Asia Morning Call-Global Markets
Nov 18 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8285.2 | 61.2 | NZX 50** | 12684.88 | −8.06 |
DJIA | 43444.99 | -305.87 | NIKKEI** | 38642.91 | 107.21 |
Nasdaq | 18680.121 | -427.53 | FTSE** | 8063.61 | -7.58 |
S&P 500 | 5870.62 | -78.55 | Hang Seng** | 19426.34 | -9.47 |
SPI 200 Fut | 8296 | -26 | STI** | 3744.7 | 6.54 |
SSEC** | 3330.7263 | -49.1126 | KOSPI** | 2416.86 | -2 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.07 | 0.01 | KR 10 YR Bond | 10495.02 | 7.689 |
AU 10 YR Bond | 91.253 | 0.402 | US 10 YR Bond | 98.65625 | 0.265625 |
NZ 10 YR Bond | 97.55 | 0.081 | US 30 YR Bond | 98.71875 | 0.90625 |
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Currencies | |||||
SGD US$ | 1.3426 | 0 | KRW US$ | 1393.68 | -11.07 |
AUD US$ | 0.6454 | -0.0007 | NZD US$ | 0.5869 | 0.0007 |
EUR US$ | 1.0541 | 0.0011 | Yen US$ | 154.34 | -1.91 |
THB US$ | 34.81 | -0.14 | PHP US$ | 58.730 | 0 |
IDR US$ | 15850 | 0 | INR US$ | 84.4240 | -0.037 |
MYR US$ | 4.4680 | -0.01 | TWD US$ | 32.474 | -0.012 |
CNY US$ | 7.2309 | 0.0037 | HKD US$ | 7.7851 | 0 |
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Commodities | |||||
Spot Gold | 2561.21 | -0.03 | Silver (Lon) | 30.2207 | -0.2393 |
U.S. Gold Fut | 2570.1 | -2.8 | Brent Crude | 71.04 | -1.22 |
Iron Ore | 736.0 | -9.5 | TRJCRB Index | - | - |
TOCOM Rubber | 348.5 | -1.5 | LME Copper | 9067.8 | -19 |
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** indicates closing price
All prices as of 1824 GMT
EQUITIES
GLOBAL - A gauge of global stocks was set for its biggest weekly drop in two months and the 10-year U.S. Treasury yield hit its highest level in 5-1/2 months on Friday as economic data and comments from Federal Reserve officials suggested a slower pace of interest-rate cuts ahead.
MSCI's gauge of stocks across the globe .MIWD00000PUS slumped 8.53 points, or 1.00%, to 842.67.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by U.S. President-elect Donald Trump.
The Dow Jones Industrial Average .DJI fell 305.87 points, or 0.70%, to 43,444.99, the S&P 500 .SPX lost 78.55 points, or 1.32%, to 5,870.62 and the Nasdaq Composite .IXIC dropped 427.53 points, or 2.24%, to 18,680.12.
For a full report, click on .N
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LONDON - Europen shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump's policies on global economies and businesses and a jump in Treasury yields.
The pan-European STOXX 600 index .STOXX dropped 0.8%, trading just above a three-month low hit earlier this week.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average snapped a three-session slide on Friday, as a weaker yen lifted automakers and financials gained after three major banks upgraded their annual profit forecasts.
The Nikkei .N225 closed 0.28% higher at 38,642.91, but lost 2.4% for the week.
For a full report, click on .T
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SHANGHAI - Chinese stocks had their biggest weekly loss since July, while Hong Kong shares erased early gains to end slightly lower on Friday as scepticism that China can mount a sustained economic recovery remained prevalent in the market.
China's blue-chip CSI 300 Index .CSI300 fell 1.8% bringing losses this week to 3.3%, the most since July.
For a full report, click on .SS
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AUSTRALIA - Australian shares rose on Friday but ended the week marginally lower as miners slumped, reflecting dampened investor appetite after the country's top trading partner China unveiled its latest stimulus package.
The S&P/ASX 200 index .AXJO ended the session up 0.7% to 8,279.2 points, led by banking stocks as the local central bank continued to point towards high inflation, scrapping any expectations of an early rate cut.
