• MTS Futures News_PM_20191024

    24 Oct 2019 | SET News
  
· Asian shares pulled ahead on Thursday as corporate earnings and a ceasefire in northern Syria helped prop up sentiment, though the backdrop of trade and brexit uncertainties was enough to prevent a decisive shift towards riskier assets.

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced0.3% with Japan’s Nikkei finishing up 0.55% after hitting a one-year high. Australian shares climbed 0.3%.

Risk appetite was also aided after U.S. President Donald Trump lifted sanctions on Turkey saying a ceasefire in northern Syria was now permanent.

· Japan’s Nikkei index rallied to its highest level in more than a year on Thursday, as investors bought back recently beaten down semiconductor-related shares on optimism for improved corporate earnings.

The Nikkei benchmark share average ended up 0.55% at 22,750.60. It earlier rose to 22,780.99, the highest since Oct. 18, 2018. So far it is up13% for the year.

Shares rose for the fourth consecutive trading session as investors who recently sold off Japanese technology stocks turned into bargain hunters following Microsoft Corp’s higher-than-expected sales forecasts for its cloud computing services.

A slightly weaker yen, which tends to boost earnings repatriated from overseas, also supported share prices of Japan’s

· China stocks ended flat on Thursday in lacklustre trading, as investors awaited more policy signals ahead of a key meeting of the ruling Communist Party next week.

The blue-chip CSI300 index was unchanged at 3,870.67, while the Shanghai Composite Index was also flat at 2,940.92.

China's ruling Communist Party will hold a key meeting of its senior leadership next week after an unusually long delay since the last one, state media said, as the country grapples with issues ranging from a slowing economy to unrest in Hong Kong.

· European stocks traded slightly higher Thursday morning as traders remain in limbo over an expected delay to the U.K.’s departure from the European Union, while corporate earnings season gathers pace.

The pan-European Stoxx 600 climbed 0.3% in early trade, with autos rising 1.1% to lead gains while tech stocks slipped 1%.


Reference: Reuters, CNBC

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