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MTS Futures News_PM_20180828

28 Aug 2018

· European stocks were higher Tuesday morning, with risk appetite sharpened by the U.S. and Mexico reaching a deal to overhaul the North American Free Trade Agreement (NAFTA).

The pan-European Stoxx 600 was up around 0.3 percent shortly after the opening bell, with most sectors and major bourses in positive territory.

· Asian shares advanced on Tuesday and the U.S. dollar hovered near its lowest in a month, with risk appetite sharpened by the United States and Mexico reaching a deal to overhaul the North American Free Trade Agreement.

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.4 percent for a second straight day of gains. Australian shares added 0.7 percent while Japan’s Nikkei pared early gains to end 0.1 percent higher.

· Japan’s Nikkei breached 23,000 on Tuesday thanks to the United-States-Mexico trade deal, then shed most of the gains on profit-taking but still ended the day at its highest close since mid-June.

The Nikkei share average finished the day up 0.1 percent at 22,813.47.

The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact.

· Chinese stocks ended slightly lower on Tuesday, as investors paused for breath after strong gains the previous session.

The blue-chip CSI300 index fell 0.2 percent to 3,400.17 points, while the Shanghai Composite Index slipped 0.1 percent to 2,777.98 points.

Reference: Reuters, CNBC

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