Global Market Report - March 1

A recovery in China shares on hopes of an imminent trade deal set the tone for a stronger close to the week for global equity markets

James Gard 1 March, 2019 | 10:25AM

Global Market Report

Asia

Markets in Asia-Pacific rebounded on the last trading day of the week, with China’s Shanghai Composite Index closing within touching distance of the key 3,000 points level. Reports of an imminent trade deal between the US and China, plus changes to MSCI weightings that favour China stocks, helped domestic equities.

After yesterday’s weaker China manufacturing data, the Caixin manufacturing PMI was stronger than expected, although the sector is still contracting.

Japanese equities were boosted by a drop in the yen to a 10-week low. The Nikkei moved up 1% on the day to 21,602 points.

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About Author

James Gard  is content editor for Morningstar.co.uk

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