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UPDATE 1-Asia Morning Call-Global Markets

Published 27/06/2018, 07:17 am
© Reuters.  UPDATE 1-Asia Morning Call-Global Markets
AUD/USD
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XAU/USD
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AXJO
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JP225
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USD/CNY
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GE
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GC
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HG
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LCO
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IXIC
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US10YT=X
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PT10YT=RR
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ES10YT=RR
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KS11
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SSEC
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STOXX
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FTEU3
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CSI300
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MIWD00000PUS
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DXY
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TIOc1
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June 27 (Reuters) - Stock Markets

Net Chng

Stock Markets

Net Chng S&P/ASX 200** 6,197.6

-12.8

NZX 50**

8,989.8

-6.44 DJIA**

24,283.11

30.31

NIKKEI**

22,342

3.85 Nasdaq**

7,561.627

29.621

FTSE**

7,537.92

28.08 S&P 500**

2,723.06

5.99

Hang Seng**

28,881.4

-79.99 SPI 200 Fut

6,136

-16.00

STI**

3,280.87

20.03 SSEC**

2,844.6575

-14.68

KOSPI**

2,350.92

-6.96 -------------------------------------------------------------------------------------- -- Bonds

Net Chng

Bonds

Net Chng JP 10 YR Bond 0.034

0

KR 10 YR Bond

2.62

0.012 AU 10 YR Bond 2.64

-0.004

US 10 YR Bond

2.8766

0.002 NZ 10 YR Bond 2.923

-0.002

US 30 YR Bond

3.0243

0 -------------------------------------------------------------------------------------- --

Currencies

Net Chng

Net Chng SGD US$

1.3628

0.0008

KRW US$

1,117.55

0.04 AUD US$

0.7390

-0.0003

NZD US$

0.6855

-0.0007 EUR US$

1.1644

-0.0001

Yen US$

110.04

-0.01 THB US$

33.01

0

PHP US$

53.639

0.164 IDR US$

14,173

23

INR US$

68.36

0.25 MYR US$

4.021

0.005

TWD US$

30.412

0.009 CNY US$

6.5797

0.0399

HKD US$

7.8491

0.0003 -------------------------------------------------------------------------------------- --

Commodities

Net Chng

Net Chng Spot Gold

1,258.64

-6.36

Silver (Lon)

16.25

-0.054 U.S. Gold Fut 1,260.8

-8.1

Brent Crude

76.68

1.95 Iron Ore

CNY465.5

3

TRJCRB Index

/

/ TOCOM Rubber

JPY174.3

1.8

LME Copper

6,727

-28 --------------------------------------------------------------------------------------- --

** indicates closing price

All prices as of 21:06 GMT

EQUITIES

GLOBAL - Rising shares of U.S. technology companies and General Electric (NYSE:GE) Co helped global stock markets regain ground on Tuesday, a day after a mounting trade fight pummeled equities, while oil surged as Washington pushed its allies to halt Iranian crude imports.

A basket of European stocks also got a reprieve. The pan-European FTSEurofirst 300 index .FTEU3 rose 0.09 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.18 percent, after Asia had extended a sell-off that has wiped $1.5 trillion off world stocks.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - U.S. stocks rose on Tuesday as gains in technology, consumer discretionary stocks and General Electric GE.N helped Wall Street recover from a sharp sell-off a day earlier on spiraling global trade tensions.

At 12:57 p.m. ET the Dow Jones Industrial Average .DJI was up 81.61 points, or 0.34 percent, at 24,334.41, the S&P 500 .SPX was up 10.83 points, or 0.40 percent, at 2,727.90 and the Nasdaq Composite .IXIC was up 46.43 points, or 0.62 percent, at 7,578.44.

For a full report, click on .N

- - - -

LONDON - It was a choppy session for European shares on Tuesday, which initially saw a modest bounce after trade tensions triggered losses the previous day, but ran out of steam to close flat.

The pan-European STOXX 600 .STOXX was unchanged in percentage terms and remained at its lowest level since mid-April following Monday's 2 percent slide.

For a full report, click on .EU

- - - -

TOKYO - Japanese shares recovered after slumping to 3-1/2-week lows on Tuesday, as recently battered stocks rose on short-covering, despite worries about global trade tensions.

The Nikkei .N225 clawed its way back to end flat at 22,342.00, after falling 1 percent in early trade to 22,104.12, the lowest level since June 1.

For a full report, click on .T

- - - -

SHANGHAI - China joined the global sell-off of equities on Tuesday, with its share markets falling as escalating trade friction between the United States and other major economies steered investors away from riskier assets.

The blue-chip CSI300 index .CSI300 fell 0.8 percent to 3,531.11 points, while the Shanghai Composite Index .SSEC slid 0.5 percent to 2,844.51 points.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares are expected to extend falls and open lower on Wednesday following a continued slump in material stocks over low metal and iron ore prices

Copper and aluminium were at or near their lowest since April while zinc plunged to its weakest since August last year. local share price index futures YAPcm1 fell 0.26 percent or 16 points to 6136, a 61.6-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.2 percent on Tuesday.

