• MTS Futures News_PM_20170927

    27 Sep 2017 | SET News


• Europe’s main benchmarks climbed to a new ten-week high on Wednesday as deals remained front and centre, while a weaker euro also supported indexes which had dipped this summer as the strong currency dented earnings expectations.

The pan-European STOXX 600 gained 0.2 percent to hit its highest level since July 20, while euro zone stocks .STOXXE also rose 0.3 percent. UK's FTSE .FTSE gained 0.4 percent.

• Shares rose on Wednesday as investors hoped for progress on major tax reform in the United States, while the dollar hovered near one-month highs on growing expectations of a U.S. interest rate increase in December.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1 percent, after falling for four straight days to a three-week trough.

• Japanese stocks fell to 1-1/2-week lows on Wednesday as ex-dividend share price adjustments dented high yielders such as automakers, offsetting gains in tech firms which tracked strength in their U.S. counterparts.

About 130 points were cut from the Nikkei by the ex-dividend price adjustment, according to market participants. High-yielding stocks including automakers, railway operators as well as banks and securities firms underperformed.

“The Nikkei would have been stronger today without an ex-dividend effect,” said Yutaka Miura, a senior technical analyst at Mizuho Securities. “The Japanese market’s sentiment itself is positive helped by a weaker yen after Yellen’s comments.”

The Nikkei dropped 0.3 percent, or 63.14 points, to 20,267.05, the weakest level since Sept. 15, moving away from a two-year high of 20,481.27 hit last week.

• Chinese stocks held steady on Wednesday, bolstered by strong gains in resources shares after upbeat industrial profit data and a robust earnings forecast by a major steelmaker helped to ease worries about slowing economic growth.

The blue-chip CSI300 index ended little changed at 3,821.20 points, while the Shanghai Composite Index was also flat at 3,345.27 points.

Reference: Reuters, CNBC

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