Asia Morning Call-Global Markets

Reuters
09 Jul
Asia Morning Call-Global Markets

July 9 (Reuters) -

Stock Markets

Net Change

Stock Markets

Net Change

S&P/ASX 200**

8,590.70

1.40

NZX 50

12,859.02

94.07

DJIA

44,282.93

-123.43

NIKKEI

39,688.81

101.13

Nasdaq

20,449.75

37.23

FTSE

8,854.18

47.65

S&P 500

6,232.76

2.78

Hang Seng

24,148.07

260.24

SPI 200 Fut

8,572.00

-6

STI

4,047.86

16.00

SSEC

3,497.48

24.35

KOSPI

3,114.95

55.48

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

Bonds

Bonds

JP 10 YR Bond

1.4940

0.0040

KR 10 YR Bond

2.847

0.007

AU 10 YR Bond

4.3260

0.0500

US 10 YR Bond

4.4231

0.028

NZ 10 YR Bond

4.5780

0.0050

US 30 YR Bond

4.9573

0.027

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

Currencies

SGD US$

1.2795

-0.0008

KRW US$

1,369.370

-5.84

AUD US$

0.6530

0.0038

NZD US$

0.6004

0.001

EUR US$

1.1725

0.0018

Yen US$

146.6600

0.64

THB US$

32.5500

-0.06

PHP US$

56.5510

-0.018

IDR US$

16,200

-25

INR US$

85.7500

0

MYR US$

4.2370

0.007

TWD US$

29.0680

0.02

CNY US$

7.1785

0.0035

HKD US$

7.8499

0.0006

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

Commodities

Spot Gold

3,307.2528

-27.9882

Silver (Lon)

36.64

-0.0988

U.S. Gold Fut

3,316.2

-26.6

Brent Crude

70.46

1.26

Iron Ore

CNY733

0.5

TRJCRB Index

-

-

TOCOM Rubber

JPY312.8

0.6

LME Copper

9,583.2

-246.3

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

** indicates closing price

All prices as of 1809 GMT

EQUITIES

GLOBAL - Major stock indexes were little changed on Tuesday as investors digested the latest news in U.S. President Donald Trump's tariff rollout, and the yen extended its slide against the dollar on planned 25% duties on goods from Japan.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 0.36 points, or 0.04%, to 919.57.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - The S&P 500 and the Nasdaq struggled for direction on Tuesday, as anxiety over President Donald Trump's latest tariff salvo overshadowed investor hopes that fresh talks with U.S. trading partners might avert a full-blown global trade war.

At 11:49 a.m. the Dow Jones Industrial Average .DJI fell 58.27 points, or 0.13%, to 44,348.09, the S&P 500 .SPX gained 1.04 points, or 0.02%, to 6,231.02 and the Nasdaq Composite .IXIC gained 5.06 points, or 0.03%, to 20,417.57.

For a full report, click on .N

- - - -

LONDON - European shares ended higher on Tuesday, boosted by healthcare and energy shares while investors assessed the latest phase of U.S. President Donald Trump's tariff rollouts, which included a new deadline for trade deals.

The pan-European STOXX 600 index .STOXX ended 0.4% higher, hitting its highest level in three weeks.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average rose on Tuesday, buoyed by a weakening yen and as U.S. President Donald Trump gave an additional three-week grace period for tariff negotiations.

The Nikkei .N225 gained 0.26% to end at 39,688.81.

For a full report, click on .T

- - - -

SHANGHAI - China and Hong Kong stocks ended higher on Tuesday, tracking broader gains in Asia, as investors looked past the latest shift in U.S. President Donald Trump's tariff plans and welcomed Beijing's new measures to curb price wars.

China's blue-chip CSI300 Index .CSI300 closed up 0.8%, while the Shanghai Composite Index .SSEC gained 0.7%. Hong Kong's benchmark Hang Seng .HIS was up 1.1%.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares were flat on Tuesday after the Reserve Bank of Australia $(RBA)$ held interest rates steady, defying expectations of a quarter-point cut.

The S&P/ASX 200 benchmark index .AXJO slipped to 8,562.60 after the RBA's announcement but pared the losses to end flat at 8,590.70 points.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares on Tuesday recorded their strongest daily gain in two weeks, as U.S. President Donald Trump extended a pause on tariffs, boosting optimism around a potential trade deal.

