XM does not provide services to residents of the United States of America.

Asia Morning Call-Global Markets



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Asia Morning Call-Global Markets</title></head><body>

Dec 20 (Reuters) -

Stock Markets


Net Chng

Stock Markets


Net Chng

S&P/ASX 200**

8168.2

-141.2

NZX 50**

12754.15

−111.40

DJIA

42518.97

192.1

NIKKEI**

38813.58

-268.13

Nasdaq

19465.909

73.216

FTSE**

8105.32

-93.79

S&P 500

5894.33

22.17

Hang Seng**

19752.51

-112.04

SPI 200 Fut

8101

-64

STI**

3762.88

-16.74

SSEC**

3370.0331

-12.175

KOSPI**

2435.93

-48.5

----------------------------------------------------------------------------------------

Bonds



Bonds



JP 10 YR Bond

1.08

0.02

KR 10 YR Bond

10175

-26.33

AU 10 YR Bond

92.091

-0.556

US 10 YR Bond

97.359375

-0.671875

NZ 10 YR Bond

99.177

0.045

US 30 YR Bond

95.765625

-1.65625

----------------------------------------------------------------------------------------

Currencies






SGD US$

1.3615

-0.0016

KRW US$

1446.11

-6.59

AUD US$

0.6246

0.0029

NZD US$

0.5639

0.0018

EUR US$

1.0370

0.0018

Yen US$

157.54

2.74

THB US$

34.55

0.04

PHP US$

59.076

0.093

IDR US$

16285

200

INR US$

85.0880

0.2210

MYR US$

4.5030

0.0360

TWD US$

32.624

-0.055

CNY US$

7.2965

0.0101

HKD US$

7.7721

0.0017

----------------------------------------------------------------------------------------

Commodities






Spot Gold

2594.59

6.96

Silver (Lon)

28.99

-0.3707

U.S. Gold Fut

2609.8

-43.5

Brent Crude

86

-13.32

Iron Ore

CNY778.5

0

TRJCRB Index

-

-

TOCOM Rubber

JPY368

2.1

LME Copper

8876

-152.5

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1814 GMT


EQUITIES


GLOBAL - Wall Street rebounded and U.S. Treasury yields resumed their climb on Thursday as stocks recovered from their steep dive in the wake of the Federal Reserve's hawkish outlook.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 2.62 points, or 0.31%, to 842.82.

For a full report, click on MKTS/GLOB


- - - -


NEW YORK - Wall Street's main indexes gained some ground on Thursday, a day after the Federal Reserve's projections of fewer-than-expected interest rate cuts and higher inflation next year wrong-footed some investors and pummeled U.S. stocks.

At 11:22 a.m. ET, the Dow Jones Industrial Average .DJI rose 257.46 points, or 0.61%, to 42,584.33 and was on track to snap its ten-session losing streak, its longest since 1974

For a full report, click on .N


- - - -


LONDON - European stocks fell on Thursday, with the benchmark STOXX recording its biggest single-day drop since early November as investors fled riskier assets after the U.S. Federal Reserve signalled a slower pace of interest rate cuts next year.

The pan-European STOXX 600 index .STOXX closed 1.5% lower, hitting a three-week low, with all the major sub-sectors in the red.

For a full report, click on .EU


- - - -


TOKYO - Japan's Nikkei share average narrowed losses on Thursday as the yen weakened following the Bank of Japan's decision to not hike interest rates.

The Nikkei .N225 ended the day 0.69% lower at 38,813.58 after finishing the morning session down 0.96%. The BOJ's announcement came during the trading recess.

For a full report, click on .T


- - - -


SHANGHAI - Hong Kong shares ended lower on Thursday after the U.S. Federal Reserve cautioned it would ease the pace of rate cuts next year, while China stocks were mixed.

China's blue-chip CSI300 Index .CSI300 closed up 0.1%, while the Shanghai Composite Index .SSEC dropped 0.4%.

For a full report, click on .SS


- - - -


AUSTRALIA - Australian shares slipped on Thursday, tracking declines in Asian and Wall Street indices, after the Federal Reserve signalled fewer interest rate cuts for next year.

The S&P/ASX 200 index .AXJO ended 1.7% lower at 8,162.2 points. The benchmark hit 8,125.7 points, a level last seen on Nov. 5.

For a full report, click on .AX


- - - -


SEOUL - The South Korean benchmark KOSPI .KS11 dropped as much as 2.5% on Thursday, as foreigners sold local shares.

For a full report, click on KRW/


- - - -


FOREIGN EXCHANGE


NEW YORK - The dollar on Thursday edged back from a two-year peak hit the prior session after the Federal Reserve signaled a much slower pace of rate cuts in 2025, while the yen slid after the Bank of Japan stood pat on rates.

