MTS Futures News_PM_20190702

MTS News

MTS Futures News_PM_20190702

2 Jul 2019

· European stocks traded cautiously higher on Tuesday after President Donald Trump said that trade talks with China, which had stalled in May, have “already begun” following his meeting with Chinese President Xi Jinping at the weekend.

The pan-European Stoxx 600 rose 0.2% in early trade, with insurance stocks gaining 0.6% while autos dropped 0.3%.

· Asian shares wobbled on Tuesday, U.S. Treasury yields fell and gold rebounded as weak global factory activity reinforced fears about slowing growth, while doubts over whether the United States and China can pull off a trade deal also hurt sentiment.

U.S. S&P 500 e-mini futures were up 0.09% and MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.28%, helped by a 1.23% gain in Hong Kong shares as investors caught up to Monday’s global rally. Markets in Hong Kong had been closed on Monday for a public holiday.

Manufacturing surveys over the past 24 hours underscored those risks. Factory activity in the euro zone shrank faster last month than previously thought, and U.S. manufacturing activity slowed to a near three-year low in June.

· Japanese stocks eked out modest gains on Tuesday as investors were more circumspect after the previous day's relief rally over US-China trade talks, while tech shares benefited from a rise in their Wall Street counterparts.

Japan's Nikkei share average ended the day up 0.11 per cent at 21,754.27 after brushing 21,784.22, its highest since May 7.

The index had gained 2.1 per cent on Monday as risk sentiment improved after the United States and China agreed to restart trade talks during a G20 summit over the weekend.

· China stocks closed flat on Tuesday as investors exercised cautions amid doubts over whether Beijing and Washington could strike a durable deal.

The blue-chip CSI300 index was unchanged at 3,937.17 points, while the Shanghai Composite Index was flat at 3,043.94 points.

Investors also turned their focus to China's domestic factors, as they watched if Beijing could temper stimulus measures given the trade truce.


Reference: CNBC, Reuters

Related
MTS CAPITAL Co., Ltd.
10,12,14, 3rd Floor, Sapsin Road, Wang Burapha Phirom Sub-district, Pranakorn District, Bangkok, 10200
Copyright © 2014 MTS Capital Co., Ltd. All right reserved