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Market News Topics
March 05, 2018 03:50 GMT
Risk sentiment took a hit from the...........>
STOCKS
STOCKS: Risk sentiment took a hit from the uncertainty caused by the Italian
elections, alongside tougher trade rhetoric out of the US.
- The softer risk backdrop & stronger JPY weighed on the Nikkei 225 which last
traded 0.7% lower, with exporting names falling afoul of the stronger currency.
- Hong Kong & Chinese indices traded higher in early dealing as China's National
People's Congress got underway, however, the removal of language around upside
potential for growth in this year's statement pushed the space lower, as it
added weight to financials & stocks related to the property sector. The Hang
Seng last traded 1.3% lower while the CSI 300 was 0.1% lower at the lunchbreak.
- The ASX 200 traded 0.5% lower, as utilities & materials names weighed.
- US index futures also fell, with the mini S&P 500 12 points lower, and the
mini Dow shedding nearly 100 points.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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