Asia Morning Call-Global Markets
July 3 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7,718.20 | −32.50 | NZX 50** | 11,776.73 | −12.66 |
DJIA | 39,331.85 | 162.33 | NIKKEI** | 40,074.69 | 443.63 |
Nasdaq | 18,028.763 | 149.46 | FTSE** | 8,121.2 | -45.56 |
S&P 500 | 5,509.01 | 33.92 | Hang Seng** | 17,769.14 | 50.53 |
SPI 200 Fut | 7,723.00 | 20.00 | STI** | 3,367.9 | 29.33 |
SSEC** | 2,997.01 | 2.28 | KOSPI** | 2,780.86 | −23.45 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.095 | 0.01 | KR 10 YR Bond | 3.284 | -0.027 |
AU 10 YR Bond | 4.416 | -0.009 | US 10 YR Bond | 4.4336 | -0.045 |
NZ 10 YR Bond | 4.703 | -0.002 | US 30 YR Bond | 4.6034 | -0.04 |
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Currencies | |||||
SGD US$ | 1.3559 | -0.0018 | KRW US$ | 1,384.74 | 2.24 |
AUD US$ | 0.66685 | 0.0008 | NZD US$ | 0.608 | 0.0006 |
EUR US$ | 1.0744 | 0.0006 | Yen US$ | 161.44 | -0.01 |
THB US$ | 36.79 | 0.07 | PHP US$ | 58.8 | 0.18 |
IDR US$ | 16,390 | 70 | INR US$ | 83.5 | 0.062 |
MYR US$ | 4.717 | 0.007 | TWD US$ | 32.627 | 0.081 |
CNY US$ | 7.2712 | 0.0029 | HKD US$ | 7.8136 | 0.0015 |
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Commodities | |||||
Spot Gold | 2,329.43 | -2.2663 | Silver (Lon) | 29.5252 | 0.0852 |
U.S. Gold Fut | 2,333.40 | -12.3 | Brent Crude | 86.48 | -0.12 |
Iron Ore | 843 | 3 | TRJCRB Index | - | - |
TOCOM Rubber | JPY334.8 | 0.8 | LME Copper | 9,678 | 43 |
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** indicates closing price
All prices as of 20:29 GMT
EQUITIES
GLOBAL - Global stocks were flat while U.S. Treasury yields dipped on Tuesday as markets weighed data showing a continuing tight labor market as well as prospects of interest rate cuts after comments from Federal Reserve Chair Jerome Powell.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 0.03% to 804.05.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main stock indexes closed higher on Tuesday, boosted by gains in Tesla TSLA.O and megacap growth stocks, but volumes were thin ahead of the July Fourth holiday and the closely watched release of June nonfarm payrolls on Friday.
According to preliminary data, the S&P 500 .SPX gained 34.35 points, or 0.63%, to end at 5,509.44 points, while the Nasdaq Composite .IXIC gained 150.48 points, or 0.84%, to 18,029.78. The Dow Jones Industrial Average .DJI rose 167.34 points, or 0.43%, to 39,336.86.
For a full report, click on .N
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LONDON - European stocks fell to two-week lows on Tuesday as the relief rally in French shares following the first round of parliamentary elections faded, while data pointed to elevated services inflation in the euro zone.
The pan-European STOXX 600 index .STOXX ended 0.4% lower, off near two-month lows hit earlier in the session.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average hit the 40,000 level for the first time in three months on Tuesday, buoyed by a weaker yen and foreign fund flows.
The Nikkei .N225 finished 1.12% higher at 40,074.69, reclaiming the psychologically significant 40,000 level for the first time since April 4.
For a full report, click on .T
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SHANGHAI - China stocks closed down while Hong Kong shares rose on Tuesday, as investors weighed domestic recovery and awaited stimulus signals in the upcoming policy meetings.
At the close, China's blue-chip CSI300 index .CSI300 was down 0.18%
For a full report, click on .SS
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AUSTRALIA - Australian shares were set to open higher on Wednesday tracking Wall Street gains following the Federal Reserve Chair Jerome Powell's dovish comments on the U.S. being on a "disinflationary path."
The local share price index futures YAPcm1 rose 0.1%, a 4.8-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.4% on Tuesday.
For a full report, click on .AX
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SEOUL - South Korean shares fell on Tuesday, after two straight sessions of gains, weighed by a rise in U.S. Treasury yields.
