Asia Morning Call-Global Markets
Dec 5 (Reuters) -
Stock Markets | closing level) | Net Chng | Stock Markets | Net Chng | |
S&P/ASX 200** | 8495.2 | 47.30 | NZX 50** | 13093.18 | −21.50 |
DJIA | 44726.61 | -55.55 | NIKKEI** | 39248.86 | 735.84 |
Nasdaq | 19446.943 | 42.995 | FTSE** | 8359.41 | 46.52 |
S&P 500 | 6049.27 | 2.12 | Hang Seng** | 19746.32 | 196.03 |
SPI 200 Fut | 8503 | -19 | STI** | 3786.13 | 34.78 |
SSEC** | 3378.8063 | 14.824 | KOSPI** | 2500.1 | 45.62 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.075 | 0 | KR 10 YR Bond | 10831.42 | 11.18 |
AU 10 YR Bond | 93.553 | 0.195 | US 10 YR Bond | 100.390625 | -0.0625 |
NZ 10 YR Bond | 100.661 | -0.125 | US 30 YR Bond | 101.96875 | -0.390625 |
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Currencies | |||||
SGD US$ | 1.3436 | 0.0245 | KRW US$ | 1,420.15 | 125.75 |
AUD US$ | 0.6489 | 0.0018 | NZD US$ | 0.5884 | 0.0000 |
EUR US$ | 0.0031 | 1.0528 | Yen US$ | 149.18 | -0.44 |
THB US$ | 34.29 | -0.14 | PHP US$ | 58.534 | -0.116 |
IDR US$ | 15,935 | 40 | INR US$ | 84.6760 | -0.0640 |
MYR US$ | 4.4670 | 0.0100 | TWD US$ | 32.518 | -0.076 |
CNY US$ | 7.2858 | 0.0144 | HKD US$ | 7.7828 | 0.0013 |
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Commodities | |||||
Spot Gold | 2648.47 | 9.54 | Silver (Lon) | 31.0215 | 0.5194 |
U.S. Gold Fut | 2671.1 | 12.6 | Brent Crude | 72.99 | 1.07 |
Iron Ore | 813.5 | 7.5 | TRJCRB Index | - | - |
TOCOM Rubber | 372 | 1.3 | Copper | 9115.5 | 123 |
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** indicates closing price
All prices as of 0630 GMT
EQUITIES
GLOBAL - Global shares were mixed and the euro was steady on Wednesday as markets digested political turmoil in South Korea, where martial law was imposed then lifted hours later, and in France, where a no-confidence vote looked set to topple the government.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS, which counts Samsung Electronics 005930.KS as one of its top constituents, fell 0.15%. Most Asian markets aside from South Korea rose.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes climbed on Wednesday, with the S&P 500 and the Nasdaq touching record highs driven by gains in technology stocks, while investors awaited comments from U.S. Federal Reserve Chair Jerome Powell later in the day.
At 11:31 a.m. ET, the Dow Jones Industrial Average .DJI rose 235.16 points, or 0.53%, to 44,940.69, the S&P 500 .SPX gained 22.58 points, or 0.37%, to 6,072.46, and the Nasdaq Composite .IXIC added 171.83 points, or 0.88%, to 19,652.74.
For a full report, click on .N
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LONDON - European stocks closed at a one-month high on Tuesday, with Germany's DAX briefly touching the 20,000 mark for the first time, as investors monitored France's political turmoil with the government on the verge of collapse.
The pan-European STOXX 600 .STOXX rose 0.3%, logging its fourth session of gains.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average hit a three-week closing high on Tuesday as heavyweight chip stocks led a broad rally on the back of Wall Street's strong overnight finish.
The Nikkei .N225 closed up 1.9% at 39,248.86 after rallying more than 2% during trade.
For a full report, click on .T
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SHANGHAI - China's main stock indexes initially fell but rallied at the close on Tuesday as chipmakers wobbled after the latest U.S. clampdown and financial firms were strained by the expectation falling interest rates will squeeze returns and margins.
The Shanghai Composite index .SSEC closed up 0.44% at 3,378.81 points while the blue-chip CSI300 index .CSI300 was up 0.11%.
For a full report, click on .SS
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AUSTRALIA - Australian shares were likely to open slightly lower on Wednesday after hitting their all-time high in the previous session, while investors awaited the release of the country's third-quarter growth data later in the day.
The local share price index futures YAPcm1 slid 0.2%, a 6.8-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed 0.6% higher on Tuesday.
