Global Market Report - April 11 2019

World markets were mixed today as concerns over global growth intensified after this week's ECB meeting, Federal Reserve minutes and IMF downgrade

James Gard 11 April, 2019 | 11:05AM

Global Market Report

Asia

Markets in Asia-Pacific were weaker on Thursday despite a benign close on Wall Street the night before, with China’s Shanghai Composite Index one of the worst performing with a drop of over 1.5%. Hong Kong’s Hang Seng dropped below the key 30,000 points level. Japan was the exception in the region, gaining as the yen weakened against currency majors.

The annual rise in Chinese inflation was as expected at 2.3% in March.

Europe

The long-awaited news on a Brexit extension failed to give sterling much of a lift today, with the pound stable against the dollar and slightly weaker against the euro.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
JPMorgan Chase & Co96.27 USD5.47

About Author

James Gard  is content editor for Morningstar.co.uk

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