Asia Morning Call-Global Markets
Nov 27 (Reuters) -
Stock Markets | closing level) | Net Chng | Stock Markets | Net Chng | |
S&P/ASX 200** | 8359.4 | -58.2 | NZX 50** | 13113.76 | −82.32 |
DJIA | 44818.76 | 82.19 | NIKKEI** | 38442 | -338.14 |
Nasdaq | 19141.171 | 86.336 | FTSE** | 8258.61 | -33.07 |
S&P 500 | 6014.25 | 26.88 | Hang Seng** | 19159.2 | 8.21 |
SPI 200 Fut | 8424 | 37 | STI** | 3712.39 | -19 |
SSEC** | 3259.7572 | -4.0025 | KOSPI** | 2520.36 | -13.98 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.06 | -0.01 | KR 10 YR Bond | 10653.17 | 28.04 |
AU 10 YR Bond | 92.506 | 0.124 | US 10 YR Bond | 99.546875 | -0.34375 |
NZ 10 YR Bond | 99.75 | -0.017 | US 30 YR Bond | 100.28125 | -0.59375 |
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Currencies | |||||
SGD US$ | 1.3473 | 0.0017 | KRW US$ | 1,396.82 | -1.24 |
AUD US$ | 0.6458 | -0.0044 | NZD US$ | 0.5826 | -0.0019 |
EUR US$ | 1.0473 | -0.0021 | Yen US$ | 153.11 | -1.09 |
THB US$ | 34.65 | 0.07 | PHP US$ | 58.920 | -0.030 |
IDR US$ | 15,925 | 60 | INR US$ | 84.2690 | 0.0090 |
MYR US$ | 4.4550 | 0.0070 | TWD US$ | 32.491 | 0.058 |
CNY US$ | 7.2520 | 0.0125 | HKD US$ | 7.7824 | 0.0006 |
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Commodities | |||||
Spot Gold | 2629.44 | 4.18 | Silver (Lon) | 30.49 | 0.1969 |
U.S. Gold Fut | 2630.2 | 11.7 | Brent Crude | 72.81 | -0.20 |
Iron Ore | CNY783.0 | 1.5 | TRJCRB Index | - | - |
TOCOM Rubber | 366 | 1 | Copper | 8962.5 | -83 |
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** indicates closing price
All prices as of 2012 GMT
EQUITIES
GLOBAL - MSCI's global equity index was down slightly on Tuesday and the U.S dollar rose after U.S. President-elect Donald Trump's pledge to put tariffs on all imports from Canada and Mexico, and extra tariffs on China.
MSCI's gauge of stocks across the globe .MIWD00000PUS fell 0.73 point, or 0.09%, to 857.02.
For a full report, click on MKTS/GLOB
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NEW YORK - The benchmark S&P 500 and the Nasdaq extended recent gains on Tuesday, as technology stocks rebounded, while investors digested President-elect Donald Trump's tariff pledges on top trade partners and the latest minutes from the Federal Reserve.
At 2:11 p.m. EST the Dow Jones Industrial Average .DJI fell 15.74 points, or 0.04%, to 44,720.83, the S&P 500 .SPX gained 24.38 points, or 0.41%, to 6,011.75 and the Nasdaq Composite .IXIC gained 96.90 points, or 0.51%, to 19,152.47.
For a full report, click on .N
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LONDON - European stocks fell across the board, led by automakers, as Donald Trump's tariff threat on the United States' largest trading partners prompted worries about another global trade war.
The pan-European STOXX 600 .STOXX was down 0.5%, snapping a three-day winning streak, with concerns over tariffs re-stoking global inflation and weighing on monetary-policy easing also dampening investors' mood.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average declined on Tuesday as the market weighed U.S. President-elect Donald Trump's pledge to impose tariffs on all imports from Canada and Mexico, along with additional tariffs on China.
The Nikkei index .N225 closed0.9% lower at 38,442, after sliding nearly 2% during morning trade.
For a full report, click on .T
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SHANGHAI - China stocks closed slightly lower on Tuesday, while Hong Kong shares ended almost flat, as market participants digested U.S. President-elect Donald Trump's fresh tariff vows against China, which were largely anticipated.
China's blue-chip CSI300 Index .CSI300 and the Shanghai Composite Index .SSEC fell 0.2% and 0.1%, respectively.
