Asia Morning Call-Global Markets

Reuters
04 Jun
Asia Morning Call-Global Markets

June 4 (Reuters) -

Stock Markets

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

8466.7

52.6

NZX 50**

12327.23

−91.66

DJIA

42483.08

177.6

NIKKEI**

37446.81

-23.86

Nasdaq

19358.362

115.749

FTSE**

8787.02

12.76

S&P 500

5959.52

23.58

Hang Seng**

23512.49

354.52

SPI 200 Fut

8512

28

STI**

3894.38

3.79

SSEC**

3361.9755

14.4882

KOSPI**

2698.97

1.3

----------------------------------------------------------------------------------------

Bonds

Bonds

JP 10 YR Bond

1.48

-0.025

KR 10 YR Bond

-

-

AU 10 YR Bond

87.802

0.121

US 10 YR Bond

98.3125

0

NZ 10 YR Bond

98.979

0.031

US 30 YR Bond

96.390625

0.171875

----------------------------------------------------------------------------------------

Currencies

SGD US$

1.2889

0.0039

KRW US$

-

-

AUD US$

0.6463

-0.003

NZD US$

0.6000

-0.0034

EUR US$

1.1375

-0.0066

Yen US$

143.85

1.16

THB US$

32.61

0.11

PHP US$

55.694

0.089

IDR US$

16280

40

INR US$

85.6810

0.355

MYR US$

4.2400

-0.013

TWD US$

29.987

0.001

CNY US$

7.1872

-0.0119

HKD US$

7.8452

0.0009

----------------------------------------------------------------------------------------

Commodities

Spot Gold

3351.8567

-26.7689

Silver (Lon)

34.4948

-0.2952

U.S. Gold Fut

3376.7

-20.5

Brent Crude

65.74

0.56000

Iron Ore

CNY695.5

-1.5

TRJCRB Index

-

-

TOCOM Rubber

JPY284.7

-2.3

LME Copper

9638.5

22

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1800 GMT

EQUITIES

GLOBAL - Wall Street edged higher and the dollar rebounded on Tuesday as market participants looked past ongoing tariff wrangling and lowered economic expectations ahead of Friday's crucial U.S. employment report.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 0.37 points, or 0.04%, to 883.25.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - U.S. stock indexes rose on Tuesday, helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on Washington's tariff plans.

At 12:03 p.m. ET the Dow Jones Industrial Average .DJI rose 143.83 points, or 0.34%, to 42,449.44, the S&P 500 .SPX gained 29.76 points, or 0.51%, to 5,966.11 and the Nasdaq Composite .IXIC gained 155.31 points, or 0.82%, to 19,399.82.

For a full report, click on .N

- - - -

LONDON - Europe's benchmark stock index ended little changed on Tuesday, as investors ceded ground under the dual pressure of softening economic indicators and persistent global trade anxieties.

The pan-European STOXX 600 .STOXX closed flat at 548.42 points.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average dropped in the final minute of trading on Tuesday, extending its losing streak to a third day, as traders turned increasingly nervous about global trade tensions.

The Nikkei .N225 ended the day 0.06% lower at 37,446.81, with 122 of its 225 components declining, 98 rising and five ending flat.

For a full report, click on .T

- - - -

SHANGHAI - China and Hong Kong shares edged up on Tuesday, as banking stocks hit record highs and automakers rebounded, though investors remained cautious ahead of key developments later in the week.

At the close, China's blue-chip CSI300 index .CSI300 gained 0.3%, while the Shanghai Composite index .SSEC advanced 0.4%, both recovering from earlier losses

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares ended higher on Tuesday, helped by banks as investors expectations for further rate cuts were strengthened after minutes from the central bank's May meeting showed it had considered an outsized cut.

The S&P/ASX 200 index .AXJO rose 0.6% to 8,466.70 points at the close of trade.

For a full report, click on .AX

- - - -

SEOUL - South Korean financial markets will be closed on Tuesday for the country's snap presidential election. Markets will resume trade at normal hours on Wednesday, June 4.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The U.S. dollar rose on Tuesday, pulling back from a six-week low against the euro, even as investors remained concerned about potential economic damage from the trade war waged by President Donald Trump's administration.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan weakened against the dollar on Tuesday, the first trading session after the holiday, as investors cautiously awaited fresh developments in the Sino-U.S. relations following some signs of a re-escalation of tensions.

