Asia Morning Call-Global Markets
Nov 22 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8323 | -3.3 | NZX 50** | 12765.24 | 28.18 |
DJIA | 43944.81 | 536.34 | NIKKEI** | 38026.17 | -326.17 |
Nasdaq | 18975.577 | 9.434 | FTSE** | 8149.27 | 64.2 |
S&P 500 | 5950.1 | 32.99 | Hang Seng** | 19601.11 | -103.9 |
SPI 200 Fut | 8425 | 78 | STI** | 3739.22 | -4.42 |
SSEC** | 3370.4039 | 2.4146 | KOSPI** | 2480.63 | -1.66 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.095 | 0.03 | KR 10 YR Bond | 10568.37 | 22.8 |
AU 10 YR Bond | 91.508 | 0.184 | US 10 YR Bond | 98.6875 | -0.0625 |
NZ 10 YR Bond | 98.117 | 0.081 | US 30 YR Bond | 98.34375 | -0.171875 |
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Currencies | |||||
SGD US$ | 1.3457 | 0.0032 | KRW US$ | 1399.35 | 1.33 |
AUD US$ | 0.6512 | 0.0009 | NZD US$ | 0.5863 | -0.0012 |
EUR US$ | 1.0479 | -0.0064 | Yen US$ | 154.57 | -0.88 |
THB US$ | 34.70 | 0.03 | PHP US$ | 58.973 | -0.007 |
IDR US$ | 15920 | 60 | INR US$ | 84.4800 | 0.12 |
MYR US$ | 4.4600 | -0.009 | TWD US$ | 32.549 | 0.054 |
CNY US$ | 7.2368 | -0.0091 | HKD US$ | 7.7833 | -0.0002 |
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Commodities | |||||
Spot Gold | 2671.79 | 21.74 | Silver (Lon) | 30.8909 | 0.0295 |
U.S. Gold Fut | 2674.5 | 22.8 | Brent Crude | 73.85 | 0.7599 |
Iron Ore | CNY777.5 | -0.5 | TRJCRB Index | - | - |
TOCOM Rubber | JPY366.5 | -0.9 | LME Copper | 9048 | -41.5 |
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** indicates closing price
All prices as of 2342 GMT
EQUITIES
GLOBAL - An index of global stocks edged higher in choppy trading on Thursday as markets digested lackluster revenue forecasts from artificial-intelligence chipmaker Nvidia, while oil prices climbed amid rising tension from the Russia-Ukraine war.
MSCI's gauge of stocks across the globe .MIWD00000PUS was up 0.14% to 849 after losing ground early in the session.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes were mixed in volatile trading on Thursday, with Alphabet's losses weighing on the benchmark S&P 500 and the Nasdaq, while the blue-chip Dow touched a one-week high, boosted by shares of cloud company Salesforce.
At 11:42 a.m. ET, the Dow Jones Industrial Average .DJI rose 372.11 points, or 0.86%, to 43,780.58, the S&P 500 .SPX gained 18.99 points, or 0.32%, to 5,936.10 and the Nasdaq Composite .IXIC lost 48.96 points, or 0.26%, to 18,917.19.
For a full report, click on .N
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LONDON - Europe's main stock index edged up on Thursday, buoyed by a rally in energy and tech stocks that ended its longest losing streak in more than two months, while geopolitical tensions underpinned demand for safe-haven assets.
The pan-European STOXX 600 index .STOXX was up 0.5%, snapping its four-day losing streak.
For a full report, click on .EU
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TOKYO - Japanese shares closed lower on Thursday as technology stocks tracked the Nasdaq's overnight decline, while financials rose amid bets for a Bank of Japan interest rate hike.
The Nikkei .N225 fell 0.85% to 38,026.17, while the broader Topix .TOPX slipped 0.57% to 2,682.81.
For a full report, click on .T
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SHANGHAI - China and Hong Kong stocks were mixed after a volatile session on Thursday as investors weighed the potential impact of U.S. tariff hikes against expectations of more fiscal stimulus from Beijing.
Both the Shanghai Composite index .SSEC and the blue-chip CSI 300 index .CSI300 added less than 0.1% at close after losing as much as 0.3% in earlier trade.
For a full report, click on .SS
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AUSTRALIA - Australian shares were little changed on Thursday, as gains in banks and gold stocks were offset by losses in investment firm GQG Partners, which dropped after Indian conglomerate Adani Group's chair was indicted in the United States.
The S&P/ASX 200 benchmark index .AXJO closed at 8,323 points, compared to its previous close of 8,326.30.
