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UPDATE 1-Asia Morning Call-Global Markets

Published 07/03/2018, 08:18 am
Updated 07/03/2018, 08:20 am
© Reuters.  UPDATE 1-Asia Morning Call-Global Markets
AUD/USD
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NZD/USD
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XAU/USD
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US500
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DJI
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AXJO
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IT40
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JP225
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USD/CNY
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GC
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HG
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LCO
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CL
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IXIC
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DE10YT=RR
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US10YT=X
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KS11
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SSEC
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STOXX
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FTEU3
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MIWD00000PUS
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DXY
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TIOc1
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March 7 (Reuters) - Stock Markets

Net Chng

Stock Markets

Net Chng S&P/ASX 200** 5,962.4

67.4

NZX 50**

8,321.8

-5.86 DJIA**

24,884.12

9.36

NIKKEI**

21,417.76

375.67 Nasdaq**

7,372.007

41.302

FTSE**

7,146.75

30.77 S&P 500**

2,728.12

7.18

Hang Seng**

30,510.73

624.34 SPI 200 Fut

5,957

3.00

STI**

3,491.92

53.31 SSEC**

3,290.1747

33.25

KOSPI**

2,411.41

36.35 ---------------------------------------------------------------------------------------- Bonds

Net Chng

Bonds

Net Chng JP 10 YR Bond 0.052

-0.002

KR 10 YR Bond

2.759

0.022 AU 10 YR Bond 2.823

0

US 10 YR Bond

2.8826

0.004 NZ 10 YR Bond 3.04

0

US 30 YR Bond

3.1489

-0.002 ----------------------------------------------------------------------------------------

Currencies

Net Chng

Net Chng SGD US$

1.3162

-0.0024

KRW US$

1,062.5

-14.17 AUD US$

0.7819

0.0056

NZD US$

0.729

0.0066 EUR US$

1.2403

0.0068

Yen US$

106.17

-0.03 THB US$

31.29

-0.11

PHP US$

51.917

0.002 IDR US$

13,770

10

INR US$

64.9

-0.12 MYR US$

3.902

-0.003

TWD US$

29.287

-0.005 CNY US$

6.31

-0.0398

HKD US$

7.8335

0.0014 ----------------------------------------------------------------------------------------

Commodities

Net Chng

Net Chng Spot Gold

1,334.02

14.07

Silver (Lon)

16.739

0.308 U.S. Gold Fut 1,335.3

15.4

Brent Crude

65.69

0.15 Iron Ore

CNY524.5

4.5

TRJCRB Index

-

- TOCOM Rubber

JPY191.8

-2.2

LME Copper

6,992.5

82.5 -----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 2101 GMT

EQUITIES

GLOBAL - The U.S. dollar dropped to a two-week low on Tuesday as traders bet onriskier currencies on news North and South Korea would hold their first summit in morethan a decade and after the South said the North was willing to discussdenuclearization with the United States.

The pan-European FTSEurofirst 300 index .FTEU3 rose 0.17 percent and MSCI's gaugeof stocks across the globe .MIWD00000PUS gained 0.51 percent.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - U.S. stocks rose on Tuesday in a choppy session as investors watchedanxiously for signs U.S. President Donald Trump would scrap proposed tariffs to avoid atrade war.

At 2:50 p.m. ET, the Dow Jones Industrial Average .DJI rose 53.66 points, or 0.22percent, to 24,928.42, the S&P 500 .SPX gained 9.28 points, or 0.34 percent, to2,730.22 and the Nasdaq Composite .IXIC added 41.51 points, or 0.57 percent, to7,372.21.

For a full report, click on .N

- - - -

LONDON - European shares bounced off six-month lows on Tuesday as the focus shiftedfrom politics to dealmaking and earnings, with paper and packaging stocks soaring afterSmurfit Kappa rejected a bid approach.

The pan-European STOXX 600 .STOXX index ended up 0.1 percent, coming off earlierhighs following a late drop on Wall Street, while Italy's benchmark .FTMIB recoupedall of its losses from the previous session, up 1.8 percent, as concerns over politicaluncertainty following an inconclusive election result eased.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average rose on Tuesday to snap a four-day losing runafter Wall Street shares rallied overnight, with the dollar's bounce lifting exportershares.

The Nikkei .N225 ended the day up 1.79 percent at 21,417.76.

For a full report, click on .T

- - - -

SHANGHAI - China stocks rebounded on Tuesday, aided by robust gains in shares ofreal estate and healthcare firms, as worries of an imminent trade war eased.

At the close, the Shanghai Composite index .SSEC was up 1 percent at 3,289.64.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares are set to trade flat on Wednesday, ahead of data onthe country's gross domestic product for the fourth quarter, due later in the day.

The local share price index futures YAPcm1 inched up 0.1 percent, or 3 points, to5,957, a 5.4-point discount to the underlying S&P/ASX 200 index .AXJO close. Thebenchmark closed up over 1 percent on Tuesday.

For a full report, click on .AX

- - - -

SEOUL - South Korea's KOSPI stock index .KS11 rebounded on Tuesday after afour-day decline as trade worries eased over U.S. President Donald Trump's plan toimpose heavy tariffs on steel products and automobiles.

