Asia Morning Call-Global Markets
July 4 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7,739.90 | 21.70 | NZX 50** | 11,790.92 | +14.19 |
DJIA | 39,308.00 | −23.85 | NIKKEI** | 40,580.76 | +506.07 |
Nasdaq | 18,188.302 | 159.54 | FTSE** | 8,171.12 | 49.92 |
S&P 500 | 5,537.02 | +28.01 | Hang Seng** | 17,978.57 | 209.43 |
SPI 200 Fut | 7,802.00 | 73.00 | STI** | 3,415.51 | 47.61 |
SSEC** | 2,982.38 | -14.64 | KOSPI** | 2,794.01 | 13.15 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.101 | 0.001 | KR 10 YR Bond | 3.279 | -0.005 |
AU 10 YR Bond | 4.379 | -0.058 | US 10 YR Bond | 4.3547 | -0.081 |
NZ 10 YR Bond | 4.738 | -0.002 | US 30 YR Bond | 4.523 | -0.086 |
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Currencies | |||||
SGD US$ | 1.354 | -0.0019 | KRW US$ | 1,386.17 | 0.14 |
AUD US$ | 0.6701 | 0.00335 | NZD US$ | 0.6098 | 0.002 |
EUR US$ | 1.0779 | 0.0035 | Yen US$ | 161.63 | 0.19 |
THB US$ | 36.67 | -0.13 | PHP US$ | 58.651 | -0.149 |
IDR US$ | 16,365 | -25 | INR US$ | 83.4828 | -0.0172 |
MYR US$ | 4.718 | 0.001 | TWD US$ | 32.632 | 0.005 |
CNY US$ | 7.2706 | -0.0006 | HKD US$ | 7.8106 | -0.0028 |
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Commodities | |||||
Spot Gold | 2,355.33 | 26.047 | Silver (Lon) | 30.468 | 0.958 |
U.S. Gold Fut | 2369.40 | 36 | Brent Crude | 87.26 | 1.02 |
Iron Ore | 864 | 21 | TRJCRB Index | - | - |
TOCOM Rubber | JPY331.7 | 0.3 | LME Copper | 9,876 | 198 |
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** indicates closing price
All prices as of 18:43 GMT
EQUITIES
GLOBAL - World equities rose while the U.S. dollar fell on Wednesday following soft labor market data that buoyed investor expectations of Federal Reserve interest rate cuts later this year.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 0.60% to 811.63.
For a full report, click on MKTS/GLOB
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NEW YORK - The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September.
The Dow Jones Industrial Average .DJI fell 23.85 points, or 0.06%, to close at 39,308.00, the S&P 500 .SPX gained 28.01 points, or 0.51%, to 5,537.02 and the Nasdaq Composite .IXIC gained 159.54 points, or 0.88%, to 18,188.30.
For a full report, click on .N
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LONDON - European shares rose on Wednesday, as dovish comments from Federal Reserve Chair Jerome Powell and fresh U.S. economic data firmed rate cut expectations, while investors awaited the second round of the French vote and national elections in the UK.
The pan-European STOXX 600 index .STOXX closed 0.7% up, rising for a second session out of the last seven.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average rose for a fourth consecutive day on Wednesday, as heavyweight technology stocks tracked overnight gains in U.S. megacap growth stocks.
The Nikkei .N225 gained 1.26% to close at 40,580.76.
For a full report, click on .T
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SHANGHAI - China stocks fell on Wednesday as data showed the country's services activity growth hit an eight-month low in June, while technology companies led Hong Kong shares higher.
The blue-chip CSI300 index .CSI300 was down 0.24%.
For a full report, click on .SS
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AUSTRALIA - Australian shares closed higher on Wednesday, helped by gains in mining and energy stocks, while dovish comments from Federal Reserve Chair Jerome Powell that reinforced bets of a rate cut this year boosted investor sentiment.
The S&P/ASX 200 index .AXJO advanced 0.3% to 7,739.9 at the close of trade after falling 0.4% on Tuesday.
For a full report, click on .AX
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SEOUL - South Korean shares rose on Wednesday, after the government unveiled detailed tax measures aimed at encouraging firms to join its corporate reform push with higher dividend payouts to shareholders.
