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World Markets Today 18/03/2019

posted onMarch 18, 2019

Asian stocks rose on Monday as the U.S. and China looked to be closer to a trade deal. According to a Xinhua news agency report both sides have made further “concrete progress” on the text of the trade agreement. 

European stocks held firm with banks leading the surge after Germany’s largest lenders Deutsche Bank and Commerzbank confirmed they were in merger talks over the weekend.Both Frankfurt-based banks surged to the top of the European benchmark.

Market focus was also largely attuned to the latest Brexit developments. Media outlets earlier reported that the United Kingdom's cabinet members expect that the European Union would grant the UK a nine-month delay to the original Brexit date.

Across the Atlantic, US stock indices finished modestly higher, extending the market's solid gains from a rally last week as US Agriculture Secretary Sonny Perdue claimed talks with China were still "very dynamic."

World Markets Headlines Today

Hong Kong shares up on China stimulus hopes and trade optimism (Nikkei Asian Review)
Miners lift sharemarket (The Australian Business Review)
Sensex, Nifty flat after extending rally for sixth day (Mint)

European Shares Seen Up On Trade Optimism (RTT News)
European markets edge higher; shares of Deutsche Bank and Commerzbank jump 4% amid merger talks (CNBC)
European markets are higher today with shares in London leading the region (CNN Money)

U.S. Stock Benchmarks Edge Higher on Energy Rally (Bloomberg)
Stocks struggle for direction ahead of Fed meeting; Boeing drags on Dow (Marketwatch)
Stocks Mostly Higher Amid Concerns About Boeing and China Trade Talks (The Street)

Gold slips as share markets gain ahead of Fed meeting, 
Oil slips on economic slowdown, but OPEC-led cuts still support (Reuters)

All Continents Stock Indices Closing Prices

Japan's Nikkei grew 0.62% and Shanghai's Composite Index jumped 2.47%. Shenzhen's composite spiked 2.88%. Hong Kong's Hang Seng was up 1.37%. Mumbai’s Sensex increased by 0.19% while the NIFTY 50 added 0.31%. Australia’s ASX200 rose 0.25%. Singapore's STI rose 0.40% and Seoul’s KOSPI ended stronger by 0.16%. Thailand’s SET dropped 0.49% while Jakarta's Composite moved up 0.75%. Malaysia's KLCI was higher by 0.62. Taiwan's TWII advanced 0.70%.

The Paneuropean STOXX 600 was up 0.27%. London’s FTSE grew 0.98% and Germany’s DAX fell 0.25%. France’s CAC increased by 0.14%. Amsterdam’s AEX ticked up 0.01% and Belgium’s BEL20 rose 0.83%. In Lisbon, the PSI20 was higher by 0.83%. Moscow’s IMOEX  added 0.28% and Milan’s FTSE MIB finished the day 0.90% in the green. Spain's IBEX35 was higher by 0.72%.

The Swiss Market Index moved up 0.15%. In Scandinavia, Oslo’s OBX increased by 0.61%. Helsinki’s OMXHPI gained 0.51%. Stockholm’s OMXS30 ended stronger by 0.58%. Copenhagen’s OMXC25 bounced higher 0.26%.

In Central Eastern Europe, Budapest's BUX was up 1.81% while Warsaw’s WIG was down 0.04%. Prague's PX advanced 0.60%. Bratislava’s SAX fell 0.55%. In the Baltics, OMX Tallinn grew 0.59%, OMX Riga decreased by 0.32% while OMX Vilnius dropped 0.07%.

In Southeastern Europe, Bucharest's BET advanced 0.27% and Sofia's SOFIX increased by 0.38%. Belgrade's Belex 15 rose 1.23% while Podgorica's MNSE10 was unchanged. Sarajevo's SASX grew 0.32% while Banja Luka's BIRS added 1.87%. Ljubljana's SBITOP climbed 1.38% and Zagreb's CROBEX gained 0.26%. Skopje's MBI10 fell 0.08%. Istanbul’s BIST100 was up 1.25%. In Athens, the General Index ended 0.46% stronger and in Nicosia advanced 1.21%.

Dar Es Salaam's DCI added 1.19%.Nigeria's ASI fell 0.06%. Nairobi's ASI was up 1.32%. In Mauritius, the ASI ticked up 0.05%. Uganda's ASI decreased by 0.15% and Zimbabwe's Industrial Index plunged 3.82%.

In the U.S., the Dow Jones closed up 0.25% and the S&P 500 climbed 0.37%. The Nasdaq advanced 0.34%. Canada's S&P/TSX Composite gained 0.69%. Brazil's Bovespa added 0.86%  Chile's IPSA ticked up 0.01%

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