As of 0351 GMT, the onshore yuan CNY=CFXS was 0.02% lower at 7.1974 per dollar, while its offshore counterpart CNH=D3 traded at 7.1994.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars backed away from resistance on Tuesday as soft economic data encouraged profit-taking on an overnight surge, while nudging short-term yields lower.

The see-saw action left the Aussie down 0.4% at $0.6468 AUD=D3, unwinding some of Monday's 1% rally to $0.6500 that came amid a broad tariff-inspired sell off in the U.S. dollar.

For a full report, click on AUD/

- - - -

SEOUL - South Korean financial markets will be closed on Tuesday for the country's snap presidential election. Markets will resume trade at normal hours on Wednesday, June 4.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - Longer-dated U.S. Treasury yields were mostly lower on Tuesday, as investors awaited updates on tariff talks and budget negotiations, but they were off earlier lows after a report on the labor market.

The yield on the benchmark U.S. 10-year Treasury note US10YT=TWEB fell 2 basis points to 4.442% and was on track for its third decline in four sessions.

For a full report, click on US/

- - - -

LONDON - Long-dated euro zone government bond yields fell on Tuesday, as slowing euro zone inflation buoyed expectations for a European Central Bank rate cut this week, while a strong Japanese auction earlier lifted sentiment across big bond markets.

German 10-year bond yields were last down 2 bps to 2.503%, having earlier hit their lowest level since May 8. DE10YT=RR

For a full report, click on GVD/EUR

- - - -

TOKYO - Yields on 10-year Japanese government bonds declined on Tuesday, reversing an earlier rise, after results of an auction of the securities saw the highest demand since April last year.

Benchmark 10-year JGB futures 2JGBv1 flipped to a 0.14 yen gain to 139.16 yen.

For a full report, click on JP/

COMMODITIES

GOLD - Gold fell 1% on Tuesday after hitting a near four-week high, pressured by a firmer dollar as investors grew cautious ahead of a potential call between U.S. President Donald Trump and Chinese leader Xi Jinping.

Spot gold XAU= fell 1% to $3,346.96 an ounce as of 12:56 p.m. ET (1656 GMT), after hitting its highest since May 8, earlier in the session.

For a full report, click on GOL/

- - - -

IRON ORE - Iron ore futures fell to their lowest in nearly two months on Tuesday due to demand fears sparked by President Donald Trump's plan to double tariffs on steel imports and on weak factory data in top consumer China.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.14% lower at 695.5 yuan ($96.69) a metric ton.

For a full report, click on IRONORE/

- - - -

BASE METALS - Copper prices steadied on Tuesday as uncertainty about U.S. tariffs policy kept the premium of U.S. copper futures against the London benchmark high, offsetting weaker-than-expected factory activity in top metals consumer China.

Benchmark three-month copper on the London Metal Exchange CMCU3 rose 0.1% to $9,622.50 per metric ton by 1631 GMT.

For a full report, click on MET/L

- - - -

OIL - Oil prices climbed about 2% on Tuesday to a two-week high,as persistent geopolitical tensions between Russia and Ukraine and the U.S. and Iran looked set to keep sanctions on both Russia and Iran in place for longer.

Brent crude futures LCOc1 rose $1.11, or 1.7%, to $65.74 a barrel at 11:21 a.m. EDT (1521 GMT), while U.S. West Texas Intermediate $(WTI)$ crude CLc1 rose $1.17, or 1.9%, to $63.69.

For a full report, click on O/R

- - - -

PALM OIL - Malaysian palm oil futures closed higher on Tuesday, tracking stronger Dalian's edible oil market and India's reduction in basic import tax on crude edible oils.

The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 56 ringgit, or 1.44%, to 3,934 ringgit ($927.83) a metric ton at the close.

For a full report, click on POI/

- - - -

RUBBER - Japanese rubber futures slid on Tuesday to their lowest in more than a year, pressured by weak demand for the tyre-making material in top consumer China and expectations of increased supply due to seasonal tapping.

The Osaka Exchange (OSE) rubber contract for November delivery JRUc6, 0#2JRU: ended daytime trade 3.9 yen lower, or 1.34%, at 287 yen ($2.01) per kg.

For a full report, click on RUB/T

- - - -

(Bengaluru Bureau; +91 80 6749 1130)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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