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

Global Market Report

Asia

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.

Europe

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
Rating
Barclays PLC175.92 GBX-0.23
Tencent Holdings Ltd416.80 HKD0.43
The Royal Bank of Scotland Group PLC213.10 GBX-6.82
Walmart Inc117.89 USD0.38

About Author

James Gard  is content editor for Morningstar.co.uk

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