The benchmark KOSPI .KS11 closed up 13.15 points, or 0.47%, at 2,794.01.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The yen sank to a fresh 38-year low against the U.S. dollar and a record trough versus the euro on Wednesday, as the Japanese unit continued its downward spiral, with market participants on high alert for Japan intervention to boost the currency.
The dollar index =USD, which measures the currency against the euro, sterling, yen and three other major peers, slid 0.5% to 105.11.
For a full report, click on USD/
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SHANGHAI - China's yuan skidded to a seven-month low against the dollar on Wednesday on weak economic data and as the central bank nudged the currency's trading range a little bit lower.
At 0410 GMT, the yuan CNY=CFXS was down about 0.03% at 7.2733 and had traded as low as 7.2736, the weaker end of its daily trading band.
For a full report, click on CNY/
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AUSTRALIA - The Australian dollar edged up against the U.S. dollar on Wednesday as domestic data on retail spending surprised on the upside, but gains were capped by a weak Chinese yuan. The kiwi, however, struggled to pull up from a key chart level.
The Aussie rose 0.1% to $0.6675 AUD=D3, building on a 0.1% gain overnight but remaining within its recent trading range of $0.6576 to $0.6705.
For a full report, click on AUD/
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SEOUL - South Korean shares rose on Wednesday, after the government unveiled detailed tax measures aimed at encouraging firms to join its corporate reform push with higher dividend payouts to shareholders.
The benchmark KOSPI .KS11 closed up 13.15 points, or 0.47%, at 2,794.01.
For a full report, click on KRW/
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TREASURIES
NEW YORK - Benchmark 10-year Treasury yields fell on Wednesday after growing signs of weakness in manufacturing and the jobs market suggested the U.S. economy was slowing.
The yield on the benchmark U.S. 10-year Treasury note US10YT=RR fell 7.7 basis points to 4.359%.
For a full report, click on US/
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LONDON - Euro zone bond yields dropped on Wednesday after survey-based data showed a sharp slowdown in the U.S. services sector in June, bolstering expectations for interest rate cuts from the Federal Reserve and other central banks this year.
Germany's 10-year bond yield DE10YT=RR, the euro area benchmark, was last down 6 basis points (bps) at 2.549%, dropping from around its highest in three weeks. Yields move inversely to prices.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond (JGB) yields struggled for direction on Wednesday, as investors weighed the risk of the Bank of Japan (BOJ) raising interest rates again at its meeting this month where it will announce specifics of its bond purchase tapering plan.
The 10-year JGB yield JP10YTN=JBTC fell 0.5 basis point to 1.095%, edging down from a 13-year peak of 1.1% that it first hit at the end of May.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices rose more than 1% to a near two-week high on Wednesday, driven by increased bets for a September interest rate cut by the Federal Reserve after recent U.S. data suggested that the labor market was softening.
Spot gold XAU= was up 1.2% at $2,357.06 per ounce by 02:08 a.m.
For a full report, click on GOL/
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IRON ORE - Iron ore futures prices rose for a fourth straight session on Wednesday to their highest level in four weeks, supported by firm near-term demand in top consumer China and lingering expectations of more stimulus in coming weeks.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade nearly 2.6% higher at 864 yuan ($118.79) a metric ton, a level not seen since June 3.
For a full report, click on IRONORE/
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BASE METALS - Copper prices rose for a fourth straight session on Wednesday, buoyed by signs of firmer demand in China, buying by computer-driven funds and U.S. data that weakened the dollar and boosted hopes of interest rate cuts.
Three-month copper CMCU3 on the London Metal Exchange gained 2.1% to $9,876 a metric ton by 1615 GMT, having rebounded this week after touching its lowest in more than two months last Thursday.
For a full report, click on MET/L
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OIL - Oil prices rose on Wednesday after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventoriesin thin trading ahead of the U.S. Independence Day holiday.
Brent crude futures LCOc1 rose 49 cents, or 0.57%, to $86.73 a barrel by 1:48 p.m.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures declined on Wednesday, snapping five consecutive sessions of gains, on likely profit taking from market participants.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange closed at 4,082 ringgit ($865.20) a metric ton, down 7 ringgit or 0.17%.
For a full report, click on POI/
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RUBBER - Japanese rubber futures eased on Wednesday as weak demand weighed on the market, although higher crude oil prices and a weak yen limited the drop in prices.
The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: closed down 2.6 yen, or 0.78%, at 331.4 yen ($2.05) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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