher on Tuesday’s close.

Europe

The trade relationship between the EU and the United Status has come back into focus this week as EC President Jean-Claude Juncker meets President Trump. The meeting takes the focus temporarily off the China-US spat and also has implications for the UK’s post-Brexit trade deals – International Trade Secretary Liam Fox is currently in the US scoping out the prospect of UK deals.

European bourses were mixed, with France’s CAC 40 and Italy’s FTSE MIB inching head, while Germany’s Dax and Spain’s Ibex lost some ground after yesterday’s move higher.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Boeing Co197.85 USD0.00Rating
Coca-Cola Co52.45 USD0.00Rating
Facebook Inc A324.46 USD0.00Rating
GlaxoSmithKline PLC1,525.00 GBP0.00Rating
Visa Inc Class A193.77 USD0.00Rating
Vodafone Group PLC109.34 GBP0.00Rating

About Author

James Gard  is content editor for Morningstar.co.uk