For a full report, click on .AX
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SEOUL - South Korea's finance minister said on Wednesday the government would deploy all possible measures to stabilize financial markets if needed after President Yoon Suk Yeol declared martial law in an emergency national address.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The Korean won was one of the biggest movers on Tuesday, plunging against the U.S. dollar after South Korea's president declared martial law in an unannounced late-night address on television.
The dollar, on the other hand, briefly rose after data showed U.S. job openings increased moderately in October while layoffs declined.
For a full report, click on USD/
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SHANGHAI - China's yuan weakened past a key threshold to the lowest level in more than a year against the dollar on Tuesday, pressured by the widening yield gap between the world's two largest economies and U.S. President-elect Donald Trump's renewed tariff threats.
The offshore yuan CNH=D3 breached the psychologically important 7.3 per dollar level
For a full report, click on CNY/
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AUSTRALIA - The Australia and New Zealand dollars were again pressured by a sliding yuan on Tuesday as investors waited to see if Beijing would step up to rescue its currency, while mixed local data provided little lift.
The Aussie AUD=D3 slipped 0.2% to $0.6458, having fallen 0.7% overnight to as low as $0.6443. Support is looking shaky at $0.6434, and resistance is plenty at the 7-, 14- and 21-day moving averages from $0.6490 to $0.6523.
For a full report, click on AUD/
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SEOUL - South Korea's finance minister said on Wednesday the government would deploy all possible measures to stabilize financial markets if needed after President Yoon Suk Yeol declared martial law in an emergency national address.
The Korean won KRW= declined to 1,430 per dollar, the weakest since October 2022, while also falling sharply against the yen to the weakest since May 2023, 961.89 per 100 yen, down 2.5%.
For a full report, click on KRW/
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TREASURIES
NEW YORK - Longer-dated U.S. Treasury yields rose on Tuesday after labor market data showed faster than expected job creation, but demand kept high as investors seeking safe haven from geopolitical uncertainty in Asia bought Treasuries.
The yield on the benchmark U.S. 10-year Treasury note US10YT=TWEB rose 1.1 basis points to 4.205%.
For a full report, click on US/
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LONDON - The risk premium investors demand to hold French debt over German Bunds was close to its highest level in over 12 years on Tuesday, with the French government all but certain to collapse later this week.
The gap between French and German yields DE10FR10=RR – a gauge of the premium investors demand to hold France's debt – tightened by 2.5 basis points (bps) to 84.80 bps, after hitting 90 bps on Monday, its widest since 2012.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond (JGB) yields hovered in a tight range on Tuesday, as an auction for 10-year bonds made few waves amid heightened expectations that the Bank of Japan will raise interest rates this month.
The 10-year JGB yield JP10YTN=JBTC rose to as high as 1.085% but was last flat at 1.075% after the auction
For a full report, click on JP/
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COMMODITIES
GOLD - Gold prices pared gains on Tuesday after a strong U.S. jobs report, while a softer dollar and easing Treasury yields limited losses as markets awaited more economic data to gauge the Federal Reserve's rate path.
Spot gold XAU= was little changed at $2,641.53 per ounce, as of 10:58 a.m. ET (1558 GMT).
For a full report, click on GOL/
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IRON ORE - Dalian iron ore futures prices advanced for a third straight session on Tuesday to the highest in nearly two months amid expectations of more economic stimulus and seasonal restocking from steelmakers in top consumer China.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.5% higher at 813.5 yuan ($111.66) a metric ton, its highest level since Oct. 8.
For a full report, click on IRONORE/
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BASE METALS - Copper prices in London touched their highest in almost two weeks on Tuesday as the dollar weakened, offsetting concern over economic growth in top metals consumer China and uncertainty surrounding trade tariffs.
Three-month copper CMCU3 on the London Metal Exchange was up 1.2% at $9,101.50 a metric ton by 1744 GMT after touching $9,154 for its highest since Nov. 20.
For a full report, click on MET/L
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OIL - Oil prices rose more than 2% on Thursday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week.
Brent crude futures LCOc1 rose by $1.68, or 2.3%, to $73.51 a barrel by 1:08 p.m. ET.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures rose on Tuesday, tracking strength in Dalian palm oil prices and Chicago soyoil, while supply concerns due to floods in peninsular Malaysia and a higher Indonesian export tax and levy in December adding support.
The Bursa Malaysia Derivatives Exchange's benchmark contract FCPOc3 for February delivery was up 121 ringgit or 2.44%, to 5,076 ringgit a metric ton at closing.
For a full report, click on POI/
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RUBBER - Japanese rubber futures climbed on Tuesday after three sessions of decline on concerns of wet weather disrupting global supply and a batch of firmer Chinese economic data.
The May Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: closed up 8.5 yen, or 2.35%, at 370.7 yen ($2.47) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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