Global Market Report - January 25

World markets look set to close the week higher, with European commodity stocks buoyed by signs of recovery in China equities

Morningstar 30/01/2562

Global Market Report

Asia

Hong Kong’s Hang Seng was the outperformer among Asia-Pacific indices today with a rise of nearly 2% on the day. China’s CSI 300, which mirrors the top stocks of the Shanghai and Shenzhen indices, was up by under 1%.

While concrete news on US-China deal remains elusive, and with Chinese New Year looming, markets are likely to trade on a “wait and see” approach and stay within recent bounds. The Shanghai Composite Index is up around 150 points since the start of the year, but at 2,601, it is around 1,000 points lower than at this point last year.

Europe

The euro gained despite Germany’s IFO survey showing the weakest sentiment in nearly three years. Mario Draghi’s cautious tone at yesterday’s European Central Bank press conference chimed with data coming out the currency bloc, especially Germany. In the ECB quarterly survey, the growth forecast for the Eurozone for 2019 has been dropped to 1.5% from 1.8%, while 2020 growth is expected to be 1.5%, against an earlier forecast of 1.6%.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
AbbVie Inc93.85 USD0.87
Apple Inc331.50 USD2.85
Colgate-Palmolive Co72.40 USD2.33
Vodafone Group PLC138.96 GBX1.31

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