Asia Morning Call-Global Markets
Nov 19 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8300.2 | 15 | NZX 50** | 12764.65 | 79.77 |
DJIA | 43452.25 | 7.26 | NIKKEI** | 38220.85 | -422.06 |
Nasdaq | 18791.203 | 111.082 | FTSE** | 8109.32 | 45.71 |
S&P 500 | 5896.83 | 26.21 | Hang Seng** | 19576.61 | 150.27 |
SPI 200 Fut | 8351 | 15 | STI** | 3732.55 | -12.15 |
SSEC** | 3323.8486 | -6.8777 | KOSPI** | 2469.07 | 52.21 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.07 | 0 | KR 10 YR Bond | 10508.49 | 13.471 |
AU 10 YR Bond | 91.309 | 0.2 | US 10 YR Bond | 98.609375 | 0.015625 |
NZ 10 YR Bond | 97.905 | 0.113 | US 30 YR Bond | 98.265625 | -0.125 |
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Currencies | |||||
SGD US$ | 1.3391 | -0.0011 | KRW US$ | 1393.03 | -0.65 |
AUD US$ | 0.6503 | 0.0042 | NZD US$ | 0.5886 | 0.0022 |
EUR US$ | 1.0587 | 0.0046 | Yen US$ | 154.76 | 0.44 |
THB US$ | 34.54 | -0.25 | PHP US$ | 58.689 | -0.041 |
IDR US$ | 15845 | -5 | INR US$ | 84.4000 | -0.024 |
MYR US$ | 4.4780 | 0.01 | TWD US$ | 32.475 | -0.011 |
CNY US$ | 7.2364 | 0.0055 | HKD US$ | 7.7841 | -0.001 |
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Commodities | |||||
Spot Gold | 2611.1521 | 49.9121 | Silver (Lon) | 31.1632 | 0.9502 |
U.S. Gold Fut | 2615.7 | 45.6 | Brent Crude | 73.04 | -1.80 |
Iron Ore | CNY761 | 5 | TRJCRB Index | - | - |
TOCOM Rubber | JPY346 | -2 | LME Copper | 9087 | 84.5 |
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** indicates closing price
All prices as of 1815 GMT
EQUITIES
GLOBAL - Global shares edged higher in choppy trading on Monday while the U.S. dollar fell but still traded near one-year highs as markets pared expectations of future interest-rate cuts by the Federal Reserve.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 1.39 points, or 0.17%, to 844.01.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes were mixed on Monday, as investors looked ahead to earnings from AI-chip leader Nvidia following a rout the previous week on apprehensions about Donald Trump's cabinet appointments and the central bank's policy path.
The Dow Jones Industrial Average .DJI fell 35.21 points, or 0.08%, to 43,409.78, the S&P 500 .SPX rose 5.59 points, or 0.10%, to 5,876.21 and the Nasdaq Composite .IXIC gained 44.44 points, or 0.24%, to 18,724.56.
For a full report, click on .N
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LONDON - European shares kicked off the week on a dour note, weighed down by declines in real estate stocks, while investors studied speeches from European Central Bank policymakers to assess the future direction of interest rates.
The continent-wide STOXX 600 index .STOXX closed 0.1% lower at 502.61 points.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average fell on Monday, taking cues from losses on Wall Street at the end of last week, after Bank of Japan chief Kazuo Ueda failed to offer strong hints on the timing of additional interest rate hikes.
The Nikkei .N225 ended the day down 1.09% at 38,220.85.
For a full report, click on .T
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SHANGHAI - China stocks fell to near two-week lows on Monday while Hong Kong shares pared gains as initial optimism from market-friendly policies was offset by downgrades from Wall Street banks.
China's blue-chip CSI300 Index .CSI300 ended the session down 0.5% while the Shanghai Composite Index .SSEC fell 0.2%. Both the indexes reversed early gains and fell for the third day in a row.
For a full report, click on .SS
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AUSTRALIA - Australian shares edged higher on Monday fuelled by a jump in resources-focused stocks which benefited from strong prices, while the country's corporate regulator sued National Australia Bank NAB.AX for ignoring hardship application deadlines.
The S&P/ASX 200 index .AXJO closed 0.2% higher at 8,300.2 points.
For a full report, click on .AX
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SEOUL - South Korean shares rose more than 2% on Monday to log the sharpest daily jump in about two months, as market heavyweight Samsung Electronics advanced 6% on plans to buy back shares.
