Asia Morning Call-Global Markets
Oct 29 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8221.5 | +10.2 | NZX 50** | 12771.61 | - |
DJIA | 42387.57 | +273.17 | NIKKEI** | 38605.53 | +691.61 |
Nasdaq | 18567.189 | +48.583 | FTSE** | 8285.62 | +36.78 |
S&P 500 | 5823.52 | +15.4 | Hang Seng** | 20599.36 | +9.21 |
SPI 200 Fut | 8285 | +35 | STI** | 3584.08 | -9.33 |
SSEC** | 3322.1975 | +22.4972 | KOSPI** | 2612.43 | +29.16 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 0.97 | 0.025 | KR 10 YR Bond | 10457.18 | -48.891 |
AU 10 YR Bond | 92.165 | 0.079 | US 10 YR Bond | 96.8125 | -0.34375 |
NZ 10 YR Bond | 98.168 | -0.304 | US 30 YR Bond | 95.46875 | -0.453125 |
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Currencies | |||||
SGD US$ | 1.3226 | +0.0003 | KRW US$ | 1381.89 | -6.06 |
AUD US$ | 0.65845 | -0.00205 | NZD US$ | 0.5980 | +0.0003 |
EUR US$ | 1.0814 | +0.0021 | Yen US$ | 153.26 | +0.96 |
THB US$ | 33.74 | +0.09 | PHP US$ | 58.24 | -0.315 |
IDR US$ | 15720 | +85 | INR US$ | 84.06 | -0.035 |
MYR US$ | 4.3580 | +0.0210 | TWD US$ | 32.09 | +0.019 |
CNY US$ | 7.1266 | +0.0046 | HKD US$ | 7.7715 | +0.0014 |
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Commodities | |||||
Spot Gold | 2742.6021 | -5.0915 | Silver (Lon) | 33.6728 | -0.0272 |
U.S. Gold Fut | 2755.1 | +0.5 | Brent Crude | 71.42 | -4.63 |
Iron Ore | CNY783.5 | +13 | TRJCRB Index | - | - |
TOCOM Rubber | JPY363.1 | -3.9 | Copper | 9556 | -56.5 |
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** indicates closing price
All prices as of 2012 GMT
EQUITIES
GLOBAL - Global stock indexes rose on Monday as investors awaited earnings reports this week from several of the biggest U.S. tech-related companies, while oil prices fell sharply after Israel's retaliatory strike against Iran at the weekend bypassed oil and nuclear facilities.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 3.06 points, or 0.36%, to 848.55.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street closed higher on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 presidential election, while sentiment also improved after energy supplies were not disrupted by weekend developments in the Middle East.
According to preliminary data, the S&P 500 .SPX gained 16.02 points, or 0.28%, to end at 5,824.14 points, while the Nasdaq Composite .IXIC gained 48.58 points, or 0.29%, to 18,572.63. The Dow Jones Industrial Average .DJI rose 275.42 points, or 0.65%, to 42,389.82.
For a full report, click on .N
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LONDON - Europe's main stock index closed higher on Monday as gains across most sectors outweighed the weakness in energy stocks on a slide in oil prices, with investors looking for crucial economic data and big-ticket U.S. tech earnings scheduled for later in the week.
The pan-European STOXX 600 .STOXX finished 0.4% higher after logging its first weekly decline in three.
For a full report, click on .EU
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TOKYO - Japanese stocks rose on Monday as the yen careened to a three-month low after Prime Minister Shigeru Ishiba's coalition lost its parliamentary majority in a drubbing in Sunday's election, raising uncertainty over the path for policy and the economy.
The Nikkei share average .N225 ended the day up 1.82% to 38,605.53 after rising by as much as 2.2%. It opened 0.4% lower.
For a full report, click on .T
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SHANGHAI - Mainland China and Hong Kong stocks ended marginally higher on Monday as investors grew cautious ahead of key events next week, including a legislative meeting in Beijing and the U.S. presidential election.
At the close, the Shanghai Composite index .SSEC was up 0.68% at 3,322.20 points, while the blue-chip CSI300 index .CSI300 was up 0.2%.
For a full report, click on .SS
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AUSTRALIA - Australian shares were likely to open slightly higher on Tuesday, shored up by a possible rise in local miners on gaining underlying commodity prices, while investors awaited local inflation data due later in the week to assess the interest rate trajectory.
The local share price index futures YAPcm1 rose 0.4% higher, a 63.5-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed 0.1% higher on Monday.
For a full report, click on .AX
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SEOUL - South Korean shares rose on Monday, as local battery suppliers of Tesla TSLA.O gained after the electric vehicle market leader's rally last week.
