Asia Morning Call-Global Markets

Reuters
09 Jun
Asia Morning Call-Global Markets

June 9 (Reuters) -

Stock Markets

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

8515.7

-23.2

NZX 50**

12563.48

-13.67

DJIA

42762.87

443.13

NIKKEI**

37741.61

187.12

Nasdaq

19529.953

231.504

FTSE**

8837.91

26.87

S&P 500

6000.36

61.06

Hang Seng**

23792.54

-114.43

SPI 200 Fut

8559

29

STI**

3934.29

16.6

SSEC**

3385.3579

1.2594

KOSPI**

2812.05

41.21

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

Bonds

Bonds

JP 10 YR Bond

1.45

-0.01

KR 10 YR Bond

10237.51

5.75

AU 10 YR Bond

87.646

-0.105

US 10 YR Bond

97.96875

0.116

NZ 10 YR Bond

98.776

-0.707

US 30 YR Bond

96.65625

0.085

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

Currencies

SGD US$

1.2891

0.0039

KRW US$

1359.18

4.65

AUD US$

0.6491

-0.0012

NZD US$

0.6014

-0.0019

EUR US$

1.1394

-0.005

Yen US$

144.85

1.33

THB US$

32.76

0.16

PHP US$

55.786

0.151

IDR US$

16270

-15

INR US$

85.758

-0.0520

MYR US$

4.225

-0.002

TWD US$

29.928

0.01

CNY US$

7.1886

0.0136

HKD US$

7.8465

0.0006

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

Commodities

Spot Gold

3309.6743

-43.4424

Silver (Lon)

35.955

-0.195

U.S. Gold Fut

3346.6

-28.5

Brent Crude

66.47

1.73

Iron Ore

707.5

6.5

TRJCRB Index

-

-

TOCOM Rubber

291.5

-2.8

LME Copper

9670.5

-69

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

** indicates closing price

All prices as of 1815 GMT

EQUITIES

GLOBAL - U.S. stocks closed sharply higher on Friday and U.S. Treasury yields jumped as a generally upbeat employment report and bounce-back in Tesla TSLA.O shares helped the indexes notch weekly advances.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 5.27 points, or 0.59%, to 892.10.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - U.S. stocks closed higher on Friday after a better-than-expected jobs report calmed worries about the economy, while Tesla bounced, clawing back some losses from a sharp plunge the previous session.

The S&P 500 closed above 6,000 for the first time since Feb. 21, fueled by gains in technology shares.

The Dow Jones Industrial Average .DJI rose 442.88 points, or 1.05%, to 42,762.62, the S&P 500 .SPX gained 61.02 points, or 1.03%, to 6,000.32 and the Nasdaq Composite .IXIC gained 231.50 points, or 1.20%, to 19,529.95.

For a full report, click on .N

- - - -

LONDON - European shares rose for a second straight week, buoyed by robust U.S. employment figures and diminishing concerns over trade friction that had previously rattled investor confidence.

The pan-European STOXX 600 .STOXX rose 0.3% on Friday, and logged a 0.6% gain for the week.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average rose on Friday, as a weaker yen lifted sentiment, while concerns about trade tensions eased following a phone call between U.S. President Donald Trump and Chinese President Xi Jinping.

The Nikkei .N225 rose 0.5% to 37,741.61 but fell 1% for the week.

For a full report, click on .T

- - - -

SHANGHAI - China and Hong Kong stocks ended slightly lower on Friday, as investors remained cautious after a call between U.S. President Donald Trump and Chinese leader Xi Jinping failed to provide clear signals of progress in easing trade tensions.

China's blue-chip CSI300 Index .CSI300 fell 0.1%, while the Shanghai Composite Index .SSEC was flat.

For a full report, click on .SS

- - - -

AUSTRALIA - Australia shares capped four straight weeks of gains with minor declines in choppy trade on Friday after a call between U.S. President Donald Trump and China's Xi Jinping left key issues unresolved, weighing on sentiment.

The benchmark S&P/ASX 200 index .AXJO closed 0.3% lower at 8,515.70 points.

For a full report, click on .AX

- - - -

SEOUL - South Korean financial markets will be closed on Friday for a public holiday.

