MTS Futures News_PM_20181204

MTS News

MTS Futures News_PM_20181204

4 Dec 2018

• European stocks opened slightly lower Tuesday morning, amid rising doubts over whether the world's two largest economies will be able to resolve their trade differences.

The pan-European Stoxx 600 was down around 0.1 percent shortly after the opening bell, with most sectors and major bourses in negative territory.

• Asian shares fell on Tuesday as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences.

An inverted U.S. yield curve also raised concerns about a possible recession.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 percent as Chinese equity markets struggled to move out of negative territory.

• Japan’s Nikkei fell on Tuesday morning as investors took profits on cyclical stocks that rallied the day before, while falling U.S. bond yields pressured financial companies.

The Nikkei share average fell 0.7 percent to 22,418.87 by the midday break, after rising to a two-week high on Monday as investors took heart after the United States and China suspended the imposition of new tariffs on the weekend.

• China and Hong Kong stocks lost steam on Tuesday morning after Monday’s sharp rally triggered by the truce in the Sino-U.S. trade war, as investors come to terms with the fact that the relationship between the two countries hasn’t improved, while China’s economy continues to face downward pressure.

Both the CSI300 index and the Shanghai Composite Index, which jumped almost 3 percent on Monday, ended Tuesday morning flat, at 3,259.55 points and 2,655.96 points, respectively. ** In Hong Kong, the Hang Seng index and the Hong Kong China Enterprises Index dipped 0.3 percent each, to 27,112.01 points, and 10,849.81 points, respectively.


Reference: Reuters, CNBC 
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