MTS Futures News_PM_20190723

MTS News

MTS Futures News_PM_20190723

23 Jul 2019

· European stocks traded higher Tuesday morning, while the pound dipped amid worries that Britain’s new prime minister could lead the country into a no-deal exit from the European Union.

The pan-European Stoxx 600 was up by around 0.5% in early deals, auto stocks jumping 2.6% to lead gains while travel and leisure stocks slipped 0.4% as one of only two sectors in the red.

· Stocks in Asia Pacific edged up on Tuesday, as investors await closely-watched central bank meetings in the coming days.

Overall, the MSCI Asia ex-Japan index was 0.12% higher.

“We anticipate wait and watch sentiment taking hold of the markets ahead of the (European Central Bank) meeting this week and the (Federal Reserve) meeting next week, ” economists at ING wrote in a note.

Meanwhile, the U.K. is set to find out who its next prime minister will be as it moves closer to the Brexit departure deadline of October 31.

· Japanese stocks hit their highest in more than a week on Tuesday, with the semiconductor sector tracking Wall Street gains, though trading remained thin ahead of the domestic earnings season.

The benchmark Nikkei share average rose 1.0% to 21,620.88, its highest close since July 12.

Chip stocks gained globally on news U.S. President Donald Trump agreed with top technology heads to make “timely” decisions on whether U.S. companies could sell goods to China’s Huawei Technologies.

· China stocks ended higher on Tuesday, aided by gains in infrastructure and IT firms, even as the newly launched Nasdaq-style STAR Market continued to attract attention.

The blue-chip CSI300 index rose 0.2%, to 3,789.91, while the Shanghai Composite Index closed up 0.5%, at 2,899.94.

Reference: CNBC, Reuters

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