Asia Morning Call-Global Markets
July 5 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7,831.80 | 91.90 | NZX 50** | 11,746.66 | −44.26 |
DJIA | - | - | NIKKEI** | 40,913.65 | 332.89 |
Nasdaq | - | - | FTSE** | 8,241.26 | 70.14 |
S&P 500 | - | - | Hang Seng** | 18,028.28 | 49.71 |
SPI 200 Fut | 7,811.00 | -2.00 | STI** | 3,439.88 | 24.37 |
SSEC** | 2,957.57 | -24.81 | KOSPI** | 2,824.94 | 30.93 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.077 | -0.007 | KR 10 YR Bond | 3.245 | -0.034 |
AU 10 YR Bond | 4.411 | -0.005 | US 10 YR Bond | 4.3547 | 0 |
NZ 10 YR Bond | 4.77 | 0 | US 30 YR Bond | 4.523 | 0 |
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Currencies | |||||
SGD US$ | 1.3511 | -0.0029 | KRW US$ | 1,379.98 | -6.82 |
AUD US$ | 0.6728 | 0.00225 | NZD US$ | 0.6116 | 0.0014 |
EUR US$ | 1.0812 | 0.0026 | Yen US$ | 161.23 | -0.45 |
THB US$ | 36.56 | -0.1 | PHP US$ | 58.534 | -0.117 |
IDR US$ | 16,325 | -40 | INR US$ | 83.49 | -0.03 |
MYR US$ | 4.707 | -0.011 | TWD US$ | 32.48 | -0.152 |
CNY US$ | 7.2697 | -0.0002 | HKD US$ | 7.8094 | -0.0003 |
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Commodities | |||||
Spot Gold | 2,356.12 | 0.0638 | Silver (Lon) | 30.4 | -0.07 |
U.S. Gold Fut | 2,365.80 | -3.6 | Brent Crude | 87.55 | 0.21 |
Iron Ore | 864.5 | 0.5 | TRJCRB Index | - | - |
TOCOM Rubber | JPY327.5 | -2.7 | LME Copper | 9,878 | 2 |
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** indicates closing price
All prices as of 18:35 GMT
EQUITIES
GLOBAL - World stocks clocked up more record highs on Thursday after U.S. data narrowed the odds on a September Fed interest rate cut, while Europe was on politics watch again as UK voters headed to the polls in national elections.
Additional tailwinds for the FTSE came from MSCI's main global index .MIWD00000PUS, which notched up its latest record high after Wall Street's S&P 500 and Nasdaq had done the same ahead of the July 4 celebrations.
For a full report, click on MKTS/GLOB
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NEW YORK - U.S markets were closed on 4th July on account of Independence Day.
For a full report, click on .N
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LONDON - European shares rose on Thursday amid optimism around U.S. interest rate cuts following soft economic data, while London markets gained as voting began in the UK general election with polls predicting a historic victory for the Labour party.
The pan-European STOXX 600 index .STOXX rose 0.6% to a more one-week high.
For a full report, click on .EU
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TOKYO - Japan's main stock indexes settled at record closing highs on Thursday, led by gains in shares of automakers, banks and technology firms, as the market expects a robust corporate outlook in the latter half of the year.
The Nikkei .N225 ended 0.82% higher at 40,913.65, crossing a record close marked on March 22, led by technology stocks
For a full report, click on .T
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SHANGHAI - Mainland China stocks ended lower on Thursday, dragged by property shares, while Hong Kong shares rose after a slew of softer U.S. economic data raised investor bets on Federal Reserve interest rate cuts later this year.
The blue-chip CSI300 index .CSI300 was down 0.51% at 3,445.81 points, with property shares leading the losses. A sub-index tracking the real estate sector.
For a full report, click on .SS
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AUSTRALIA - Australian shares ended higher on Thursday, led by gains in miners and gold stocks on a weaker U.S. dollar following soft economic data in the United States, which fuelled hopes of the Federal Reserve cutting rates as soon as September.
The S&P/ASX 200 index .AXJO was up 1.2% at 7831.80 points, with most major sectors in positive territory. The benchmark gained 0.3% on Wednesday.
