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Global Market Report - March 13

World markets were mixed on Wednesday as investors focused on global growth concerns, Boeing and Brexit

James Gard 13 March, 2019 | 11:05AM
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Global Market Report


China’s Shanghai Composite Index reversed its recent positive trend on Wednesday, losing 1%, but still clinging on to the key technical level of 3,000 points.

Hong Kong’s Hang Seng lost less than 0.5%, while Japan’s Nikkei was off just below 1%.

Chinese industrial production and retail sales data is due towards the end of the week, as is the Bank of Japan’s policy announcement.


The non-reaction from the stock and currency markets to yet another bruising Brexit defeat by UK Prime Minister was notable. The FTSE 100 was barely changed on Wednesday morning and analysts pondered whether the next vote – to take no deal off the table – would actually be positive for the UK currency, which is higher than at the start of the week

The Eurozone saw modest moves, with France’s CAC just positive approaching midday, while Germany’s DAX was under water.

North America

The Dow’s divergence from the S&P 500 is expected to continue on Wednesday with Boeing weighing on the former. But S&P 500 futures are currently lacking a strong direction ahead of the open.

Boeing (BA) shares remained under pressure on Tuesday, losing 6%, and they are down 2% in pre-market trading.

In terms of US economics, provisional January data for durable goods orders are due on Wednesday. The data release is before the market opens. Looking ahead to Friday, the University of Michigan Sentiment index is due for March.




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