• MTS Futures News_AM_20170118

    18 Jan 2017 | SET News





• The Dow Jones Industrial Average .DJI ended down 58.96 points, or 0.3 percent, to 19,826.77, the S&P 500 .SPX lost 6.75 points, or 0.3 percent, to 2,267.89 and the Nasdaq Composite .IXIC dropped 35.39 points, or 0.63 percent, to 5,538.73.

U.S. stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings season kicked into gear.

Also weighing on stocks were concerns about protectionist trade policies planned by U.S. President-elect Donald Trump. The concerns pushed the dollar to its lowest in more than a month and bond yields down as investors cut risk.

• Asian equities slipped in early trade, following President-elect Donald Trump's jolting comments that the dollar is too strong, prompting the greenback to fall to a one-month low.

Trump made his comment about that the dollar was "too strong" which makes it hard for American companies to compete with China, in an interview with the Wall Street Journal.

• Japan's Nikkei 225 was volatile in early trade, last trading down 0.21 percent after wavering into positive territory earlier as the dollar/yen falls below the 113 handle.

A stronger yen is generally seen as a negative for Japanese stocks as it impacts the competitiveness of Japanese exports and lessens profits earned overseas when repatriated.

Reference: Reuters, CNBC

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