Asia Morning Call-Global Markets
Dec 16 (Reuters) -
Stock Markets | closing level) | Net Chng | Stock Markets | Net Chng | |
S&P/ASX 200** | 8296 | -34.3 | NZX 50** | 12754.26 | 61.54 |
DJIA | 43828.06 | -86.06 | NIKKEI** | 39470.44 | -378.7 |
Nasdaq | 19926.724 | 23.883 | FTSE** | 8300.33 | -11.43 |
S&P 500 | 6051.09 | -0.16 | Hang Seng** | 19971.24 | -425.81 |
SPI 200 Fut | 8267 | -39 | STI** | 3810.35 | 1.08 |
SSEC** | 3391.8782 | -69.6216 | KOSPI** | 2494.46 | 12.34 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.04 | -0.005 | KR 10 YR Bond | 10287.1 | 23.47 |
AU 10 YR Bond | 93.186 | -0.331 | US 10 YR Bond | 98.84375 | 7.9 |
NZ 10 YR Bond | 99.708 | 0.082 | US 30 YR Bond | 98.375 | 7.9 |
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Currencies | |||||
SGD US$ | 1.3483 | 0.000 | KRW US$ | 1,434.03 | 0.000 |
AUD US$ | 0.6352 | 0.000 | NZD US$ | 0.5769 | 0.0008 |
EUR US$ | 1.0502 | -0.0001 | Yen US$ | 153.69 | 0.05 |
THB US$ | 34.05 | -0.01 | PHP US$ | 58.650 | -0.011 |
IDR US$ | 15,990 | 0.000 | INR US$ | 84.7820 | 0.0010 |
MYR US$ | 4.4470 | -0.003 | TWD US$ | 32.513 | 0.010 |
CNY US$ | 7.2756 | 0.000 | HKD US$ | 7.7757 | 0.000 |
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Commodities | |||||
Spot Gold | 2648.66 | 0.03 | Silver (Lon) | 30.5658 | 0.0008 |
U.S. Gold Fut | 2675.8 | -16.6 | Brent Crude | 74.49 | 0.08 |
Iron Ore | 797.0 | -21.5 | TRJCRB Index | - | - |
TOCOM Rubber | 368.5 | -0.9 | Copper | 9056.5 | -35 |
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** indicates closing price
All prices as of 0630 GMT
EQUITIES
GLOBAL - MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from next week's U.S. Federal Reserve meeting.
MSCI's gauge of stocks across the globe .MIWD00000PUS fell 2.27 points, or 0.26%, to 866.14.
For a full report, click on MKTS/GLOB
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NEW YORK - U.S. stocks closed out the trading week near the unchanged mark in a subdued session on Friday, with the S&P 500 and Dow posting weekly declines, while the Nasdaq secured its fourth consecutive week of gains.
The Dow Jones Industrial Average .DJI fell 86.06 points, or 0.20%, to 43,828.06, the S&P 500 .SPX lost 0.16 point, or 0.00%, to 6,051.09 and the Nasdaq Composite .IXIC gained 23.88 points, or 0.12%, to 19,926.72.
For a full report, click on .N
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LONDON - European stocks slipped on Friday, taking the main benchmark to its first weekly decline in three, as investors sought clarity on the pace of monetary easing in the euro zone next year amid concerns over slowing economic growth and a potential trade war.
The pan-European STOXX 600 index .STOXX lost 0.5% to hit a more-than one-week low and ended the week about 0.8% lower.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average ended lower on Friday, as investors locked in profits following a four-session climb after U.S. economic data raised bets of an interest rate cut by the Federal Reserve next week.
The Nikkei .N225 fell 0.95% to 39,470.44, but gained 1.94% for the week. On Thursday, gains propelled the benchmark index to a two-month high.
For a full report, click on .T
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SHANGHAI - Chinese stocks recorded the heaviest losses in three weeks on Friday after a readout from a major economic policy meeting repeated pledges to issue debt, lower interest rates and support growth but offered nothing new to excite investors.
The Shanghai Composite index .SSEC slipped 2% to 3,391.88 points while the blue-chip CSI300 index .CSI300 slid 2.37%. These were the biggest retreats since late November and wiped out all the earlier gains in the week.
For a full report, click on .SS
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AUSTRALIA - Australian shares hit near four-week closing low on Friday, their fourth consecutive session of losses, dragged down by heavyweight miners, while data centre landlord and operator DigiCo REIT struggled on market debut.
The S&P/ASX 200 index .AXJO declined 0.4% to end at 8,296 points, its lowest since Nov. 15. The benchmark lost 1.5% this week, the worst since early August.
