MTS News

MTS Futures News_PM_20190104

4 Jan 2019

• European shares opened higher on Friday following news that the U.S. and China will hold trade talks next week.

The pan-European Stoxx 600 index rallied almost 1 percent, with all sectors and major bourses in positive territory.

Markets in the continent got a slight lift after China’s commerce ministry said the U.S. and Chinese would hold vice-ministerial level negotiations over trade in Beijing on Jan. 7-8. The two countries are trying to reach a breakthrough to resolve their differences over a 90-day tariffs truce.

• Asian shares found a crumb of comfort on Friday as Beijing announced a new round of trade talks with Washington, though recession fears still had markets betting the next move in U.S. interest rates might be down.

MSCI’s index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.4 percent, but was still down 1.8 percent at the end of another rough week.

• Japanese stocks retreated on Friday, buffeted on the first trading session of 2019 as Apple Inc’s earnings warning hit technology stocks and signs of slowdowns in the U.S. and Chinese economies soured broader sentiment.

The Nikkei share average ended the day down 2.26 percent at 19,561.96 after losing as much as 3.86 percent, as investors digested bearish news since the start of the year.

• China stocks bounced back from a more than four-year low on Friday, closing the week higher, as the government said it would cut banks’ reserve requirement ratios and as optimism about trade talks with the United States helped sooth investor nerves.

The blue-chip CSI300 index rose 2.4 percent to 3,035.87, while the Shanghai Composite Index closed up 2.0 percent at 2,514.87.

Reference: Reuters, CNBC

MTS Help Center

MTS News

MTS Futures News_PM_20190104

Hot Line