For a full report, click on .AX
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SEOUL - South Korean shares hit their highest level on Thursday in more than 29 months as chipmaker Samsung Electronics jumped ahead of its second-quarter earnings, while auto and financial stocks firmed on policy measures to encourage higher dividend payouts.
The benchmark KOSPI .KS11 closed up 30.93 points, or 1.11%, at 2,824.94, its highest level since Jan. 21, 2022.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The pound and the euro gained against the dollar on Thursday after weak U.S. economic data sent the greenback lower the previous day, as voting began in Britain and the French election neared.
The beleaguered Japanese yen, which failed to gain much traction on Wednesday, strengthened, with the dollar down 0.33% at 161.18 yen.
For a full report, click on USD/
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SHANGHAI - China's yuan rebounded on Thursday from a 7-1/2-month low against the dollar hit a day earlier, thanks to a slew of weaker-than-expected U.S. economic data that raised investor bets on Federal Reserve interest rate cuts later this year.
At 0242 GMT, the onshore yuan CNY=CFXS traded at 7.2710 per dollar, up from a low of 7.2737 hit on Wednesday, which was the weakest level since Nov. 14, 2023.
For a full report, click on CNY/
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AUSTRALIA - The Australian dollar stood tall near a six-month high on Thursday, after cracking major resistance levels overnight as soft U.S. economic data fanned hopes of a September rate cut, supporting bonds.
The Australian dollar firmed 0.2% to $0.6718 AUD=D3, having gained 0.6% overnight to as far as $0.6733, its highest level in six months. The currency also snapped the top-end of the recent trading range of $0.6714, helped by market wagers that the next move in local rates could be higher.
For a full report, click on AUD/
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SEOUL - South Korean shares hit their highest level on Thursday in more than 29 months as chipmaker Samsung Electronics jumped ahead of its second-quarter earnings, while auto and financial stocks firmed on policy measures to encourage higher dividend payouts.
The won was quoted at 1,380.4 per dollar on the onshore settlement platform KRW=KFTC, 0.39% higher than its previous close at 1,385.8.
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 edged higher on Thursday after dropping the previous day, as a French government bond sale passed with little trouble before the final round of the country's parliamentary elections on Sunday.
Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone bloc, rose 2.5 basis points (bps) to 2.583%. Yields move inversely to prices.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields declined on Thursday, tracking a steep fall in U.S. Treasury yields overnight as a slew of weak economic data boosted bets for Federal Reserve interest rate cuts this year.
Benchmark 10-year JGB futures 2JGBv1 closed 0.27 yen higher at 142.76 yen.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices were flat near a two-week high on Thursday after softer-than-expected U.S. economic data spurred hopes of interest rate cuts as early as September, and the market spotlight is now on Friday's non-farm payrolls data.
Spot gold XAU= edged 0.1% higher to $2,358.19 per ounce as of 9:53 a.m. ET (1353 GMT), after prices hit their highest level since June 21 on Wednesday. Most U.S. markets were closed for Independence Day holiday on Thursday.
For a full report, click on GOL/
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IRON ORE - Iron ore futures extended gains into a fifth straight session on Thursday to erase most losses from the previous month, underpinned by robust near-term demand, improved steel fundamentals, a weaker U.S. dollar and persistent hopes of more stimulus from top consumer China.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade almost 1.8% higher to 864.5 yuan ($118.89) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - Copper prices were steady on Thursday as investors balanced optimism over potential U.S. interest rate cuts with concern about high inventories and lacklustre demand in China.
Three-month copper CMCU3 on the London Metal Exchange (LME) was up 0.1% at $9,878 a metric ton by 1600 GMT.
For a full report, click on MET/L
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OIL - Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories.
Brent crude futures LCOc1 were up 21 cents, or 0.2%, at $87.55 a barrel by 1815 GMT.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures dropped on Thursday, tracking loss in the Dalian soyoil contract, while the market awaited for export and production data from the Malaysian Palm Oil Board (MPOB).
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange lost 15 ringgit, or 0.37%, to 4,067 ringgit ($864.03) a metric ton on the closing.
For a full report, click on POI/
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RUBBER - Japanese rubber futures fell on Thursday, tracking weaker crude oil and physical rubber prices.
The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: closed down 1.2 yen or 0.36%, at 330.2 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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