Global Market Report - February 6

European markets were under pressure today with more bad news from German industry, while the US dollar gained after the State of the Union speech

James Gard 6 February, 2019 | 10:57AM

Global Market Report

Asia

Japan’s Nikkei crept higher today but is still a way off the 21,000 points level. Hong Kong and China markets remain closed for Lunar New Year. 

Europe

After yesterday’s gains, European markets were under pressure today. Recent weakness in sterling propelled the FTSE 100 to strong gains, but a recovery in the pound back above $1.30 has hit the index today. Nevertheless, daily losses of around 7 points are modest, and the FTSE 100 is still above 7,150 points.

Following on from annual results by online food retailer Ocado (OCDO) yesterday, its shares fell sharply today as a fire at its Andover site is more severe than first thought.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Eli Lilly and Co163.36 USD-1.86
GlaxoSmithKline PLC ADR39.91 USD-1.14
Ocado Group PLC567.44 MXN106.80

About Author

James Gard  is content editor for Morningstar.co.uk

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