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MTS Futures News_AM_20181211

11 Dec 2018

• European stocks slipped on Monday afternoon, falling on worries over slowing economic growth and after a Brexit vote in U.K. parliament was been delayed by Prime Minister Theresa May.

The pan-European Stoxx 600 finished provisionally down by around 1.8 percent with all sectors and major bourses in negative territory.

Britain's FTSE 100 index slipped, down 0.7 percent, after May confirmed to the parliament that the crucial Brexit vote will be pulled.

• Stocks rose on Monday, erasing sharp losses from earlier in the day, as shares of technology companies posted strong rebounds across the board.

The Dow Jones Industrial Average closed 34.31 points higher at 24,423.26, erasing a 507-point drop. The S&P 500 rose 0.2 percent to 2,637.72 while the tech-heavy Nasdaq Composite jumped 0.7 percent to 7,020.52.

Facebook shares rose 3.2 percent while Amazon, Netflix and Alphabet all rose more than 0.6 percent. Apple, meanwhile, erased a more than 2 percent pull back to close 0.65 percent higher.

• Stocks in Asia traded mostly lower in the morning on the back of a volatile session on Wall Street which saw the Dow recover from a 507-point drop.

In Japan, the Nikkei 225 slipped 0.21 percent in early trade while the Topix index fell by 0.46 percent. Shares of Japanese conglomerate Softbank, however, rose 2.8 percent after the company announced on Monday that shares of its mobile unit IPO would be priced at 1,500 yen apiece (approx. $13.25).Softbank is expected to raise 2.65 trillion yen from the listing (approx. $23.4 billion).

Reference: CNBC, Reuters

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