Asia Morning Call-Global Markets
Nov 14 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8193.4 | -62.2 | NZX 50** | 12647.49 | -74.87 |
DJIA | 44118.98 | 208 | NIKKEI** | 38721.66 | -654.43 |
Nasdaq | 19328.802 | 47.401 | FTSE** | 8030.33 | 4.56 |
S&P 500 | 6004.98 | 20.99 | Hang Seng** | 19823.45 | -23.43 |
SPI 200 Fut | 8261 | 34 | STI** | 3720.34 | 8.86 |
SSEC** | 3439.2778 | 17.3077 | KOSPI** | 2417.08 | -65.49 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.04 | 0.035 | KR 10 YR Bond | 10500.73 | -55.619 |
AU 10 YR Bond | 90.706 | 0.044 | US 10 YR Bond | 98.4375 | -0.09375 |
NZ 10 YR Bond | 97.807 | 0.001 | US 30 YR Bond | 98.015625 | -0.734375 |
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Currencies | |||||
SGD US$ | 1.3428 | 0.0048 | KRW US$ | 1405.48 | -0.32 |
AUD US$ | 0.6488 | -0.0045 | NZD US$ | 0.5882 | -0.0043 |
EUR US$ | 1.0568 | -0.0055 | Yen US$ | 155.42 | 0.82 |
THB US$ | 34.91 | 0.12 | PHP US$ | 58.717 | 0.0017 |
IDR US$ | 15770 | -5 | INR US$ | 84.393 | 0.013 |
MYR US$ | 4.446 | 0.012 | TWD US$ | 32.45 | 0.017 |
CNY US$ | 7.2245 | -0.0042 | HKD US$ | 7.7813 | 0.0034 |
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Commodities | |||||
Spot Gold | 2583.91 | -13.36 | Silver (Lon) | 30.5757 | -0.1321 |
U.S. Gold Fut | 2590 | -16.3 | Brent Crude | 72.47 | 0.58 |
Iron Ore | 762.5 | -3.5 | TRJCRB Index | - | - |
TOCOM Rubber | 347 | 3 | LME Copper | 9023.5 | -118.5 |
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** indicates closing price
All prices as of 1825 GMT
EQUITIES
GLOBAL - A gauge of global stocks dipped for a second straight session and U.S. Treasury yields were slightly lower in choppy trading as investors digested the latest U.S. inflation data and the path of interest rates from the Federal Reserve.
MSCI's gauge of stocks across the globe .MIWD00000PUS fell 3.33 points, or 0.39%, to 853.52, on track for a second straight decline after five sessions of gains.
For a full report, click on MKTS/GLOB
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NEW YORK - The S&P 500 and the Dow edged higher on Wednesday after in-line consumer price inflation data kept the U.S. Federal Reserve on track to deliver another interest rate cut in December.
The Dow Jones Industrial Average .DJI rose 193.95 points, or 0.44%, to 44,104.93, the S&P 500 .SPX gained 13.05 points, or 0.22%, to 5,997.18, and the Nasdaq Composite .IXIC lost 1.86 points, or 0.01%, to 19,279.54.
For a full report, click on .N
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LONDON - European shares ended Wednesday on a dour note, with the STOXX 600 closing at a three-month low as rising energy shares countered real estate losses, while focus remained on a U.S. inflation print that could alter market expectations about the Federal Reserve's interest rate path.
The pan-European STOXX 600 index .STOXX closed down 0.1% at 501.59 points, its lowest level since Aug 13.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average ended lower on Wednesday as investors sold stocks in the backdrop of the benchmark hovering near the key level of 40,000 points, while Seven & i Holdings surged on a potential management buyout, capping some losses.
The Nikkei .N225 fell 1.66% to close at 38,721.66.
For a full report, click on .T
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SHANGHAI - China stocks pared losses to close higher on Wednesday, lifted by gains in telecom companies. Hong Kong shares were flat as investors continued to digest U.S. President-elect Donald Trump's plans to appoint China hawks to key cabinet positions.
The Shanghai Composite .SSEC gained 0.5%.
For a full report, click on .SS
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AUSTRALIA - Australian shares retreated on Wednesday as investors remained wary of a rise in U.S. Treasury yields ahead of crucial inflation data from the world's biggest economy, which overshadowed Commonwealth Bank of Australia's results.
The S&P/ASX 200 index .AXJO closed 0.8% lower at 8,193.4 points, recording its third consecutive day of declines.
