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UPDATE 1-Asia Morning Call-Global Markets

Published 05/06/2018, 07:23 am
Updated 05/06/2018, 07:30 am
© Reuters.  UPDATE 1-Asia Morning Call-Global Markets
AUD/USD
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XAU/USD
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US500
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AXJO
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DE40
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JP225
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MSFT
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BHP
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AAPL
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AMZN
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BHPB
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DX
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GC
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HG
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LCO
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CL
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KS11
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SSEC
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STOXX
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CSI300
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DXY
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TIOc1
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SPLRCT
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June 5 (Reuters) - Stock Markets

Net Chng

Stock Markets

Net Chng S&P/ASX 200** 6,025.50

35.10

NZX 50**

8,636.16

-22.63 DJIA**

24,813.69

178.48

NIKKEI**

22,475.94

304.59 Nasdaq**

7,606.460

52.128

FTSE**

7,741.29

39.52 S&P 500**

2,746.97

12.25

Hang Seng**

30,997.98

505.07 SPI 200 Fut

6,003

-23.00

STI**

3,467.48

39.97 SSEC**

3,091.1909

16.05

KOSPI**

2447.76

8.80 -------------------------------------------------------------------------------------- -- Bonds

Net Chng

Bonds

Net Chng JP 10 YR Bond 0.048

-0.001

KR 10 YR Bond

2.733

0.03 AU 10 YR Bond 2.741

0.003

US 10 YR Bond

2.9442

0.049 NZ 10 YR Bond 2.825

0.055

US 30 YR Bond

3.0848

0.038 -------------------------------------------------------------------------------------- --

Currencies

Net Chng

Net Chng SGD US$

1.3366

-0.0021

KRW US$

1,069.77

0.44 AUD US$

0.76485

0.00795

NZD US$

0.7025

-0.0002 EUR US$

1.1703

0.0005

Yen US$

109.79

-0.01 THB US$

31.99

0

PHP US$

52.539

0.002 IDR US$

13,867

-23

INR US$

67.06

0.07 MYR US$

3.97

-0.007

TWD US$

29.82

-0.044 CNY US$

6.4027

-0.013

HKD US$

7.8453

0.0001 -------------------------------------------------------------------------------------- --

Commodities

Net Chng

Net Chng Spot Gold

1,291.58

-1.16

Silver (Lon)

16.364

0.012 U.S. Gold Fut 1,295.9

-3.4

Brent Crude

75.5

-1.29 Iron Ore

CNY462.5

4

TRJCRB Index

-

- TOCOM Rubber

JPY189.2

-1.2

LME Copper

6,986.5

90.5 --------------------------------------------------------------------------------------- --

** indicates closing price

All prices as of 21:13 GMT

EQUITIES

GLOBAL - World stock indexes and Treasury yields climbed on Monday, while the dollar fell to a two-week low as political tensions in Europe eased.

Italy's anti-establishment parties formed a coalition government on Friday to end three months of political deadlock.

For a full report, click on MKTS/GLOB

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NEW YORK - Wall Street's three major indexes rose on Monday, led by a rally in tech stocks, pushing the Nasdaq to a record closing high as investors bet on a continuation of strong economic growth, while falling oil prices weighed on the energy sector.

Apple AAPL.O shares rose to their highest ever due to investor bets on its annual developers conference and Microsoft MSFT.O impressed with an acquisition, pushing the S&P 500 technology index .SPLRCT to a record high, while Amazon.com AMZN.O led consumer stocks higher.

For a full report, click on .N

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LONDON - European shares extended a recovery on Monday as dealmaking took centre stage after a week of political tension in Italy and Spain as well as friction between the United States and its allies over trade policies.

Investors' concerns over trade were overshadowed by very strong U.S. jobs data on Friday, which helped Wall Street to rise for a second day on Monday. Europe's STOXX 600 .STOXX gained 0.3 percent and Germany's DAX .GDAXI 0.4 percent.

For a full report, click on .EU

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TOKYO - Japan's Nikkei share average rose to a one-week high on Monday, tracking Friday's Wall Street's gains after May jobs data pointed to strength in the U.S. economy, while a weaker yen lifted shares of Japanese exporters.

The Nikkei .N225 ended up 1.37 percent at 22,475.94 after going as high as 21,515.72, its highest since May 28.

For a full report, click on .T

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SHANGHAI - China stocks ended higher on Monday, aided by a rebound in consumer and real estate shares.

The blue-chip CSI300 index .CSI300 rose 1.0 percent to 3,807.58, while the Shanghai Composite Index .SSEC rose 0.5 percent to 3,091.19.

For a full report, click on .SS

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AUSTRALIA - Australia shares are expected to lose steam on Tuesday, with oil prices and iron-ore shedding about 2 percent each, bearing threat to energy and material stocks.

The local share price index futures YAPcm1 fell 0.4 percent, a 22.5-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark climbed 0.6 percent on Monday.

For a full report, click on .AX

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SEOUL - South Korea's KOSPI stock index .KS11 rose along with Asian peers on Monday after strong U.S. jobs report bolstered optimism in the world's largest economy and offset worries that tariff wars between the United States and the rest of the world could retard global economic growth.

