Asia Morning Call-Global Markets
Dec 19 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8309.4 | -4.6 | NZX 50** | 12865.55 | −48.75 |
DJIA | 43562.83 | 112.93 | NIKKEI** | 39081.71 | -282.97 |
Nasdaq | 20153.522 | 44.462 | FTSE** | 8199.11 | 3.91 |
S&P 500 | 6060.03 | 9.42 | Hang Seng** | 19864.55 | 164.07 |
SPI 200 Fut | 8306 | -8 | STI** | 3779.62 | -20.31 |
SSEC** | 3382.2081 | 20.7231 | KOSPI** | 2484.43 | 27.62 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.065 | -0.01 | KR 10 YR Bond | 10201.33 | 4.271 |
AU 10 YR Bond | 93.633 | -0.012 | US 10 YR Bond | 98.875 | -0.046875 |
NZ 10 YR Bond | 99.438 | -0.106 | US 30 YR Bond | 98.5625 | -0.15625 |
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Currencies | |||||
SGD US$ | 1.3525 | 0.0029 | KRW US$ | 1437.94 | 0.55 |
AUD US$ | 0.6302 | -0.00036 | NZD US$ | 0.5719 | -0.0032 |
EUR US$ | 1.0478 | -0.0011 | Yen US$ | 153.73 | 0.25 |
THB US$ | 34.23 | 0.07 | PHP US$ | 58.983 | -0.020 |
IDR US$ | 16085 | 25 | INR US$ | 84.8670 | -0.0350 |
MYR US$ | 4.4670 | 0.0020 | TWD US$ | 32.500 | -0.007 |
CNY US$ | 7.2864 | 0.0018 | HKD US$ | 7.7707 | 0.0015 |
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Commodities | |||||
Spot Gold | 2637.3 | -8.24 | Silver (Lon) | 30.2312 | -0.3036 |
U.S. Gold Fut | 2653.2 | -8.8 | Brent Crude | 86 | 12.81 |
Iron Ore | CNY778.5 | -18 | TRJCRB Index | - | - |
TOCOM Rubber | JPY369 | -2 | LME Copper | 9037 | 49 |
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** indicates closing price
All prices as of 1807 GMT
EQUITIES
GLOBAL - U.S. and European shares moved higher in early trading on Wednesday, as investors looked ahead to the Federal Reserve's policy rate decision due later in the session.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 1.53 points, or 0.18%, to 865.55.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes rose on Wednesday, regaining some ground lost in the previous session, as investors anticipated an interest rate cut from the Federal Reserve and awaited clues on what policymakers could do in 2025.
At 12:00 p.m. ET, the Dow Jones Industrial Average .DJI rose 160.68 points, or 0.37%, to 43,610.58, the S&P 500 .SPX gained 12.56 points, or 0.21%, to 6,063.10 and the Nasdaq Composite .IXIC gained 37.96 points, or 0.19%, to 20,147.02.
For a full report, click on .N
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LONDON - European share indices closed up on Wednesday, boosted by technology stocks and French automaker Renault, though gains were capped on caution ahead of the Federal Reserve's policy decision and outlook.
The pan-European STOXX 600 .STOXX closed 0.2% up, snapping a four-day losing streak.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average fell for a fourth session on Wednesday as investors remained cautious ahead of central bank decisions in the U.S. and Japan, while report of a Honda-Nissan tie-up boosted auto shares.
The Nikkei .N225 ended 0.72% lower at 39,081.71.
For a full report, click on .T
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SHANGHAI - China and Hong Kong stocks rebounded on Wednesday, as investor sentiment was propelled by a Reuters report on China planning a record budget deficit for 2025 and Beijing's call for state-owned companies to boost market value.
The Shanghai Composite index .SSEC closed up 0.62% at 3,382.21, after dropping 0.73% on Tuesday, while the blue-chip CSI 300 index .CSI300 gained 0.51%.
For a full report, click on .SS
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AUSTRALIA - Australian shares closed almost flat on Wednesday, as gains in healthcare and technology stocks countered losses in financials, while expectation firmed for the U.S. Federal Reserve to signal a cautious approach to rates in 2025.
The S&P/ASX 200 index .AXJO ended 0.1% lower at 8,309.4 points, declining for a sixth session in seven.
For a full report, click on .AX
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SEOUL - South Korean shares rose on Wednesday due to dip-buying after two sessions of losses, while investors focussed on the outcome of the U.S. Federal Reserve's last policy meeting of 2024.
