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CORRECTED-Asia Morning Call-Global markets

Published 11/07/2017, 06:40 am
© Reuters.  CORRECTED-Asia Morning Call-Global markets
US500
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JP225
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MSFT
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AAPL
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AMZN
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NVDA
-
MDT
-
JNJ
-
HG
-
LCO
-
CL
-
META
-
KS11
-
SSEC
-
STOXX
-
STX50EEX
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FTEU3
-
CSI300
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MIWD00000PUS
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STOXXE
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TIOc1
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SPXHC
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SPLRCT
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(Corrects JP 10 YR Bond and NZX 50 figures)

July 11 (Reuters) - Stock Markets

Value

Net Chng

Value

Net Chng S&P/ASX 200**

5,724.436

20.869

NZX 50**

7583.95

-38.18 DJIA

21,429.92

15.58

NIKKEI**

20,080.98

151.89 Nasdaq

6,185.005

31.926

FTSE**

7,370.03

19.11 S&P 500

2,431.03

5.85

Hang Seng**

25,500.06

159.21 SPI 200 Fut

5,683

6

STI**

3,246.35

17.34 SSEC

3,211.8515

-6.1052

KOSPI**

2,382.1

2.23 Bonds

JP 10 YR Bond

0.092

-0.002

2.282

-0.035

2.773

-0.008

2.373

-0.02

3.06

0.01

2.9265

-0.008 Currencies

1.3844

0.0028

1,148.44

-4.3 AUD US$

0.7604

-0.0001

NZD US$

0.7274

-0.0006 EUR US$

1.1399

-0.0001

Yen US$

114.04

0.16

34.12

0.02

50.797

0.238 IDR US$

13396

-6

64.45

-0.15 MYR US$

4.295

-0.002

30.514

-0.032

6.8026

-0.0013

HKD US$

7.812

0.0004 Commodities

Spot Gold

1,214.0601

1.2601

Silver (Lon)

15.672

0.092 U.S. Gold Fut

1,213.4

3.7

Brent Crude

46.96

0.25 Iron Ore

487

7.5

TRJCRB Index

172.7422

0.1825 TOCOM Rubber

195.3

-1.2

LME Copper

5,801.75

-26.25 ** Indicates closing price

All prices as of 19:40 GMT

EQUITIES

GLOBAL - The dollar climbed to a two-month high against the yen on Monday and global equity markets rallied, lifted by robust economic data from Germany and renewed interest in U.S. technology stocks spurred by an Amazon (NASDAQ:AMZN) Prime online sale event.

Stock markets advanced around the world as well. The pan-European FTSEurofirst 300 index of leading regional shares .FTEU3 rose 0.46 percent, while MSCI's gauge of global stocks .MIWD00000PUS gained 0.29 percent.

For a full report, click on MKTS/GLOB

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NEW YORK - U.S. stocks were up on Monday as gains in technology stocks helped outweigh losses in healthcare.

Six of the 11 major S&P sectors were higher, with technology index's .SPLRCT 0.69 percent gain boosting the broader index. Facebook FB.O , Microsoft MSFT.O , Apple AAPL.O and Nvidia NVDA.O propped up the S&P 500 index.

The healthcare index .SPXHC was down 0.08 percent, weighed down by Johnson & Johnson (NYSE:JNJ) JNJ.N and Medtronic (NYSE:MDT) MDT.N .

For a full report, click on .N

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LONDON - European stocks closed higher on Monday, underpinned by financials and basic resources, as mergers and acquisitions rumbled on with some broker notes also prompting individual stock moves.

The pan-European STOXX 600 .STOXX was up 0.4 percent at its close, rising in concert with euro zone stocks .STOXXE and blue-chips .STOXX50E .

For a full report, click on .EU

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TOKYO - Japanese stocks rose to more than one-week highs on Monday after Wall Street gained on Friday, while the dollar strengthened against the yen on the heels of U.S. jobs data that gave investors more confidence in the strength of the U.S. economy.

The Nikkei .N225 gained 0.8 percent to 20,080.98, the highest closing level since June 29.

For a full report, click on .T

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SHANGHAI - China's main stock indexes were little changed on Monday, as investors awaited fresh catalysts ahead of a burst of data due over the next week.

The blue-chip CSI300 index .CSI300 fell 0.1 percent, to 3,653.69 points, while the Shanghai Composite Index .SSEC slipped 0.2 percent to 3,212.63 points.

For a full report, click on .SS

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AUSTRALIA - Australian shares snapped a three-day losing streak on Monday, pushed up by financial and consumer stocks, as optimism spread from Wall Street on better-than-expected U.S. jobs data.

The benchmark Australian index .AXJO finished up 0.4 percent, or 20.83 points, at 5,724.4.

For a full report, click on .AX

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SEOUL - South Korean shares slumped on Friday as offshore investors sold local equities to lock in profits after recent gains, and ended the week with losses.

The Korea Composite Stock Price Index (KOSPI) .KS11 closed down 0.3 percent at 2,379.87 points. The index lost 0.5 percent this week.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The dollar climbed to a two-month high against the yen on Monday as the Bank of Japan's offer last week to buy an unlimited amount of bonds, and an unexpected drop in Japanese May machinery orders, pressured the Japanese currency.