As of 0632 GMT, the KOSPI was up 8.80 points or 0.36 percent at 2,447.76.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The dollar dropped to a two-week low on Monday, as easing political tensions in Italy lifted the euro and global trade concerns resurfaced after China warned the United States against tariffs and other protectionist measures.

In late trading, the dollar index fell 0.2 percent to 94.046 .DXY , hitting a two-week trough of 93.664.

For a full report, click on USD/

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CHINA - China's yuan eased against the dollar on Monday, dragged lower by a weaker official yuan midpoint and rising corporate dollar demand which consolidated following Friday's solid U.S. job data.

Prior to the market opening, the People's Bank of China set the yuan midpoint CNY=PBOC at 6.4208 per dollar, 130 pips or 0.2 percent weaker than the previous fix of 6.4078 last Friday.

For a full report, click on CNY/

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AUSTRALIA - The Australian dollar sprung to a six-week top on Monday after surprisingly robust first-quarter data pointed to stronger than expected economic growth.

The Australian dollar AUD=D4 climbed to $0.7615, a level not seen since April 24. The Aussie faces stiff chart resistance around $0.7600. If it is able to sustain the move above current levels the next stop is seen at $0.7655.

For a full report, click on AUD/

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SEOUL - South Korea's won =KRW rose along with Asian peers on Monday after strong U.S. jobs report bolstered optimism in the world's largest economy and offset worries that tariff wars between the United States and the rest of the world could retard global economic growth.

The won was quoted at 1,071.9 per dollar on the onshore settlement platform KRW=KFTC, 0.29 percent firmer than its previous close at 1,075.

For a full report, click on KRW/

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TREASURIES

NEW YORK - U.S. Treasury yields rose on Monday with the 10-year yield hitting one-week highs as investors pared safe-haven holdings of lower-risk government debt due to fading fears about political turmoil in Italy and Spain.

A robust U.S. payrolls report in May renewed an upbeat outlook for faster domestic growth and inflation, rekindling expectations the Federal Reserve may consider raising rates three more times in 2018, analysts said.

For a full report, click on US/

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LONDON - A rally in southern European bond markets gathered pace on Monday as investors took comfort from the creation of a government in Rome that ended months of political turmoil and a relatively smooth handover of power in Spain.

The gap between 10-year Italian and German government bond yields - a closely watched indicator of relative risks - narrowed to 211 basis points.

For a full report, click on GVD/EUR

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TOKYO - Japanese government bond prices dipped across the board on Monday, as equities rose to one-week highs and dented investor demand for safe-haven debt.

The five-year yield JP5YTN=JBTC and the 10-year yield JP10YTN=JBTC were each half a basis point higher at minus 0.110 percent and 0.045 percent, respectively.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices were barely changed on Monday, supported by a wilting dollar as Italian political risk receded, though the prospect of another rise in U.S. interest rates capped gains.

Spot gold XAU= was flat at $1,292.90 per ounce by 1:34 p.m. EDT (1734 GMT), while U.S. gold futures GCcv1 for August delivery settled down $2, or 0.2 percent, at $1,297.30.

For a full report, click on GOL/

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IRON ORE

Chinese iron ore futures dropped nearly 2 percent on Monday as steel prices retreated and stockpiles of the steelmaking raw material at China's ports surged to record levels.

Iron ore stocked at China's major ports reached 161.98 million tonnes on Friday, up 1.4 million tonnes from the previous week, data tracked by SteelHome consultancy showed. The inventories have risen 9 percent this year.

For a full report, click on IRONORE/

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BASE METALS

Copper prices rose on Monday, helped by a weaker dollar and the potential for supply problems as wage talks began at the world's largest copper mine.

The union at BHP's BLT.L , BHP.AX Escondida mine in Chile said on Friday that it had begun negotiations with a proposal that includes a bonus of about $34,000 per worker.

For a full report, click on MET/L

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OIL

Oil prices fell about 2 percent on Monday, with U.S. crude touching its lowest level in nearly two months, breaking below technical support levels as investors kept selling amid growing U.S. production, possible global supply growth and nagging trade tensions.

Brent crude futures LCOc1 lost $1.50 a barrel, or 2 percent, to settle at $75.29 a barrel. U.S. crude CLc1 ended $1.06, or 1.6 percent, lower at $64.75 a barrel, after earlier touching $64.57, its lowest since April 10.

For a full report, click on O/R

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PALM OIL

Malaysian palm oil futures fell more than 1 percent on Monday as traders were expecting build up in stockpiles due to sluggish export demand.

The palm oil contract for August delivery 1FCPOc3 on the Bursa Malaysia Derivatives Exchange was down 1.31 percent at 2,407 ringgit ($606.30) a tonne by the close.

For a full report, click on POI/

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RUBBER

Benchmark Tokyo rubber futures rose on Monday, helped by a weaker yen against the U.S. dollar and a rally in the Tokyo stock market as strong U.S. jobs data offset fears that trade wars between the United States and the rest of the world could slow global economy.

Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, rebounded from a two-week low hit on Friday.

For a full report, click on RUB/T

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

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