Asia Morning Call: Global Markets Overview

Asia Morning Call: Global Markets Overview

Global markets reacted to reports of a US-Iran ceasefire agreement. US stocks rose, while European and Asian markets were mixed. Here are the details.

Stock Markets

US: The S&P 500 and Nasdaq rose on US-Iran deal news. The Dow Jones was flat.

Europe: The STOXX 600 closed 0.5% lower, paring losses on ceasefire reports.

Asia: Japan's Nikkei fell 0.47%, while China's CSI300 and Shanghai Composite edged up 0.1%. Hong Kong's Hang Seng dropped 1.3%. Australia's ASX 200 fell 1.4% to a one-week low. South Korea's KOSPI lost 0.53%.

Foreign Exchange

Dollar Index: Fell 0.3% to 99.02 after the US-Iran deal.

Chinese Yuan: Slightly weaker against the dollar, spot at 6.7828.

Australian Dollar: Fell 0.4% to $0.7113 on soft consumer spending data.

South Korean Won: Weakened 0.33% against the dollar.

Treasuries

US 10-Year Yield: Fell 2.2 bps to 4.459%.

German 10-Year Yield: Fell 2 bps to 2.968%.

Japan 30-Year Yield: Rose 3.5 bps to 3.950%.

Commodities

Gold: Rose 1.1% to $4,504/oz on a weaker dollar and lower oil prices.

Iron Ore: DCE contract down 0.06% to 780.5 yuan/ton; Singapore benchmark down 0.19% to $105/ton.

Copper: LME up 1.2% to $13,696/ton.

Oil: Brent crude fell 0.8% to $93.56/barrel.

Palm Oil: Malaysian futures rose 0.87% to 4,535 ringgit/ton.

Rubber: OSE contract up 0.12% to 412.3 yen/kg.