Global Market Report - January 16

World markets were mixed ahead of more US bank earnings, while the FTSE 100 made its first reaction to Theresa May's rejected Brexit deal

James Gard 16 January, 2019 | 11:07AM
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Global Market Report


Markets in Asia-Pacific put in a mixed performance on Wednesday despite a positive close on Wall Street overnight. China’s Shanghai Composite Index closed virtually unchanged on the day at 2,570 points, while Hong Kong’s Hang Seng eked out a meagre 71 point gain to 26,902.

Japanese inflation data is due at the market open on Thursday. The rise in the CPI is expected to drop back from 0.8% in November to 0.3% in December. Japan’s Nikkei dropped around 0.5% on Tuesday’s close – the index has held above 20,000 points so far this year amid a global recovery in share prices.


The political drama surrounding last night’s vote did not trigger any equivalent excitement in UK stock markets. The pound rallied against the dollar and euro after news that Theresa May’s deal had been rejected as traders anticipated that the government will win the looming vote of no confidence triggered by Jeremy Corbyn.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Bank of America Corp44.47 USD0.00Rating
Citigroup Inc63.70 USD0.00Rating
Goldman Sachs Group Inc380.99 USD0.00Rating
JPMorgan Chase & Co158.83 USD0.00Rating
Netflix Inc641.90 USD0.00Rating
Pearson PLC593.20 GBP0.00Rating

About Author

James Gard  is content editor for