• MTS Futures News_PM_20191010

    10 Oct 2019 | SET News




· Global stocks recouped early losses as news reports raised hopes that the United States and China would settle some economic disputes, but investors were kept on edge by an earlier report that trade talks due to begin on Thursday could be cut short.

U.S. S&P500 mini futures ESc1 traded down 0.1%, with a big part of early losses cut after the New York Times reported Washington will soon issue licenses allowing some U.S. firms to supply non-sensitive goods to China’s Huawei Technologies.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.24% while Japan's Nikkei .N225 rose 0.34%. Shanghai shares .SSEC also rose 0.49%.

· Japanese stocks bounced back from early losses to end higher on Thursday, helped by a flush of optimism over chances that the United States and China can scale back their trade war at high-level talks set for later in the day.

The Nikkei index ended up 0.45% at 21,551.98, after shedding as much as 0.7% earlier in the day.

Japanese shares were boosted by a New York Times report that U.S. President Donald Trump’s administration will soon issue licences allowing some U.S. companies to supply non-sensitive goods to Chinese telecommunications equipment maker Huawei Technologies Co Ltd.

· China’s stocks climbed to a two-week high on Thursday as investors hoped for a partial trade deal between Washington and Beijing, but a report stating Chinese officials are looking to cut short their visit to the U.S. capped gains.

The Shanghai Composite index closed up 0.8% at 2,947.71 points, its highest level since September 26. The blue-chip CSI300 index also gained 0.8% on Thursday.



· European stocks traded lower Thursday morning, with high-level trade talks between the U.S. and China set to commence against a backdrop of geopolitical tensions.

The pan-European Stoxx 600 reversed slight early gains to fall 0.5%, with basic resources rising 0.4% to lead gains while healthcare stocks slid 1.1%.


Reference: Reuters, CNBC, Daily FX

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