Global market report - January 28

Highlights of a very busy week for global affairs include the Federal Reserve meeting, a visit to the US from China trade delegates, a new Brexit vote and Apple earnings

James Gard 28 January, 2019 | 7:00PM

North America

US Government workers start returning to work this week but stock markets have largely shrugged off the potential economic disruption from the shutdown. Still, news of a breakthrough between the two sides helped equities close higher on Friday.

The Federal Reserve is set to meet this week for the first time this year, although no change to interest rates is expected. It’s a busy week for economics data, not least because the shutdown has held back some releases. US GDP is due on Wednesday, while Durable Goods Orders and Consumer Confidence figures on Tuesday. The US economy is expected to have expanded by 2.6% in the fourth quarter on an annualised basis.

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James Gard

James Gard  James Gard is subeditor for Morningstar.co.uk.