• MTS Futures News_PM_20191202

    2 Dec 2019 | SET News
   

· Dow Jones | Hovering Around Record High Territory

A strong month for the Dow Jones, gaining over 4% in November with the index hovering around record high territory. As the final month of the decade begins eyes will be on the plethora of key US data releases, starting with the ISM Manufacturing PMI. After last months uptick, expectations are for another lift, which in turn may see US equities push for better levels.

· Global shares shuffled marginally higher on Monday to stand just short of the record peak struck in January 2018, with buyers encouraged by upbeat China manufacturing surveys and hopes that China and the United States will agree a preliminary trade deal.

U.S. stock futures ESc1 gained 0.31% to near record highs after a dip in a truncated U.S. session on Friday due to Thanksgiving holiday.

MSCI's index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.24%, reclaiming some of its loss on Friday while Japan's Nikkei .N225 jumped 1.01%.

The market enjoyed a boost after the Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) index rose to 51.8 in November from 51.7 in the previous month, marking the fastest expansion since December 2016.

“Output and new orders are both strong. The survey seems to suggest domestic demand is pretty strong even if one cannot have unrestrained optimism on the economic outlook,” said Naoki Tashiro, president of T.S. China Research.

· Japanese shares rose on Monday by the most in a month after data showed China's factory activity and domestic demand picked up, easing concern about the health of the world's second-largest economy.

The Nikkei index ended up 1.01 per cent at 23,529.50, led by gains in the consumer discretionary sector and the industrial sector. So far this year the index is up 16.38 per cent.

Japanese shares started brightly in reaction to government data released Friday that showed improvement in China's vast manufacturing sector, suggesting Beijing's stimulus measures are starting to support growth.

Shares extended gains after a separate survey of China's manufacturing sector was revised up to show the fastest growth in almost three years, but an ongoing trade war between the United States and China remains a risk to the outlook.

· China stocks ended higher on Monday after upbeat factory activity reports, but gains were limited by anxiety over the prospects of a proposed Sino-U.S. trade deal.

The blue-chip CSI300 index rose 0.2%, to 3,836.06, while the Shanghai Composite Index added 0.1% to 2,875.81.

China’s factory activity expanded at the quickest pace in almost three years in November, with solid increases in output and new orders, a private business survey showed on Monday.

That came after official data showed factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.

· European stocks opened slightly higher Monday morning, as investors monitor trade talks between the world’s two largest economies.

The pan-European Stoxx 600 was up around 0.2% shortly after the opening bell, with most sectors and major bourses in positive territory.


Reference: Reuters, CNBC

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