Asia Morning Call-Global Markets
Nov 28 (Reuters) -
Stock Markets | closing level) | Net Chng | Stock Markets | Net Chng | |
S&P/ASX 200** | 8406.7 | 47.3 | NZX 50** | 13212.92 | 99.16 |
DJIA | 44729.97 | -130.34 | NIKKEI** | 38134.97 | -307.03 |
Nasdaq | 19076.461 | -99.116 | FTSE** | 8274.75 | 16.14 |
S&P 500 | 6001.48 | -20.15 | Hang Seng** | 19603.13 | 443.93 |
SPI 200 Fut | 8456 | 18 | STI** | 3708.09 | -4.3 |
SSEC** | 3309.7789 | 50.0217 | KOSPI** | 2503.06 | -17.3 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.06 | 0 | KR 10 YR Bond | 10669.34 | 16.17 |
AU 10 YR Bond | 92.951 | 0.475 | US 10 YR Bond | 100.03125 | 0.453125 |
NZ 10 YR Bond | 99.726 | 0.222 | US 30 YR Bond | 101.09375 | 0.765625 |
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Currencies | |||||
SGD US$ | 1.3401 | -0.0064 | KRW US$ | 1,390.13 | -6.11 |
AUD US$ | 0.6494 | 0.0022 | NZD US$ | {NZD=;PRIMACT_1} | {NZD=;NETCHNG_1} |
EUR US$ | 1.0561 | 0.0075 | Yen US$ | 151.14 | -1.96 |
THB US$ | 34.53 | -0.15 | PHP US$ | 58.684 | -0.236 |
IDR US$ | - | - | INR US$ | 84.4100 | 0.0910 |
MYR US$ | 4.4400 | -0.0150 | TWD US$ | 32.483 | 0.000 |
CNY US$ | 7.2458 | -0.0062 | HKD US$ | 7.7809 | -0.0020 |
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Commodities | |||||
Spot Gold | 2637.19 | 5.3 | Silver (Lon) | 30.03 | -0.39 |
U.S. Gold Fut | 2637 | 15.7 | Brent Crude | 72.83 | 0.02 |
Iron Ore | CNY792 | 9 | TRJCRB Index | - | - |
TOCOM Rubber | 365.8 | -2.1 | Copper | 9001.5 | 1 |
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** indicates closing price
All prices as of 2009 GMT
EQUITIES
GLOBAL - MSCI's global equities index edged lower and the dollar slipped on Wednesday as investors digested the latest economic data and the potential impact of policies from the incoming U.S. administration, including threats of new tariffs.
MSCI's gauge of stocks across the globe .MIWD00000PUS was down 0.48 points, or 0.06%, to 858.60.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes fell on Wednesday, with the Nasdaq leading declines as technology stocks slumped on Thanksgiving eve on worries the Federal Reserve may be cautious about rate cuts after stubbornly strong U.S. inflation data.
At 01:56 p.m. the Dow Jones Industrial Average .DJI fell 107.54 points, or 0.24%, to 44,752.77, the S&P 500 .SPX lost 20.04 points, or 0.33%, to 6,001.59 and the Nasdaq Composite .IXIC lost 116.33 points, or 0.61%, to 19,059.24.
For a full report, click on .N
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LONDON - French stocks dropped to an over three-month low on Wednesday, knocked down by investor dread over the new government and its budget, while continued worries over the impact of Trump's proposed tariffs kept European automobile stocks under pressure.
The pan-European STOXX 600 .STOXX was down 0.3% as of 0930 GMT, after snapping a three-day winning streak on Tuesday.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average ended lower on Wednesday, with automakers leading the losses, amid concerns about the impact of U.S. President-elect Donald Trump's tariff pledges and a stronger yen.
The Nikkei .N225 fell 0.8% to close at 38,134.97.
For a full report, click on .T
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SHANGHAI - China and Hong Kong stocks rebounded from recent lows on Wednesday, as data showed a less sharp decline in industrial profits, while traders placed renewed bets that Beijing will roll out more supportive policies to counter risks of U.S. tariffs and shore up the economy.
The Shanghai Composite index .SSEC closed up 1.53% at 3,309.78, its biggest one-day percentage gain in nearly three weeks to climb out from a five-week low. The blue-chip CSI 300 index .CSI300 was up 1.74%.
For a full report, click on .SS
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AUSTRALIA - Australian shares were expected to open higher on Thursday, with heavyweight mining stocks likely driving gains on the back of strong iron ore prices.