For a full report, click on .AX

- - - -

SEOUL - South Korea's KOSPI stock index .KS11 weakened on Tuesday as concerns over a tariff warbetween the U.S. and other major economies deterred investors from taking risks.

At 06:32 GMT, the KOSPI was down 6.96 points or 0.30 percent at 2,350.92

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar rose slightly against a basket of currencies on Tuesday, snapping a four-day losing streak as traders worried about mounting global trade tensions unwound bets on high-yielding currencies like the Australian and Canadian dollars, whose economies are heavily trade dependent.

The dollar index .DXY , which measures the greenback against a basket of six currencies, was up 0.37 percent at 94.628. The index slipped 0.9 percent over the last four sessions.

For a full report, click on USD/

- - - -

CHINA - China's yuan closed at an over six-month low in onshore trade on Tuesday due to growing concerns over an escalating tariff war between the United States and China, as well as other major economies.

The spot yuan CNY=CFXS opened at 6.5315 per dollar, and struck a low of 6.5630 before ending at 6.5560, its weakest close since Dec. 22.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars flatlined on Tuesday as White House officials sowed confusion about their trade intentions toward China, leaving the market in a holding pattern for now.

The Aussie AUD=D4 was steady at $0.7411, after drawing bids around $0.7397 overnight. It had retreated from a top of $0.7443 on Tuesday on a report the Trump administration planned to restrict Chinese investment in U.S. technology.

For a full report, click on AUD/

- - - -

SEOUL - The Korean won closed recovering from the loss in its previous close, and bond yields inched upl.

The won was quoted at 1,114.8 per dollar on the onshore settlement platform KRW=KFTC , 0.22 percent firmer than its previous close at 1,117.2, recovering from the lowest finish since November.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields held at lower levels on Tuesday as concerns lingered that trade wars could harm economic growth, though safety buying was capped by expectations that the Federal Reserve will continue to raise interest rates.

Benchmark 10-year notes US10YT=RR fell 2/32 in price on the day to yield 2.880 percent, up from 2.875 percent late on Monday.

For a full report, click on US/

- - - -

LONDON - Southern European bond yields rose on Tuesday as Spain prepared to sell 7 billion euros of 10-year debt in a test case of the market's ability to withstand political uncertainty in the European Union.

Selling in euro zone government bond markets was concentrated in Italy, with 10-year yields up 7 basis points on the day at 2.92 percent. Spanish and Portuguese equivalents were up 4 bps each. PT10YT=RR , ES10YT=RR

For a full report, click on GVD/EUR

- - - -

TOKYO - Japanese government bond prices eased on Tuesday after an auction of one trillion yen 20-year bonds attracted tepid demand, producing one of the weakest results.

The 20-year JGB yield JP20YTN=JBTC rose 0.5 basis point to 0.505 percent.

For a full report, click on JP/

COMMODITIES

GOLD

Gold hit its lowest in over six months on Tuesday as a selloff in global risk assets eased and the precious metal remained under pressure from the prospect that rising U.S. interest rates will further support the dollar.

Spot gold XAU= dropped 0.6 percent at $1,257.53 per ounce by 1:34 p.m. EDT (1734 GMT), having hit its weakest since mid-December at $1,254.16.

For a full report, click on GOL/

- - - -

IRON ORE

Shanghai rebar steel futures fell to their lowest in nearly four weeks on Tuesday, with risk appetite weakened by escalating trade tensions between the United States and its trading partners.

The most actively traded October rebar on the Shanghai Futures Exchange SRBcv1 closed down 1.8 percent at 3,675 yuan ($561) a tonne. The construction steel product earlier touched 3,663 yuan, its weakest since May 31.

For a full report, click on IRONORE/

- - - -

BASE METALS

Most industrial metals prices fell further on Tuesday as investors grew increasingly nervous that a trade conflict between the United States and China could escalate, potentially damaging economic growth and metals demand.

Benchmark copper on the London Metal Exchange CMCU3 ended down 0.6 percent at $6,713 a tonne after reaching $6,692, the lowest since April 4.

For a full report, click on MET/L

- - - -

OIL

Oil prices rose on Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output continued to drag.

Brent crude futures LCOc1 , the international benchmark for oil prices, were at $74.95 per barrel at 0104 GMT, up 22 cents, or 0.3 percent from their last close.

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures saw their sharpest fall in a week on Tuesday evening, snapping two sessions of gains, due to slowing demand.

The benchmark palm oil contract for September delivery 1FCPOc3 on the Bursa Malaysia Derivatives Exchange was down 0.6 percent at 2,277 ringgit ($566.28) per tonne at the close of trade, its biggest daily drop since June 19.

For a full report, click on POI/

- - - -

RUBBER

Tokyo's new benchmark rubber futures edged higher on Tuesday as investors looked for bargains after the market hit the lowest since October 2016 the previous day, but lingering worries over oversupply capped gains.

The Tokyo Commodity Exchange (TOCOM) rubber contract for December delivery JRUc6 , 0#2JRU: finished at 172.5 yen ($1.57) per kg, up 0.9 yen, or 0.5 percent, from an opening price of 171.6 yen.

For a full report, click on RUB/T

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

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