For a full report, click on .AX
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SEOUL - South Korean shares swung between mild gains and losses before ending flat on Thursday as Nvidia's strong but weaker-than-expected revenue forecast failed to lift sentiment.
The benchmark KOSPI .KS11 closed at 2,480.63.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The dollar rose in choppy trading on Thursday as investors assessed the latest data on the labor market and comments from Federal Reserve officials for the path of interest rates, while bitcoin continued its march toward the $100,000 level.
The dollar index =USD, which measures the greenback against a basket of currencies, rose 0.1% to 106.73, with the euro EUR= down 0.28% at $1.0513.
For a full report, click on USD/
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SHANGHAI - China's yuan consolidated near a 3-1/2-month low against the dollar on Thursday, as investors waited for more clues on U.S. President-elect Donald Trump's proposed policies that could affect the Chinese currency's outlook.
As of 0334 GMT, the onshore yuan CNY=CFXS was 0.06% higher at 7.2415 to the dollar, not far from a 3-1/2-month trough of 7.2476 hit last Thursday.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars were on the back foot again on Thursday as a fledgling rally was foiled by a renewed jump in their U.S. counterpart, while the kiwi felt the added weight of aggressive rate cut wagers.
That left the Aussie at $0.6508 AUD=D3, having dipped 0.4% overnight after failing to clear resistance at $0.6545.
For a full report, click on AUD/
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SEOUL - In offshore trading, the won KRW= was quoted at 1,397.7 per dollar, flat on the day, while its one-month contract in non-deliverable forward trading was quoted at 1,395.8.
The won was quoted at 1,397.5 per dollar on the onshore settlement platform KRW=KFTC, 0.24% higher than its previous close at 1,400.9.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields slipped on Thursday, drawing safe-haven bids on news of a Russian missile attack on Ukraine and after a mixed set of economic data showing the world's largest economy is gradually slowing.
On the short end of the curve, the U.S. two-year note yield US2YT=RR, which typically moves in step with interest rate expectations, slipped 1 bp to 4.298%.
For a full report, click on US/
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LONDON - German government bond yields edged lower and spreads widened with markets weighing geopolitical tensions and awaiting purchasing manager surveys, which could affect expectations for the European Central Bank easing path.
Germany's 10-year yield DE10YT=RR, the benchmark for the euro area, was down 4 basis points to 2.303%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields jumped on Thursday as comments from the Bank of Japan chief raised bets of an early rate hike.
The 10-year JGB yield JP10YTN=JBTC rose 3 bps to 1.095%, its highest since July 25.
For a full report, click on JP/
COMMODITIES
GOLD - Spot gold rose for a fourth consecutive session on Thursday, hitting an over one-week high as safe-haven demand soared following AI bellwether Nvidia's lackluster revenue forecast and intensifying Russia-Ukraine tensions.
Spot gold XAU= was up 0.5% at $2,664.27 per ounce by 12:20 p.m. EST (1720 GMT), while U.S. gold futures GCv1 rose 0.6% to $2,666.80.
For a full report, click on GOL/
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IRON ORE - Iron ore futures climbed on Thursday to their highest levels in more than one week as investors and traders weighed firm near-term demand against high portside stocks, while awaiting new clues on the consumption outlook for top consumer China.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.39% higher at 777.5 yuan ($107.38) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - Copper prices retreated on Thursday on concerns about the latest developments in the war in Ukraine, a firmer dollar and worries about demand in China.
Three-month copper on the London Metal Exchange (LME) CMCU3 was down 0.9% to $9,008 per metric ton at 1700 GMT.
For a full report, click on MET/L
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OIL - Oil climbed more than 1% on Thursday as Russia and Ukraine launched missiles at each other, an escalation of the war that fed supply worries despite a bigger-than-expected increase in U.S. crude inventories.
Brent LCOc1 crude futures rose $1.02, or 1.4%, to $73.85 by 11:30 AM ET (1630 GMT).
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures closed lower for a second consecutive session on Thursday, as fears of U.S. tariffs imposed on China and muted demand for palm sparked a sell-off in the vegetable oils market.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 46 ringgit, or 0.96%, to 4,769 ringgit ($1,069.28) a metric ton at the close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures rose on Thursday on stronger oil prices, but gains were limited by a stronger yen, with market focus on the anticipated fiscal stimulus from top consumer China.
The Osaka Exchange (OSE) rubber contract for April delivery JRUc6, 0#2JRU: closed higher by 3.1 yen, or 0.85%, at 367.4 yen($2.37) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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