The KOSPI .KS11 closed up 27.62 points, or 1.12%, at 2,484.43.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar advanced against its peers on Wednesday ahead of the Federal Reserve's monetary policy decision later in the session, with markets expecting the central bank to deliver its third consecutive interest rate cut.
The U.S. dollar index =USD, which measures the greenback against six rivals, was up 0.19% at 107.13, after hovering near a three-week high.
For a full report, click on USD/
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SHANGHAI - China's yuan slipped to a near 13-month low against the dollar on Wednesday, as state bank support offset much of the downside pressure from widening yield differentials between the world's two largest economies.
As of 0243 GMT, the onshore yuan CNY=CFXS was 0.02% lower at 7.2853 to the dollar.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars hit fresh lows on Wednesday as more upbeat economic news out of the U.S. focused investors' attention on the U.S. dollar.
The Aussie dipped a further 0.1% to a 13-month low of $0.6325 AUD=D3, having already lost 0.5% overnight.
For a full report, click on AUD/
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SEOUL - The South Korean won strengthened against the US dollar on Wednesday.
The won was quoted at 1,435.5 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.11% higher than its previous close at 1,437.1.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields were mixed on Wednesday, with the long end of the curve moderately higher, as investors stayed sidelined overall as they awaited guidance on next year's monetary policy from the Federal Reserve statement and Chair Jerome Powell's remarks at a press briefing later in the session.
The benchmark 10-year yield rose 1.6 bps to 4.4% US10YT=RR, rising in seven of the last eight days.
For a full report, click on US/
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LONDON - Euro zone bond yields were little changed on Wednesday as investors waited for the U.S. Federal Reserve's interest rate decision later in the day.
Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone, was up 1 basis point at 2.244%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields fell on Wednesday, reversing rises in the previous session, as investors bet the Bank of Japan will keep the interest rates steady at its latest meeting.
The 10-year JGB yield JP10YTN=JBTC fell 1 basis point to 1.065%.
For a full report, click on JP/
COMMODITIES
GOLD
Gold prices edged lower as the dollar held firm on Wednesday, with investors awaiting a key U.S. Federal Reserve decision expected to shape market sentiment and gold's trajectory by outlining the central bank's 2025 outlook.
Spot gold XAU= slipped 0.4% to $2,634.88 per ounce by 12:03 p.m. ET (1703 GMT). U.S. gold futures GCv1 were down 0.4% at $2,651.20.
For a full report, click on GOL/
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IRON ORE
Iron ore futures prices slipped on Wednesday, as supply concerns eased and demand slowed marginally due to maintenance of more furnaces by steelmakers in top consumer China.
The most-traded May iron ore contract on China's Dalian Commodity Exchange DCIOcv1 ended daytime trade 2.63% lower at 778.5 yuan ($106.86) a metric ton, the lowest level since Nov. 27.
For a full report, click on IRONORE/
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BASE METALS
Copper prices edged up in London on Wednesday after hitting their lowest in more than two weeks, but remained under pressure from concerns about demand from top consumer China and caution ahead of the U.S. Federal Reserve's interest-rate decision.
Three-month copper on the London Metal Exchange CMCU3 rose 0.5% to $9,029.50 per metric ton by 1702 GMT after hitting $8,950, its lowest since Dec. 2.
For a full report, click on MET/L
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OIL
Oil prices edged higher on Wednesday after U.S. crude inventories fell and as investors eyed a likely interest rate cut by the U.S. Federal Reserve while weighing its projections for 2025.
Brent futures LCOc1 were up 60 cents, or 0.82%, to $73.79 a barrel at 1:10 p.m. ET. U.S. West Texas Intermediate crude CLc1 was up 88 cents, or 1.26%, to $70.96.
For a full report, click on O/R
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PALM OIL
Global edible oil markets slid on Wednesday, as expectations for a record soybean crop in Brazil early next year and a new U.S. plan to allow gasoline sales with higher ethanol blending raised worries over vegetable oil demand, triggering a selloff.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange closed down 195 ringgit, or 4.13%, to 4,530 ringgit ($1,014.10) a metric ton.
For a full report, click on POI/
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RUBBER
Japanese rubber futures closed flat on Wednesday, as softer Chinese economic data clouded prospects of demand from the world's top consumer of the commodity.
The May Osaka Exchange rubber contract JRUc6, 0#2JRU: closed unchanged at 371.0 yen ($2.42) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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