• MTS Futures News_PM_20190912

    12 Sep 2019 | SET News
· Asian stocks advanced to a six-week high on Thursday on hopes for a thaw in U.S.-China trade relations and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5% and Tokyo’s Nikkei stock index rose 0.96%. Australian shares were up 0.2%.

Chinese stocks rose and the yuan hit a three-week high after U.S. President Donald Trump agreed to delay an additional increase in tariffs on Chinese goods by two weeks at the request of China’s Vice Premier Liu He “as a gesture of good will.”

U.S. stock futures rose 0.38% and safe-havens such as the yen, U.S. Treasuries, and gold weakened in a sign of improving appetite for risk.

· Japanese shares posted solid gains on Thursday, with both the Nikkei and the broader Topix indexes hitting four-month highs, as signs of an easing in U.S.-China trade frictions lifted cyclical stocks such as machine makers.

The Nikkei share average rose 0.75% to 21,759.61, while the broader Topix advanced 0.72% to 1,595.10, both reaching their highest since early May.

· China stocks rose on Thursday as hopes grew for a thaw in Sino-U.S. trade tensions and investors expected more stimulus from Beijing after latest bank lending data.

The CSI300 index rose 0.4%, to 3,945.75, by the end of the morning session, while the Shanghai Composite Index gained 0.2%, to 3,014.80.

Gains were limited with the Shanghai index oscillating between gains and losses, as doubts remained as to whether the two sides would make any progress this time. Both sides are scheduled to meet early next month.

Investors also expected Beijing to roll out more stimulus, as they watched the country's latest money data and sluggish auto sales.


· European stocks traded slightly higher Thursday as investors look ahead to an anticipated announcement of easing measures from the European Central Bank (ECB), while trade tensions between the U.S. and China showed signs of thawing.

The pan-European Stoxx 600 climbed 0.2% with basic resources jumping out to 1% gains, while travel and leisure stocks slipped 1.2% during early trade.

The ECB rate decision is expected at 12:45 p.m. London time, with markets widely anticipating a significant package of monetary stimulus from the central bank, but analysts and ECB officials are striking slightly different tones on its magnitude.


Reference: Reuter, CNBC

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