• MTS Futures News_PM_20200109

    9 Jan 2020 | SET News


· Asian stocks rebounded on Thursday and oil edged up as the United States and Iran backed away from the brink of further conflict in the Middle East and investors unwound safety plays.

U.S. President Donald Trump responded overnight to an Iranian attack on U.S. forces with sanctions, not violence. Iran offered no immediate signal it would retaliate further over a Jan. 3 U.S. strike that killed one of its senior military commanders.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1%, as did Hong Kong’s Hang Seng and Shanghai blue chips, reversing Wednesday’s losses.



· Japanese shares jumped the most in nearly a month on Thursday, recovering all the losses from the previous session, after the United States and Iran signalled their desire to avoid further military conflict.

The benchmark Nikkei index ended up 2.31% at 23,729.87, its biggest one-day percentage increase since Dec. 13.

The Nikkei erased Wednesday’s 1.57% decline, triggered by Iranian missile attacks on facilities hosting U.S. military forces in Iraq in retaliation to the U.S. killing of a prominent Iranian general last week.

The attack initially roiled global financial markets as it stoked fears of a wider conflict in the Middle East.

However, markets regained their composure after U.S. President Donald Trump said there were no casualties and the United States did not necessarily have to hit back.



· China stocks ended higher on Thursday, largely erasing losses from the previous session, as tensions in the Middle East mitigated after remarks from the United States and Iran.

The blue-chip CSI300 index closed 1.3% higher at 4,164.37, while the Shanghai Composite Index gained 0.9% to 3,094.88.





· European shares touched a record high Thursday, tracking broader gains in global equities, after the United States and Iran backed away from further military escalation in the Middle East.

The pan-European STOXX 600 index rose 0.6% to a record high of 420.98, while stocks in Germany .GDAXI, the bloc's biggest economy, gained 1.1%.




Reference: Reuters, CNBC



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