Global Market Report - February 5

European markets were higher today, lifted by energy stocks, while many Asian stock exchanges are closed for Chinese New Year

James Gard 5 February, 2019 | 11:00AM

Global Market Report

Asia

Chinese New Year kept China and Hong Kong stock markets closed. Japan’s Nikkei drifted marginally lower on the day.

Australia held interest rates at 1.5% and hasn’t changed interest rates for 30 months. Domestic bank stocks were boosted by news that the regulator is not planning to force a break-up of finance firms.

Europe

The FTSE 100 had three strong drivers today, sterling weakness, a rise in BP’s (BP.) share price after a doubling of annual profits and a general “risk-on” approach by global investors. The index was up over 1% to 7,113, which means that it is up around 400 points since the start of the year.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc A1,434.87 USD0.09
BP PLC311.00 GBX1.72
Ocado Group PLC2,229.00 GBX1.73
The Estee Lauder Companies Inc Class A200.43 USD1.50
The Walt Disney Co118.77 USD1.25

About Author

James Gard  is content editor for Morningstar.co.uk

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