Asia Morning Call-Global Markets

Reuters
07-21
Asia Morning Call-Global Markets

July 21 (Reuters) -

Stock Markets

closing level)

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

8757.2

118.2

NZX 50**

12880.4

-25.01

DJIA

44342.19

-142.3

NIKKEI**

39819.11

-82.08

Nasdaq

20895.655

10.007

FTSE**

8992.12

19.48

S&P 500

6296.79

-0.57

Hang Seng**

24825.66

326.71

SPI 200 Fut

8688

-49

STI**

4189.5

28.07

SSEC**

3534.4827

17.6572

KOSPI**

3188.07

-4.22

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

Bonds

Bonds

JP 10 YR Bond

1.5320

0.0060

KR 10 YR Bond

2.893

-0.011

AU 10 YR Bond

4.3480

0.0130

US 10 YR Bond

4.4195

0

NZ 10 YR Bond

4.6250

-0.0100

US 30 YR Bond

4.9906

0

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

Currencies

SGD US$

0.0000

0

KRW US$

1,390.810

-0.73

AUD US$

0.0000

0

NZD US$

0.5962

0.0031

EUR US$

1.1625

0.003

Yen US$

148.8100

0.21

THB US$

32.3300

-0.15

PHP US$

57.0000

-0.2

IDR US$

16,285

-40

INR US$

86.1450

0.125

MYR US$

4.2440

0.002

TWD US$

29.4060

-0.006

CNY US$

7.1758

-0.0051

HKD US$

7.8472

0

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

Commodities

Spot Gold

3349.2607

10.6816

Silver (Lon)

38.17

0.055

U.S. Gold Fut

3358.3

12.88

Brent Crude

69.28

-24

Iron Ore

785

-0.5

TRJCRB Index

--

--

TOCOM Rubber

328.5

-0.6

Copper

9794.5

128

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

** indicates closing price

All prices as of 1820 GMT

EQUITIES

GLOBAL - MSCI's global equity index advanced slightly while U.S. Treasury yields dipped and Wall Street equities were barely changed on Friday as investors waited for corporate earnings and monitored the latest U.S. tariff threats while they digested a mixed economic picture.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 1.18 points, or 0.13%, to 927.47, hitting a record high earlier in the day.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - The S&P 500 and Nasdaq Composite ended little changed on Friday, overcoming a brief dip triggered by a Financial Times report indicating U.S. President Donald Trump was pushing for steep new tariffs on European Union products.

The S&P 500 .SPX lost 0.57 points, or 0.01%, to 6,296.79, and the Nasdaq Composite .IXIC gained 10.01 points, or 0.05%, to 20,895.66. The Dow Jones Industrial Average .DJI fell 142.30 points, or 0.32%, to 44,342.19.

For a full report, click on .N

- - - -

LONDON - European shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks, closing out a busy week filled with corporate earnings from around the continent.

The pan-European STOXX 600 index .STOXX held steady at 547 points, clocking marginal weekly losses.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average slipped from a more than two-week high to end lower on Friday as investors weighed the outcome of the nation's upper house election on the weekend.

The Nikkei .N225 fell 0.21% to 39,819.11.

For a full report, click on .T

- - - -

SHANGHAI - China and Hong Kong stocks rose on Friday and closed the week higher, as Beijing's campaign against cut-throat price competition lifted investor sentiment.

China's blue-chip CSI300 Index .CSI300 ended 0.6% higher, while the Shanghai Composite Index .SSEC gained 0.5%.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian stocks scaled a new high on Friday and notched their best week in nearly three months, as index heavyweight miners surged on strong underlying commodity prices and BHP Group's record annual copper and iron ore output.

The S&P/ASX 200 index .AXJO ended 1.4% higher at 8,757.2 after hitting a record peak of 8,776.4 earlier in the session.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares closed marginally lower on Friday, as financial stocks extended losses on investors taking profits. The benchmark index still managed to post a second straight weekly rise.

The benchmark KOSPI .KS11 closed down 4.22 points, or 0.13%, at 3,188.07.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation pressures and as U.S. President Donald Trump continued to criticise Chair Jerome Powell.

The dollar index =USD was roughly flat on the day at 98.49, and is on track for a 0.65% weekly gain.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan held steady despite U.S. dollar strength on Friday, as the central bank continued to guide the currency with a firm fix.

By 0316 GMT, the yuan CNY=CFXS was little changed at 7.1806 to the dollar.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars regained some footing on Friday as their U.S. counterpart ran into fresh selling, but for the week both nursed losses as markets increased bets on rate cuts at home.

The Aussie edged up 0.3% to $0.6505 AUD=D3, and off a three-week low of $0.6454 hit overnight.

For a full report, click on AUD/

- - - -

SEOUL - The South Korean won weakened against the dollar on Friday.

The won was quoted at 1,393.0 per dollar on the onshore settlement platform KRW=KFTC, 0.06% lower than its previous close at 1,392.2.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasuries rose on Friday, dragging yields lower, after Federal Reserve Governor Christopher Waller pushed for a rate cut later this month, citing a slowdown in private-sector hiring.

The benchmark 10-year yield was down 3 basis points (bps) at 4.434% US10YT=RR, but up for a third straight week.

For a full report, click on US/

- - - -

LONDON - The German bond yield curve was heading for its fourth straight week of steepening, as investors shifted their focus to expansionary fiscal plans, pushing long-dated yields higher while the short-dated ones held steady.

Germany’s 10-year government bond yield DE10YT=RR, the euro zone's benchmark, climbed two bps to 2.69%.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japanese government bonds rose on Friday as concerns over potential deterioration of fiscal health receded ahead of a closely watched national election.

The 10-year JGB yield JP10YTN=JBTC fell 3.5 bps to 1.52%.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices rose on Friday as a weaker U.S. dollar and ongoing geopolitical and economic uncertainty boosted demand for the safe-haven metal, while platinum prices eased after reaching their highest level since 2014.

Spot gold XAU= rose 0.4% to $3,351.18 per ounce, as of 0153 p.m.

For a full report, click on GOL/

- - - -

IRON ORE

Dalian iron ore futures climbed on Friday to their highest close in 4-1/2 months and logged a fourth consecutive weekly gain, as upbeat demand outlook and hopes for further policy support from Beijing boosted market sentiment.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 0.38% to 785 yuan ($109.34) a metric ton.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper climbed to its strongest in more than a week on Friday, driven by Chinese buyers, hopes for a U.S.-China trade deal, and higher risk appetite among other investors.

Three-month copper on the London Metal Exchange CMCU3 gained 1.1% to $9,777 per metric ton by 1600 GMT, its highest since July 8.

For a full report, click on MET/L

- - - -

OIL

Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union's latest sanctions against Russia for its war in Ukraine.

Brent crude futures LCOc1 fell 24 cents, or 0.3%, to settle at $69.28 a barrel.

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures closed higher on Friday and posted a third consecutive weekly gain, supported by strength in rival edible oils in Dalian and Chicago.

The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange gained 106 ringgit, or 2.52%, to 4,316 ringgit ($1,017.92) a metric ton at the close.

For a full report, click on POI/

- - - -

RUBBER

Japanese rubber futures closed Friday at a nearly seven-week high, rising for the fifth consecutive week, on concerns that heavy rains could disrupt tapping in key Southeast Asian producing regions.

The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: added 3.9 yen, or 1.2%, to 329.1 yen ($2.21) per kg, its highest close since May 27, and logged a 3.72% gain for the week.

For a full report, click on RUB/T

- - - -

(Bengaluru Bureau; +91 80 6749 1130)

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