For a full report, click on .SS
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AUSTRALIA - Australian shares were poised to open higher on Wednesday while investors braced themselves ahead of the local inflation print due later in the day.
The local share price index futures YAPcm1 rose 0.5%, a 67.6-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended 0.7% lower on Tuesday.
For a full report, click on .AX
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SEOUL - South Korean shares fell on Tuesday as U.S. President-elect Donald Trump's pledge to impose tariffs weighed on investor sentiment.
The benchmark KOSPI .KS11 tumbled 0.9% during the day, but cut losses on views that Trump's comments suggested the tariffs would more likely be bargaining chips and closed down 13.98 points, or 0.55%, at 2,520.36.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - A pledge by President-elect Donald Trump to impose tariffs on products from Canada, Mexico and China sent their currencies lower against the dollar on Tuesday, renewing the specter of trade wars and fanning uncertainty in other currency pairs.
The dollar index =USD measuring the greenback against six rival currencies, including the euro and the yen, was at 107.15, up versus 106.86 late Monday.
For a full report, click on USD/
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SHANGHAI - The yuan fell against the U.S. dollar to its weakest in nearly four months after U.S. President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China.
The spot yuan CNY=CFXS opened at 7.2524 per dollar and was last trading 105 pips lower than the previous late session close at 7.2553 as of 0239 GMT.
For a full report, click on CNY/
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AUSTRALIA - The Australian dollar took a beating on Tuesday as U.S. President-elect Donald Trump stepped up his threat to slap hefty tariffs on Canada, Mexico and China, sending the greenback sharply higher.
The Aussie AUD=D3 plunged 1% to $0.6438, the lowest since early August and breaking a key support level 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 Tuesday.
The won was quoted at 1,398.2 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.06% higher than its previous close at 1,399.0.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury long-term yields rose on Tuesday, as a sharp bond rally lost momentum and investors assessed U.S. President-elect Donald Trump's tariff pledges.
Benchmark 10-year yields US10YT=RR were last seen at 4.306%, up from 4.263% on Monday.
For a full report, click on US/
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LONDON - Euro zone government bond yields hit multi-week lows on Tuesday, while a key inflation gauge dropped below the European Central Bank's 2% target ahead of price data later this week.
Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone bloc, was last up 0.5 basis points (bps) at 2.21%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond (JGB) yields declined on Tuesday, tracking an overnight fall in U.S. Treasury yields as investors awaited fresh market signals.
The 10-year JGB yield JP10YTN=JBTC was last down 1 basis point (bp) at 1.06%.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices were caught in a tug-of-war on Tuesday, dipping to a week's low as safe-haven demand softened as Israel agreed to a ceasefire deal with Lebanon, while concern over Ukraine and U.S. President-elect Donald Trump's tariff plans limited declines.
Spot gold XAU= was steady at $2,626.83 per ounce as of 02:07 p.m. ET (1906 GMT), erasing some of the earlier losses when prices hit their lowest since Nov. 18.
For a full report, click on GOL/
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IRON ORE - Iron ore futures traded in a narrow range on Tuesday as a softer yuan bolstered hopes of a rate cut by China's central bank while higher tariffs loomed after a pledge by U.S. President-elect Donald Trump.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.32% higher at 783.0 yuan ($107.90) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - Copper prices dropped on Tuesday after incoming U.S. President Donald Trump provided details of proposed tariffs on top metals consumer China, which were lower than expected.
Three-month copper on the London Metal Exchange (LME) CMCU3 was down 0.7% at $8,985 per metric ton by 1700 GMT, paring losses after touching an inter-day low of $8,958.
For a full report, click on MET/L
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OIL - Oil prices settled lower on Tuesday, extending Monday's losses in choppy trade after Israel agreed to a ceasefire deal with Lebanon, reducing oil's risk premium.
Brent crude futures LCOc1 settled down 20 cents, or 0.27%, to $72.81 a barrel.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures rose for a second consecutive session on Tuesday, supported by firmer rival soyoil prices and anticipation of production declines in Malaysia.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 35 ringgit or 0.74%, to 4,734 ringgit ($1,062.63) a metric ton at the close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures climbed up Tuesday, buoyed by a pick up in global oil prices, but supply pricing concerns and a rally in yen capped gains.
The Osaka Exchange (OSE) rubber contract for May delivery JRUc6, 0#2JRU: closed up 8.3 yen, or 2.33%, at 365 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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