• MTS Futures News_PM_20180625

    25 Jun 2018 | SET News

·         European equities traded lower in early trade Monday as investors worried about further tariffs in global trade.

The pan-European Stoxx 600 was 0.52 percent lower with every sector in the red.

·         Global share prices fell on Monday on escalating trade tensions between the United States and major economies while crude oil prices gave up some of the hefty gains made after major oil exporters agreed to a modest increase in production.

In Asia, S&P500 mini futures ESceased as much as 0.6 percent while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.95 percent to 6 1/2-month lows. Japan's Nikkei .N225 lost 0.8 percent.

·         Japan’s Nikkei share average dropped on Monday as sellers targeted large caps including Fast Retailing and SoftBank as well as defensive stocks, while the mining sector outperformed after oil prices jumped on Friday.

The Nikkei fell 0.8 percent to 22,338.15, extending the weekly drop of 1.6 percent in the past week. The dollar dropped 0.5 percent to 109.46 yen in Asian trade.

·         China stocks gave up early gains to close lower on Monday, as an expected reserve requirement ratio (RRR) cut was largely offset by lingering trade war fears, and as a weakening yuan pushed lower real estate and airline shares.

The blue-chip CSI300 index fell 1.3 percent to 3,560.48, while the Shanghai Composite Index slid 1.1 percent to 2,859.34.


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