• MTS Futures News_PM_20210219

    19 Feb 2021 | SET News

· Reddit CEO defends platform’s role in GameStop surge

· GLOBAL MARKETS-Asian shares slip from record highs on rising bond yields, weak U.S. data

Asian stocks pulled back fromall-time peaks on Friday as higher longer-dated bond yields andunderwhelming U.S. data dented investor confidence in a fastereconomic recovery from the COVID-19 pandemic, while gold hit aseven-month trough.

Europe's eurostoxx 50 futures and Germany's DAXfutures were both up 0.2%, while futures for London'sFTSE were barely changed. E-mini futures for the S&P 500were slightly lower.

MSCI's broadest index of Asia Pacific shares outside ofJapan was last down 0.1% at 733.9 from a recordhigh of 745.89 touched on Thursday.

The index is on track for a small weekly loss after twoconsecutive weeks of gains.

Since the start of the year, the index has surged nearly10.5%, largely led by easy monetary and fiscal policies aroundthe world and initial rollouts of COVID-19 vaccines.


· Nikkei slips on profit-taking, logs weekly gain

Japan’s Nikkei share average slipped on Friday as profit-taking ahead of the weekend trumped optimism over a broad economic recovery, though the index gained for a third straight week.

The Nikkei fell 0.72% to 30,017.92, moving further away from its 30-1/2-year high of 30,714.52 touched on Monday. Still, it managed to end the week 1.69% higher.

The broader Topix slipped 0.67% to 1,928.95 and was down 0.25% for the week.


· China's blue-chip index ends week lower on policy tightening worries

China’s blue-chip index recouped earlier losses to end higher on Friday, helped by gains in infrastructure and securities stocks, though it posted weekly losses on investor concerns over policy tightening and lofty valuations.

The blue-chip CSI300 index edged up 0.2% to 5,778.84, while the Shanghai Composite Index added 0.6%to 3,696.17

· European markets inch higher with earnings, economic data and bond yields in focus

European markets opened cautiously higher on Friday as investors monitor rising bond yields, corporate earnings and a batch of key economic data out of the euro zone.

The pan-European Stoxx 600 gained 0.2% in early deals, with travel and leisure stocks climbing 0.9% while the oil and gas sector dropped 1%.


Reference: CNBC, Reuters


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