Asia Morning Call-Global Markets
July 1 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7,767.50 | 7.90 | NZX 50** | 11,717.43 | -117.57 |
DJIA** | 39,118.86 | -45.24 | NIKKEI** | 39,583.08 | +241.54 |
Nasdaq** | 19,682.87 | -106.13 | FTSE** | 8,164.12 | -15.56 |
S&P 500** | 5,460.48 | -22.39 | Hang Seng** | 17,718.61 | 2.14 |
SPI 200 Fut | 7,737 | -35.00 | STI** | 3,332.8 | -10.55 |
SSEC** | 2,967.4028 | 21.55 | KOSPI** | 2,797.82 | 13.76 |
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Bonds | Net Chng | Bonds | Net Chng | ||
JP 10 YR Bond | 1.054 | 0.008 | KR 10 YR Bond | 3.26 | -0.022 |
AU 10 YR Bond | 4.41 | 0.08 | US 10 YR Bond | 4.3921 | 0 |
NZ 10 YR Bond | 4.698 | 0 | US 30 YR Bond | 4.5535 | 0 |
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Currencies | Net Chng | Net Chng | |||
SGD US$ | 0 | 0 | KRW US$ | 1,380.73 | -5.62 |
AUD US$ | 0 | 0 | NZD US$ | 0.6084 | 0.0002 |
EUR US$ | 1.0738 | 0.0025 | Yen US$ | 160.64 | -0.19 |
THB US$ | 36.76 | -0.06 | PHP US$ | 58.48 | 0 |
IDR US$ | 16,370 | -25 | INR US$ | 83.355 | -0.0829 |
MYR US$ | 4.715 | -0.003 | TWD US$ | 32.45 | -0.08 |
CNY US$ | 7.2672 | -0.0016 | HKD US$ | 7.8076 | -0.0004 |
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Commodities | Net Chng | Net Chng | |||
Spot Gold | 2,325.7051 | -1.7409 | Silver (Lon) | 29.1276 | 0.0676 |
U.S. Gold Fut | 2,339.6 | 7.5 | Brent Crude | 86.41 | -0.13 |
Iron Ore | CNY825 | 6 | TRJCRB Index | - | - |
TOCOM Rubber | JPY330.6 | 2.1 | LME Copper | 9,597 | 90.5 |
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** indicates closing price
All prices as of 20:10 GMT
EQUITIES
GLOBAL - Global stock indexes edged lower on Friday, reversing early gains, while Treasury yields rose and the U.S. dollar declined as investors absorbed data that showed U.S. monthly inflation was unchanged in May.
MSCI's gauge of stocks across the globe .MIWD00000PUS fell 1.74 points, or 0.22%, to 802.01.
For a full report, click on MKTS/GLOB
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NEW YORK - U.S. stocks ended weaker on Friday after an early rally fizzled as investors digested in-line inflation data and weighed political uncertainty after the U.S. presidential debate.
The Dow Jones Industrial Average .DJI fell 41.12 points, or 0.11%, to 39,122.94. The S&P 500 .SPX lost 22.57 points, or 0.41%, at 5,460.30 and the Nasdaq Composite .IXIC dropped 126.08 points, or 0.71%, to 17,732.60.
For a full report, click on .N
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LONDON - European shares gave up early gains to close lower on Friday as a drop in shares of beauty giant L'Oreal weighed, while the benchmark index clocked weekly, monthly and quarterly declines on French political uncertainties
The pan-European STOXX 600 .STOXX closed 0.2% lower,extending losses to the fourth straight session.
For a full report, click on .EU
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TOKYO - Japan's Topix stock index climbed to a 34-year high on Friday, as banks gained amid a gradual rise in domestic bond yields and technology shares rebounded from a sell-off in the previous day.
The more tech-heavy Nikkei .N225 rallied 0.61% to 29,583.08, recouping most of Thursday's 0.82% slide.
For a full report, click on .T
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SHANGHAI - China stocks reversed losses at market close on Friday as the first 2024 U.S. presidential election debate was light on criticisms against China, offering nervous investors - on guard for policy hints that could affect the country's economy - a breather.
China's benchmark CSI300 .CSI300 closed up 0.2%, after opening 0.3% lower.
For a full report, click on .SS
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AUSTRALIA - Australian shares were poised to open lower as it tracked a fall in Wall Street shares as investors digest the U.S. inflation print which came in in-line with market expectations.