For a full report, click on .AX
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SEOUL - South Korean shares rose for a fourth straight session on Friday on hopes that the political uncertainty would ease after a parliamentary vote this weekend to impeach the president.
The benchmark KOSPI .KS11 closed up 12.34 points, or 0.50%, at 2,494.46, recouping early losses of as much as 0.48%.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next year, while sterling fell after a surprise contraction in UK economic activity.
The dollar index =USD, which measures the currency against six others, was up 0.037% at 107, set for a weekly gain of nearly 1%, its biggest in a month.
For a full report, click on USD/
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SHANGHAI - China's yuan eased against the U.S. dollar on Friday as remarks from the annual economic meeting failed to excite investors, while the dollar reached a 2-1/2-week high.
The spot yuan CNY=CFXS opened at 7.2700 per dollar and was last trading 73 pips lower than the previous late session close at 7.2773 as of 0251 GMT and 1.25% weaker than the midpoint.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars were pinned near multi-month lows on Friday as rising Treasury yields lifted their U.S. counterpart, while the promise of more Chinese stimulus offered only a sliver of support.
This left the Aussie down 0.3% for the week at $0.6367 AUD=D3, and not far from a 13-month low of $0.6337. The next bear target is $0.6271, with resistance at $0.6430.
For a full report, click on AUD/
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SEOUL - The South Korean won weakened against the dollar on Friday.
The won was quoted at 1,433.0 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.17% lower than its previous close at 1,430.5.
For a full report, click on KRW/
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TREASURIES
NEW YORK - Benchmark 10-year U.S. Treasury yields rose to a three-week high on Friday before the Federal Reserve is expected to cut rates next week by 25 basis points and signal it will pause rate cuts as it grapples with inflation running above its 2% annual target.
Benchmark 10-year note yields US10YT=RR were last up 7.9 basis points at 4.403%, the highest since Nov. 22.
For a full report, click on US/
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LONDON - Bund yields were set for their biggest weekly rise since mid-April after the European Central Bank pushed back against hopes for faster rate cuts at its policy meeting on Thursday.
Germany's 10-year government bond yield DE10YT=RR, the euro area's benchmark, rose 6 basis points (bps) to 2.248%, its highest level since Nov. 25. It recorded a 13.5 bps weekly rise, the biggest since mid-April.
For a full report, click on GVD/EUR
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TOKYO - Japan's mid-to-long-term government bond yields fell on Friday as the market saw it as less likely that the Bank of Japan (BOJ) will raise interest rates at its policy meeting next week.
The two-year JGB yield JP2YTN=JBTC fell 1 basis point (bp) to 0.565%. The five-year yield JP5YTN=JBTC fell 2 bps to 0.69%.
For a full report, click on JP/
COMMODITIES
GOLD
Gold prices fell on Friday after bullion hit a more than five-week high in the previous session and as the U.S. dollar gained, but prices were on track for a weekly rise on expectations of a Federal Reserve rate cut next week.
Spot gold XAU= was down 1.1% at $2,652.29 per ounce at 01:43 p.m. ET (1843 GMT), as the U.S. dollar was steady at its highest in more than two weeks.
For a full report, click on GOL/
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IRON ORE
Iron ore futures retreated on Friday, but ended the week higher as investors assessed top consumer China's latest pledge of further stimulus measures to shore up its faltering economy.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.12% lower at 797.0 yuan ($109.50) a metric ton.
For a full report, click on IRONORE/
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BASE METALS
Copper prices came under pressure from a stronger dollar on Friday, but losses were limited due to London Metal Exchange (LME) data showing rising amounts of metal waiting to leave its registered warehouses.
Benchmark copper CMCU3 on the LME was down 0.5% at $9,048 a metric ton at 1705 GMT.
For a full report, click on MET/L
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OIL
Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower interest rates in Europe and the U.S. could boost fuel demand.
Brent LCOc1 futures rose $1.08, or 1.5%, to settle at $74.49 a barrel.
For a full report, click on O/R
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PALM OIL
Malaysian palm oil futures extended losses on Friday, tracking weakness in rival vegetable oils at the Chicago and Dalian exchanges and booked a weekly loss.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 17 ringgit, or 0.35%, to 4,904 ringgit ($1,102.77) a metric ton on the closing.
For a full report, click on POI/
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RUBBER
Japanese rubber futures ticked down on Friday, posting their first weekly loss in three weeks as concerns over weaker seasonal demand outweighed prospects of further monetary stimulus from top consumer China.
The May Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: closed down 2 yen, or 0.54%, at 369.4 yen ($2.42) per kg. The contract shed 2.38% this week, its first weekly fall since Nov. 22.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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