MTS Futures News_AM_20190531

MTS News

MTS Futures News_AM_20190531

31 May 2019



· Stocks rose on Thursday, regaining some of the losses from the previous session, but the market’s gains were kept in check as worries over the global economy and trade lingered.



The Dow Jones Industrial Average closed 43.47 points higher at 25,169.88, led by McDonald’s and Coca-Cola. The S&P 500 climbed 0.2% to 2,788.86 as the real estate and tech sectors outperformed. The Nasdaq Composite advanced 0.3% to 7,567.72. The major indexes had closed lower on Wednesday, with the Dow losing more than 200 points.



Stock benchmarks briefly turned negative in afternoon trading, around the same time the 10-year Treasury yield gave back its earlier gains. The yield fell to 2.227%, near 20-month lows. The 10-year yield entered May trading above 2.5%.



Plunging yields this month, along with a yield curve inversion, have raised concerns about slowing economic growth. Investors typically see bonds as a safer alternative to riskier assets when economic worries arise.



· Stocks in Asia were set to rise on Friday, and meanwhile, tensions between the U.S. and China continueD to heat up.

Japan’s Nikkei 225 fell 0.82% in early trade, with the Topix index also trading down, by 0.76%. Automakers tumbled across the board, with Nissan dropping 3.8% and Toyota falling 2.47%



Over in Australia, shares were almost flat, edging down by 0.05%.



South Korea’s Kospi also declined in early trade, falling 0.78%. Autos also fell, with Kia Motors tumbling 5.7%.



· Shares in Japan’s major automakers sank on Friday after U.S. President Donald Trump said the United States will impose a 5% tariff on all imports from Mexico from next month, as the move was seen affecting vehicles made in Mexico and sold north of the border.

Shares in Toyota Motor Corp, Nissan Motor Co and Honda Motor Co all fell around 3 percent or more, while Mazda Motor Co fell nearly 7 percent. All four automakers operate vehicle assembly plants in Mexico.



Reference: CNBC


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