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MTS Futures News_PM_20181115

15 Nov 2018

· “If U.S. stocks are to bounce back, economic indicators will be key,” said Junichi Ishikawa, senior forex strategist at IG Securities in Tokyo.

“Immediate focus will be on today’s U.S. retail sales data, which will provide a view of how private consumption -the main component of economic growth- is faring.” U.S. retail sales for October will be released at 1330 GMT.

· European stock indexes opened higher on Thursday as investors digest the latest news on Brexit and keep an eye on U.S.-China trade talks.

The pan-European Stoxx 600 was up 0.8 percent, with all major indexes in positive territory.

· Asian stocks rose on Thursday, cheered by a bounce in Chinese equities on signs China and the United States may be taking steps to de-escalate their bitter trade dispute, while oil prices resumed their retreat on fears of oversupply.

U.S. government sources told Reuters on Wednesday that China had sent a response to U.S. demands for trade reform but gave no further details, raising hopes the two sides could resume negotiations to end their trade war.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.7 percent. The index had fallen the previous day as the sharp slide in oil prices heightened anxiety about the outlook for broad demand and global growth.

· Japan’s Nikkei fell on Thursday, with banking stocks sliding after disappointing earnings forecasts and losses in U.S. financial shares.

Selling in large market cap stocks such as SoftBank and Fanuc and underperformance in Apple suppliers also hurt the broader market.

· · China shares jumped on Thursday after Beijing delivered a written response to U.S. trade demands, raising hopes for new negotiations between the countries, and as financial and securities companies benefited from policy support for markets.

At the close, the Shanghai Composite index was 1.4 percent higher at 2,668.17. The blue-chip CSI300 index rose 1.2 percent to 3,242.37.

Reference: Reuters, CNBC

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