• MTS Futures News_PM_20180309

    9 Mar 2018 | SET News



• European markets opened mixed on Friday morning, as investors reacted to President Donald Trump's decision to impose global duties on metal imports.

The pan-European Stoxx 600 was little changed from the previous session shortly after the opening bell, with most sectors and major bourses pointing in opposite directions.

• Asian shares pared sharp early gains on Friday ahead of U.S. payrolls data which could hasten Federal Reserve rate hikes, and as some caution set in about the new entente between North Korean leader Kim Jong Un and U.S. President Donald Trump.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, while Australia firmed 0.3 percent.

• Japanese stocks rose on Friday as tensions over North Korea eased after U.S. President Donald Trump agreed to a meeting with Kim Jong Un that could come by May, but gains were capped by caution over the coming U.S. February jobs report.

The Nikkei ended 0.5 percent higher at 21,469.20, In the morning, it was up as much as 2.4 percent to 21,884.45, the highest since March 1, on the news about North Korea.

• China and Hong Kong stocks firmed Friday morning, after U.S. President Donald Trump agreed to meet North Korean leader Kim Jong Un, and as investors pondered the impact of U.S. tariffs on steel and aluminium.

At 04:13 GMT, the Shanghai Composite index was up 4.55 points, or 0.14 percent, at 3,292.96, while blue-chip CSI300 index was up 0.33 percent at 4,909.97.

• Stock indices still vulnerable But worries about Trump’s hard line on tariffs, the prospect of trade wars, Gary Cohn’s resignation, unfunded tax cuts and proposals for infrastructure spending are all taking their toll on market sentiment. There’s also a feeling that new Fed Chair Jerome Powell is less concerned than his predecessors about keeping a floor under the stock market.

Reference: Reuters, CNBC

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