Asia Morning Call-Global Markets
Nov 15 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8224 | 30.6 | NZX 50** | 12692.94 | 18.45 |
DJIA | 43820.24 | -137.95 | NIKKEI** | 38535.7 | -185.96 |
Nasdaq | 19168.316 | -62.409 | FTSE** | 8071.19 | 40.86 |
S&P 500 | 5964.39 | -20.99 | Hang Seng** | 19435.81 | -387.64 |
SPI 200 Fut | 8312 | 57 | STI** | 37378.16 | 17.82 |
SSEC** | 3379.8389 | -59.4389 | KOSPI** | 2418.86 | 1.78 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.055 | 0.015 | KR 10 YR Bond | 10487.33 | -13.4 |
AU 10 YR Bond | 91.009 | 0.589 | US 10 YR Bond | 98.828125 | 0.4375 |
NZ 10 YR Bond | 97.405 | -0.402 | US 30 YR Bond | 99.046875 | 1.25 |
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Currencies | |||||
SGD US$ | 1.3431 | 0.0003 | KRW US$ | 1402.51 | -1.58 |
AUD US$ | 0.6473 | -0.0012 | NZD US$ | 0.5874 | -0.0007 |
EUR US$ | 1.0557 | -0.0006 | Yen US$ | 155.79 | 0.34 |
THB US$ | 34.85 | 0.04 | PHP US$ | 58.848 | 0.138 |
IDR US$ | 15850 | 80 | INR US$ | 84.43 | 0.014 |
MYR US$ | 4.478 | 0.032 | TWD US$ | 32.567 | 0.111 |
CNY US$ | 7.2272 | 0.0027 | HKD US$ | 7.7819 | 0.0013 |
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Commodities | |||||
Spot Gold | 2569.3098 | -4.52 | Silver (Lon) | 30.45 | 0.1197 |
U.S. Gold Fut | 2574.6 | -11.9 | Brent Crude | 72.09 | -0.19 |
Iron Ore | 756 | -6.5 | TRJCRB Index | - | - |
TOCOM Rubber | 352.6 | 8.6 | LME Copper | 8991.5 | -55.5 |
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** indicates closing price
All prices as of 1745 GMT
EQUITIES
GLOBAL - A gauge of global stocks was lower for a third straight session on Thursday, after U.S. economic data indicated the labor market remains solid while progress on tamping down inflation may be waning.
MSCI's gauge of stocks across the globe .MIWD00000PUS fell 0.47 points, or 0.05%, to 854.38, on track for a third straight daily decline after five consecutive sessions of gains.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes were subdued on Thursday after monthly producer prices rose as expected, with investors awaiting Fed Chair Jerome Powell's comments later in the day for clues on the outlook for interest rates.
The Dow Jones Industrial Average .DJI fell 14.77 points, or 0.03%, to 43,943.42, the S&P 500 .SPX lost 4.30 points, or 0.07%, to 5,981.08, and the Nasdaq Composite .IXIC lost 10.19 points, or 0.05%, to 19,220.53.
For a full report, click on .N
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LONDON - Europe's STOXX 600 bounced back with a 1% gain, driven by strong performances in the energy and technology sectors, while positive earnings reports added to the upbeat mood.
The pan-European STOXX 600 index .STOXX gained 1.1% to 507.02 points.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average closed lower for a third-straight day on Thursday despite the yen falling to fresh lows, as major technology stocks tracked their U.S. peers lower.
The benchmark index .N225 started the day on the rebound, briefly crossing above 39,000 points during morning trade, but finished down 0.5% at 38,535.70 - its lowest closing level in just over a week as tech losses extended. The broader Topix .TOPX fell 0.3% to 2,701.22.
For a full report, click on .T
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SHANGHAI - Stocks in China and Hong Kong slid on Thursday, after Beijing's latest measures to revive the struggling property sector failed to boost investors' mood and concerns over U.S.-China relations intensified with reports of Trump's expanding influence.
The Shanghai Composite index .SSEC and China's blue-chip CSI300 index .CSI300 both lost 1.7% at close, the biggest retreat in nearly a month.
For a full report, click on .SS
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AUSTRALIA - Australian shares ended higher on Thursday, led by the heavyweight bank stocks after the central bank governor's comments pointed towards higher-for-longer interest rates, while Xero led the technology index higher.
The S&P/ASX 200 index .AXJO ended 0.4% higher at 8,224 points. It fell 0.8% on Wednesday.
For a full report, click on .AX
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SEOUL - South Korean shares pared early gains to end almost flat on Thursday as chipmakers declined on concerns that Donald Trump's re-election would fuel intense Sino-U.S. tensions. The government's assurances did little to calm investors.
The benchmark KOSPI .KS11 closed up 0.07%, or 1.78 points, at 2,418.86, after rising as much as 1% earlier in the session.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar continued its relentless march higher on Thursday, trading at a one-year high against major peers and headed for a fifth straight daily gain fuelled by higher yields and Donald Trump's election victory in the United States.
