Asia Morning Call-Global Markets
July 2 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7,750.70 | −16.80 | NZX 50** | 11,789.39 | +71.96 |
DJIA | 39,169.52 | +50.66 | NIKKEI** | 39,631.06 | +47.98 |
Nasdaq | 17,879.3 | 146.70 | FTSE** | 8,166.76 | 2.64 |
S&P 500 | 5,475.09 | +14.61 | Hang Seng** | 17,718.61 | 2.14 |
SPI 200 Fut | 7,721.00 | -23.00 | STI** | 3,338.57 | 5.77 |
SSEC** | 2,994.73 | 27.33 | KOSPI** | 2,804.31 | +6.49 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.069 | 0.008 | KR 10 YR Bond | 3.311 | 0.029 |
AU 10 YR Bond | 4.447 | 0.062 | US 10 YR Bond | 4.4692 | 0.126 |
NZ 10 YR Bond | 4.678 | 0.005 | US 30 YR Bond | 4.6305 | 0.128 |
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Currencies | |||||
SGD US$ | 1.3577 | 0.0017 | KRW US$ | 1,383.69 | 2.96 |
AUD US$ | 0.6657 | -0.0013 | NZD US$ | 0.6074 | -0.001 |
EUR US$ | 1.0739 | 0.0026 | Yen US$ | 161.45 | 0.62 |
THB US$ | 36.75 | -0.01 | PHP US$ | 58.62 | 0.14 |
IDR US$ | 16,320 | -50 | INR US$ | 83.438 | 0.083 |
MYR US$ | 4.71 | -0.005 | TWD US$ | 32.546 | 0.096 |
CNY US$ | 7.2683 | 0.0011 | HKD US$ | 7.8123 | 0.0043 |
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Commodities | |||||
Spot Gold | 2,331.64 | 5.9349 | Silver (Lon) | 29.4416 | 0.314 |
U.S. Gold Fut | 2,338.9 | -0.7 | Brent Crude | 86.71 | 1.71 |
Iron Ore | 840 | 15 | TRJCRB Index | - | - |
TOCOM Rubber | JPY331.5 | 3.1 | LME Copper | 9,635 | 38 |
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** indicates closing price
All prices as of 18:41 GMT
EQUITIES
GLOBAL - Global stocks edged higher in choppy trading on Monday, while U.S. Treasury yields rose following France's historic elections and ahead of a string of economic data this week that could provide clues on the likelihood of Federal Reserve interest rate cut.
The MSCI world equity index .MIWD00000PUS, which tracks shares in nearly 50 countries, was up 0.05% after paring losses.
For a full report, click on MKTS/GLOB
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NEW YORK - Megacap growth stocks led by Appleand Tesla lifted the tech-heavy Nasdaq to a higher close on Monday, while the Dow and the S&P 500 also eked out slight gains in light pre-holiday trading.
The Dow Jones Industrial Average .DJI rose 50.66 points, or 0.13%, to close at 39,169.52, the S&P 500 .SPX gained 14.61 points, or 0.27%, to 5,475.09 and the Nasdaq Composite .IXIC gained 146.70 points, or 0.83%, to 17,879.30.
For a full report, click on .N
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LONDON - European stocks gained on Monday, with French shares leading the charge after the far-right National Rally (RN) party scored historic gains in the first round of parliamentary elections, but by a smaller margin than what some opinion polls had suggested.
France's blue-chip CAC 40 index .FCHI jumped 1.1% to lead gains among regional markets. That helped the region-wide STOXX 600 index .STOXX rise 0.3%, snapping four consecutive sessions of losses.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average gave up most of its early gains to end little changed on Monday, as the central bank's Tankan survey drove expectations for interest rate hike bets.
The Nikkei .N225 inched up 0.12% to close at 39,631.06, after rising as much as 0.9% earlier, tracking its futures higher in the previous session.
For a full report, click on .T
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SHANGHAI - China stocks rose on Monday, after a private sector survey showed China's manufacturing activity grew at the fastest pace in more than three years.
The blue-chip CSI300 index .CSI300 was up 0.48%.
For a full report, click on .SS
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AUSTRALIA - Australian shares closed lower on Monday, starting the second half of 2024 on a sombre note, as political uncertainties in Europe weighed on investor sentiment ahead of the minutes of the Reserve Bank of Australia's latest policy meeting.
The S&P/ASX 200 index .AXJO fell 0.2% to 7,750.7 at the close of trade. The benchmark rose 2.3% in the first half of the year after having risen more than 5% in the second half of 2023.