The local share price index futures YAPcm1 fell 0.4%, a 30.5-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed 0.1% higher on Friday.
For a full report, click on .AX
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SEOUL - South Korean shares rose on Friday and ended June with the biggest monthly gain in seven, as SK group stocks jumped amid the conglomerate's restructuring push.
The benchmark KOSPI .KS11 closed up 13.76 points, or 0.49%, at 2,797.82.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar slipped on Friday after data showed inflation in the world's largest economy subsided last month, cementing expectations the Federal Reserve will start cutting interest rates this year.
The greenback, however, edged higher to trade flat on Friday, with investors still focused on the wide interest rate differential between the United States and Japan.
For a full report, click on USD/
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CHINA - The yuan rose slightly against the dollar but remained near seven-month lows, with the first U.S. presidential debate of 2024 providing little impetus for the market.
Supported by firmer central bank guidance, the yuan CNY=CFXS was 0.01% higher at 7.2678 to the dollar as of 0312 GMT, after trading in a range of 7.2641 to 7.2685.
For a full report, click on CNY/
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AUSTRALIA - The Australian dollar fell to a 10-day low on Friday as markets pared the chance of a rate hike on dovish comments from a top central banker, while bonds got much needed relief to end a brutal week of sell-offs.
The Aussie AUD=D3 fell 0.3% to $0.6624, the lowest since June 18.
For a full report, click on AUD/
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SEOUL - The South Korean won strengthened against the dollar on Friday.
The won ended onshore trade KRW=KFTC at 1,376.7 per dollar, 0.66% higher than its previous close at 1,385.8.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields reversed earlier declines to trade higher on Friday as uncertainty around the U.S. presidential election as well as the imminent French legislative elections offset an earlier confidence boost from a slowdown in U.S. inflation.
Benchmark 10-year yields US10YT=RR were last at 4.34%, about five basis points higher than on Thursday.
For a full report, click on US/
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LONDON - The premium investors demand to hold French government bonds jumped to its highest since the euro zone debt crisis in 2012 on Friday, highlighting market nerves about parliamentary elections this weekend.
The 10-year German bond yield DE10YT=RR, the benchmark for the euro area, touched its highest since June 13 and was last up 3 bps to 2.49%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields eased back from recent highs on Friday but remained on course for a substantial weekly advance as the embattled yen fuelled bets for near-term policy tightening by the Bank of Japan.
The 10-year JGB yield JP10YTN=JBTC fell 1 bp to 1.06%, after reaching 1.08% on Thursday, the highest level this month.
For a full report, click on JP/
COMMODITIES
GOLD
Gold prices steadied on Friday and were headed for a third straight quarterly gain after a key U.S. inflation report was broadly in line with expectations, boosting hopes that the Federal Reserve could cut interest rates by September.
U.S. gold futures GCcv1 settled 0.1% higher at $2,339.6.
For a full report, click on GOL/
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IRON ORE
Iron ore futures prices edged up on Friday andlogged a weekly rise, thanks to a boost from the latest property stimulus and resilient demand for the key steelmaking ingredient in top consumer China, though lingering high stocks curbed gains.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.18% higher at 825 yuan ($113.52) a metric ton, a rise of 0.5% week-on-week.
For a full report, click on IRONORE/
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BASE METALS
Copper prices rose on Friday after encouraging U.S. inflation data that could support future interest rate cuts, while some traders bought futures after they failed to break below a key support.
Three-month copper CMCU3 on the London Metal Exchange rose 0.9% to $9,597 a metric ton by 1610 GMT.
For a full report, click on MET/L
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OIL
Oil prices fell on Friday as investors weighed weak U.S. fuel demand and took some money off the table at quarter-end, while key inflation data for May boosted the chances the Federal Reserve will start to cut interest rates this year.
Brent crude futures for August settlement LCOc1, which expired on Friday, settled up 2 cents at $86.41 a barrel.
For a full report, click on O/R
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PALM OIL
Malaysian palm oil futures ended higher for a third session on Friday, snapping a three-week decline, on concerns over poor production and tracking higher rival edible oils.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 26 ringgit, or 0.67%, to 3,916 ringgit ($830.54) a metric ton.
For a full report, click on POI/
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RUBBER
Japanese rubber futures fell on Friday to end the month lower, due to subdued rubber demand and supply recovery post-wintering.
The December Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: closed down 4.1 yen, or 1.23%, to 328.5 yen ($2.04) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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