At 0630 GMT, the KOSPI was up 36.35 points or 1.53 percent at 2,411.41.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar fell to a one-week low on Tuesday against a basket ofcurrencies as traders piled back into riskier currencies after an agreement betweenNorth and South Korea to hold direct talks.

The dollar fell 0.458 points or 0.51 percent, against a group of currencies .DXY to 89.622.

For a full report, click on USD/

- - - -

CHINA - China's yuan edged up against the U.S. dollar on Tuesday, supported by aslightly firmer official midpoint, but gains were capped on rising corporate demand forthe greenback.

In the spot market, the onshore yuan CNY=CFXS opened at 6.3352 per dollar and waschanging hands at 6.3404 at midday, 15 pips firmer than the previous late session closebut 0.03 percent weaker than the midpoint.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars edged up on Tuesday as investorswagered that U.S. President Donald Trump's threatened tariffs might not prove asdisruptive as first feared, reviving the appetite for risk.

The Aussie dollar AUD=D4 crept up 0.2 percent to $0.7780, off last week'stwo-month trough at $0.7713, supported by a bounce in Asian share markets as Trumpfaced growing pressure from political and nation-state allies to pull back fromproposed steel and aluminium tariffs.

The kiwi dollar NZD=D4 firmed 0.15 percent to $0.7235, slowly edging away fromits recent low at $0.7186.

For a full report, click on AUD/

- - - -

SEOUL - The Korean won and bond yields rose.

The won was quoted at 1,076.1 per dollar on the onshore settlement platform KRW=KFTC , 0.55 percent firmer than its previous close at 1,082.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields were little changed on Tuesday in choppy trading asoptimism grew that U.S. President Donald Trump may back down from proposed steel andaluminum tariffs that have prompted concerns about a global trade war.

Benchmark 10-year note yields US10YT=RR were last at 2.879 percent, unchanged onthe day.

For a full report, click on US/

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LONDON - German bond yields rose sharply on Tuesday and were set for their worstday in a month as fears of a global trade war ebbed, lifting risk appetite and takingthe shine off safe-haven assets before this week's European Central Bank meeting.

Germany's 10-year bond yield climbed over 6 basis points to 0.70 percent DE10YT=RR at one stage, before settling at 0.67 percent. It was still up 7.5 bps fromaround five-week lows hit on Monday following Italy's election.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japanese government bond prices slipped on Tuesday as Tokyo stocks surgedamid an easing of trade war fears and reduced demand for safe-haven debt.

The 10-year JGB yield JP10YTN=JBTC rose half a basis point to 0.045 percent andthe 20-year yield JP20YTN=JBTC also rose half a basis point, to 0.535 percent.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices rose more than 1 percent on Tuesday as the U.S. dollar slid after NorthKorea signaled that it is open to nuclear talks and investors worried about aggressiveU.S. trade policy.

Spot gold XAU= gained 1.1 percent at $1,334.79 per ounce by 1:33 p.m. EST (1833GMT), while U.S. gold futures GCcv1 for April delivery settled up $15.30, or 1.2percent, at $1,335.20.

For a full report, click on GOL/

- - - -

IRON ORE

Shanghai steel futures fell for a third session in a row on Tuesday, hitting aone-week low amid tepid Chinese demand and dragging down prices of raw material ironore to their weakest in a month.

he most-traded May iron ore on the Dalian Commodity Exchange DCIOcv1 fell as faras 516.50 yuan a tonne, its lowest since Feb. 6, before closing down 1.7 percent at520.50 yuan. Coking coal DJMcv1 and coke DCJcv1 also dropped.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper prices rose by the most in almost a month on Tuesday, helped by a weakerdollar and expectations of strong demand in China, while zinc touched its lowest sinceDecember after an increase in stocks calmed fears about availability.

Benchmark copper on the London Metal Exchange CMCU3 closed 1.4 percent higher at$7,004 a tonne, up from a three-week low on Monday and on track for the biggest gainsince Feb. 14.

For a full report, click on MET/L

- - - -

OIL

Oil prices rose on Tuesday, supported by a weaker dollar but U.S. crude's gainswere limited by forecasts for a weekly rise in U.S. crude stockpiles.

Brent crude LCOc1 futures rose 24 cents to $65.78 a barrel, a 0.4 percent gain,by 1:13 p.m. EST (1813 GMT).

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures rose on Tuesday after three days of losses, buoyed bybullish forecasts from a leading analyst at an industry conference in Kuala Lumpur.

The benchmark palm oil contract for May delivery 1FCPOc3 on the Bursa MalaysiaDerivatives Exchange closed up 0.6 percent at 2,478 ringgit ($635) a tonne.

For a full report, click on POI/

- - - -

RUBBER

Benchmark Tokyo rubber futures erased early falls to close little changed onTuesday as a weaker yen offset losses in Shanghai futures, brokers said.

The Tokyo Commodity Exchange rubber contract for August delivery JRUc6 , 0#2JRU: finished 0.1 yen higher at 194 yen ($1.83) per kg.

For a full report, click on RUB/T

- - - - (Bengaluru Bureau; +91 80 6749 1130)

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