Asia Morning Call-Global Markets

Reuters
18 Apr
UPDATE 1-Asia Morning Call-Global Markets

April 18 (Reuters) -

Stock Markets

closing level)

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

7819.1

60.2

NZX 50**

12118.99

51.07

DJIA

39142.23

-527.16

NIKKEI**

34377.6

457.2

Nasdaq

16286.448

-20.712

FTSE**

8275.66

0.06

S&P 500

5282.7

7

Hang Seng**

21395.14

338.16

SPI 200 Fut

7803

-30

STI**

3720.33

57.88

SSEC**

3280.3412

4.3373

KOSPI**

2470.41

22.98

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

Bonds

Bonds

JP 10 YR Bond

1.3150

0.0020

KR 10 YR Bond

2.629

-0.005

AU 10 YR Bond

4.2170

-0.0190

US 10 YR Bond

4.3327

0.054

NZ 10 YR Bond

4.5560

0.0010

US 30 YR Bond

4.8091

0.062

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

Currencies

SGD US$

1.3109

-0.0001

KRW US$

1,417.420

3.71

AUD US$

0.6391

0.00185

NZD US$

0.5969

0.0035

EUR US$

1.1367

-0.0031

Yen US$

142.4000

0.58

THB US$

33.3300

0.26

PHP US$

56.7020

0.066

IDR US$

16,820

0

INR US$

85.3800

-0.207

MYR US$

4.4050

-0.003

TWD US$

32.5310

0.011

CNY US$

7.2990

0.001

HKD US$

7.7637

0.0014

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

Commodities

Spot Gold

3324.7581

-18.4643

Silver (Lon)

32.52

-0.2251

U.S. Gold Fut

3339.1

-7.3

Brent Crude

67.96

2.11

Iron Ore

707

-1

TRJCRB Index

-

-

TOCOM Rubber

292.5

0.4

Copper

9254

50.5

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

** indicates closing price

All prices as of 2025 GMT

EQUITIES

GLOBAL - Wall Street stocks were mixed and the dollar ticked up on Thursday as investors took some heart from trade talks between the United States and Japan, though the positive mood was curbed by Federal Reserve Chair Jerome Powell saying the U.S. central bank would be cautious about cutting interest rates.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - The S&P 500 ended higher on Thursday, lifted by Eli Lilly and Apple, as investors weighed progress in U.S. trade negotiations with Japan against concerns about the interest rate outlook.

According to preliminary data, the S&P 500 .SPX gained 6.93 points, or 0.13%, to end at 5,282.01 points, while the Nasdaq Composite .IXIC lost 24.26 points, or 0.15%, to 16,282.90. The Dow Jones Industrial Average .DJI fell 528.51 points, or 1.33%, to 39,140.88.

For a full report, click on .N

- - - -

LONDON - European shares closed slightly lower on Thursday after the European Central Bank eased borrowing rates as expected, while investors parsed corporate earnings to gauge the fallout of U.S. President Donald Trump's erratic trade plans.

The pan-European STOXX 600 index .STOXX ended 0.1% lower.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average bounced back on Thursday from the previous session's declines, helped by a weaker yen after the first round of closely watched trade negotiations between Tokyo and Washington were lauded by President Donald Trump.

The Nikkei .N225 ended the day up 1.35% at 34,377.60, just off the session's high, as it took back the ground it lost in Wednesday's 1% slide.

For a full report, click on .T

- - - -

SHANGHAI - Hong Kong shares closed higher on Thursday, led by property and tech stocks, while investors awaited more cues from ongoing trade tensions between the U.S. and China.

China's blue-chip CSI 300 Index .CSI300 closed roughly flat, while the Shanghai Composite Index .SSEC inched up 0.1%.

For a full report, click on .SS

- - - -

AUSTRALIA - There will be no Australia and New Zealand stock market report on Friday, April 18, and Monday, April 21, as both markets will be closed for Good Friday and Easter Monday holidays, respectively.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares rose nearly 1% on Thursday after the central bank held interest rates steady, as expected, but flagged it would cut rates next month.

