Asia Morning Call-Global Markets
Nov 21 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8326.3 | -47.7 | NZX 50** | 12737.06 | −79.26 |
DJIA | 43185.94 | -83 | NIKKEI** | 38352.34 | -62.09 |
Nasdaq | 18838.367 | -149.101 | FTSE** | 8085.07 | -13.95 |
S&P 500 | 5883.89 | -33.09 | Hang Seng** | 19705.01 | 41.34 |
SPI 200 Fut | 8350 | -9 | STI** | 3743.64 | -14.33 |
SSEC** | 3367.9893 | 21.9795 | KOSPI** | 2482.29 | 10.34 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.065 | 0 | KR 10 YR Bond | 10545.57 | 4.25 |
AU 10 YR Bond | 91.303 | -0.159 | US 10 YR Bond | 98.828125 | -0.140625 |
NZ 10 YR Bond | 98.254 | 0.001 | US 30 YR Bond | 98.703125 | -0.21875 |
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Currencies | |||||
SGD US$ | 1.3434 | 0.006 | KRW US$ | 1399.60 | 1399.60 |
AUD US$ | 0.6496 | -0.0035 | NZD US$ | 0.5870 | -0.004 |
EUR US$ | 1.0529 | -0.0066 | Yen US$ | 155.27 | 0.62 |
THB US$ | 34.63 | 0.15 | PHP US$ | 58.980 | 0.12 |
IDR US$ | 15860 | 35 | INR US$ | 84.3380 | -0.052 |
MYR US$ | 4.4690 | -0.002 | TWD US$ | 32.534 | 0.174 |
CNY US$ | 7.2459 | 0.0074 | HKD US$ | 7.7833 | 0.0002 |
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Commodities | |||||
Spot Gold | 2651.79 | 20.11 | Silver (Lon) | 31.0456 | -0.168 |
U.S. Gold Fut | 2655.2 | 24.2 | Brent Crude | 73.30 | -0.1000 |
Iron Ore | CNY774.5 | 1 | TRJCRB Index | - | - |
TOCOM Rubber | JPY368.3 | 4 | LME Copper | 9111.5 | 24 |
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** indicates closing price
All prices as of 1810 GMT
EQUITIES
GLOBAL - Global shares edged lower on Wednesday as markets weighed geopolitical tensions between Russia and the West and as investors eyed upcoming earnings from artificial intelligence powerhouse Nvidia, while bitcoin hit a new record high and the dollar rose.
The MSCI All-World index .MIWD00000PUS was down 0.67% to 843.52, with European shares .STOXX also dropping 0.1%.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes dropped on Wednesday, as continued escalation of Russia-Ukraine tensions worried investors, while megacap Nvidia lost ground ahead of quarterly results.
At 10:55 a.m. the Dow Jones Industrial Average .DJI fell 40.15 points, or 0.09%, to 43,228.79, the S&P 500 .SPX lost 30.00 points, or 0.51%, to 5,886.98 and the Nasdaq Composite .IXIC lost 123.86 points, or 0.65%, to 18,863.61.
For a full report, click on .N
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LONDON - Europe's main stock index closed flat after a volatile session on Wednesday as investors remained on edge over geopolitical tensions between Ukraine and Russia which continued to cast a shadow over the markets.
The pan-European STOXX 600 .STOXX held its ground at 500.53 points.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average fell on Wednesday as caution set in ahead of U.S. AI darling Nvidia's results and outlook later in the day, which some fear could be below market expectation.
The Nikkei .N225 finished 0.2% lower at 38,352.34, while the broader Topix .TOPX closed down 0.4% at 2,698.29.
For a full report, click on .T
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SHANGHAI - China and Hong Kong stocks edged higher in volatile trading on Wednesday, with mainland shares supported by AI stocks ahead of Nvidia's earnings later in the day, while investors remained cautious amid steady lending rates.
The blue-chip CSI300 index .CSI300 ended up 0.22%, with the consumer staples sector .CSI000912 and the healthcare sub-index .CSI300HC closing 0.37% and 2.13% higher, respectively.
For a full report, click on .SS
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AUSTRALIA - Australian shares pulled back on Wednesday from a record high hit in the last session, as losses in banks eclipsed gains in gold miners, while investors fretted over an escalation in the Ukraine-Russia war and caution set in ahead of Nvidia's results.
