Global Market Report - March 18

World markets were in positive mood today, with strong gains in Chinese markets and investors looking ahead to the Federal Reserve meeting

James Gard 18 March, 2019 | 11:10AM

Global Market Report

Asia

Chinese markets bounced back at the start of the new trading week, helped by a more positive global mood. Once again, the Shanghai Composite Index was the outstanding performer among Asia-Pacific markets, rising nearly 2.5% on Friday’s close to 3,096 points. Having breached 29,000 points last week, Hong Kong’s Hang Seng moved comfortably above this technical level with a gain of nearly 1.5% to 29,409 points.

Europe

The potential merger of German giants Deutsche Bank (DBK) and Commerzbank (CBK) has dominated the European business pages today and nudged up both banks’ shares prices.

The British pound slipped as the Prime Minister faces yet another week of tense Brexit negotiations, and this gave support to the FTSE 100, which rose 47 points to 7,275 in midmorning trading.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Boeing Co178.44 USD2.98
Commerzbank AG4.55 EUR4.69
Deutsche Bank AG8.83 EUR2.45

About Author

James Gard  is content editor for Morningstar.co.uk

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