Global Market Report - October 17

US markets' strong gains on Tuesday helped global equities claw back some of last week's losses

James Gard 17 October, 2018 | 10:44AM

Global Market Report

Asia

China and Japan markets managed to claw back some of the recent losses after last week’s sell-off, inspired by a rise in US markets overnight on Tuesday. Earnings seem to be the biggest driver in the US rebound, but China’s gains were modest in comparison. Japan fared better, with the Nikkei rising nearly 300 points or 1.29% to 22,841 points.

The Hong Kong Stock Exchange was closed for a public holiday.

Europe

The FTSE 100 gained some strength early on from the global sentiment, and this was supported by a drop in the pound as September inflation came in below forecasts at 2.4%. The drop in the cost of living supports the idea that UK workers’ pay packets are rising faster than inflation, following yesterday’s wage growth figures.

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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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc A2,282.75 USD-0.11
Amazon.com Inc3,399.44 USD0.60
Crest Nicholson Holdings PLC425.40 GBX-0.61
eBay Inc64.93 USD0.89
Facebook Inc A306.18 USD-0.53
Mediclinic International PLC319.00 GBX0.19
Netflix Inc546.54 USD-0.49
Pearson PLC816.80 GBX0.00

About Author

James Gard  is content editor for Morningstar.co.uk

 

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