The benchmark KOSPI .KS11 closed up 52.21 points, or 2.16%, at 2,469.07.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The dollar advanced against the yen on Monday to resume its recent upward trend after Japan's top central bank official signaled further monetary policy tightening was likely, but was vague on the timing of any such hike.
The dollar index =USD, which measures the greenback against a basket of currencies including, fell 0.14% to 106.58, with the euro EUR= up 0.19% at $1.056.
For a full report, click on USD/
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SHANGHAI - China's yuan was steady on Monday as the dollar's furious rally took a breather, while the Chinese central bank renewed its support through its regular market guidance and some signs of green shoots in the economy helped rein in the currency's fall.
The yuan CNY=CFXS was fetching 7.2354 per dollar around midday, little changed from Friday's close of 7.2288.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars bounced versus the yen on Monday as Japan's top central banker flagged further policy tightening but left open the question of timing, disappointing policy hawks.
The Aussie AUD=D3 edged 0.1% higher to $0.6473 on Monday, having ended last week down 1.8% in the biggest weekly drop in four months.
For a full report, click on AUD/
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SEOUL - The won strengthened, while the benchmark bond yield fell.
The won was quoted at 1,395.2 per dollar on the onshore settlement platform KRW=KFTC, 0.31% higher than its previous close at 1,399.5.
For a full report, click on KRW/
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TREASURIES
NEW YORK - Longer-dated U.S. Treasury yields edged higher on Monday as traders digested a still-strong U.S. economy and the likely policies of a Donald Trump administration after Republicans won the presidency and control of Congress.
Benchmark 10-year note yields US10YT=RR were last up 2.5 basis points on the day at 4.451%.
For a full report, click on US/
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LONDON - Euro zone government borrowing costs rose on Monday as U.S. Treasury yields hovered around multi-month highs and markets waited for economic data which could adjust expectations for the European Central Bank's policy rates.
Germany's 10-year government bond yield DE10YT=RR, the benchmark for the euro area, was up 2 bps at 2.38%, while the Italian equivalent IT10YT=RR, the benchmark for the euro area periphery, rose 2 bps to 3.57%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields fluctuated in narrow ranges on Monday as a closely watched speech and subsequent news conference by Bank of Japan Governor Kazuo Ueda failed to provide fresh clues on the pace of interest-rate hikes.
Benchmark 10-year JGB futures 2JGBv1 rose 0.03 yen to 142.85, after alternating between small gains and losses during the session.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices soared on Monday, after six days of losses, as the U.S. dollar's surge stalled and heightened uncertainty over the Russia-Ukraine conflict rekindled safe-haven demand.
Spot gold XAU= jumped 1.9% to $2,608.88 per ounce by 10:17 a.m. ET (1517 GMT), moving away from a two-month low on Thursday. U.S. gold futures GCv1 climbed 1.7% to $2,613.40.
For a full report, click on GOL/
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IRON ORE - Prices of iron ore futures clawed up towards the psychological level of $100 a metric ton on Monday, underpinned by firm near-term demand and revived hopes of further economic stimulus from top consumer China.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.87% higher at 761 yuan ($105.08) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - Copper prices rebounded on Monday as the dollar weakened, but the upside was limited due to uncertainty about potential U.S. tariffs and Chinese stimulus.
Three-month copper CMCU3 on the London Metal Exchange (LME) gained 0.8% at $9,070 a metric ton by 1710 GMT, having shed 11% since touching a four-month high on Sept. 30.
For a full report, click on MET/L
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OIL - Oil prices gained about $2 a barrel on Monday after news of halted crude production at Norway's Johan Sverdrup oilfield, which added to earlier gains stemming from escalation in the Russia-Ukraine war.
Brent crude futures LCOc1 were up $2, or 2.8%, to $73.04 a barrel at 11:55 a.m. EST (1655 GMT), while U.S. West Texas Intermediate crude futures CLc1 were at $68.90 a barrel, up $1.88, or 2.8%.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures fell more than 3% on Monday, weighed down by weakness in the Dalian palm olein.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 153 ringgit, or 3.03%, to 4,900 ringgit ($1,094.24) a metric ton at the close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures fell on Monday, tracking weak Shanghai prices amid concerns over sluggish economic growth in top buyer China, though a weaker yen and stronger oil prices limited losses.
The Osaka Exchange (OSE) rubber contract for April delivery JRUc6, 0#2JRU: closed down 2 yen, or 0.57%, at 348 yen ($2.25) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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