• MTS Futures News_PM_20201030

    30 Oct 2020 | SET News

· Dow futures fall by nearly 500 points as Apple and Amazon shares decline after earnings

U.S. stock futures fell in early morning trading Friday after some of the technology heavyweights came under pressure following their quarterly reports.

Futures on the Dow Jones Industrial Average dropped 482 points. S&P 500 futures and Nasdaq-100 also traded in negative territory. Earlier, Dow futures fell more than 500 points.

Shares of Apple fell more than 4% in extended trading after the tech giant reported a 16% decline in iPhone sales and failed to offer investors any guidance for the quarter ahead. Amazon dipped 1.87% even after the e-commerce giant reported blowout third-quarter results with a big beat on the top line.

· Shares falter again, but Asia poised to end October with near 4% gain

A gauge of Asian shares fell for a third straight session on Friday as jitters over next week’s U.S. presidential election and a shaky global economic outlook enveloped markets.

MSCI's broadest index of Asia-Pacific shares outside of Japan .MIAPJ0000PUS was last down 0.1%, on track to the end the week 1.1% lower after four straight weeks of gains.

Still, the index has risen 3.8% in October so far, and analysts expect this broader outperformance to extend further.


· Japan stocks fall, post biggest weekly loss in 3 months on virus worries

Japanese shares fell on Friday and posted their biggest weekly loss in three months as mixed earnings, rising coronavirus cases and uncertainty over the U.S. presidential election hurt sentiment.

The Nikkei 225 Index ended down 1.52% at 22,977.13. The index declined 2.3% this week, its biggest weekly loss since July 31.

The broader Topix closed 1.96% lower at 1,579.33 on Friday and fell 2.83% for the week.

A surge in coronavirus cases in Europe and the United States has rattled investor confidence this week, with France and Germany reinstating lockdowns - a move that has raised concerns over global economic recovery.

The growing risk of an inconclusive result to the Nov. 3 U.S. election and a sharp decline in U.S. stock futures during the Asian session also prompted investors to reduce long positions, analysts said.


China shares end lower; consumer, banks help markets post monthly gains
China stocks closed lower on Friday, dragged by food and beverage firms following slower profit growth in the third quarter, although the indexes posted monthly gains on strength in consumer discretionary and banking shares.

The blue-chip CSI300 index ended 1.6% lower at 4,695.33, while the Shanghai Composite Index shed 1.5% to 3,224.53. For the month, CSI300 was up 2.4%, while SSEC inched up 0.2%

· European markets fall as U.S. election and coronavirus concerns weigh
European markets opened lower Friday as jitters over the upcoming U.S. election and tightening coronavirus restrictions across the continent weigh on sentiment.

The pan-European Stoxx 600 fell 0.7% at the start of trading, with autos shedding 1.1% to lead losses as all sectors and major bourses slid into negative territory.

Global coronavirus cases rose by a single-day record of half a million on Thursday, and the European Union now plans to finance the transfer of Covid-19 patients across borders within the bloc in order to avoid overburdening of hospitals as the virus surges across the continent.


Reference: Reuters, CNBC

MTS Gold Co., Ltd.
40,42,44, Sapsin Road, Wang Burapha Phirom Sub-district, Pranakorn District, Bangkok, 10200
Tel. 0 2770 7777 Fax. 0 2623 9366 E-mail: support@mtsgoldgroup.com