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

Global Market Report

Asia

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.

Europe

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.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

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.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AstraZeneca PLC8,480.00 GBX-1.15
Manulife Financial Corp17.93 CAD-1.75
Restaurant Brands International Inc74.02 CAD-0.28
The Royal Bank of Scotland Group PLC118.05 GBX-2.11

About Author

James Gard  is content editor for Morningstar.co.uk

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies