Asia Morning Call-Global Markets
Nov 25 (Reuters) -
Stock Markets | closing level) | Net Chng | Stock Markets | Net Chng | |
S&P/ASX 200** | 8393.8 | 70.8 | NZX 50** | 13041.9 | 276.66 |
DJIA | 44296.51 | 426.16 | NIKKEI** | 38283.85 | 257.68 |
Nasdaq | 19003.651 | 31.231 | FTSE** | 8262.08 | 112.81 |
S&P 500 | 5969.34 | 20.63 | Hang Seng** | 19229.97 | -371.14 |
SPI 200 Fut | 8472 | 52 | STI** | 3746.02 | 6.8 |
SSEC** | 3267.1916 | -103.2123 | KOSPI** | 2501.24 | 20.61 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.08 | -0.015 | KR 10 YR Bond | 10584.47 | 16.1 |
AU 10 YR Bond | 91.746 | 0.2 | US 10 YR Bond | 98.703125 | - |
NZ 10 YR Bond | 98.36 | 0.017 | US 30 YR Bond | 98.46875 | - |
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Currencies | |||||
SGD US$ | 1.3449 | -0.0013 | KRW US$ | 1,402.40 | 3.25 |
AUD US$ | 0.6530 | 0.0029 | NZD US$ | 0.5842 | 0.0009 |
EUR US$ | 1.0417 | -0.0056 | Yen US$ | 154.74 | 0.23 |
THB US$ | 34.42 | -0.28 | PHP US$ | 58.960 | 0.010 |
IDR US$ | 15,870 | -50 | INR US$ | 84.4260 | -0.0690 |
MYR US$ | 4.4650 | 0.0050 | TWD US$ | 32.592 | 0.047 |
CNY US$ | 7.2455 | 0.0087 | HKD US$ | 7.7840 | -0.0001 |
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Commodities | |||||
Spot Gold | 2712.59 | 42.9 | Silver (Lon) | 31.3111 | 0.5265 |
U.S. Gold Fut | 2712.2 | 37.3 | Brent Crude | 75.17 | 0.94 |
Iron Ore | CNY768.50 | -9.5 | TRJCRB Index | - | - |
TOCOM Rubber | 357.4 | 0.9 | Copper | 8972.5 | -36 |
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** indicates closing price
All prices as of 2019 GMT
EQUITIES
GLOBAL - Global stocks registered a strong weekly gain on Friday while U.S. Treasury yields slipped as markets eyed President-elect Donald Trump's likely policies and their impact on the U.S. economy, even as bitcoin traded near the $100,000 threshold.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 0.33% to 854.22 and gained about 1.4% for the week.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street closed higher on Friday, with all three major indexes posting weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.
The Dow Jones Industrial Average .DJI rose 426.16 points, or 0.97%, to 44,296.51, the S&P 500 .SPX gained 20.63 points, or 0.35%, to 5,969.34 and the Nasdaq Composite .IXIC gained 31.23 points, or 0.16%, to 19,003.65.
For a full report, click on .N
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LONDON - European real estate stocks surged, propelling the benchmark index to a one-week high on Friday, while easing of geopolitical tensions also relieved some recent selling pressure.
The pan-European STOXX 600 .STOXX jumped 1.2%, its best daily performance in nearly two months.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average ended higher on Friday after two straight sessions of falls, as chip-related stocks tracked artificial intelligence darling Nvidia higher.
The Nikkei .N225 rose 0.68% to close at 38,283.85 but fell 1.6% for the week.
For a full report, click on .T
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SHANGHAI - China and Hong Kong stocks fell sharply on Friday with blue-chip CSI300 and Shanghai Composite posting their biggest single-day losses since Oct. 9, dragged down by big tech firms' disappointing earnings and investors' fears over U.S. President-elect Donald Trump's future policies on China.
The Shanghai Composite index .SSEC closed 3.06% lower at 3,267.19. The CSI300 index .CSI300 lost 3.1%
For a full report, click on .SS
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AUSTRALIA - Australian shares were likely to open higher on Monday, possibly bolstered by energy and gold stocks on the back of strong underlying prices, while investors await key inflation figures due later in the week.
The local share price index futures YAPcm1 rose 0.6%, a 78.2-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.9% on Friday.
For a full report, click on .AX
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SEOUL - South Korean shares rose on Friday on pledges by major conglomerates to return more to shareholders and posted their best weekly performance in three months.
