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MTS Futures News_PM_20181211

11 Dec 2018

• European stocks opened higher Tuesday morning, as the world’s two largest economies sought to push forward with the next stage of trade talks.

The pan-European Stoxx 600 was up around 0.86 percent shortly after the opening bell, with all sectors and major bourses in positive territory.

• Japan’s Nikkei closed at nearly nine-month lows on Tuesday as worries about global growth pressured financial and cyclical stocks, while uncertainty over a U.S.-Japan trade deal hit automakers.

The Nikkei share average ended 0.3 percent lower at 21,148.02, the lowest close since late March.

The broader Topix fell 0.9 percent to 1,575.31, the lowest closing level since May 2017.

Financial shares underperformed, dragged down by a sell-off in global peers such as Citigroup and Bank of America , after uncertainty over Britain’s exit from the European Union kept investors on edge about global growth.

• Chinese shares rose on Tuesday after Beijing confirmed it was still in trade talks with Washington, but investor confidence remained fragile in Asia after Britain’s prime minister postponed a Brexit vote, sending the pound to near 20-month lows.

At the midday break, the Shanghai Composite Index was 0.3 percent higher at 2,591.75.

Reference: Reuters, CNBC

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