The benchmark KOSPI .KS11 closed up 29.16 points, or 1.13%, at 2,612.43.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The yen hit three-month lows against the dollar on Monday, remaining under pressure as an election loss by Japan's ruling coalition raises political and monetary policy uncertainty, while the U.S. dollar headed for its biggest monthly gain since April 2022.
The dollar rose by as much as 1% to a high of 153.88, the yen's weakest level JPY=EBS since late July. The yen was last down about 0.7% on the dollar at 153.34, bringing the decline in October to 6.4%, the largest of any G10 currency.
For a full report, click on USD/
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SHANGHAI - China's yuan weakened on Monday to a more than two-month low against the dollar, underpinned by signs of strength in the U.S. economy and rising bets that Donald Trump would win a second term as president.
The onshore yuan CNY=CFXS was trading 0.13% lower at 7.1316 to the dollar by 0300 GMT, after hitting a trough of 7.1355, its weakest since Aug 23.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand currencies gained against the yen on Monday as Japan's ruling coalition lost its parliamentary majority, a result that is seen likely to slow further policy tightening there.
The Aussie rallied 0.8% to 101.36 yen AUDJPY=R, just a touch below a three-month top of 101.69 yen. The kiwi dollar NZDJPY=R also rose 0.7% to 91.71, although it is still stuck in its recent range of 90 and 92 yen.
For a full report, click on AUD/
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SEOUL - The Korean won strengthened against the dollar on Monday, while the benchmark bond yield rose.
The won was quoted at 1,385.0 per dollar on the onshore settlement platform KRW=KFTC, 0.30% higher than its previous close.
For a full report, click on KRW/
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TREASURIES
NEW YORK - Benchmark 10-year U.S. Treasury yields hit a three-month high on Monday as investors wait on key data releases this week, including Friday's jobs report for October and before next week’s U.S. elections.
Benchmark 10-year note yields US10YT=RR were last up 1.2 basis points at 4.244% after earlier reaching 4.292%, the highest since July 24.
For a full report, click on US/
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LONDON - Euro zone government bond yields hovered just below recent highs on Monday at the start of a data-packed week in the final run-up to the U.S. presidential election on Nov. 5.
Yields on Germany's 10-year bonds DE10YT=RR, which move inversely to prices, were little changed at 2.285% after hitting a more than three-month high of 2.352% earlier in the session.
For a full report, click on GVD/EUR
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TOKYO - Japanese stocks rose on Monday as the yen careened to a three-month low after Prime Minister Shigeru Ishiba's coalition lost its parliamentary majority in a drubbing in Sunday's election, raising uncertainty over the path for policy and the economy.
The yen accelerated declines throughout the morning session, slumping as far as 153.885 per dollar JPY=EBS for the first time since July 31. It was changing hands about 0.8% lower at 153.505 per dollar as of 0600 GMT.
For a full report, click on JP/
COMMODITIES
GOLD - Gold's record rally took a breather on Monday, as U.S. Treasury yields and dollar gained the upper hand, while investors awaited a series of U.S. economic data due this week for cues on the Federal Reserve's interest rate outlook.
Spot gold XAU= fell 0.2% to $2,743.31 an ounce by 1:55 p.m. ET (1755 GMT). Bullion hit a record high of $2,758.37 last Wednesday.
For a full report, click on GOL/
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IRON ORE - Dalian iron ore futures climbed on Monday to their highest in more than a week, as renewed expectations of further stimulus from China overshadowed concerns about the top consumer's faltering economic recovery and steel demand.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 2.35% higher at 783.5 yuan ($109.92) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - Copper prices retreated on Monday as Chinese data suggesting poor demand prospects added to disappointment with economic stimulus measures from the top consumer, weighing on sentiment.
Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.5% at $9,551 a metric ton at 1708 GMT. It has mostly traded in a narrow $400 range over the past couple of weeks.
For a full report, click on MET/L
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OIL - Oil prices tumbled 6% on Monday, or more than $4 a barrel, after Saturday's retaliatory strike by Israel against Iran's military bypassed oil and nuclear facilities, not disrupting energy supplies.
Brent futures LCOc1 settled at $71.42 a barrel, down $4.63 or 6.09%.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures traded sideways on Monday, as technical buying and a weaker ringgit limited its losses.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange fell 6 ringgit, or 0.13%, to 4,530 ringgit ($1,039.47) a metric ton at the close. The contract declined 1.59% over two consecutive sessions.
For a full report, click on POI/
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RUBBER - Japanese rubber futures recorded their fourth consecutive session of losses on Monday, weighed down by weaker global oil prices, but losses were checked by a weaker yen.
The Osaka Exchange (OSE) rubber contract for April delivery JRUc6, 0#2JRU: closed down 7 yen, or 1.87%, at 367 yen ($2.39) per kg.
For a full report, click on RUB/T
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Reporting by Sneha Kumar
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