Global Market Report - September 13

Asian equities rebounded after a long losing run amid rising hopes of more trade talks between China and the United States

James Gard 13 September, 2018 | 10:45AM

Global Market Report


Asian equities have been searching in recent trading sessions for macro news to break the downward pressure, and today it arrived in the form of proposed trade talks between the US and China. News of a potential olive branch offered by Treasury Secretary Steve Mnuchin to the Chinese government helped domestic equities bounce back – the Shanghai Composite Index rose 1% on the day, and the recently under pressure Hang Seng index rose over 2% to move back above 27,000 points.

A softening of the yen against the dollar helped give Japan’s equity market a small boost. The Nikkei 225 is close to 23,000 points, but the index has struggled to maintain above this level in 2018; the peak this year above 24,000 has seemed a long way off in recent months, and a brief move above 23,000 points in May was shortlived.


The Bank of England and European Central Bank both announce interest rate decisions today but neither are expected to make any change to rates or quantitative easing.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Adobe Inc477.03 USD1.48
Apple Inc116.59 USD0.48
Marks & Spencer Group PLC127.40 GBX-2.15

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James Gard  is content editor for

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