The benchmark KOSPI .KS11 closed up 20.61 points, or 0.83%, at 2,501.24.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The euro slumped to a two-year low while the dollar gained on Friday after gauges of business activity were released in each region, while bitcoin again hit a record high as it continued its march toward the $100,000 mark.
The dollar index =USD, which measures the greenback against a basket of currencies, rose 0.41% to 107.50.
For a full report, click on USD/
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SHANGHAI - China's yuan edged down to a 3-1/2-month-low against the dollar on Friday, though losses were contained by the continued support offered by the Chinese central bank's daily guidance.
The spot yuan CNY=CFXS opened at 7.2431 per dollar and was last trading 56 pips lower than the previous late session close and 0.74% weaker than the midpoint.
For a full report, click on CNY/
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AUSTRALIA - The New Zealand dollar hit a one-year low on Friday while swap rates fell on growing expectations that the country's central bank could pull the trigger on a super-sized rate cut of 75 basis points (bps) next week.
Against the U.S. dollar, the Aussie AUD=D3 was 0.1% higher at $0.6517 and was set for a weekly gain of 0.8%, well off a three-month low of $0.6441.
For a full report, click on AUD/
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SEOUL - The Korean won was little changed against the dollar on Friday.
The won was quoted at 1,401.8 per dollar on the onshore settlement platform KRW=KFTC, little changed from its previous close at 1,402.0.
For a full report, click on KRW/
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TREASURIES
NEW YORK - Longer-dated U.S. Treasury yields slipped on Friday as investors awaited fresh data that will offer further clues on Federal Reserve policy and continued to assess how the policies of the Donald Trump administration will affect the economy next year.
Yields on benchmark U.S. 10-year notes US10YT=RR were last down 2.4 basis points at 4.408%. They reached 4.505% last Friday, the highest since May 31.
For a full report, click on US/
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LONDON - German short-dated government bond yields and the euro tumbled to their lowest levels in around two years on Friday as markets ramped up European Central Bank interest rate cut bets after data showed a sharp decline in euro area business activity.
Germany's 10-year yield DE10YT=RR, the benchmark for the euro area, was down 4 basis points at 2.28%, after hitting its lowest level since Oct. 21.
For a full report, click on GVD/EUR
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TOKYO - Japan's 10-year government bond yield retreated on Friday from a four-month high, underpinned by the Bank of Japan's bond-buying operation.
The 10-year JGB yield JP10YTN=JBTC fell 1.5 basis points (bps) to 1.08%. It had hit 1.095% in the previous session, its highest since July 25.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices breached the $2,700 threshold for the first time in over two weeks on Friday, on track for their biggest weekly gain in nearly two years, as safe-haven demand outweighed dollar strength and lower expectations of a U.S. rate cut next month.
Spot gold XAU= surged 1.5% at $2,709.24 per ounce by 01:51 p.m. ET (1851 GMT), marking its highest since Nov.6.
For a full report, click on GOL/
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IRON ORE - Iron ore futures fell on Friday amid risk-off sentiment across the financial markets due to the intensifying Ukraine-Russia conflict, but they were on track for a weekly gain on solid demand.
The most-traded January iron ore on China's Dalian Commodity Exchange (DCE) DCIOcv1 traded 1.2% lower at 768.50 yuan ($106.06) per metric ton at the midday break. Still, the contract was up 2.9% for the week.
For a full report, click on IRONORE/
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BASE METALS - Prices for copper and aluminium fell in London on Friday as data showing a tumble in euro-zone business activity weakened the euro, and the dollar's strength weighed on prices for industrial metals.
Three-month copper on the London Metal Exchange CMCU3 was down 0.4% at $8,971 per metric ton by 1654 GMT.
For a full report, click on MET/L
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OIL - Oil prices climbed about 1% on Friday, settling at a two-week high, as the intensifying war in Ukraine this week boosted the market's geopolitical risk premium.
Brent LCOc1 futures rose 94 cents, or 1.3%, to settle at $75.17 a barrel.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures closed lower on Friday to log their sharpest weekly fall in more than a year and a half, weighed down by looming demand worries and weak soybean oil prices.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 132 ringgit, or 2.77%, to 4,640 ringgit ($1,039.19) a metric ton at the close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures dipped as U.S.-China trade tensions weighedon sentiments, countering the boost provided by a weaker yen and stronger oil.
The Osaka Exchange (OSE) rubber contract for April delivery JRUc6, 0#2JRU: closed down 10.9 yen, or 2.97%, at 356.5 yen($2.30) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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