The benchmark KOSPI .KS11 closed up 22.98 points, or 0.94%, at 2,470.41.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The U.S. dollar gained on Thursday after its recent weakness across peer currencies appeared exhausted for the time being, while the euro weakened slightly after the European Central Bank cut rates for the seventh time in a year.

The euro was last down 0.41% on the day at $1.1351 and is holding below a three-year high of $1.1473 EUR= reached on Friday.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan fell against the U.S. dollar on Thursday, as trade frictions between the world's two biggest economies showed no signs of easing.

By 0250 GMT, the yuan CNY=CFXS was 0.15% lower at 7.3086 to the dollar, 106 pips lower than the previous late session close.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars gave back a little of their recent gains on Thursday as their U.S. counterpart bounced from deep lows, while domestic data did nothing to challenge wagers of further rate cuts at home.

The Aussie eased 0.2% in response to $0.6357 AUD=D3, after hitting a one-month top of $0.6391 overnight.

For a full report, click on AUD/

- - - -

SEOUL - The Korean won weakened against the dollar on Thursday.

The benchmark KOSPI .KS11 closed up 22.98 points, or 0.94%, at 2,470.41.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - Yields on U.S. Treasuries edged higher in uneventful pre-holiday trade on Thursday, wrapping up an abbreviated week on a calmer note after President Donald Trump's early April tariff flip- flops nearly blew up the bond market.

The yield on the benchmark U.S. 10-year Treasury note US10YT=TWEB rose 5.2 basis points (bp) from late Wednesday to 4.331%.

For a full report, click on US/

- - - -

LONDON - Euro zone bond yields fell sharply on Thursday as investors priced in more rate cuts from the European Central Bank, after it lowered borrowing costs and said U.S. President Donald Trump's tariffs would knock the euro zone economy.

Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone bloc, was last down 4 bps at 2.459%, having traded 3 bps higher before the decision.

For a full report, click on GVD/EUR

- - - -

TOKYO - Benchmark 10-year Japanese government bond yields rose on Thursday, undoing part of the previous day's decline, as Tokyo's smooth first round of trade talks in Washington diminished the appeal of safe-haven debt.

The 10-year JGB yield JP10YTN=JBTC added 1 basis point (bp)to 1.30%.

For a full report, click on JP/

COMMODITIES

GOLD - There will be no precious metals report on Friday, April 18, as most markets will be closed for the Good Friday holiday.

For a full report, click on GOL/

- - - -

IRON ORE - Iron ore futures prices wobbled on Thursday, as favourable near-term supply and demand dynamics countered intense trade tensions between the world's two largest economies that clouded the demand outlook.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 surrendered some earlier gains to close daytime trade 0.07% higher at 707 yuan ($96.79) a metric ton.

For a full report, click on IRONORE/

- - - -

BASE METALS - Copper prices fell in London on Thursday under pressure from a stronger dollar, but remained in a tight range amid lower trading volumes ahead of a four-day Easter break, and no sign of de-escalation in the trade war between the U.S. and China.

The benchmark three-month copper CMCU3 on the London Metal Exchange $(LME.AU)$ was down 0.1% at $9,195 a metric ton by 1600 GMT.

For a full report, click on MET/L

- - - -

OIL - Oil prices settled more than 3% higher on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to elevate supply concerns.

Brent crude futures LCOc1 settled $2.11, or 3.2%, higher to $67.96 a barrel.

For a full report, click on O/R

- - - -

PALM OIL - Malaysian palm oil futures fell for a fourth straight session on Thursday and closed at the lowest since October 1, weighed down by expectations of a rise in production, although strong rival oils limited further losses.

The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange were down 3 ringgit, or 0.07%, to 4,012 ringgit ($910.78) a metric ton at the close.

For a full report, click on POI/

- - - -

RUBBER - Japanese rubber futures snapped two sessions of losses on Thursday after improving economic data from top consumer China buoyed market sentiment and seasonally low production constricted supply.

The Osaka Exchange (OSE) September rubber contract JRUc6, 0#2JRU: ended 6 yen higher, or 2.1%, at 292.1 yen ($2.05) per kg.

For a full report, click on RUB/T

- - - -

(Bengaluru Bureau; +91 80 6749 1130)

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