Global Market Report - February 11

Markets in China bounced back after the five-day break, which helped European stocks make progress after a choppy February so far

James Gard 11 February, 2019 | 11:02AM
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Global Market Report


Chinese markets roared back to life after a five-day break for Lunar New Year. The Shanghai Composite Index consolidated its position above 2,600 points with a gain of 1.3%. The CSI 300 was u nearly 2% on the previous close, ending at 3,306 points. With the US trade delegation arriving in China on Monday, investors are pinning their hopes on some sort of measurable progress – but any deviation from January’s high hopes is likely to send Asia and US markets back into volatile territory.

Chinese inflation is in view at the end of the week. On Thursday morning, Japan’s GDP data is published. The economy is expected to have expanded by 0.4% quarter on quarter, compared with a drop of 0.6% in the third quarter.


Weaker than expected UK growth figures for Q4 dragged down the pound on Monday. GDP grew by 1.4% in 2018, the weakest since 2012. Third quarter growth in the UK economy was 0.6%, but this expansion dropped to 0.2% in the final three months of the year. December’s 0.4% contraction has also been flagged up by economists as a worrying trend.

Sterling has been above $1.32 this year but today it fell back below $1.29. Against the euro, the pound hit €1.16 in January but is now trading at €1.14.

Inflation is expected to have dropped back to the 2% target in January, with figures released at 930am on Wednesday morning.

In terms of FTSE 100 companies reporting this week, some notable names include AstraZeneca (AZN) on Thursday and Royal Bank of Scotland (RBS) on Friday.

European markets gained strength from Asia's rebound, with rises of around 1% across most indices.

North America

US stock futures are suggesting a modest fall at the open on Monday, despite positive moves in Asia.

Wednesday this week sees the release of US inflation numbers, retail sales data on Thursday as well as the University of Michigan sentiment index on Friday.

Cisco (CSCO) reports on Wednesday. Canada’s Manulife (MFC) is one of many firms listed on the Toronto Stock Exchange to report this week.

Among these are Burger King owner Restaurants Brands (QSR).




The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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James Gard  is content editor for