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

Global Market Report

Asia

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.

Europe

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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Amazon.com Inc3,200.00 USD0.55
Boeing Co178.44 USD2.98
BP PLC290.80 GBX0.28
Caterpillar Inc128.01 USD1.81
Facebook Inc A245.07 USD0.23
Microsoft Corp213.67 USD-0.30
Royal Dutch Shell PLC B1,188.80 GBX0.64
Visa Inc Class A192.55 USD0.18

About Author

James Gard  is content editor for Morningstar.co.uk

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