Asia Morning Call-Global Markets
Dec 17 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8249.5 | -46.5 | NZX 50** | 12797.33 | 43.07 |
DJIA | 43787.79 | -40.27 | NIKKEI** | 39457.49 | -12.95 |
Nasdaq | 20165.29 | 238.566 | FTSE** | 8262.05 | -38.28 |
S&P 500 | 6080.89 | 29.82 | Hang Seng** | 19795.49 | -175.75 |
SPI 200 Fut | 8265 | 7 | STI** | 3821.03 | 10.68 |
SSEC** | 3386.3312 | -5.547 | KOSPI** | 2488.97 | -5.49 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.065 | 0.03 | KR 10 YR Bond | 10242.83 | -44.27 |
AU 10 YR Bond | 93.249 | -0.115 | US 10 YR Bond | 98.796875 | -0.015625 |
NZ 10 YR Bond | 99.413 | -0.008 | US 30 YR Bond | 98.1875 | 0.03125 |
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Currencies | |||||
SGD US$ | 1.3500 | 0.0009 | KRW US$ | 1,437.67 | 3.64 |
AUD US$ | 0.63710 | 0.00051 | NZD US$ | 0.5778 | 0.0017 |
EUR US$ | 1.0511 | 0.0009 | Yen US$ | 154.11 | 0.46 |
THB US$ | 34.07 | 0.01 | PHP US$ | 58.833 | 0.172 |
IDR US$ | 15,995 | 5 | INR US$ | 84.8900 | 0.1080 |
MYR US$ | 4.4500 | 0.0030 | TWD US$ | 32.509 | 0.010 |
CNY US$ | 7.1490 | 0.13 | HKD US$ | 7.7749 | -0.0002 |
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Commodities | |||||
Spot Gold | 2651.69 | 3.3 | Silver (Lon) | 30.5375 | -0.025 |
U.S. Gold Fut | 2669.2 | -6.6 | Brent Crude | 74.10 | -0.39 |
Iron Ore | CNY802.5 | 5.5 | TRJCRB Index | - | - |
TOCOM Rubber | JPY371.6 | -1.3 | LME Copper | 9069.5 | 17 |
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** indicates closing price
All prices as of 1806 GMT
EQUITIES
GLOBAL - Wall Street stocks inched higher in contrast to world shares on Monday as U.S. Treasury yields eased and investors readied for a busy central bank week.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 2.05 points, or 0.24%, to 868.19.
For a full report, click on MKTS/GLOB
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NEW YORK - The S&P 500 and the Nasdaq rose on Monday, as investors looked ahead to an anticipated Federal Reserve interest rate cut later in the week as well as several key data releases for clues on monetary policy next year.
At 12:13 p.m. the Dow Jones Industrial Average .DJI fell 5.04 points, or 0.01%, to 43,823.02, the S&P 500 .SPX gained 24.04 points, or 0.40%, to 6,075.13 and the Nasdaq Composite .IXIC gained 181.44 points, or 0.91%, to 20,108.16.
For a full report, click on .N
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LONDON - European shares closed lower on Monday, bogged down by heavyweight luxury and energy shares after disappointing China data, while French stocks underperformed after a surprise ratings downgrade by Moody's.
The pan-European STOXX 600 index .STOXX closed 0.1% lower, trading near two-week lows, with autos .SXAP the top sector decliner by percentage, down 2.8%.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average ticked lower to close nearly flat on Monday, as caution ahead of major central bank meetings this week largely trumped a rise in heavyweight chip-related shares.
The Nikkei .N225 erased early gains to close down 0.03% at 39,457.49.
For a full report, click on .T
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SHANGHAI - Chinese stocks extended their fall on Monday after data showed unexpected weakness in consumer spending, while investors anticipated central bank cuts amid a policy vacuum.
China's blue-chip CSI300 .CSI300 index declined 0.54% at close, adding to last week's 1% retreat. The Shanghai Composite index .SSEC lost 0.16% to 3,386.33.
For a full report, click on .SS
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AUSTRALIA - Australian shares extended losses to the fifth straight session to fall to a one-month closing low on Monday, with commodity stocks dragging down the resource-heavy bourse, while investors awaited the U.S. Federal reserve's policy meeting this week.
The S&P/ASX 200 index .AXJO slipped 0.6% to end at 8,249.5 points, its lowest closing level since Nov. 18.
