Asia Morning Call-Global Markets (updated)
03/08/2021 21:50
August 4 (Reuters) -
Stock Markets Net Chng Stock Markets Net Chng
S&P/ASX 200** 7,474.50 -16.90 NZX 50** 12,700.5 -2.47
DJIA** 35,117.32 279.16 NIKKEI** 27,641.83 -139.19
Nasdaq 14,761.295 80.23 FTSE** 7,105.72 24.00
S&P 500 4,423.15 35.99 Hang Seng** 26,194.82 -40.98
SPI 200 Fut 7,383.00 11.00 STI** 3,149.25 -11.97
SSEC** 3,447.99 -16.29 KOSPI** 0 0.00
--------------------------------------------------------------------------------------
--
Bonds Bonds
JP 10 YR Bond 0.009 0 KR 10 YR Bond 1.89 -0.017
AU 10 YR Bond 1.158 -0.003 US 10 YR Bond 1.1722 0
NZ 10 YR Bond 1.568 0.01 US 30 YR Bond 1.8434 -0.008
--------------------------------------------------------------------------------------
--
Currencies
SGD US$ 1.3514 -0.0023 KRW US$ 1,148.49 -1.69
AUD US$ 0.7393 0.003 NZD US$ 0.7017 0.0049
EUR US$ 1.1862 -0.0005 Yen US$ 109.04 -0.24
THB US$ 33.03 0.09 PHP US$ 49.73 -0.12
IDR US$ 14,340 -80 INR US$ 74.249 -0.105
MYR US$ 4.218 -0.0055 TWD US$ 27.93 -0.002
CNY US$ 6.47 0.008 HKD US$ 7.7787 0.0064
--------------------------------------------------------------------------------------
--
Commodities
Spot Gold 1,810.0894 -3.2956 Silver (Lon) 25.5103 0.0803
U.S. Gold Fut 1,814.1 -8.1 Brent Crude 72.38 -0.51
Iron Ore CNY1,063 9 TRJCRB Index - -
TOCOM Rubber JPY215.5 -0.5 LME Copper 9,557 -121
---------------------------------------------------------------------------------------
--
** indicates closing price
All prices as of 20:50 GMT
EQUITIES
GLOBAL - U.S. stocks rose, 10-year Treasuries were flat and oil prices fell as
markets assessed mixed signals from corporate earnings and economic growth data.
Stronger-than-expected profit reports from U.S. companies in recent weeks have
ratcheted up already high Wall Street forecasts on how second-quarter earnings growth
will look versus last year.
For a full report, click on MKTS/GLOB
- - - -
NEW YORK - Wall Street's main indexes closed higher on Tuesday on gains in Apple
and healthcare stocks, despite concerns over a surge in the Delta variant of the
coronavirus taking some shine off an upbeat corporate earnings season.
Unofficially, the Dow Jones Industrial Average .DJI rose 279.16 points, or 0.8%,
to 35,117.32, the S&P 500 .SPX gained 36.14 points, or 0.82%, to 4,423.3 and the
Nasdaq Composite .IXIC added 80.23 points, or 0.55%, to 14,761.30.
For a full report, click on .N
- - - -
LONDON - Strong earnings updates from heavyweights including BP and Societe
Generale drove European stocks to a record-high close on Tuesday, although gains were
capped by concerns over rising Delta variant cases and China's regulatory moves.
After dipping into negative territory earlier, the region-wide STOXX 600 index
.STOXX ended up 0.2% at a record closing high of 465.38 points.
For a full report, click on .EU
- - - -
TOKYO - apan's Nikkei index closed lower on Tuesday as rising cases of COVID-19
weighed on sentiment, while video game makers fell after Chinese media labelled online
gaming as "spiritual opium."
The Nikkei share average .N225 slid 0.5%, with online game producer Nexon's
3659.T dropping 6.51%.
For a full report, click on .T
- - - -
SHANGHAI - China's blue-chip index were unchanged on Tuesday, but chip-makers led a
decline in tech shares amid mounting regulatory concerns.
The blue-chip CSI300 index .CSI300 was flat at 4,934.46 points. The Shanghai
Composite Index .SSEC lost 0.5% to 3,447.99 points.
For a full report, click on .SS
- - - -
AUSTRALIA - Australian shares dropped on Tuesday, with miners and energy stocks
leading declines, as the country's central bank stuck to its words to cut back stimulus
even as heavily-populated states remained under lockdowns.
The S&P/ASX 200 index .AXJO fell 0.2% to end at 7,474.5, slipping from Monday's
record closing high.
For a full report, click on .AX
- - - -
SEOUL - South Korean shares ended higher on Tuesday, driven by chip giants and
buying by foreign investors, although gains were capped by concerns about the Delta
coronavirus variant and its impact on the global economy. The won gained, while the
benchmark bond yield fell.
The KOSPI .KS11 ended up 14.10 points, or 0.44%, at 3,237.14, following a 0.65%
gain on Monday.
For a full report, click on KRW/
- - - -
FOREIGN EXCHANGE
NEW YORK - The U.S. dollar steadied on Tuesday, after having lost value against the
Japanese yen and Swiss franc, as questions about slowing U.S. economic growth and the
COVID-19 Delta variant challenged risk appetite.
