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The major regional indices continued to......>

STOCKS
STOCKS: The major regional indices continued to struggle in Asia-Pac hours, with
little to counteract the Coronavirus worry in what continues to be
holiday-thinned regional trade. Australia saw the energy & materials sectors
struggle after the long weekend, in the wake of recent price dynamics in oil,
copper and iron ore, although gold miners managed to outperform, on the back of
demand for the yellow metal over the last couple of sessions. FTSE China A50
index futures held a relatively tight range, last ~160 points below Monday's
settlement, contract failing to test overnight lows during Asia-Pac trade.
- U.S. equity index futures managed to edge higher, with Apple earnings
(scheduled for after-market on Tuesday) in focus. Worth flagging a Nikkei source
piece which suggested that "Apple has asked its suppliers to make up to 80
million iPhones over the first half of this year, a rise of over 10% on last
year's production schedule that could boost the company's near-record share
price."
- Nikkei 225 -0.9%, ASX 200 -1.6%.
- S&P 500 futures +12, DJIA futures +100, NASDAQ 100 futures +38.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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