• MTS Futures News_PM_20210105

    5 Jan 2021 | SET News

· Credit Suisse - Forecasts

We expect that the global economy should grow by 4.1% in 2021 as demand continues to recover following the recession in 2020. With policy rates set to remain at or below zero in all major developed economies, equity markets should continue to provide attractive returns. In fixed income, returns on core government bonds will be meager at best, while credit exposure provides opportunities to enhance returns.


· NYSE says it will no longer delist three Chinese telecom giants

The New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants.

In a late Monday statement, the NYSE said it dropped the plans after “further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control.”

Hong Kong-listed shares of China Telecom, China Mobile and China Unicom rallied after news of the reversal.

The announcement comes after the NYSE said on Dec. 31 that it would move to delist American depositary shares of China Telecom, China Mobile and China Unicom.

The NYSE had originally planned to drop the Chinese telecom listings in order to comply with an executive order that President Donald Trump signed in November. That order sought to bar American companies and individuals from investing in firms that the Trump administration alleged aid the Chinese military.

Major stock index giants like MSCI, S&P Dow Jones Indices and FTSE Russell as well as popular trading app Robinhood have also taken steps to comply with the executive order.

On Monday, the China Securities Regulatory Commission said the executive order was based on “political purposes” and “entirely ignored the actual situations of relevant companies and the legitimate rights of the global investors, and severely damaged market rule and order.”


· Jim Cramer reveals his 10 investment themes for 2021

Wall Street on Monday labored through a tough day to open the new trading year, which prompted CNBC’s Jim Cramer to break down the top investing themes he’ll be watching in 2021.

“It’s these long-term themes that work the best. You can buy them tomorrow and then you can buy some more if they get knocked around the next day, and the next,” Cramer said. “The great thing about these theme stocks is they all do get cheaper as they go lower.”

Below are 10 themes and companies Cramer recommended investors to watch:

E-commerce

Amazon

Shopify

Walmart

Costco

Freight-forwarding stocks

Travel and leisure

Boeing

Uber

Airbnb

Digitization

Advanced Micro Devices

Nvidia

Cybersecurity

CrowdStrike

Okta

Zscaler

Palo Alto Networks

NortonLifeLock

5G

Marvell Technology

Qualcomm

Skyworks Solutions

Texas Instruments

NXP Semiconductors

Stimulus

Walmart

Target

Home Depot

Lowe’s

Dollar Tree

Dollar General

China

Boeing

Caterpillar

3M

Mastercard

Visa

American Express

Wealth management

Goldman Sachs

Morgan Stanley

Robinhood

Remote work

Zoom

Salesforce.com (acquiring Slack)

Microsoft

Dell

HP

Apple

Health care

CVS

Humana

UnitedHealth Group

Johnson & Johnson


· Stock futures flat after S&P 500 suffers first negative start to a year since 2016

Stock futures held steady in early morning trading on Tuesday after the S&P 500 suffered its first decline to start a year since 2016.

Futures on the Dow Jones Industrial Average rose 45 points. S&P 500 futures and Nasdaq 100 futures were also both slightly higher.

The moves in futures came after a sharp sell-off on Wall Street to kick off 2021. The S&P 500 fell 1.5%, posting its worst daily performance since Oct. 27. Ten out of 11 S&P 500 sectors registered losses, led by real estate.

· Asian stocks grind lower as focus shifts to Georgia Senate runoff

Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming U.S. President Joe Biden’s ability to pursue his preferred economic policies.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.05%, pulling back from a record high. Australian stocks fell 0.26%.

U.S. S&P 500 stock futures edged up 0.03%. Euro Stoxx 50 futures were down 0.39%. German DAX futures fell 0.34%, and FTSE futures fell 0.26%.


· Nikkei slides on virus curbs, uncertainty ahead of U.S. Senate runoffs

Japanese shares slid on Tuesday as the government looks set to declare a state of emergency to deal with rising COVID-19 infections while uncertainty about Senate runoffs in the U.S. state of Georgia also curbed investors’ risk appetite.

Nikkei share average dipped 0.37% to 27,158.63, while the broader Topix ticked down 0.19% to 1,791.22, both indexes marking their third straight session of losses.


· China's blue-chip index scales 5-1/2-year high on consumer strength

China's blue-chip index extended gains to hit a five-and-half-year high on Tuesday, aided by jumps in consumer stocks, as investors hoped for more measures to spur the country's consumption amid the coronavirus outbreak.

The blue-chip CSI300 index rose 1.9%, to 5,368.50, its highest since June 9, 2015, while the Shanghai Composite Index gained 0.7% to 3,528.68.

· European markets edge lower as coronavirus weighs on sentiment

European stocks opened slightly lower on Tuesday as the coronavirus pandemic and the imposition of further restrictions weigh on investor sentiment.

The pan-European Stoxx 600 slipped 0.2% below the flatline in early trade, with utilities shedding 0.7% to lead losses while tech and oil and gas stocks bucked the trend to climb 0.4%.

European investor sentiment is being hit by concerns over the speed of coronavirus vaccine deployment in mainland Europe, and a third national lockdown that has been imposed in England.


Reference: CNBC, Reuters


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