India Morning Call-Global Markets

MUMBAI, June 2 Mon Jun 2, 2014 8:18am IST

Related Topics

MUMBAI, June 2 (Reuters) - EQUITIES

NEW YORK - The Dow and the S&P 500 edged up to end at record highs on Friday, wrapping up four straight months of gains, after mixed economic data gave investors little reason to rush into stocks.

The Dow Jones industrial average rose 18.43 points or 0.11 percent, to 16,717.17. The S&P 500 gained 3.54 points or 0.18 percent, to 1,923.57. The Nasdaq Composite fell 5.33 points or 0.13 percent, to 4,242.62.

For a full report, double click on

- - - -

LONDON - A drop in major mining stocks dragged down Britain's blue-chip equity index on Friday, frustrating the market's attempts to break new ground and hit record highs.

The FTSE 100 index closed down by 0.4 percent, or 26.78 points, at 6,844.51 points.

For a full report, double click on

- - - -

TOKYO - Japan's Nikkei share average climbed to an eight-week high on Monday after strong Chinese factory data and rising Japanese corporate spending lifted sentiment.

The Nikkei was up 1.6 percent at 14,873.01 in midmorning trade, its highest since April 7

For a full report, double click on

- - - -

HONG KONG - Hong Kong, China markets closed for holiday.

For a full report, double click on

- - - -

FOREIGN EXCHANGE

SYDNEY - The dollar edged up slightly in early Asian trade, while the euro came under pressure as the market braced for further stimulus measures from the European Central Bank this week.

Short-term investors increased short positioning on the euro to 16,633 contracts from 9,220 a week ago, according to data for the week ended May 27 released by the Commodity Futures Trading Commission on Friday.

For a full report, double click on

- - - -

TREASURIES

NEW YORK - Benchmark U.S. Treasuries yields rose on Friday as the investor demand that stoked May's bond rally faded and Wall Street dealers sought to resell their share of this week's $95 billion in fixed-rate government debt supply.

The rise in Treasuries yields accelerated on a surprise pickup in a private measure of U.S. Midwest business activities in May, supporting the view of a solid economic rebound in the second quarter after a contraction in the first quarter due partly to a harsh winter.

For a full report, double click on

- - - -

COMMODITIES

GOLD

SINGAPORE - Gold slid for a fifth straight session on Monday, in its longest losing streak since November, as investor sentiment was hurt by stronger global equities and weak physical demand in Asia.

Spot gold eased 0.3 percent to $1,247.20 an ounce by 0028 GMT. It wasn't too far from a 4-month low of $1,241.99 hit on Friday.

For a full report, double click on

- - - -

BASE METALS

SYDNEY - - London copper rose on Monday, underpinned by seasonal buying interest in China, but trading volumes were light due to a holiday in the top user of the metal.

Copper's gains came after the metal climbed 3 percent in May, marking its biggest monthly advance so far this year, with renewed momentum in China expected to keep a floor under prices in the near term.

For a full report, double click on

- - - -

OIL

NEW YORK - U.S. crude fell on Friday as traders took profit at the end of the month, although the American benchmark rose 3 percent in May, underpinned by supply worries and strong gasoline demand in the United States.

Brent settled 56 cents down at $109.41 a barrel. U.S. light crude oil retraced its losses having fallen by $1.18 to an intra-session low of $102.40 to settle 87 cents lower at $102.71 a barrel. Trading in May ranged between $105 and $99.

For a full report, double click on (Compiled by Indulal PM)

FILED UNDER:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Canonisation

Canonisation

Pope declares sainthood of two Indians, four Italians.  Full Article 

Stake Sale Strike

Stake Sale Strike

Coal India trade unions call off strike in victory for Modi.  Full Article 

Markets Weekahead

Markets Weekahead

Ride the bull with a finger on the ejector button.  Full Article 

Arms Purchase

Arms Purchase

India approves $2.6 bln mounted gun purchase - official.  Full Article 

Interview with Bulgari CEO

Interview: Bulgari CEO

Bulgari CEO: we shouldn’t have left India so we’re back  Full Article 

Formula One

Formula One

Hamilton takes second F1 title in style.  Full Article 

Available For Remake

Available For Remake

Bollywood finally wants to pay the price for remakes  Full Article 

Davis Cup

Davis Cup

Vintage Federer seals first Davis Cup for Switzerland.  Full Article 

Movie Review

Movie Review

"Happy Ending" is old wine in an older bottle  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage