Global Market Report - April 25 2019

China shares slumped today, while European shares were mixed ahead of more US earnings from Amazon, Intel and 3M

James Gard 25 April, 2019 | 10:48AM

Global Market Report

Asia

China’s Shanghai Composite Index lurched lower today after a reasonable run, sliding nearly 2.5% after a sharp fall late in the trading session. This fall was despite a dovish signal from the Chinese central bank.

Japan’s central bank also struck a similar note, saying it had no plans to raise interest rates for another year. Sceptics would add a postscript of “at least” to that message. Along with the ECB, the Bank of Japan is not expected to raise interest rates for the foreseeable future. With the dollar gaining ground against the yen in the year to date, Japan’s Nikkei has been well supported, and rose again today.

Europe

UK banks are in focus today: Royal Bank of Scotland (RBS) announced that its chief executive, who took over in October 2013, is to stand down next year. The shares drifted nearly 1% lower today.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
3M Co140.70 USD5.16
Amazon.com Inc1,997.59 USD4.77
Barclays PLC97.40 GBX12.52
Facebook Inc A165.55 USD7.37
Intel Corp58.43 USD7.94
The Royal Bank of Scotland Group PLC116.88 GBX9.19

About Author

James Gard  is content editor for Morningstar.co.uk

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