The U.S. dollar index =USD, which measures the currency against six top counterparts including the euro and yen, added 0.3% to 106.79, and briefly touched 107, its highest since early November 2023.
For a full report, click on USD/
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SHANGHAI - China's yuan fell to its lowest level against the U.S. dollar in more than three months on Thursday, as continued momentum from Donald Trump's presidential election victory propelled the greenback to a one-year high against major peers.
The offshore yuan traded at 7.257 yuan per dollar CNH=, down about 0.2% in Asian trade.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars floundered near three-month lows on Thursday as their U.S. counterpart extended its bullish run, while local jobs data were too mixed to provide fresh impetus.
The Aussie held at $0.6484 AUD=D3, having sunk 0.7% overnight to carve out a trough of $0.6480.
For a full report, click on AUD/
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SEOUL - The South Korean won weakens against the U.S. dollar
The most liquid three-year Korean treasury bond yield KR3YT=RR fell by 1.5 basis points to 2.924%, while the benchmark 10-year yield KR10YT=RR fell by 0.2 basis point to 3.072%.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields briefly ticked up on Thursday after data showed a solid labor market and a bit more pipeline inflation, before falling back again as the market awaited an afternoon speech by Jerome Powell for any clues about the Fed's next move.
The benchmark 10-year yield US10YT=RR was off 2.7 basis points from late Wednesday at 4.424% by 1451 GMT, after reaching 4.483% overnight, its highest since early July.
For a full report, click on US/
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LONDON - European government bonds yields dipped on Thursday as a rise in U.S. yields moderated, with bond markets remaining volatile after Donald Trump's victory in the Nov. 5 presidential election.
The euro zone benchmark, the German 10-year bond yield DE10YT=RR, dipped by 3 basis points (bps) to 2.358% after rising for two straight sessions. Yields move inversely to prices.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond (JGB) yields climbed on Thursday, with short-end yields rising to their highest in more than a decade, as yields tracked their U.S. peers higher and investors pondered another interest rate hike in Japan as soon as December.
The 10-year JGB yield JP10YTN=JBTC rose 1.5 basis points (bps) to 1.055%, its highest since Aug. 1, while the five-year yield JP5YTN=JBTC ticked up 0.5 bp to a 15-year peak of 0.69%.
For a full report, click on JP/
COMMODITIES
GOLD
Gold prices were subdued after hitting a two-month low on Thursday, pressured by a strong dollar rally, though traders have not lost confidence in a December rate cut following the latest U.S. economic data.
Spot gold XAU= fell 0.2% to $2,568.69 per ounce as of 12:26 p.m. ET (1726 GMT), touching its lowest level since Sept. 12. U.S. gold futures GCv1 were down 0.5% to $2,573.70.
For a full report, click on GOL/
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IRON ORE
Iron ore futures prices fell to a three-week low on Thursday, as supply of the key steelmaking ingredient remained firm amid a weaker steel market outlook, although fresh stimulus measures by top consumer China for its property sector limited the losses.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.37% lower at 756.0 yuan ($104.38) a metric ton. The contract earlier in the day hit its weakest level since Oct. 24 at 751.5 yuan.
For a full report, click on IRONORE/
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BASE METALS
Copper prices continued to fall for their fifth consecutive session on Thursday to their three-month low to attract consumers buying the dip.
Three-month copper on the London Metal Exchange (LME) CMCU3 dipped to $8,867 per metric ton, its lowest since Aug. 12. Losses narrowed in the afternoon with copper dropping 0.5% at $8,998.5 per metric ton as at 1734 GMT.
For a full report, click on MET/L
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OIL
Oil prices ticked up on Thursday, helped by unexpected large draws in U.S. fuel stocks, recouping some of the sharp declines seen earlier this week due to a stronger U.S. dollar and worries about rising supply amid slow demand growth.
Brent crude futures LCOc1 were up 40 cents, or 0.5% at $72.70 a barrel at 11:18 am ET (16:18 GMT). U.S. West Texas Intermediate crude futures CLc1 were up 50 cents, or 0.7% at $68.93.
For a full report, click on O/R
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PALM OIL
Malaysian palm oil futures closed lower for a third consecutive session on Thursday, weighed down by weakness in prices of rival Dalian-listed vegetable oils and selling pressure in crude palm oil (CPO).
The Bursa Malaysia Derivatives Exchange's benchmark palm oil contract FCPOc3 ended down 23 ringgit, or 0.46%, at 4,964 ringgit ($1,108.53) a metric ton.
For a full report, click on POI/
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RUBBER
Japanese rubber futures held steady on Thursday, hovering around a near three-month low, as traders weighed the prospect of heightened trade tensions surrounding top consumer China against a softer yen.
The April Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: ended flat at 344.0 yen ($2.21) per kg, its weakest closing since Aug. 23.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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