Asia Morning Call-Global Markets

Reuters
04 Mar
Asia Morning Call-Global Markets

March 4 (Reuters) -

Stock Markets

closing level)

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

8245.7

73.3

NZX 50**

12550.05

560.69

DJIA

43773.43

-67.48

NIKKEI**

37785.47

629.97

Nasdaq

18760.652

-86.627

FTSE**

8871.31

61.57

S&P 500

5944.05

-10.45

Hang Seng**

23006.27

64.95

SPI 200 Fut

8219

-7

STI**

3908.92

13.22

SSEC**

3316.9253

-3.972

KOSPI**

2532.78

-88.97

----------------------------------------------------------------------------------------

Bonds

Bonds

JP 10 YR Bond

1.41

0.04

KR 10 YR Bond

10,324.53

2.700373

AU 10 YR Bond

93.641

0.254

US 10 YR Bond

103.65625

0.46875

NZ 10 YR Bond

99.598

0.073

US 30 YR Bond

102.796875

1

----------------------------------------------------------------------------------------

Currencies

SGD US$

1.3444

-0.0211

KRW US$

1,456.01

-5.27

AUD US$

0.6239

0.0032

NZD US$

0.5632

0.0034

EUR US$

1.0489

0.0115

Yen US$

150.12

-0.47

THB US$

33.93

-0.28

PHP US$

57.714

-0.238

IDR US$

16,475

-100

INR US$

87.26

-0.206

MYR US$

4.4640

0.0040

TWD US$

32.882

-0.023

CNY US$

7.2843

0.0015

HKD US$

7.7763

-0.0019

----------------------------------------------------------------------------------------

Commodities

Spot Gold

2890.375

31.775

Silver (Lon)

31.6427

0.4924

U.S. Gold Fut

2900.6

52.1

Brent Crude

72.71

-0.1

Iron Ore

779.5

-16.5

TRJCRB Index

--

--

TOCOM Rubber

363.4

1.2

Copper

9407.5

49.5

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1815 GMT

EQUITIES

GLOBAL - The euro strengthened and European stocks rose on Monday after European leaders agreed to draw up a Ukraine peace plan, while Wall Street stocks eased as U.S. President Donald Trump is expected to decide what tariffs to impose on Canada and Mexico early on Tuesday.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 2.43 points, or 0.28%, to 865.38.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - Wall Street's main stock indexes slipped on Monday after data showed that new orders at U.S. factories fell in February, while investors awaited details on tariffs on top trading partners that are expected to kick in at the end of the day.

At 11:58 a.m. ET, the Dow Jones Industrial Average .DJI fell 98.69 points, or 0.23%, to 43,742.22, the S&P 500 .SPX lost 10.48 points, or 0.18%, to 5,944.02 and the Nasdaq Composite .IXIC lost 64.37 points, or 0.36%, to 18,780.35.

For a full report, click on .N

- - - -

LONDON - Defence stocks powered European shares to a record high on Monday, after expectations mounted of higher military spending in the region, and the prospect of a Ukraine peace proposal boosted sentiment.

The pan-European STOXX 600 index .STOXX closed up 1.1%, at a record high, building on 10 straight weeks of gains.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average ended more than 1% higher on Monday, rebounding from a five-month low in the previous session, underpinned by Wall Street's strong finish last week and a weaker yen.

The Nikkei .N225 jumped 1.7% to 37,785.47.

For a full report, click on .T

- - - -

SHANGHAI - Chinese stocks edged down on Monday in volatile trading as China and the U.S. prepared to slap more punitive trade tariffs on each other, while investors awaited the upcoming annual parliamentary sessions to gauge Beijing's policy path.

Onshore stocks gave up gains in the morning session to close lower, with the Shanghai Composite Index .SSEC declining 0.1% and the blue-chip CSI300 Index .CSI300 closing flat. Both indexes lost around 2% each on Friday.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian equities opened the month on a positive note on Monday as heavyweight mining stocks jumped, coupled with gains in real estate and energy stocks.

The S&P/ASX 200 index .AXJO rose 0.9% to finish the session at 8,245.7 points. The benchmark shed 4.2% in February, its worst month since September 2022.

For a full report, click on .AX

- - - -

SEOUL - South Korean financial markets were closed on Monday for a public holiday. Markets will resume trade at normal hours on Tuesday, March 4.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The euro rebounded on Monday as hopes for a Ukraine peace deal improved along with prospects for tighter dollar-interest rate differentials ahead of a possibly pivotal steer on U.S. economic growth in the February payrolls report late in the week.

