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MTS Futures News_PM_20180410

10 Apr 2018 | SET News
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• European markets were higher Tuesday morning, after Chinese President Xi Jinping sought to soothe investor concerns about the prospect a full-scale trade war between the world's two biggest economies.

The pan-European Stoxx 600 was up around 0.6 percent during early morning deals, with most sectors and major bourses in positive territory.

• U.S stock futures rallied, Asian equities bounced and the safe haven yen fell on Tuesday, as Chinese President Xi Jinping promised to lower import tariffs on products including cars, helping soothe investor jitters over an escalating U.S.-China trade row.

The MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS recovered from early losses and advanced 0.8 percent.

• Japanese stocks rose to a near one-month high on Tuesday, led by automakers after Chinese President Xi Jinping promised to lower import tariffs on products including cars, indirectly addressing some of the U.S. concerns that have sparked a trade row between the world’s two biggest economies.

The Nikkei rose 0.5 percent to 21,794.32, the highest closing level since March 15, but off an intraday high of 21,933.99.

• China’s stock markets rallied on Tuesday as President Xi Jinping’s vow to further open up the economy soothed fears of a trade war with the United States.

The blue-chip CSI300 index rose 1.9 percent, to 3,927.17 points, while the Shanghai Composite Index gained 1.7 percent to 3,190.32, in their best single-day performance in seven weeks.

Reference: Reuters,CNBC

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MTS Futures News_PM_20180410