For a full report, click on .AX
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SEOUL - South Korean shares fell sharply on Wednesday to close at a one-year low as semiconductor stocks declined on worries about Sino-U.S. tensions and the impact of potential U.S. tariffs under a new Donald Trump administration on an export-heavy market.
The benchmark KOSPI .KS11 closed down 65.49 points, or 2.64%, at 2,417.08, lowest since Nov. 13, 2023.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar advanced near a seven-month high against major currencies on Wednesday after data showed U.S. inflation for October increased in line with expectations, suggesting the Federal Reserve will keep cutting rates.
The dollar index =USD, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.33% to 106.34 after reaching as high as 106.50.
For a full report, click on USD/
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SHANGHAI - China's yuan bounced off a more than three-month low against the dollar on Wednesday, lifted by firmer-than-expected official midpoint guidance, pointing to authorities' growing discomfort over the currency's recent, rapid depreciation.
The offshore yuan traded at 7.2288 yuan per dollar CNH=, up about 0.2% in Asian trade.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars struggled on Wednesday as their U.S. counterpart was propelled higher by rising Treasury yields, putting further downward pressure on global commodity prices.
On Wednesday, the Aussie was struggling at $0.6524 AUD=D3, having lost 0.6% overnight to as low as $0.6515.
For a full report, click on AUD/
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SEOUL - The South Korean won strengthened against the U.S. dollar.
The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 4.2 basis points to 2.943%, while the benchmark 10-year yield KR10YT=RR rose by 6.7 basis points to 3.074%.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields fell on Wednesday after data showed no major surprises on inflation in the world's largest economy, coming in largely in line with forecasts, suggesting the Federal Reserve is on track to cut interest rates as expected next month.
The benchmark 10-year yield slid 3.3 basis points to 4.398% US10YT=RR, while the two-year yield, which reflects interest rate expectations, was down 7.1 bps at 4.273% US2YT=RR.
For a full report, click on US/
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LONDON - Euro zone yields retreated from the day's highs on Wednesday after data showed U.S. inflation increased as expected in October, which prompted traders to ramp up their bets on a Federal Reserve rate cut next month.
The benchmark German 10-year yield DE10YT=RR was up 3.4 bps at 2.385%, down from an earlier session high of 2.401%.
For a full report, click on GVD/EUR
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TOKYO - Japan's five-year government bond yield hit a 15-year high on Wednesday as a weaker yen accelerated bets for the Bank of Japan to raise interest rates.
The 10-year JGB yield JP10YTN=JBTC rose 3.5 bps to 1.04%, its highest since Aug. 1.
For a full report, click on JP/
COMMODITIES
GOLD
Gold prices edged higher on Wednesday, steered by speculative buying and a pause in the dollar's rally, even as inflation data showed slower progress on easing price pressures, indicating fewer rate cuts into next year.
Spot gold XAU= rose 0.2% to $2,602.89 per ounce by 9:54 a.m. ET (1454 GMT), rebounding from a two-month low reached on Tuesday.
For a full report, click on GOL/
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IRON ORE
Iron ore futures traded within a narrow range on Wednesday, as investors weighed hopes of further fiscal support for China's beleaguered property sector against weaker credit lending data from the top consumer.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.2% lower at 762.5 yuan ($105.52) a metric ton.
For a full report, click on IRONORE/
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BASE METALS
Copper prices hit a two-month low on Wednesday as the dollar climbed after the release of key US inflation data while weak demand prospects in top consumer China also dominated the mood.
Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 1.1% at $9,046 a metric ton at 1700 GMT, after hitting an earlier session low at $9,019, a drop of more than 7% since the U.S. presidential election last week.
For a full report, click on MET/L
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OIL
Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China.
Brent LCOc1 futures were 65 cents, or 0.9%, lower at $71.24 a barrel at 1434 GMT, while U.S. West Texas Intermediate (WTI) crude futures CLc1 slipped 54 cents, or 0.8%, at $67.58.
For a full report, click on O/R
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PALM OIL
Malaysian palm oil futures closed down for a second session in a row on Wednesday, dragged down by the heavy losses in prices of rival vegetable oils in Dalian.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange lost 42 ringgit, or 0.84%, to 4,984 ringgit ($1,121.01) a metric ton on the closing.
For a full report, click on POI/
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RUBBER
Japan's rubber futures fell for a fourth session on Wednesday, as tariff threats from U.S. President-elect Donald Trump clouded top consumer China's demand prospects, while Bejing's muted stimulus package also weighed.
The April Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: closed down 2.8 yen, or 0.81%, at 344.0 yen ($2.22) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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