The U.S. dollar index =USD - which measures the currency against the euro, sterling, yen, Canadian dollar and two other major rivals - fell 0.67% to 106.59 as investors kept an eye on Trump's tariff plans.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan hovered near a two-week low against the dollar on Monday as upbeat manufacturing data partially offset some investor worries over heightened Sino-U.S. trade tensions after President Donald Trump proposed extra tariffs on Chinese goods.

As of 0351 GMT, the onshore yuan CNY=CFXS weakened 0.11% to 7.2881 per dollar, compared with a two-week low of 7.2914 hit on Friday.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars steadied on Monday after a bruising week as the spectre of imminent U.S. tariffs and a potential global trade war pounded export-exposed currencies.

The Aussie AUD=D3 rose 0.3% to $0.6227 on Monday, having tumbled 2.4% last week in the biggest weekly decline since June 2023.

For a full report, click on AUD/

- - - -

SEOUL - South Korean financial markets were closed on Monday for a public holiday. Markets will resume trade at normal hours on Tuesday, March 4.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - Longer-dated U.S. Treasury yields moved lower on Monday, extending declines after the latest reading on the manufacturing sector, as a deadline for tariffs to be enacted by U.S. President Donald Trump draws closer.

Yields extended slight declines, with the benchmark 10-year U.S. Treasury note hitting 4.182%, its lowest since December 9, after the Institute for Supply Management (ISM) said its manufacturing PMI slipped to 50.3 last month from 50.9 in January, which marked the first expansion since October 2022. A reading above 50 signifies expansion.

For a full report, click on US/

- - - -

LONDON - Euro zone government bond yields rose sharply on Monday as investors processed the weekend's dramatic geopolitical developments, which will likely require greater European borrowing to spend on defence.

Germany's 10-year bond yield DE10YT=RR, the euro zone's benchmark, rose as much as 13 basis points (bps) to 2.519% and was last trading at 2.497%, up 11 bps.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japanese government bond (JGB) yields rose on Monday as market players awaited auctions of 10- and 30-year bonds and comments from the Bank of Japan deputy governor this week for rate-hike clues.

The 10-year JGB yield JP10YTN=JBTC rose 3 basis points (bps) to 1.4%.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices rose over 1% on Monday after a slump to a three-week low in the previous session, driven by a weaker dollar and safe-haven buying in response to concerns over U.S. President Donald Trump's tariff policies.

Spot gold XAU= gained 1.1% to $2,891.29 an ounce as of 11:54 a.m. ET (1654 GMT).

For a full report, click on GOL/

- - - -

IRON ORE

Iron ore futures fell for a sixth straight session on Monday amid rising trade tensions between the U.S. and top consumer China, outweighing upbeat Chinese manufacturing data.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 2.81% lower at 779.5 yuan ($106.91) a metric ton.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper prices rose on Monday as a weaker dollar and stronger industrial activity in China raised hopes of stronger demand, though gains were capped by potential tariffs on U.S. imports.

Benchmark copper CMCU3 on the London Metal Exchange $(LME.AU)$ was up 0.6% at $9,416 a metric ton at 1702 GMT.

For a full report, click on MET/L

- - - -

OIL

Oil prices were little changed on Monday, buoyed by positive economic news from China but pressured by the possible negative impact of U.S. tariffs with traders still concerned about the Russia-Ukraine war.

Brent LCOc1 futures fell 10 cents, or 0.1%, to $72.71 a barrel by 11:49 a.m. EST (1649 GMT).

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures closed lower on Monday following a decline in rival oils, while weaker Malaysian palm oil exports in February also weighed on sentiment.

The benchmark palm oil contract FCPOc3 for May delivery on the Bursa Malaysia Derivatives Exchange lost 71 ringgit, or 1.56%, to close at 4,483 ringgit ($1,004.26) per metric ton.

For a full report, click on POI/

- - - -

RUBBER

Japanese rubber futures edged up on Monday amid prospects of weaker supply from top producer Thailand, although mounting trade war concerns kept a lid on prices.

The Osaka Exchange (OSE) rubber contract for August delivery JRUc6, 0#2JRU: gained 1.8 yen, or 0.5%, to close at 362.2 yen ($2.41) per kg.

For a full report, click on RUB/T

- - - -

(Bengaluru Bureau; +91 80 6749 1130)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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