The benchmark KOSPI .KS11 closed down 23.45 points, or 0.84%, at 2,780.86. It was the biggest daily percentage loss since May 30.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The dollar slipped on Tuesday in thin, choppy trading after Federal Reserve Chair Jerome Powell struck a moderately dovish tone in his comments, suggesting that the U.S. central bank is more than likely to start its easing cycle later this year.
In afternoon trading, the dollar index =USD, which measures the U.S. unit against six other currencies, was down 0.1% at 105.71.
For a full report, click on USD/
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SHANGHAI - China's yuan slumped to a fresh seven-month low against the dollar on Tuesday, as the greenback strengthened following a surge in U.S. yields, with investors now contemplating the prospect a second Donald Trump presidency.
By 0323 GMT, the yuan CNY=CFXS was 0.04% lower at 7.2712 to the dollar after trading in a range of 7.2679 to 7.2714.
For a full report, click on CNY/
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AUSTRALIA - The Australian dollar was near 33-year peaks on the Japanese yen on Tuesday as rising bond yields made it an attractive destination for carry trades, while also fuelling further gains on its New Zealand cousin.
Market pricing for steady, if not higher, interest rates at home saw Australian 10-year yields AU10YT=RR strike a two-month top of 4.508% overnight.
For a full report, click on AUD/
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SEOUL - South Korean shares fell on Tuesday, after two straight sessions of gains, weighed by a rise in U.S. Treasury yields.
The won was quoted at 1,388.2 per dollar on the onshore settlement platform KRW=KFTC, 0.32% lower than its previous close at 1,383.8.
For a full report, click on KRW/
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TREASURIES
NEW YORK - Benchmark 10-year Treasury yields dipped on Tuesday following a closely watched reading of the jobs market and comments by Federal Reserve Chair Jerome Powell that monetary policy is closer to the point where interest-rate cuts are appropriate.
The yield on the benchmark U.S. 10-year Treasury note US10YT=RR fell 3.7 basis points to 4.442%.
For a full report, click on US/
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LONDON - Euro zone government bond yields were slightly lower on Tuesday after data showed euro zone inflation cooled in June, as the market steadied after sharp rises the previous day.
Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone bloc, was down one basis point (bp) at 2.59%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields rose on Tuesday as investors awaited details on the Bank of Japan's plan to reduce its monthly bond buying.
The 10-year JGB yield JP10YTN=JBTC rose 2.5 basis points (bps) to 1.085%.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices edged lower on Tuesday as Treasury yields held firm, while investors digested comments from Federal Reserve Chair Jerome Powell and looked forward to U.S. jobs data due later this week for more signals on U.S. interest rate cuts.
Spot gold XAU= was down 0.3% at $2,324.88 per ounce by 14:01 p.m. (1801 GMT). U.S. gold futures GCcv1 settled 0.2% lower at $2,333.40.
For a full report, click on GOL/
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IRON ORE - Dalian iron ore futures extended gains on Tuesday, supported by bets of more stimulus in top consumer China, while the Singapore benchmark retreated after touching the psychological level of $110 a metric ton.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.4% higher at 843 yuan ($115.94) a ton. Earlier in the day, it hit the highest since June 7 at 846.5 yuan a ton.
For a full report, click on IRONORE/
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BASE METALS - Fund buying helped copper higher on Tuesday, but worries about demand prospects in top consumer China and an inventory uptrend in warehouses registered with London Metal Exchange (LME) are likely to cap prices.
Benchmark copper CMCU3 on the LME was up 0.5% at $9,678 a metric ton at 1609 GMT.
For a full report, click on MET/L
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OIL - Brent LCOc1 and U.S. West Texas Intermediate (WTI) crude CLc1 closed down on Tuesday as fears of supply disruptions caused by Hurricane Beryl faded throughout the day on Tuesday.
Brent LCOc1 crude futures settled down 36 cents, or 0.42%, at $86.24 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 settled at $82.81 a barrel, down 57 cents or 0.68%.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures closed higher, extended gains to a fifth consecutive session on Tuesday, underpinned by concerns about weak production and tracking a rise in rival oils.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange was up 111 ringgit, or 2.79%, to 4,090 ringgit ($867.08) a metric ton on the closing.
For a full report, click on POI/
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RUBBER - Japanese rubber futures rose on Tuesday, tracking firm crude oil prices.
The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: gained 5.6 yen, or 1.71%, to finish at 334 yen ($2.07) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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