Markets will resume trade at normal hours on Monday, June 9.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar rose against major currencies on Friday after data showed better-than-expected U.S. jobs growth in May despite a slowdown from the previous month, suggesting the Federal Reserve might wait longer to cut interest rates.

The dollar index =USD, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.53% to 99.20 on the session, but it is on track to notch a weekly loss.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan slipped against the dollar while falling to a near two-year low versus its major trading partners on Friday, as U.S. President Donald Trump and Chinese leader Xi Jinping held a much-anticipated call but left key issues that have stoked tensions between the world's two largest economies unresolved.

As of 0830 GMT, the onshore yuan CNY=CFXS ended its domestic trading session at 7.1847 per dollar, down 0.08% from the previous night.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars were looking to end the week with hefty gains on Friday as a hint of thawing in the U.S.-China trade impasse aided risk sentiment, while investors everywhere braced for the all-important U.S. jobs report.

The Aussie was up 1.1% for the week at $0.6508 AUD=D3, having touched a six-month top of $0.6538 overnight.

For a full report, click on AUD/

- - - -

SEOUL - South Korean financial markets will be closed on Friday for a public holiday.

Markets will resume trade at normal hours on Monday, June 9.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields rose after data on Friday showed that employers added more jobs than economists had expected in May, indicating that the labor market remains solid despite concerns that it will weaken.

The yield on benchmark U.S. 10-year notes US10YT=RR was last up 11.1 basis points on the day at 4.506%, the highest since May 29.

For a full report, click on US/

- - - -

LONDON - Euro zone bond yields headed for their largest weekly rise since March after the European Central Bank signalled it may be nearing the endof rate cuts and U.S. data suggested the world's largest economy was still creating jobs at a steady clip.

Germany's 10-year yield DE10YT=RR, the benchmark for the euro zone, was last down 2.7 bps at 2.56%.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japan's 30-year government bonds (JGBs) were flat on Friday after being untraded for most of the session, following a weak auction for bonds with the same tenor in the previous session.

The 30-year JGB yield JP30YTN=JBTC was flat at 2.885%.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices slipped more than 1% on Friday after a stronger-than-expected U.S. jobs report dampened hopes for imminent Federal Reserve rate cuts this year, while silver soared to its highest level since 2012.

Spot gold XAU= fell 1.1% to $3,316.13 an ounce, as of 02:28 p.m. ET (1828 GMT), but rose 0.8% for the week so far.

For a full report, click on GOL/

- - - -

IRON ORE

Iron ore futures prices rose to a one-week high on Friday and were set for weekly gains, buoyed by progress in Sino-U.S. talks and steady demand from top consumer China, although seasonally slow steel consumption capped gains.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trade 0.86% higher at 707.5 yuan ($98.48)per metric ton, logging a weekly gain of 0.6%.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper prices fell on Friday as the dollar strengthened and the yuan weakened, while continued outflows from stocks in the warehouses registered with the London Metal Exchange and concerns about short-term supply capped losses.

The three-month copper contract on the LME CMCU3 lost 0.5% to $9,686.50 per metric ton by 1613 GMT.

For a full report, click on MET/L

- - - -

OIL

Crude rose more than $1 a barrel on Friday, postingits first weekly gain in three weeks after a favorable U.S. jobs report and resumed trade talks between the U.S. and China, raising hopes for growth in the world's two largest economies.

Brent crude futures LCOc1 settled at $66.47 a barrel, up $1.13, or 1.73%.

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures settled higher on Friday, reversing midday losses to log a fourth consecutive weekly gain, despite concerns over rising production and inventories.

The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 14 ringgit, or 0.36%, to 3,917 ringgit ($926.88) a metric ton at the close.

For a full report, click on POI/

- - - -

RUBBER

Japanese rubber futures climbedto a one-week high on Friday, supported by hopes of easing U.S.-China trade tensions, but the contract booked a modest weekly loss amid signs of weakness in the U.S. economy.

The Osaka Exchange (OSE) rubber contract for November delivery JRUc6, 0#2JRU: finished 1.9 yen, or 0.6%, higher at 294.3 yen ($2.0) per kg. It reached 297.3 yen, its highest level since May 30, earlier in the session.

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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