MTS Futures News_PM_20180820

MTS News

MTS Futures News_PM_20180820

20 Aug 2018

·       The S&P 500 has rallied again during the trading session on Friday, as traders celebrate the idea of the Chinese coming to the table. Because of this, we rallied again and filled the gap from earlier in the week. The question now is whether or not we can continue to go higher. I believe that the market continues to be very noisy overall, and I think that short-term pullbacks should be buying opportunities. I also recognize that the 2800 level should be massive support, and that it’s only a matter of time before buyers would come in on those dips unless of course tensions get worse between the Americans and Chinese. A break out to a fresh, new high should send this market to the 2900 level, and then perhaps even the 3000level. Earnings have been good, so barring external factors, there should be willing buyers.

·       ตลาดหุ้นยุโรปปรับตัวสูงขึ้นเล็กน้อย ท่ามกลางเหล่านักลงทุนที่รอคอยการเจรจาทางการค้าระหว่างสหรัฐฯและจีนในสัปดาห์นี้ ทั้งนี้ ดัชนี Stoxx600 เพิ่มขึ้น 0.2% หลังจากเปิดตลาด ขณะที่ตลาดส่วนใหญ่เคลื่อนไหวในแดนบวก

·       Most Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from alarming lows.

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.6 percent. Hong Kong’s Hang Seng index added 0.9 percent.

·       Japan’s Nikkei fell on Monday as chip-related stocks weakened, tracking their U.S. peers’s declines on Friday, while trading was thin as investors awaited developments from trade talks expected between the United States and China this week.

The Nikkei share average dropped 0.3 percent to 22,199.00. The broader Topix declined 0.3 percent to 1,692.15, with only 983 million shares changing hands, the lowest level since early April.

·       Shanghai stocks recovered from a 2-1/2-year low to close higher on Monday after a report that China’s securities regulators summoned brokerage analysts for views on the market improved investor sentiment.

The Shanghai Composite index ended up 29.50 points or 1.1 percent at 2,668.97. Earlier in the trade, the index fell up to 0.6 percent to 2653.1119, the lowest since Feb. 262016.


Reference: Reuters, CNBC

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