MTS Futures News_PM_20181207

MTS News

MTS Futures News_PM_20181207

7 Dec 2018

• European stocks opened higher Friday morning, as investors monitored a fresh batch of economic data after the U.S. central bank delivered a bullish assessment of the world’s largest economy.

The pan-European Stoxx 600 was up around 0.6 percent shortly after the opening bell, with all sectors and major bourses in positive territory.

• Asian shares fought to sustain the slimmest of recoveries on Friday amid speculation the Federal Reserve might be “one-and-done” with U.S. rate hikes, while oil fell anew as producers bickered over the details of an output cut.

MSCI’s broadest index of Asia-Pacific shares outside Japan nudged up 0.4 percent, though that followed a 1.8 percent drubbing on Thursday. Japan’s Nikkei added 0.8 percent.

• Japan’s Nikkei share average snapped a three-day losing streak to close higher on Friday, after Wall Street shares clawed back some of their sharp losses.

Wider gains were capped, however, by resurgent concerns about the U.S.-China trade conflict and caution ahead of the U.S. non-farm jobs report due later on Friday.

The Nikkei ended the session up 0.8 percent at 21,678.68. The index has dropped 3 percent so far this week, weighed by worries about slowing momentum in the U.S. economy and as trade fears whacked global equity markets.

• China’s main equity market indexes ended flat on Friday in thin trade as investors remained cautious after the arrest of a senior Huawei executive sparked a global sell-off on fears it could derail hopes for a lasting U.S.-China trade detente.

At the close, the Shanghai Composite index was flat at 2,605.88 points. But despite the sharp fall on Thursday, it gained 0.7 percent for the week.


Reference: Reuters, CNBC 
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