The benchmark KOSPI .KS11 closed up 1.81%, or 55.48 points, at 3,114.95, marking its biggest daily percentage rise since June 24.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar =USD last stood at 97.29, holding to some of its 0.5% gain from the previous session.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan briefly weakened to a two-week low against the dollar on Tuesday on renewed investor worries over U.S. tariffs, but it recouped early losses after major state-owned banks stepped in to support the currency.

The onshore yuan CNY=CFXS slipped to 7.1833 per dollar, the weakest level since June 23, before recovering to trade 0.05% firmer at 7.1715 as of 0339 GMT.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian dollar bolted higher on Tuesday after the country's central bank shocked investors by not cutting interest rates as had been widely expected, slamming a dovish debt market and pushing yields higher.

The Aussie bounced 0.8% to $0.6545 AUD=D3, having shed 0.9% on Monday as the latest U.S. tariff scare roiled markets.

For a full report, click on AUD/

- - - -

SEOUL - South Korean won strengthened against the dollar on Tuesday.

The won was quoted at 1,367.9 per dollar on the onshore settlement platform KRW=KFTC, 0.67% higher than its previous close at 1,377.0.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields rose on Tuesday, a day after President Donald Trump announced tariffs on multiple countries and as investors awaited Treasury's sales of $119 billion in coupon-bearing debt this week.

The yield on benchmark U.S. 10-year notes US10YT=RR was last up 3.6 basis points on the day at 4.431%, the highest level since June 20.

For a full report, click on US/

- - - -

LONDON - Germany's longer-dated bond yields hit six-week highs on Tuesday, as an absence so far of additional U.S. tariffs on the European Union left markets to focus on European spending and borrowing.

Germany's 10-year bond yield, the euro zone benchmark, rose 4 basis points to 2.64%, after earlier touching its highest since May 21. DE10YT=RR

For a full report, click on GVD/EUR

- - - -

TOKYO - Japan's super-long-dated bonds continued to decline on Tuesday as investors evaluated the potential outcome of the upcoming upper house election.

The 20-year JGB yield JP20YTN=JBTC touched 2.485%, its highest point since May 26, and was last at 2.475%, up 5 bps from the previous session.

For a full report, click on JP/

COMMODITIES

GOLD

Safe-haven gold prices slipped more than 1% on Tuesday, hurt by some optimism over trade deal between U.S. and its trading partners, while a firmer U.S. dollar and rising Treasury yields added further pressure.

Spot gold XAU= eased 1.2% to $3,294.19 per ounce, as of 1121 a.m. EDT (1521 GMT).

For a full report, click on GOL/

- - - -

IRON ORE

Iron ore futures prices rebounded on Tuesday, supported by resilient near-term demand in top consumer China, although caution triggered by U.S. President Donald Trump's threat of higher tariffs capped gains.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.14% higher at 733 yuan ($102.21) a metric ton, after falling by nearly 0.7% on Monday.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper prices slipped on Tuesday as the dollar rose, worries about economic slowdown and demand growth caused by U.S. President Donald Trump's tariffs resurfaced and rising inventories triggered selling.

Benchmark copper CMCU3 on the London Metal Exchange $(LME.AU)$ was down 0.3% at $9,802 a metric ton at 1621 GMT as the dollar rose after the New York open.

For a full report, click on MET/L

- - - -

OIL

Oil prices edged up to a two-week high on Tuesday as positive U.S. economic news, lower U.S. oil production and rising demand for oil products countered OPEC+ output increases and worries U.S. tariffs could reduce energy demand.

Brent crude futures LCOc1 rose 88 cents, or 1.3%, to $70.46 a barrel at 1:07 p.m. EDT (1707 GMT)

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures rose for a second session on Tuesday to its highest closing in nearly three months, tracking gains in rival vegetable oils and supported by a weaker ringgit.

The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 78 ringgit, or 1.92%, to 4,149 ringgit ($979.23) a metric ton at closing.

For a full report, click on POI/

- - - -

RUBBER

Japanese rubber futures rose on Tuesday, buoyed by optimism over rising automobile demand, following plans by China's BYD to ramp up electric vehicle $(EV)$ assembly in Brazil.

The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: ended daytime trade up 2.9 yen, or 0.94%, at 312.2 yen ($2.14) 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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