Global Market Report - March 22

European investors were spooked by dire German manufacturing data, and this is expected to have a knock-on effect on North American equities at the open on Friday

Morningstar 24/03/2562

Global Market Report

Asia

Main indices in Asia made very incremental gains on Friday, with China’s Shanghai Composite Index and Hong Kong’s Hang Seng holding above the 3,100 and 29,100 point levels respectively.

A positive close on Wall Street helped maintain the risk-on mood ahead of another set of trade talks next week – however, Europe’s abrupt slide on Friday is expected to trigger a fall in US equities that could spill over into Asia for the Monday open.

Europe

Markets in Europe slipped today as this week’s positive mood turned sour on Friday. The trigger was a much weaker German manufacturing purchasing managers’ index (PMI).

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Security NamePriceChange (%)Morningstar Rating
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Tiffany & Co121.99 USD6.51

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