For a full report, click on .AX
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SEOUL - South Korean shares rose on Monday, as battery and biopharmaceutical stocks jumped after robust economic data.
The benchmark KOSPI .KS11 closed up 6.49 points, or 0.23%, at 2,804.31.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar surged to a fresh 38-year peak against the yen on Monday, as Treasury yields on the long end rose sharply, keeping investors on heightened alert for intervention from Japanese authorities to bolster the country's currency.
The dollar index =USD was last up 0.1% at 105.84.
For a full report, click on USD/
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SHANGHAI - China's yuan remained largely steady against the U.S. dollar on Monday after a private sector survey showed China's manufacturing activity grew at the fastest pace in more than three years.
By 0312 GMT, the yuan CNY=CFXS was 0.01% lower at 7.2678 to the dollar after trading in a range of 7.2665 to 7.2685.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars started the week on the front foot as a cooling in a key U.S. inflation reading reinforced rate cut bets, while they lost ground to a buoyant euro after France's first round election votes.
The Aussie AUD=D3 rose 0.1% to $0.6672, having eked out 0.4% last week to as high as $0.6689 thanks to the benign U.S. PCE data, which kept the prospects of a September rate cut alive.
For a full report, click on AUD/
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SEOUL - South Korean shares rose on Monday, as battery and biopharmaceutical stocks jumped after robust economic data.
The won was quoted at 1,379.3 per dollar on the onshore settlement platform KRW=KFTC, 0.19% lower than its previous close at 1,376.7.
For a full report, click on KRW/
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TREASURIES
NEW YORK - Benchmark 10-year U.S. Treasury yields rose to their highest levels since late May on Monday at the start of a holiday-shortened week that will likely be marked by low trading volumes.
The yield on the benchmark U.S. 10-year Treasury note US10YT=RR rose 13.8 basis points to 4.481%.
For a full report, click on US/
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LONDON - The premium that investors demand to hold French government bonds fell from a 12-year high on Monday after the first round of voting in the country's parliamentary election suggested a hung parliament was the most likely eventual outcome.
The 10-year German Bund yield rose 12 basis points (bps) to 2.61%, its highest in two weeks, as a flight to safety ahead of the vote reversed. DE10YT=RR
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields rose on Monday as a weak yen stoked expectations for tighter Bank of Japan policy, while concerns over elections in France and the U.S. pushed yields higher globally.
The 10-year JGB yield JP10YTN=JBTC rose 2.5 basis points to 1.065% as of 0438 GMT, ticking back towards an almost 13-year peak of 1.1% from late May.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices edged higher on Monday, buoyed by some short covering from investors with focus turning to U.S. jobs data due later this week that could offer more cues around interest rate cuts by the Federal Reserve.
Spot gold XAU= was up 0.2% at $2,329.79 per ounce as of 1:52 p.m. ET (1752 GMT). Prices registered a more than 4% gain in the second quarter.
For a full report, click on GOL/
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IRON ORE - Iron ore futures prices rose on Monday to their highest levels in nearly two weeks, helped by better-than-expected factory data in top consumer China and hopes of more stimulus measures in the world's second-largest economy later this month.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 2.5% higher at 840 yuan ($115.58) a metric ton, the highest level since June 18.
For a full report, click on IRONORE/
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BASE METALS - Copper prices firmed on Monday due to support from a weaker dollar and some stronger data from China's manufacturing sector, but worries about demand in the top consumer fuelled by climbing inventories capped gains.
Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.4% at $9,635 a metric ton at 1604 GMT. Prices of the metal used in power and construction have dropped more than 10% since hitting all-time highs of $11,100 in May.
For a full report, click on MET/L
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OIL - Oil prices gained about 2% to a two-month high on Monday on hopes of rising demand during the Northern Hemisphere's summer driving season and worries that conflict in the Middle East could spread and reduce global oil supplies.
Brent LCOc1 futures rose $1.60, or 1.9%, to settle at $86.60per barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $1.84, or 2.3%, to settle at $83.38.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures extended gains for the fourth straight session on Monday, underpinned by worries over subdued production and tracking rival edible oils.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 68 ringgit, or 1.74%, to 3,984 ringgit ($845.86) per metric ton on the closing.
For a full report, click on POI/
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RUBBER - Japanese rubber futures were largely unchanged on Monday, as dismal Chinese economic data raised concerns over demand in top consumer of the tyre-making ingredient, though a weaker yen limited losses.
The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: closed down 0.1 yen at 328.4 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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