MTS Futures News_PM_20190107

MTS News

MTS Futures News_PM_20190107

7 Jan 2019

• Stocks in Europe traded slightly higher on Monday morning, taking cue from Asia, where trade between U.S. and China was the biggest focus.

The pan-European Stoxx 600 was up by 0.4 percent with almost every sector in positive territory.

• · Asian shares sped ahead on Monday as a dovish turn by the Federal Reserve and startlingly strong U.S. jobs data soothed some of the market’s worst fears about the global outlook.

Chinese stocks firmed after the country’s central bank announced an easing in policy on Friday, with 100 basis points of cuts to bank reserve requirements freeing up around $116 billion for new lending.

Shanghai blue chips .CSI300 rose 0.4 percent, having already climbed over 2 percent on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS put on 1.3 percent.

• Japan’s Nikkei rose on Monday, tracking sharp gains on Wall Street as dovish comments from the Federal Reserve chairman helped ease some of the market’s worries about a slowdown in global growth.

The Nikkei share average added 2.4 percent to 20,038.97, rebounding from a sharp 2.3-percent drop on its first trading session this year on Friday.

• China shares ended higher on Monday after the central bank moved to support economic growth with a broad cut in the amount of cash banks must hold as reserves, but ongoing uncertainty over the economy and outlook for trade continued to weigh on the market.

At the close, the Shanghai Composite index was up 0.72 percent at 2,533.09 points.


Reference: Reuters, CNBC 

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