Global Market Report - April 17 2019

China's better-than-expected GDP data helped Asia markets, but European investors were less convinced

James Gard 17 April, 2019 | 11:07AM

Global Market Report

Asia

China markets received a modest boost from news that first-quarter GDP grew 6.4%, against a forecast of 6.3%, and sentiment in general was helped by another positive close on Wall Street.

Hong Kong was largely unchanged on Tuesday’s close, while Japan’s Nikkei edged ahead. The Japanese index looks to be consolidating above 22,000 points after a recent strong; the Nikkei is up from 19,561 points since the start of the year, in line with the rally in world equity markets. A firming in the US dollar against the yen since the start of the year, from ¥108 to ¥112 currently. The country’s inflation rate is in view at the end of the week.

Europe

Shares in Europe failed to respond positively to China’s higher-than-expected growth.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
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Netflix Inc357.12 USD-1.62
PepsiCo Inc120.46 USD0.17

About Author

James Gard  is content editor for Morningstar.co.uk

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