Asia Morning Call-Global Markets
Nov 26 (Reuters) -
Stock Markets | closing level) | Net Chng | Stock Markets | Net Chng | |
S&P/ASX 200** | 8417.6 | 23.8 | NZX 50** | 13196.08 | 154.18 |
DJIA | 44654.71 | 358.2 | NIKKEI** | 38780.14 | 496.29 |
Nasdaq | 19051.15 | 47.499 | FTSE** | 8291.68 | 29.6 |
S&P 500 | 5984.55 | 15.21 | Hang Seng** | 19150.99 | -78.98 |
SPI 200 Fut | 8476 | 24 | STI** | 3731.39 | -14.63 |
SSEC** | 3263.7597 | -3.4319 | KOSPI** | 2534.34 | 33.1 |
----------------------------------------------------------------------------------------
Bonds | Bonds | ||||
JP 10 YR Bond | 1.07 | -0.01 | KR 10 YR Bond | 10625.13 | 40.66 |
AU 10 YR Bond | 92.551 | 0.507 | US 10 YR Bond | 99.71875 | 1 |
NZ 10 YR Bond | 99.216 | -0.057 | US 30 YR Bond | 100.609375 | 2.140625 |
----------------------------------------------------------------------------------------
Currencies | |||||
SGD US$ | 1.3457 | -0.0005 | KRW US$ | 1,399.60 | -2.80 |
AUD US$ | 0.6493 | -0.0009 | NZD US$ | 0.5845 | 0.0012 |
EUR US$ | 1.0498 | 0.0081 | Yen US$ | 154.15 | -0.59 |
THB US$ | 34.65 | 0.23 | PHP US$ | 58.972 | 0.012 |
IDR US$ | 15,865 | -5 | INR US$ | 84.2400 | -0.1860 |
MYR US$ | 4.4480 | -0.0170 | TWD US$ | 32.443 | -0.118 |
CNY US$ | 7.2395 | -0.0060 | HKD US$ | 7.7825 | -0.0016 |
----------------------------------------------------------------------------------------
Commodities | |||||
Spot Gold | 2617.25 | -95.3 | Silver (Lon) | 30.2051 | -1.1046 |
U.S. Gold Fut | 2618.5 | -93.7 | Brent Crude | 73.34 | 1.84 |
Iron Ore | CNY781.5 | 13 | TRJCRB Index | - | - |
TOCOM Rubber | 362.4 | 5.7 | Copper | 9025.5 | 57.5 |
-----------------------------------------------------------------------------------------
** indicates closing price
All prices as of 1827 GMT
EQUITIES
GLOBAL - MSCI's global equities gauge rose and the dollar fell with U.S. government bond yields on Monday as investors welcomed the incoming U.S. President's selection of fund manager Scott Bessent as the next U.S. Treasury Secretary.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 4.80 points, or 0.56%, to 858.93.
For a full report, click on MKTS/GLOB
- - - -
NEW YORK - Wall Street's main indexes climbed on Monday, with the small-cap Russell 2000 index hitting an all-time high after Scott Bessent's nomination as Treasury secretary boosted sentiment and focus turned to ongoing discussions for a Middle East ceasefire.
At 12:12 p.m. the Dow Jones Industrial Average .DJI rose 319.86 points, or 0.72%, to 44,616.37, the S&P 500 .SPX gained 12.27 points, or 0.21%, to 5,981.61 and the Nasdaq Composite .IXIC gained 40.07 points, or 0.21%, to 19,043.72.
For a full report, click on .N
- - - -
LONDON - Europe's main stock index slipped back from a two-week high as gains were limited by a slump in energy stocks, while market sentiment remained optimistic following the nomination of the new U.S. Treasury Secretary and encouraging remarks from the ECB's chief economist regarding monetary policy easing.
The pan-European STOXX 600 .STOXX edged up 0.1% at 509.18 points. It hit a two-week high earlier in the session and logged three consecutive sessions of gains.
For a full report, click on .EU
- - - -
TOKYO - Japan's Nikkei share average ended higher on Monday as local investors found comfort from recent U.S. data that signalled strong business activity in the world's largest economy.
The Nikkei .N225 rose 1.3% to close at 38,780.14 on Monday. The index touched an intraday high of 39,053.64, crossing the 39,000 level for the first time since Nov. 15.
For a full report, click on .T
- - - -
SHANGHAI - China's blue-chip index dropped to a five-week low while Hong Kong shares sank to their lowest in two months on Monday, as fresh U.S. crackdown, a looming trade war and elevated geopolitical tensions sapped already fading risk appetite.
The blue-chip CSI300 Index .CSI300 fell 0.5% to its lowest closing level since Oct. 17. The Shanghai Composite Index .SSEC slipped 0.1% and touched a three-week low.
For a full report, click on .SS
- - - -
AUSTRALIA - Australian shares posted a record closing high on Monday, led by healthcare and technology stocks, as investors cheered the nomination of Scott Bessent as the next U.S. Treasury secretary, expecting he would be a voice for markets.
