Asia Morning Call-Global Markets

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** indicates closing price

All prices as of 1830 GMT

EQUITIES

GLOBAL - Wall Street stocks showed little conviction on Monday and gold eased as market participants watched for signs of progress in tariff negotiations at the top of an eventful week of corporate earnings and economic data.

SCI's gauge of stocks across the globe EURONEXT:IACWI rose 3.46 points, or 0.42%, to 828.20.

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NEW YORK - Wall Street turned lower on Monday, dragged down by megacap stocks, while investors braced for a week packed with key economic data and earnings from some of the biggest U.S. companies.

At 11:43 a.m. ET, the Dow Jones Industrial Average DJI fell 2.29 points, or 0.01%, to 40,111.21, the S&P 500 SPX lost 25.33 points, or 0.46%, to 5,499.87 and the Nasdaq Composite IXIC lost 155.44 points, or 0.89%, to 17,227.50.

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LONDON - European shares extended gains on Monday, with most sub-indexes rising,as investors remained optimistic about U.S.-China trade tensions easing ahead of the week's earnings and economic data.

The pan-European STOXX 600 index SXXP ended 0.5% higher, its fifth winning session in a row - a feat last seen in January.

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TOKYO - Japan's Nikkei rose for a fourth straight session on Monday, driven by automobiles stocks after Toyota Motor revealed it might invest in key parts supplier Toyota Industries.

The Nikkei NI225 rose 0.4% to close at 35,839.99. Earlier in the day, the index rose as high as 36,075.26, crossing the psychological 36,000 level for the first time since April 1.

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SHANGHAI - China and Hong Kong stocks barely moved on Monday after Beijing pledged to stabilise capital markets without announcing fresh stimulus to counter the hefty U.S. tariffs.

China's blue-chip CSI300 Index 3399300 dipped 0.1%, while the Shanghai Composite Index 000001 fell 0.2%.

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AUSTRALIA - Australian shares rose for the third consecutive session on Monday, driven by gains in heavyweight financials and healthcare stocks ahead of the country's quarterly inflation data later this week.

The S&P/ASX 200 benchmark index XJO closed 0.4% higher at 7,9971 points, its highest level since late March. The benchmark rose nearly 2% last week.

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SEOUL - South Korean shares ended largely flat on Monday as investors assessed developments around U.S. trade talks with Seoul and uncertainty over those with Beijing.

The benchmark KOSPI KOSPI closed up 2.56 points, or 0.10%, at 2,548.86, its highest since March 28.

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar traded mixed overall on Monday, falling against the yen and sterling, but posting gains versus the Swiss franc, as investors waited warily for further news of U.S. trade policy and braced for a week packed with economic data.

For now, the dollar has found its footing, trading little changed against the euro EURUSD at $1.1365

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SHANGHAI - China's yuan slipped against the dollar on Monday, as investors carefully monitored the greenback's movements in global markets and developments in trade tensions between the world's two largest economies.

As of 0326 GMT, the onshore yuan USDCNY was 0.13% lower at 7.2960 per dollar.

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AUSTRALIA - The Australian and New Zealand dollars were on the back foot on Monday as investors await clarity in U.S.-China trade talks, while a domestic inflation report and a looming national election may offer some direction for the Aussie this week.

That's partly why the Aussie AUDUSD is struggling to extend its rally and was last down 0.2% to $0.6382.

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SEOUL - South Korean shares ended largely flat on Monday as investors assessed developments around U.S. trade talks with Seoul and uncertainty over those with Beijing.

The won was quoted at 1,442.6 per dollar on the onshore settlement platform USDKRW, 0.19% lower than its previous close at 1,439.8.

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TREASURIES

NEW YORK - U.S. Treasury securities held in narrow ranges and yields were mixed on Monday as players minimized activity without new tariff headlines to react to before a list of important economic reports, culminating in April payrolls data on Friday.

The yield on the benchmark U.S. 10-year Treasury note (US10YT=TWEB) was off 1 basis point from late Friday at 4.256%.

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LONDON - Euro zone government bonds edged higher on Monday, as the unusual absence of U.S. tariff-related headlines left investors waiting for direction from economic data due later in the week.

Germany's 10-year yield rose 2.5 basis points to 2.5%, but was still near the lower end of its recent range. (DE10YT=RR)

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TOKYO - Japanese government bond yields edged lower on Monday, under pressure from a decline in U.S. Treasury yields, with traders seeing little chance for any near-term policy tightening by the Bank of Japan.

The 10-year JGB yield (JP10YTN=JBTC) fell 1.5 basis points (bps) to 1.315% as of 0427 GMT

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COMMODITIES

GOLD - Gold prices reversed course to edge higher on Monday as bargain-hunting kicked in, while market focus was on U.S.-China trade developments and a slew of economic data.

Spot gold GOLD was up 0.5% at $3,335.30 an ounce as of 2:06 p.m. ET (1806 GMT) after falling as much as 1.8% earlier in the session.

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IRON ORE - Iron ore futures prices fell on Monday, weighed down by the likelihood of China cutting crude steel output, although losses were capped by a continued rise in demand for the steelmaking ingredient.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 0.49% lower at 710.5 yuan ($97.32) a metric ton.

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BASE METALS - Copper prices steadied on Monday as the market waited for further developments on U.S.-China trade relations and for clues to demand prospects in China, where growth is under pressure from U.S. import tariffs.

Benchmark copper HG1! on the London Metal Exchange (LME) was little changed at $9,378 a metric ton by 1605 GMT.

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OIL - Crude oil prices fell more than $1 a barrel on Monday morning as demand fears arising from the trade war between the United States and China were pressing down demand at the pump.

Brent crude futures BRN1! were down $1.09, or 1.63%, at $65.78 a barrel, as of 1522 GMT.

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PALM OIL - Malaysian palm oil futures closed lower on Monday, weighed down by expectations of increased production, while weaker Chicago soyoil also pressured the market.

The benchmark palm oil contract FCPO1! for July delivery on the Bursa Malaysia Derivatives Exchange fell 2.37% to 3,961 ringgit ($908.49) a metric ton at the close.

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RUBBER - Japanese rubber futures rose on Monday, underpinned by brightening China economic data, but expectations of increased supply capped the rise.

The Osaka Exchange (OSE) rubber contract for October delivery TRB1!, TRB1! gained 0.9% to 291.9 yen ($2.03) per kg.

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