• MTS Futures News_AM_20160805

    5 Aug 2016 | SET News



The Dow Jones industrial average .DJI fell 2.95 points, or 0.02 percent, to close at 18,352.05, the S&P 500 .SPX gained 0.46 point, or 0.02 percent, to finish at 2,164.25 and the Nasdaq Composite .IXIC added 6.51 points, or 0.13 percent, to end at 5,166.25.


Global stock markets rose and sterling slid on Thursday after the Bank of England cut interest rates and revived a bond-buying program to cushion the economic blow from Britain's June 23 vote to leave the European Union.


U.S. stocks and the dollar traded in a tight range as investors exercised caution ahead of Friday's jobs report that could offer clues to the timing of the next U.S. rate hike.


The Bank of England cut its main rate by a quarter percentage point to a record low 0.25 percent and said it would take "whatever action is necessary" to achieve stability in the wake of Britain's vote to leave the EU.

Asia markets opened higher on Friday, with traders likely digesting the Bank of England's decision to cut interest rates for the first time since2009.


Market players will also likely be wary ahead of the key July nonfarm payrolls report in the U.S., due Friday morning local time.


In Australia, the ASX 200 index was up 0.44 percent, with the materials sub-index advancing 0.95 percent in early trade. Japan's benchmark Nikkei 225 index was up 0.41 percent, while across the Korean Strait, the Kospi was higher by 0.42 percent.


Reference: Reuters, CNBC

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