Global Market Report - April 24 2019

Asian and European markets were mixed today ahead of earnings from Facebook, Microsoft, Boeing, Visa and Caterpiller

James Gard 24 April, 2019 | 10:37AM
Facebook Twitter LinkedIn

Global Market Report


Despite the S&P 500 and NASDAQ both hitting record highs last night, Asia-Pacific markets were mixed on Wednesday. China’s Shanghai Composite Index crept back above 3,200 points with a very modest daily rise, but Hong Kong’s Hang Seng dropped 157 points or 0.5% to 29,805 points. Japan’s Nikkei was also softer.

The Bank of Japan meets this week and will produce its outlook report and rate decision on Thursday. After that, a range of economic data, including industrial production, retail sales and jobless figures, will be released.


The UK’s FTSE 100 eased back below 7,500 points today after yesterday’s move above this key technical level. Today saw oil giants BP (BP.) and Shell (RDSB) among the losers after Tuesday’s gains. The weakness in the index is despite a softening pound, which dropped below $1.30 this morning.

European exchanges were mixed again, with Paris’s CAC 40 marginally higher on Tuesday’s close and Germany’s DAX in the black despite a weaker reading from the Ifo’s three surveys on business climate, expectations and the current assessment of the economy.

North America

After yesterday’s move to record highs for the two of three main US markets, futures suggest a very modest loss on Wall Street at the open on Wednesday. Nevertheless, the S&P 500 and NASDAQ hit new record highs yesterday and the Dow Jones is within striking distance of its own record.

Facebook (FB) and Microsoft (MSFT) report on Wednesday, while Amazon (AMZN) reports after the market closes on Thursday. Some key Dow Jones names, including Boeiung (BA), Caterpillar (CAT) and Visa (V).

Canada’s central bank is expected to hold interest rates at 1.75% today. Friday will see US GDP for the first quarter released.


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.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating Inc2,146.38 USD0.19Rating
Boeing Co127.14 USD1.29Rating
BP PLC421.64 GBX2.17Rating
Caterpillar Inc206.76 USD-0.57Rating
Facebook Inc A191.29 USD-0.49Rating
Microsoft Corp253.14 USD-0.37Rating
Royal Dutch Shell PLC B  
Visa Inc Class A197.37 USD-1.31Rating

About Author

James Gard  is content editor for