Global Market Report - November 15

UK political turmoil over Brexit set the agenda for a turbulent day in the currency and stock markets, while US investors looked ahead to retail sales and Walmart earnings

James Gard 15 November, 2018 | 11:02AM
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Global Market Report


China stocks bounced on Thursday after a number of trading sessions under pressure, with apparent progress in trade negotiations setting the pace for Asia markets. Hong Kong stocks were boosted by reassuring Tencent (00700) earnings, with the tech firm’s shares rising nearly 6%. The Hang Seng index rose nearly 2% today, a gain of nearly 500 points, which took the index above 26,000 again.


The shock resignation of Brexit Secretary Dominic Raab, less than a day after Prime Minister Theresa May said the Cabinet had agreed the withdrawal agreement, sparked a sell-off in the pound. Sterling dropped from $1.30 to $1.28 and from €1.14 to €1.13.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Barclays PLC183.28 GBP0.00Rating
NatWest Group PLC210.40 GBP0.00Rating
Tencent Holdings Ltd462.40 HKD0.00Rating
Walmart Inc142.63 USD0.00Rating

About Author

James Gard  is content editor for