BOJ Governor Haruhiko Kuroda on Monday reiterated the central bank's pledge to keep Japanese government bond yields anchored near zero.

The yen was also pressured after Japan's core machinery orders unexpectedly tumbled in May on persistent weakness in the services sector.

For a full report, click on USD/

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SHANGHAI - China's yuan on Monday firmed against the U.S. dollar relative to where the Chinese currency ended Friday night, even though the greenback has strengthened since better-than-expected June U.S. jobs data.

Traders noted that the midday level, while stronger than the late Friday close, was weaker than where the yuan was at the 4.30 pm official close of trading on Friday.

China June inflation data, released on Monday, had no impact on the thinly traded yuan, they said.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars got nowhere against their U.S. counterpart on Monday, but gained on a weakening Japanese yen as the outlook for interest rates globally continued to diverge.

The Australian dollar AUD=D4 was stuck at $0.7610, well off the recent high of $0.7712. It got as low as $0.7573 on Friday when an upbeat report on U.S. jobs added to the case for a further rise in rates there and pushed up Treasury yields.

There is also much speculation the Bank of Canada could tighten this week for the first time in almost seven years.

For a full report, click on AUD/

- - - -

SOUTH KOREA - The South Korean won KRW= ended higher on Monday as traders focussed more on sluggish U.S. June wage growth, seeing low inflation and a weaker dollar, than on the higher-than-expected number of new jobs.

The won KRW=KFTC was quoted at 1,149.5 to the dollar at the conclusion of onshore trade, up 0.4 percent versus Friday's close of 1,154.3.

For a full report, click on KRW/

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TREASURIES

NEW YORK - U.S. Treasury yields slipped on Monday after rising for more than a week, in line with weakness in European markets, as investors consolidated positions following a strong U.S. non-farm payrolls report that kept the Federal Reserve on track to raise interest rates at least once more this year.

U.S. long-dated yields, which move inversely to prices, fell for just the second time in nine days.

For a full report, click on US/

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LONDON - Euro zone bond yields came off multi-month highs on Monday as investors dipped their toes back into the market after the brutal sell-off of the last two weeks.

Investors dumped government bonds over the past two weeks on the belief that the European Central Bank (ECB) would unwind extraordinary stimulus sooner rather than later.

For a full report, click on GVD/EUR

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JAPAN - Japanese government bonds came under renewed pressure on Monday, with the five-year yield hitting its highest level in nearly 1-1/2-years, stoking speculation the Bank of Japan could yet again be drawn into the market to curb rises in short-term debt yields.

Investors are nervous that rising global bond yields could ripple across the entire JGB market, pitting the BOJ against market forces it has little control over even as the central bank showed its determination last week to defend its commitment to keep the 10-year yield around zero percent.

For a full report, click on JP/

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COMMODITIES

GOLD

LONDON - Gold prices fell for a third day on Monday to their lowest since mid-March after strong economic data in the United States and Germany bolstered expectations that central banks will raise interest rates.

Gold is highly sensitive to rising rates because they push up bond yields, increasing the opportunity cost of holding non-yielding bullion. They also tend to boost the dollar, in which gold is priced.

- - - -

IRON ORE

China's iron ore futures rose on Friday for the first time in four days, supported by the first monthly decline in iron ore export from Australia since February which raised supply concerns even as Chinese stockpiles remain ample.

The most-traded iron ore on the Dalian Commodity Exchange DCIOcv1 gained 3.3 percent on Friday, closing at 484 yuan ($71.18) a tonne.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper slipped to the lowest in two weeks on Monday as rising inventories indicated healthy supplies, outweighing worries about possible strikes at mines in Chile.

Also pressuring the metals market was subdued inflation data in top market China as the economy loses momentum.

For a full report, click on MET/L

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OIL

Oil prices rose modestly on Monday, but rising drilling activity in the United States and uncertainty over Libyan and Nigerian production cuts clouded the future supply outlook.

U.S. crude futures CLc1 were up 0.7 percent at $44.51 a barrel at 12:36 p.m. (1636 GMT), while Brent crude futures LCOc1 rose 0.6 percent to $47 a barrel.

For a full report, click on O/R

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PALM OIL

Malaysian palm oil futures hit their highest in six weeks on Monday, aided by rival oilseed soy's gains on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.

The benchmark palm oil contract for September delivery 1FCPOc3 on the Bursa Malaysia Derivatives Exchange closed 1.5 percent higher at 2,593 ringgit ($604) a tonne, its strongest daily gain in a week.

For a full report, click on POI/

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RUBBER

Benchmark Tokyo rubber futures edged down on Monday as investors unwound long positions following a plunge in oil prices last Friday and on weaker Shanghai futures, dealers said.

The Japanese yen weakened against its main rivals, lurking below a four-month low against the dollar, as investors looked to add bets playing into the divergence between rising Western government bond yields and a dovish Bank of Japan.

For a full report, click on RUB/T

(Bengaluru bureau)

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