• MTS Futures News_PM_20180502

    2 May 2018 | SET News

• European markets were higher Wednesday morning as investors kept their focus on earnings and monitored an upcoming Federal Reserve meeting.

The pan-European Stoxx 600 was 0.18 percent higher with most sectors trading in positive territory. Basic resources were the top-performing sector in early deals, up by 1.3 percent, on earnings. Technology stocks also traded higher on Wednesday, pushed higher by strong earnings on Wall Street.

• Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the U.S. Federal Reserve’s upcoming policy statement for clues on the future pace of U.S. monetary tightening.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 percent, while Japan’s Nikkei shed 0.2 percent.

• Japan’s Nikkei share average slipped on Wednesday amid caution ahead of the Federal Reserve’s policy decision and U.S. jobs data, although the dollar’s rise against the yen and positive sentiment toward tech stocks helped curb some of the losses.

The Nikkei ended the day down 0.16 percent at 22,472.78 and the broader Topix dropped 0.15 percent to 1,771.52.

Japanese markets will be closed on Thursday and Friday for public holidays, leaving Wednesday as the last day for investors to unwind some of their positions ahead of the Fed’s decision later in the global day. On Friday, U.S. jobs data will be released.

• China stocks ended Wednesday roughly flat as investors returning from the Labour Day holiday braced for trade talks between U.S. and Chinese officials amid worries about economic health.

The blue-chip CSI300 index rose 0.2 percent, to 3,763.65, while the Shanghai Composite Index ended flat at 3,081.18 points.


Reference:Reuters, CNBC

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