Overview: Summer in the northern hemisphere is contributing to the subdued activity in the global capital markets. The MSCI Asia Pacific index stalled after a four-day advance, with Japanese, Chinese, and Australian equities offsetting gains in Taiwan, South Korea, and India. Europe's Dow Jones Stoxx 600 is flattish, struggling to extend its three-day rally. US shares are also little changed after the S&P 500 rose for the fifth consecutive session yesterday to new record highs. It has risen in 10 of the last 12 sessions. Australian and New Zealand 10-year benchmark yields fell five basis