MTS News
MTS Futures News_PM_20181001
1 Oct 2018
· Stocks in Europe hovered around the flatline on Monday morning as investors digested news of a trade agreement between the U.S., Canada and Mexico.
The pan-European Stoxx 600 was mostly flat with the various sectors taking different directions. Travel and leisure was the worst-performer following news that Ryanair had cut its full-year profit guidance. The stock dropped above 8 percent in early deals.
· Asia markets were mixed on Monday as the U.S. and Canada announced that they had reached a deal to replace the North American Free Trade Agreement.
· Japan’s Nikkei share average rose to a 27-year high on Monday, as an extended weakening in yen helped improved export earnings prospects for Japanese corporations, with a last-gasp deal to salvage NAFTA also lifting sentiment.
The United States and Canada forged a deal on Sunday North American time to preserve NAFTA as a trilateral pact with Mexico.
The Nikkei ended the day up 0.52 percent at 24,245.76 after going as high as 24,306.54, its strongest since November 1991.
Reference: Reuters, CNBC