Global Market Report - January 30

World markets were mixed ahead of the Federal Reserve decision, US trade talks and a raft of earnings from the likes of Facebook, Tesla and McDonald's

James Gard 30 January, 2019 | 11:06AM

Global Market Report

Asia

China shares dropped late in today’s trading session, with the Shanghai Composite Index and CSI 300 closing under 1% lower. But global markets are understandably mixed ahead of the start of US-China trade talks today and the Federal Reserve meeting. Chinese New Year is also looming, so any strong price movements seem unlikely with only two trading days left.

Japan’s Nikkei also drifted lower, closing down over 100 points, or 0.5% at 20,556.

Europe

As usual with Brexit drama, currency markets had anticipated political events. The pound made gains in previous days to as high as $1.32 ahead of Tuesday’s amendment votes. So a lack of price movement in sterling after last night’s drama was to be expected.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alibaba Group Holding Ltd ADR261.01 USD-0.22
Apple Inc383.68 USD0.25
Facebook Inc A245.07 USD0.23
McDonald's Corp184.88 USD0.30
Microsoft Corp213.67 USD-0.30
Tesla Inc1,544.65 USD10.78
Visa Inc Class A192.55 USD0.18

About Author

James Gard  is content editor for Morningstar.co.uk

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