The index =USD that measures the dollar's strength against a basket of peers was
up by a hair to 92.046 at 1902 GMT after declining slightly on Monday.
For a full report, click on USD/
- - - -
SHANGHAI - China's yuan weakened on Tuesday as a surge of coronavirus cases of the
Delta variant in the country prompted tough measures including mass testing, fuelling
worries over the potential economic impact of the new restrictions.
Spot yuan CNY=CFXS opened at 6.4624 per dollar and was changing hands at 6.4652
at midday, 32 pips softer than Monday's late session close. The offshore yuan CNH=D3
was slightly weaker at 6.4657 per dollar.
For a full report, click on CNY/
- - - -
AUSTRALIA - Australian shares are set to open higher on Wednesday, tracking their
Wall Street peers after a strong session overnight on the back of Apple AAPL.O and
healtchare stocks, with firmer commodity prices expected to lift the local mining
firms.
The local share price index futures YAPcm1 rose 0.12%, a 93.5-point premium to
the underlying S&P/ASX 200 index .AXJO close. The benchmark slipped 0.23% on Tuesday.
For a full report, click on AUD/
- - - -
SEOUL - The won ended at 1,148.3 per dollar on the onshore settlement platform
KRW=KFTC on Tuesday, 0.23% higher than its previous close at 1,150.9.
In offshore trading, the won KRW= was quoted at 1,148.4 per dollar, up 0.2% from
the previous day, while in non-deliverable forward trading its one-month contract
KRW1MNDFOR= was quoted at 1,148.7.
For a full report, click on KRW/
- - - -
TREASURIES
NEW YORK - raders left U.S. Treasury yields little changed on Tuesday as they
awaited economic data, reinforcing a divergence between bond and equity price trends.
Even as stock markets have been fired up by strong corporate earnings, the
benchmark 10-year yield US10YT=RR sagged below 1.2% on Monday and was at 1.1722% on
Tuesday afternoon, unchanged for the session.
For a full report, click on US/
- - - -
LONDON - Euro zone bond yields wavered around recent lows on Tuesday as traders
eyed moves in U.S. Treasuries and data across the Atlantic.
U.S. 10-year Treasury yields briefly reclaimed 1.20% on Tuesday before returning
again below that critical level they breached in the previous session. US10YT=RR
For a full report, click on GVD/EUR
- - - -
TOKYO - apanese government bond yields fell on Tuesday, tracking a decline in
global yields as the spread of the Delta variant of the coronavirus threatened the
economic recovery.
At the close of trading, the yield on the 20-year JGB JP20YTN=JBTC was 1 basis
point lower at 0.380%, while 30-year yields JP30YTN=JBTC fell 0.5 basis point to
0.630%.
For a full report, click on JP/
COMMODITIES
GOLD
Gold prices edged lower on Tuesday, as traders stayed on the sidelines in advance
of U.S. jobs data due later this week that could influence the likely timeline of when
the Federal Reserve cuts back on its asset purchase programme.
Spot gold XAU= fell 0.2% to $1,810.61 per ounce by 1:08 p.m. EDT, while U.S. gold
futures GCv1 eased 0.5% to $1,813.60.
For a full report, click on GOL/
- - - -
IRON ORE
Benchmark iron ore futures in China rose more than 3% on Tuesday, after five
straight sessions of declines fuelled by speculations of a relaxation in steel output
controls.
The most active iron ore futures on the Dalian Commodity Exchange DCIOcv1 , for
September delivery, increased 2% to 1,063 yuan ($164.41) per tonne at close.
For a full report, click on IRONORE/
- - - -
BASE METALS
Copper prices declined for a third session on Tuesday on worries that the rapid
spread of powerful COVID-19 variants could spur further lockdowns and curb demand for
industrial metals.
Three-month copper on the London Metal Exchange CMCU3 (LME) slipped 1.5% to
$9,557.50 a tonne by 1625 GMT.
For a full report, click on MET/L
- - - -
OIL
Oil settled lower on Tuesday in volatile trade, as concern about rising cases of
the Delta coronavirus variant outweighed expectations for another weekly draw in U.S.
invesntories that had boosted prices early.
Brent LCOc1 crude oil futures settled down 48 cents, or 0.66% at $72.41 a barrel.
U.S. West Texas Intermediate (WTI) crude CLc1 settled down 70 cents, or 0.98% at
$70.56 a barrel.
For a full report, click on O/R
- - - -
PALM OIL
Malaysian palm oil futures ticked up on Tuesday, snapping two consecutive sessions
of sharp losses, as lingering concerns over tight production provided support and data
showing export shipments fell in July capped gains.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia
Derivatives Exchange closed up 24 ringgit, or 0.58%, to 4,144 ringgit ($982.46) a
tonne, after plunging 5.7% in the previous session.
For a full report, click on POI/
- - - -
RUBBER
Japanese rubber futures finished higher on Friday, recording their biggest weekly
gain in more than five months on expectations of strong demand on the back of a global
economic recovery.
The Osaka Exchange rubber futures JRUc6, 0#2JRU: rose 1.6% to 219.3 yen ($2.00) per
kg. The market has gained 4.5% this week, its biggest weekly rise since mid-February.
For a full report, click on RUB/T
(Bengaluru Bureau; +91 80 6749 1130)