August 1 (Reuters) -

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** indicates closing price

All prices as of 1830 GMT

EQUITIES

GLOBAL Wall Street outperformed European equities on Thursday, boosted by megacap earnings reports, even as data showed signs of rising inflation and investors watched for last-minute trade deals ahead of U.S. President Donald Trump's August 1 deadline.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 1.07 points.

For a full report, click on MKTS/GLOB

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NEW YORK - The S&P 500 and Nasdaq receded from record highs notched earlier on Thursday, as Wall Street shifted its focus beyond Microsoft's $4 trillion milestoneand braced for Apple and Amazon's earnings later in the day.

The Nasdaq Composite .IXIC jumped as much as 1.2% in its strongest intraday rally in nearly a month, before paring gains to 0.8%, while the S&P 500 .SPX advanced 0.45%. The Dow Jones Industrial Average .DJI, meanwhile, slipped into negative territory and then became flat.

For a full report, click on .N

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LONDON - European shares closed at a more than one-week low on Thursday, as investors were disappointed by a series of corporate reports from the likes of Sanofi and Ferrari, while beverage makers slid as they were faced with a 15% U.S. tariff.

The pan-European STOXX 600 index .STOXX finished 0.75% lower.

For a full report, click on .EU

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TOKYO - Japanese stocks rose on Thursday while the yen shed early gains after the Bank of Japan flagged continuing risks to the economic outlook in keeping interest rates steady.

The Nikkei share average .N225 ended the day up 1% at 41,069.82.

For a full report, click on .T

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SHANGHAI - China stocks on Thursday posted their steepest one-day decline since April, as sluggish factory data and the Politburo's lack of stimulus signals weighed on sentiment.

At the market close, the Shanghai Composite Index .SSEC was down 1.2% to 3,573.21.

For a full report, click on .SS

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AUSTRALIA - Australian shares closed slightly lower on Thursday, mainly dragged by heavyweight miners as Rio Tinto fell more than 3% after reporting its smallest first-half profit in five years.

The S&P ASX 200 benchmark index .AXJO slipped 13.6 points, or 0.2%, to finish at 8,742.80. The index rose more than 2% in July, clocking its fourth consecutive month of gains.

For a full report, click on .AX

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SEOUL - South Korean shares erased early gains to end lower on Thursday, as automakers dropped on the country's trade deal with the United States, outweighing a rally among shipbuilders.

The benchmark KOSPI .KS11 closed down 9.03 points, or 0.28%, at 3,245.44, after rising as much as 1.04% in early trade to its highest level since August 2021.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The dollar was poised for its first monthly gain of the year against major currencies on Thursday, underpinned by easing trade tensions and U.S. economic resilience.

The dollar index =USD was flat at 99.85 after rising nearly 1% in the previous session. It is on track for the first monthly gain in 2025.

For a full report, click on USD/

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SHANGHAI - China's yuan rebounded from a near two-month low against the dollar on Thursday, bolstered by stronger-than-expected guidance from the central bank, signalling its commitment to currency stability.

The onshore yuan CNY=CFXS recovered from a near two-month trough of 7.2 hit overnight to trade at 7.1921 per dollar as of 0402 GMT.

For a full report, click on CNY/

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AUSTRALIA - The Australian and New Zealand dollars steadied on Thursday after losing ground to a broadly firmer U.S. currency, while the Aussie drew support from surprising strength in domestic consumption data.

The Aussie edged up 0.3% to $0.6451 AUD=D3, having slid 1.2% the previous session to a one-month low of $0.6427. That was the fifth straight session of losses and leaves the Aussie a long way from its recent eight-month top of $0.6625.

For a full report, click on AUD/

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SEOUL - South Korean shares erased early gains to end lower on Thursday, as automakers dropped on the country's trade deal with the United States, outweighing a rally among shipbuilders.

The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 1.0 basis point to 2.465%.

For a full report, click on KRW/

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TREASURIES

NEW YORK - U.S. Treasury yields slid on Thursday in choppy trading, after rising the previous session following less dovish comments from Federal Reserve Chair Jerome Powell, as investors balanced positions ahead of another important indicator - nonfarm payrolls for July - on Friday.

In late morning trading, U.S. 10-year yields were last down 3.8 basis points (bps) at 4.340% US10YT=RR, but up 11 bps on the month.

For a full report, click on US/

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LONDON - Money markets pared back their bets on European Central Bank rate cuts on Thursday, now pricing in just a 50% chance of an additional 25-basis-point easing move by the end of the year.

Germany's 10-year bond yield, the benchmark for the euro zone, dropped 2 bps to 2.69%.

For a full report, click on GVD/EUR

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TOKYO - Japan's shorter-dated bonds pared declines on Thursday after the Bank of Japan policy statement caused market participants to push out expectations for any future interest rate hike.

The two-year JGB yield JP2YTN=JBTC rose to as high as 0.835% to hit the session high after the BOJ's decision, and was last at 0.825%, up 0.5 basis points.

For a full report, click on JP/

COMMODITIES

GOLD - Gold prices rose on Thursday as traders turned to the safe-haven asset amid ongoing tariff uncertainty ahead of U.S. President Donald Trump's August 1 deadline to end negotiations.

Spot gold XAU= was up 0.6% at $3,294.56 per ounce, as of 01:54 p.m. ET (17:54 GMT), after rising more than 1% earlier today.

For a full report, click on GOL/

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IRON ORE - Iron ore futures prices declined for a second straight session on Thursday to hit their lowest levels in two weeks, as weaker-than-expected July factory activity data in top consumer China raised demand concerns.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trade 2.38% lower at 779 yuan ($108.32) a metric ton, the lowest since July 17.

For a full report, click on IRONORE/

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BASE METALS - U.S. copper prices registered the biggest one-day decline on record on Thursday as investors scrambled to adjust positions after a surprise move by U.S. President Donald Trump to exclude widely traded refined metal from 50% import tariffs.

Benchmark three-month copper CMCU3 on the London Metal Exchange dropped 0.9% to $9,608 a ton.

For a full report, click on MET/L

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OIL - Oil prices declined on Thursday as investors considered the extension of an existing trade deal between the U.S. and Mexico, while a surprise build in U.S. crude stocks on Wednesday also dragged down prices.

Brent crude futures for September LCOc1, set to expire on Thursday, declined by 74 cents, or 1.01%, to $72.50 a barrel by 1:31 p.m. EDT (1731 GMT).

For a full report, click on O/R

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PALM OIL - Malaysian palm oil futures snapped two straight sessions of gains on Thursday, asweak rival edible oils weighed on prices, while concerns over rising production and sluggish export demand added further pressure.

The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 48 ringgit, or 1.12%, to 4,230 ringgit ($992.96) a metric ton at the close.

For a full report, click on POI/

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RUBBER - Japanese rubber futures fell across all exchanges on Thursday as traders booked profits after last week's rally, while fresh U.S. tariffs on South Korean autos and weak manufacturing data weighed.

The Osaka Exchange (OSE) rubber contract for January delivery JRUc6, 0#2JRU: was down 7.2 yen, or 2.23%, at 315.5 yen ($2.12) per kg.

For a full report, click on RUB/T

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(Bengaluru Bureau; +91 80 6749 1130)