• MTS Futures News_PM_20190114

    14 Jan 2019 | SET News

·         European markets opened lower Monday morning, after a shock contraction in Chinese exports heightened fears of a slowdown in the world’s second-largest economy.

The pan-European Stoxx 600 was down around 0.5 percent shortly after the opening bell, with all sectors and major bourses in negative territory.

Back in Europe, Brexit remains in the spotlight for market participants. That’s because British lawmakers are poised to vote on Prime Minister Theresa May’s much maligned Brexit deal on Tuesday.

·         Asian shares and U.S. stock futures skidded on Monday after a shock contraction in Chinese exports pointed to deepening cracks in the world’s second-biggest economy and raised fears of a sharper slowdown in global growth and corporate profits.

Those concerns sent MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS sliding percent from Friday’s 1-1/2 month top for its biggest single-day percentage drop since Jan. 2, with Chinese and Hong Kong shares the worst hit.

·         China shares ended lower on Monday after weaker-than-expected monthly trade data spooked investors, reinforcing worries about an economic slowdown and lean global demand, but traders’ optimism around government moves to cut taxes curbed losses.

At the close, the Shanghai Composite index was down 0.71 percent at 2,535.77.

The blue-chip CSI300 index ended 0.87 percent lower, with its financial sector sub-index dropping 0.81 percent and the healthcare sub-index down 2.25percent.

“Today’s data reflect an end to export front-loading and the start of payback effects, while the global slowdown could also weigh on China’s exports,” analysts at Nomura said in a note.


Reference: Reuters, CNBC

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