• MTS Futures News_PM_202012

    12 Mar 2020 | SET News

· U.S. stock index futures cratered on Thursday, dropping near to their maximum down limit, after President Donald Trump failed to reassure markets with measures to limit the impact of the coronavirus pandemic.

Trump also announced a temporary ban on travel from Europe to curb the spread of the virus, which some analysts said spooked investors.

S&P 500 ESc1 futures fell as much as 4.7% to 2,610 points, near the overnight down limit of 2,601 points. They pared some losses by midsession in Asia, but at 3.8% in the red still point to the possibility of another rough day on Wall Street.

· Financial markets reeled on Thursday as stocks dived and oil slumped after U.S. President Donald Trump took the dramatic step of banning travel from Europe to reduce the impact of the coronavirus, threatening more disruptions to trade and the world economy.

In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 3.2% and touched its lowest level since early 2019, while Japan’s Nikkei crumbled 5.3%.

· Japanese shares tumbled on Thursday, with major indexes at three-year lows after the United States rattled markets by imposing sweeping restrictions on travel from Europe and world health officials declared the coronavirus a pandemic.

The benchmark Nikkei average slumped 4.4% to 18,559.63, its lowest closing level since April 2017. The fall was the second-biggest one-day decline in 15 months and dragged the index into bear market territory - 23% off its Jan. 17 peak.

· China stocks tumbled along with global markets on Thursday as worries deepened over the economic impact of the coronavirus after the U.S. suspended travel from Europe, although losses were not as heavy as in other Asian counterparts.

The blue-chip CSI300 index closed 1.9% lower to 3,950.91, while the Shanghai Composite Index ended down 1.5% at 2,923.49. Both indexes closed at their lowest levels since Feb. 28 — a near two-week low.

· European markets opened sharply lower Thursday as investors react to President Donald Trump’s decision to impose restrictions on European travel to the U.S. to prevent the spread of the coronavirus.

The pan-European Stoxx 600 dropped 4.2% in early trade, with oil and gas stocks plunging 6% to lead losses as all sectors and major bourses fell deep into the red.


Reference: Reuters, CNBC

MTS Gold Co., Ltd.
40,42,44, Sapsin Road, Wang Burapha Phirom Sub-district, Pranakorn District, Bangkok, 10200
Tel. 0 2770 7777 Fax. 0 2623 9366 E-mail: support@mtsgoldgroup.com