The dollar index =USD was last down 0.23% after jumping more than 1% on Wednesday to 108.25, its highest level since November 2022.

For a full report, click on USD/


- - - -


SHANGHAI - China's yuan hovered at a 13-month low and breached a threshold despite strong central bank support, as the dollar's strength remained unwavering after the Federal Reserve turned hawkish on its rate outlook for next year.

By 0342 GMT, the yuan CNY=CFXS was 0.2% lower at 7.2992 to the dollar, 144 pips lower than the previous late session close.

For a full report, click on CNY/


- - - -


AUSTRALIA - The Australian and New Zealand currencies hit two-year lows on Thursday after the Federal Reserve signalled a slower pace of U.S. rate cuts in the year ahead, a hawkish turn that sent global stocks plunging, yields spiking and the dollar ascending.

The Aussie AUD=D3 hit a fresh two-year low of $0.6198, having plunged 1.9% overnight to break below a key support level of $0.6271.

For a full report, click on AUD/


- - - -


SEOUL - The South Korean won dropped to its weakest level in 15 years on Thursday, weighed down by risk-averse sentiment after the U.S. Federal Reserve's cautious stance on more interest rate cuts, as well as domestic political uncertainty.

The won KRW=KFTC was quoted at 1,448.9 per dollar in onshore trade as of 0518 GMT,

For a full report, click on KRW/


- - - -


TREASURIES


NEW YORK - U.S. Treasury yields were mixed on Thursday, with the long end hitting multi-month highs, after another round of generally solid economic data a day after the Federal Reserve flagged a slower pace of easing next year.

The U.S. 10-year yield US10YT=RR hit its highest since late May at 4.57%.

For a full report, click on US/


- - - -


LONDON - Euro zone long-dated government bond yields jumped on Thursday, after the Federal Reserve cut interest rates but signalled it would slow the pace of easing in 2025.

Germany's 10-year yield DE10YT=RR, the euro area's benchmark, rose 7 basis points to 2.31%, after touching 2.322%.

For a full report, click on GVD/EUR


- - - -


TOKYO - Japanese government bond yields retreated from session peaks on Thursday after Bank of Japan Governor Kazuo Ueda struck a cautious note after the central bank kept interest rates steady.

The 10-year JGB yield JP10YT=JBTC last sat at 1.08% after touching 1.095% earlier in the day

For a full report, click on JP/


COMMODITIES


GOLD


Gold prices edged up on Thursday, erasing earlier gains after U.S. data reinforced market expectations that the Federal Reserve will take a cautious approach to policy easing in the year ahead.

Spot gold XAU= was up 0.2% at $2,592.39 per ounce as of 01:02 p.m. ET (1802 GMT) and U.S. gold futures GCv1 fell 1.7% to $2,607.50.

For a full report, click on GOL/


- - - -


IRON ORE


Iron ore futures prices fell on Thursday to their lowest in nearly a month, as concerns about demand prospects in top consumer China and the U.S. Federal Reserve's outlook for interest rate cuts next year weighed on sentiment.

The most-traded May iron ore contract on China's Dalian Commodity Exchange DCIOcv1 ended daytime trade 1.08% lower at 778.5 yuan ($106.66) a metric ton,

For a full report, click on IRONORE/


- - - -


BASE METALS


Copper prices fell to a five-week low on Thursday as the dollar jumped to a near two-year high after the U.S. Federal Reserve signalled rates would be cut at a slower pace next year.

Benchmark copper CMCU3 on the London Metal Exchange was down 1.8% at $8,869 a metric ton at 1707 GMT from an earlier $8,869, the lowest since Nov. 14.

For a full report, click on MET/L


- - - -


OIL


Oil prices fell on Thursday as central bankers in the U.S., Europe and Asia signalled caution over easing monetary policy, fanning concerns that weak economic activity could dent demand for oil next year.

Brent crude futures LCOc1 fell by 71 cents, or 1%, to $72.68 a barrel by 12:32 p.m. EST (1732 GMT).

For a full report, click on O/R


- - - -


PALM OIL


Malaysian palm oil futures slipped on Thursday for a fifth straight session, weighed down by uncertainty over Indonesian and U.S. biofuel policies.

The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange closed down 0.38% at 4,512 ringgit ($1,002.00) a metric ton.

For a full report, click on POI/


- - - -


RUBBER


Japanese rubber futures declined on Thursday, weighed down by prospects of softer global demand for the commodity, although a weaker yen limited the losses.

The Osaka Exchange rubber contract for May delivery JRUc6, 0#2JRU: closed down 5.1 yen, or 1.37%, at 365.9 yen ($2.34) per kg.

For a full report, click on RUB/T


- - - -



(Bengaluru Bureau; +91 80 6749 1130)

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.