For a full report, click on .AX
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SEOUL - South Korean shares closed slightly lower on Monday, snapping four sessions of gains as investors shifted focus to the U.S. Federal Reserve's policy meeting this week amid eased political tensions at home.
The benchmark KOSPI .KS11 closed down 5.49 points, or 0.22%, at 2,488.97.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar advanced against major currencies on Monday, hovering near a three-week high,as markets await the Federal Reserve and other key central bank meetings this week for clues on the likely path of interest rates in 2025.
The U.S. dollar index =USD - which tracks the currency against six others - was up 0.08% at 106.95
For a full report, click on USD/
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SHANGHAI - The yuan dipped slightly against the dollar on Monday as China's central bank pledged to keep the currency stable and set firm guidance amid sliding Chinese bond yields and signs of capital outflows.
The yuan changed hands at 7.2792 per dollar in late morning trade on Monday, slightly weaker than Friday's close.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars were constrained by elevated bond yields on Monday as markets pondered the outlook for U.S. policy easing beyond this week, while data from China were mixed, providing little lift.
The Aussie AUD=D3 was flat at $0.6361, having fallen 0.4% last week to as far as $0.6337, the lowest in over a year.
For a full report, click on AUD/
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SEOUL - The South Korean won weakened against the dollar on Monday.
The won was quoted at 1,436.4 per dollar on the onshore settlement platform KRW=KFTC, 0.08% lower than its previous close at 1,435.2.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields dipped on Monday as investors waited for the Federal Reserve’s interest rate decision due on Wednesday, when the U.S. central bank is expected to cut rates by 25 basis points and signal that it will pause its policy easing cycle.
Benchmark 10-year note yields US10YT=RR were last down 2.4 basis points at 4.375%.
For a full report, click on US/
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LONDON - Euro zone government bond yields held steady on Monday through a barrage of European economic data which continued to point to a tepid economy and dwindling inflation.
Germany's 10-year bond yield DE10YT=RR, the euro zone benchmark, dropped one basis point (bp) to 2.24%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields rose on Monday, tracking U.S. Treasury yields as investors awaited monetary policy decisions by the Federal Reserve and the Bank of Japan (BOJ) later this week.
The 10-year JGB yield JP10YTN=JBTC climbed 3 basis points to 1.065%.
For a full report, click on JP/
COMMODITIES
GOLD
Spot gold prices gained on Monday, supported by ongoing geopolitical concerns and a softer dollar, as markets awaited the Federal Reserve’s policy meeting, where a third rate cut and clues on the 2025 outlook are expected.
Spot gold XAU= was up 0.1% at $2,651.48 per ounce as of 01:04 p.m. ET (1804 GMT). U.S. gold futures GCv1 slipped 0.3% to $2,668.80.
For a full report, click on GOL/
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IRON ORE
Prices of iron ore futures rebounded on Monday, as a revival of hopes for monetary easing in top consumer China outweighed faltering near-term demand and bleak property data that had sent prices to the lowest levels in one week earlier.
The most-traded January iron ore contract on China's Dalian Commodity Exchange DCIOcv1 ended daytime trade 0.5% higher at 802.5 yuan ($110.23) a metric ton.
For a full report, click on IRONORE/
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BASE METALS
Aluminium prices in London fell on Monday, under pressure from rising output in China and challenges to the country's economy and consumption as Beijing braces for more U.S. trade tariffs under a second Donald Trump administration.
Three-month aluminium on the London Metal Exchange CMAL3 was down 1.7% to $2,560.50 by 1703GMT
For a full report, click on MET/L
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OIL
Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, which is the world's largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve's interest rate decision.
Brent crude futures LCOc1 fell 39 cents to $74.10 a barrel by 1:10 p.m EST, after settling on Friday at their highest since Nov. 22.
For a full report, click on O/R
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PALM OIL
Malaysian palm oil futures closed lower on Monday for a second straight session, giving up its midday gains following losses in rival soyoils, although a weaker ringgit limited losses.
The Bursa Malaysia Derivatives Exchange's benchmark contract FCPOc3 fell 1.2% to 4,758 ringgit ($1,069.21) a metric ton at the close.
For a full report, click on POI/
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RUBBER
Japanese rubber futures rose on Monday after a two-session decline, as concerns of wet weather disrupting supply from top producer Thailand countered prospects of weaker demand.
The May Osaka Exchange rubber contract JRUc6 closed 3.5 yen, or 0.95%, higher at 372.9 yen ($2.43) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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