The benchmark index S&P/ASX 200 .AXJO closed 0.6% lower at 8,326.3. The index had hit an all-time high of 8,446.40 on Tuesday.
For a full report, click on .AX
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SEOUL - South Korean shares closed higher on Wednesday as investors waited for Nvidia, the world's most valuable company, to report its quarterly earnings later in the day for further cues on global AI chip demand.
The KOSPI .KS11 closed up 10.34 points, or 0.42%, at 2,482.29.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar rose on Wednesday, restarting its post-election rally after a three-session decline as investors looked for more insight on the Federal Reserve's plans for interest rates and U.S. President-elect Donald Trump's proposed policies.
The dollar index =USD, which measures the greenback against a basket of currencies, rose 0.53% to 106.66, with the euro EUR= down 0.56% at $1.0536.
For a full report, click on USD/
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SHANGHAI - China's yuan held steady on Wednesday with the dollar retreating from one-year highs as traders tried to come to grips with the sharp escalation in the Russia-Ukraine conflict.
The spot yuan CNY=CFXS opened at 7.2366 per dollar and was last trading 14 pips lower than the previous close at 7.2409 as of 0258 GMT and 0.66% weaker than the midpoint.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars were battling to extend a rally to a fourth session on Wednesday as the U.S. dollar gave back a little of its recent bumper gains.
The Aussie edged up 0.2% to $0.6541 AUD=D3, after rising 0.4% overnight and further away from the recent three-month low of $0.6443. Resistance now comes in at $0.6545 and $0.6630.
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 1,390.9 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.15% higher than Tuesday's close at 1,393.0.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields moved higher on Wednesday and benchmark 10-year yields consolidated near a more than five-month high as investors weighed when the Federal Reserve may pause its interest rate cutting cycle as U.S. economic growth remains above expectations.
Benchmark 10-year note yields US10YT=RR were last up 4.9 basis points at 4.428%.
For a full report, click on US/
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LONDON - Euro zone bond yields bounced around on Wednesday as investors reacted to ongoing tensions between Russia and Ukraine and its Western allies, as well as wage data for the bloc.
The German 10-year bond yield DE10YT=RR, the benchmark for the euro zone, was last up 1 basis point (bps) at 2.35% on Wednesday, and the two year yield was flat at 2.138%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond (JGB) yields struggled for direction on Wednesday, as concerns about another rate hike as soon as December limited safe-haven bids following Ukraine's strike against Russia overnight.
It was last flat at 1.065%, while 10-year JGB futures 2JGBv1 were down 0.01 point at 142.88 yen.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices climbed for a third consecutive session to mark a one-week high on Wednesday, as investors sought refuge in the safe-haven metal amid mounting geopolitical unease fueled by escalating Russia-Ukraine tensions.
Spot gold XAU= was up 0.6% at $2,646.79 per ounce as of 10:23 a.m. EST (1523 GMT), after hitting its highest level since Nov. 11 earlier in the session.
For a full report, click on GOL/
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IRON ORE - Dalian iron ore futures prices rose for a third straight session on Wednesday, supported by resilient steel demand and persistent hopes of further economic stimulus in top consumer China.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.11% higher at 774.5 yuan ($106.96) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - Copper prices drifted higher on Wednesday, rising for a fourth session in calmer markets after Russia's foreign minister played down a nuclear threat and as prices found technical support, though a stronger dollar capped gains.
Three-month copper on the London Metal Exchange (LME) CMCU3 was up 0.1% at $9,092 per metric ton by 1700 GMT.
For a full report, click on MET/L
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OIL - Oil traded flat on Wednesday as the war between major oil producer Russia and Ukraine intensified, offsetting a rise in U.S. crude and gasoline stocks.
Brent LCOc1 crude futures for January were down 1 cent, or 0.01%, at $73.30 a barrel by 12:19 p.m. ET (1719 GMT).
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures fell more than 2% on Wednesday, weighed down by sluggish exports demand and weaker Chicago soyoil prices.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 107 ringgit, or 2.17%, to 4,817 ringgit ($1,077.87) a metric ton at the close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures rose on Wednesday as a weaker yen and stronger oil prices boosted market sentiment.
The Osaka Exchange (OSE) rubber contract for April delivery JRUc6, 0#2JRU: closed up 9.8 yen, or 2.76%, at 364.3 yen($2.34) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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