For a full report, click on .AX
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SEOUL - South Korean shares ended little changed on Friday, as gains in chipmaker Samsung Electronics were offset by battery firms, which fell sharply on a report of U.S. President-elect Donald Trump's plan to scrap subsidies for electric vehicles.
The benchmark KOSPI .KS11 closed down marginally, by 2.00 points, or 0.08%, at 2,416.86, reversing early gains of as much as 1%.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump's policies could be inflationary.
The dollar index is trading around a one-year high against a basket of currencies at 107.07 =USD, having risen nearly 1.65% this week, set for its best performance since September. It was last down 0.19% at 106.68.
For a full report, click on USD/
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SHANGHAI - China's yuan slipped against the dollar on Friday and looked set for the seventh straight weekly drop, the longest such losing streak since 2021, reflecting market worries of fewer Federal Reserve rate cuts and more U.S. tariffs on Chinese goods.
By 0304 GMT, the onshore yuan CNY=CFXS was 0.06% lower at 7.2325 to the dollar. If it finishes the late night session at the midday level, it would have lost 0.6% to the dollar, extending its weekly losing streak to the longest since March 2021.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars nursed bruising losses for the week on Friday as their U.S. counterpart rode a rapid upswing in Treasury yields, which in turn hammered domestic bond markets.
That left the Aussie marooned at $0.6456 AUD=D3, and near a fresh three-month low of $0.6441.
For a full report, click on AUD/
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SEOUL - The won was quoted at 1,398.8 per dollar on the onshore settlement platform KRW=KFTC, 0.26% higher than its previous close at 1,402.5.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields edged higher on Friday, coming off earlier highs that were fueled by data showing retail sales rose more than expected last month and import prices increased in the world's largest economy.
The benchmark 10-year yield inched 1 basis point (bp) to 4.429% US10YT=RR.
For a full report, click on US/
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LONDON - Euro zone borrowing costs steadied on Friday, while U.S. Treasury yields hovered near multi-month highs after hawkish remarks from Federal Reserve Chair Jerome Powell and U.S. data bolstered bets on higher-for-longer U.S. rates.
German 10-year bond yields DE10YT=RR, the benchmark for the euro zone bloc, stood at 2.346%, on track to end a second straight week little changed.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond (JGB) yields rose on Friday, as a weak yen raised bets for a Bank of Japan rate hike, while a hawkish turn by the U.S. Federal Reserve chief hurt sentiment.
The 10-year JGB yield JP10YTN=JBTC touched 1.08%, its highest level since July 25, and was last up 1.5 basis points (bps) at 1.075%.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices on Friday were on track for their biggest weekly decline in over three years as expectations of less aggressive interest rate cuts by the U.S. Federal Reserve lifted the dollar, denting allure for bullion among investors.
Spot gold XAU= lost 0.1% to $2,565.49 per ounce as of 01:44 p.m. ET (1842 GMT).
For a full report, click on GOL/
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IRON ORE - Iron ore futures declined to their lowest level in nearly two months on Friday and fell for the week, weighed down by weakness in China's property sector, stronger supply, and prospects of reduced seasonal steel demand.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 3.09% lower at 736.0 yuan ($101.80) a metric ton, its lowest since Sept. 27.
For a full report, click on IRONORE/
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BASE METALS - Aluminium prices surged on Friday after China said it would cancel export tax rebates, fuelling worries that a heavy flow of shipments abroad may be curbed.
Copper CMCU3 added 0.2% to $9,006 a ton after hitting a three-month low on Thursday.
For a full report, click on MET/L
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OIL - Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts.
Brent crude futures LCOc1 settled down $1.52, or 2.09%, to $71.04 a barrel.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures rose on Friday after three straight sessions of losses, supported by recovery in rival vegetable oils and talks of possible changes in Indonesia's export levy, yet it posted the first weekly decline in four weeks.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 118 ringgit, or 2.38%, to 5,081 ringgit ($1,137.20) a metric ton at closing.
For a full report, click on POI/
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RUBBER - Japanese rubber futures rose on Friday, helped by a weaker yen, but posted their third weekly fall in four amid worries about demand from top consumer China.
he Osaka Exchange (OSE) rubber contract for April delivery JRUc6, 0#2JRU: closed 6 yen, or 1.74%, higher at 350 yen($2.24) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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