The S&P/ASX 200 index .AXJO rose 0.3% to 8,417.6, extending its gains to a second session.
For a full report, click on .AX
- - - -
SEOUL - South Korean shares gained on Monday as investors welcomed Donald Trump's nomination of Scott Bessent as U.S. Treasury Secretary, viewing it as a move likely to bring more stability to financial markets. The won strengthened, while the benchmark bond yield fell.
The blue chip KOSPI .KS11 closed up 33.10 points, or 1.32%, at 2,534.34.
For a full report, click on KRW/
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar recoiled from two-year highs on Monday, tracking a sharp decline in U.S. Treasury yields amid trust that Donald Trump's pick for the next U.S. Treasury secretary will promote more fiscal discipline than investors had been fearing.
The dollar index =USD measuring the greenback against a basket of six rival currencies, including the yen and the euro, fell 0.16% to 106.76.
For a full report, click on USD/
- - - -
SHANGHAI - China's yuan firmed on Monday with the dollar slipping after the nomination of prominent fund manager Scott Bessent as U.S. Treasury Secretary undercut Trump trades.
The yuan CNY=CFXS changed hands at 7.2428 around midday, a bit firmer than Friday's close.
For a full report, click on CNY/
- - - -
AUSTRALIA - The Australian dollar got a much needed lift on Monday as the appointment of fund manager Scott Bessent as the next U.S. Treasury secretary cheered the bond market but weighed on the dollar.
The Australian dollar AUD=D3 rose 0.6% to $0.6542, about the highest level in two weeks.
For a full report, click on AUD/
- - - -
SEOUL - The Korean won strengthened against the dollar on Monday.
The won was quoted at 1,402.2 per dollar on the onshore settlement platform KRW=KFTC, 0.30% higher than its previous close at 1,406.4.
For a full report, click on KRW/
- - - -
TREASURIES
NEW YORK - U.S. Treasury yields declined sharply on Monday as investors speculated on a more moderate than feared U.S. fiscal trajectory after hedge fund manager Scott Bessent was nominated as U.S. Treasury secretary by President-elect Donald Trump on Friday.
In early trade on Monday, 10-year yields US10YT=RR stood at around 4.3%, down from 4.41% on Friday.
For a full report, click on US/
- - - -
LONDON - Euro zone bond yields fell on Monday after President-elect Donald Trump picked Scott Bessent as Treasury secretary and as oil prices slipped on reports of a possible ceasefire in the war between Israel and Hezbollah.
Germany's 10-year yield DE10YT=RR, the benchmark for the euro area, was last down 5 basis points at 2.2%, around the lowest in a month.
For a full report, click on GVD/EUR
- - - -
TOKYO - Japan's 10-year government bond yield slipped on Monday, tracking U.S. Treasury bond yield declines following the selection of fund manager Scott Bessent as the next U.S. Treasury secretary.
The 10-year JGB yield JP10YTN=JBTC fell 0.5 basis point (bp) to 1.075%.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices plunged about 3% on Monday, breaking a five-session rally to its highest in nearly three weeks, as reports of Israel nearing a ceasefire with Hezbollah, coupled with Trump's nomination of Scott Bessent as the U.S. Treasury Secretary soured the precious metal's safe-haven appeal.
Spot gold XAU= fell nearly 3% to $2,634.78 per ounce by 10:25 a.m. ET (1525 GMT), its biggest daily percentage decline since Nov.06.
For a full report, click on GOL/
- - - -
IRON ORE - Iron ore futures strengthened on Monday, buoyed by stronger global steel production, although mounting trade tensions surrounding top consumer China capped gains.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.84% higher at 781.5 yuan ($107.88) a metric ton.
For a full report, click on IRONORE/
- - - -
BASE METALS - Copper prices rebounded on Monday from two sessions of losses, buoyed by bargain hunting and increased risk appetite after the choice of fund manager Scott Bessent as U.S. Treasury secretary.
Three-month copper CMCU3 on the London Metal Exchange was up 0.9% at $9,046 a metric ton by 1705 GMT.
For a full report, click on MET/L
- - - -
OIL - Oil prices fell more than 2% on Monday after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing unnamed senior U.S. officials.
Brent crude LCOc1 futures were down 2.45%, or $1.84, at $73.34 a barrel by 11:17 a.m. CST (1717 GMT).
For a full report, click on O/R
- - - -
PALM OIL - Malaysian palm oil futures rose on Monday, rebounding from three consecutive sessions of declines, buoyed by stronger rival oils and expectations that Indonesia might raise its December palm oil export taxes and levies.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 54 ringgit, or 1.16%, to 4,696 ringgit ($1,055.76) per metric ton at the close.
For a full report, click on POI/
- - - -
RUBBER - Japanese rubber futures fell on Monday, as a stronger yen made the commodity less affordable to overseas buyers.
The Osaka Exchange (OSE) rubber contract for April delivery JRUc6, 0#2JRU: closed down 1.2 yen, or 0.34%, at 356.7 yen($2.31) per kg.
For a full report, click on RUB/T
- - - -
(Bengaluru Bureau; +91 80 6749 1130)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
