• MTS Futures News_PM_20170822

    22 Aug 2017 | SET News


• European markets were higher on Tuesday morning, after modest gains on Wall Street, with investors awaiting the annual central banking conference in Jackson Hole later this week.

Provident Financial shares plummeted more than 58 percent on Tuesday after it announced its CEO Peter Crook was leaving the firm while the company said it is unlikely to be able to pay a dividend this year. The British subprime lender also issued its second profit warning in two months.

Federal Reserve Chair Janet Yellen is poised to speak at Friday's Jackson Hole conference, though further clues regarding the U.S. central bank's monetary policy is viewed as unlikely. Meanwhile, European Central Bank President Mario Draghi is not expected to deliver any new policy message in Wyoming, Reuters reported citing two unnamed sources.

• Asian shares rose on Tuesday after modest gains on Wall Street, while robust metals prices underpinned some regional markets even as investors remained wary ahead of the annual central banking conference in Jackson Hole later this week.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 percent.

• Japanese stocks inched down on Tuesday to cap their fifth straight day in the red amid lingering tensions on the Korean peninsula, though a strong rally in metals-linked shares helped steady the broader market.

The Nikkei share average inched down 0.05 percent to 19,383.84 after traversing negative and positive territory. The index fell for the fifth day to mark its longest losing streak since April 2016.

• China shares rose on Tuesday thanks to strong support from China Unicom's Shanghai-listed unit and financial firms, but consumer and technology companies lost ground as investors took profits on recent gains.

The CSI300 index rose 0.4 percent to 3,755.31 points by the end of the morning session, while the Shanghai Composite Index gained 0.2 percent to 3,291.71.


Reference: Reuters, CNBC

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