• MTS Futures News_PM_20170807

    7 Aug 2017 | SET News


• Asian stocks advanced on Monday, taking their cue from Wall Street, while the dollar moderated but retained most gains made on stronger-than-expected July jobs growth and the promise of a U.S. tax plan that will repatriate corporate profits.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.5 percent.

• Asian investors, wary that the region’s stock markets and currencies have run up too far too fast and wondering whether it is time to take some money off the table, are finding that their concerns are not being reflected in major gauges of volatility and fear.

These indicators are supposed to signal red, or at least orange, when stocks are overvalued and risks – whether economic, corporate or political - are building. Currently, they all suggest it is still safe to be invested in riskier assets.

And that is despite the threat of some kind of conflict involving North Korea, or trade tensions between the U.S. and China boiling over, let alone the lingering threat of a China debt crisis.

The Asian indicators are a reflection in Asian hours of the world’s best-known fear gauge, the VIX .VIX, a measure of U.S. stock market volatility, which recently hit an all-time low.

• Japan's Nikkei share average rose on Monday, led by sharp gains for Toyota Motor Corp after it raised its earnings outlook, while a weaker yen following strong U.S. jobs data underpinned overall sentiment.

The Nikkei ended 0.5 percent higher to 20,055.89. The broader Topix gained 0.5 percent to 1,639.27, the highest closing level since August 2015, though overall trade was thin, with only 1.5 billion shares changing hands on the main board, the lowest level in two weeks.

• China stocks ended higher across the board on Monday, shaking off early losses, as investors bet upcoming data will continue to show strong economic growth.

The blue-chip CSI300 index rose 0.5 percent to 3,726.88 points, while the Shanghai Composite Index gained 0.5 percent to 3,279.46.

• Hong Kong stocks posted modest gains on Monday, buoyed by strength in technology firms as well as Chinese resource and financial shares.

The Hang Seng index ended up 0.5 percent at 27,690.36 points, while the China Enterprises Index gained 0.5 percent to 11,054.41.


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