The local share price index futures YAPcm1 rose 0.2%, a 51.3-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed 0.6% higher on Wednesday.
For a full report, click on .AX
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SEOUL - South Korean shares fell for a second straight session on Wednesday, as major exporters of semiconductors, cars and batteries declined on U.S. tariff worries.
The benchmark KOSPI .KS11 closed down 17.30 points, or 0.69%, at 2,503.06, extending Tuesday's 0.55% drop.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The dollar fell broadly on Wednesday in thin pre-holiday trade, digesting a slew of indicators that underscored U.S. economic resilience while investors assessed the risk that President-elect Donald Trump will start a tariff war no one will win.
The dollar index =USD, which measures the greenback against a basket of currencies including the yen and the euro, fell to its lowest since Nov. 13 and in afternoon trade was off 0.74% at 106.06.
For a full report, click on USD/
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SHANGHAI - China's yuan eased against the U.S. dollar on Wednesday, hovering near a 4-month-low, as the country's industrial profits extended declines in October, and as investors weighed the potential impact of new U.S. tariffs.
Spot yuan CNY=CFXS opened at 7.2460 per dollar and was last trading 58 pips lower than the previous late session close at 7.2561 per dollar as of 0301 GMT and 0.8% weaker than the midpoint.
For a full report, click on CNY/
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AUSTRALIA - The New Zealand dollar bounced on Wednesday, after the country's central bank lowered interest rates for a third straight meeting, but disappointed doves who had wagered on a super-sized move.
The Aussie dollar was a shade firmer at $0.6480 AUD=D3, having touched a four-month trough of $0.6434 on Tuesday as the U.S. dollar benefited from talk of tariffs.
For a full report, click on AUD/
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SEOUL - The Korean won was little changed against the US dollar on Wednesday.
The won was quoted at 1,397.0 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.06% lower than its previous close at 1,396.1.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields dropped on Wednesday as investors piled into U.S. government bonds following weak consumer sentiment surveys in Europe, while U.S. inflation concerns took a temporary backseat as data came in line with estimates.
Benchmark 10-year yields US10YT=RR were last at 4.234%, nearly seven basis points lower than on Tuesday and at their lowest level since Nov. 1.
For a full report, click on US/
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LONDON - The premium investors demand to hold French debt rose to its highest level since 2012 on Wednesday in a sign of worries over the country's finances, while benchmark German yields fell along with those in the United States.
Germany's 10-year bond yield was around 2 bps lower at 2.177% by 1600 GMT, having earlier traded at its lowest in nearly two months DE10YT=RR.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond (JGB) yields rose across the curve on Wednesday, as an auction of the 40-year note saw weak demand and expectations for reduced issuance of those notes within this year retreated.
The benchmark 10-year yield JP10YTN=JBTC rose 1 bp to 1.07%.
For a full report, click on JP/
COMMODITIES
GOLD - Gold rose on Wednesday, rebounding from an over one-week low hit in the previous session, on a weaker dollar, but trimmed earlier gains after data showed stalled inflation progress, hinting that the U.S. Federal Reserve might be cautious on further rate cuts
Spot gold XAU= was up 0.3% at $2,638.90 per ounce, as of 01:41 p.m. ET (1841 GMT).
For a full report, click on GOL/
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IRON ORE - Prices of iron ore futures strengthened for the third straight session on Wednesday, as firmer steel output outweighed a raft of weaker economic data in top consumer China.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.08% higher at 792.0 yuan ($109.19) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - Copper prices were steady on Wednesday with support from a weaker dollar and revived bets that top metals consumer China would launch more stimulus to counter risks of U.S. tariffs and to support its economy.
Three-month copper on the London Metal Exchange (LME) CMCU3 was unchanged at $8,997 per metric ton by 1702GMT.
For a full report, click on MET/L
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OIL - Oil prices were little changed on Wednesday, pressured by a large surprise build in U.S. gasoline stocks and worries about U.S. interest rate cuts next year, but prices drew support from concerns about supply eased after a ceasefire deal between Israel and Hezbollah.
Brent crude futures LCOc1 settled 2 cents higher at $72.83 a barrel.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures ended higher on Wednesday, extending a three-day winning streak, underpinned by production concerns in the country.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 62 ringgit, or 1.31%, to 4,797 ringgit ($1,080.41) per metric ton at the close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures rose for a third straight session on Wednesday, reversing earlier losses, as strong raw material prices outweighed weaker economic data from top consumer China.
The May Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: closed up 2.0 yen, or 0.79%, at 367.9 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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