Asia Morning Call-Global Markets
Nov 29 (Reuters) -
Stock Markets | closing level) | Net Chng | Stock Markets | Net Chng | |
S&P/ASX 200** | 8444.3 | 37.6 | NZX 50** | 13053.56 | -159.36 |
DJIA | 44722.06 | -138.25 | NIKKEI** | 38349.06 | 214.09 |
Nasdaq | 19060.476 | -115.101 | FTSE** | 8281.22 | 6.47 |
S&P 500 | 5998.74 | -22.89 | Hang Seng** | 19366.96 | -236.17 |
SPI 200 Fut | 8451 | -25 | STI** | 3737.25 | 29.16 |
SSEC** | 3295.6983 | -14.0806 | KOSPI** | 2504.67 | 1.61 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.045 | -0.025 | KR 10 YR Bond | 10754.05 | 84.71 |
AU 10 YR Bond | 93.006 | 0.086 | US 10 YR Bond | 99.90625 | - |
NZ 10 YR Bond | 99.932 | 0 | US 30 YR Bond | 101 | - |
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Currencies | |||||
SGD US$ | 1.3419 | 0.0017 | KRW US$ | 1,395.07 | 6.49 |
AUD US$ | 0.6499 | 0.0004 | NZD US$ | 0.5891 | -0.0003 |
EUR US$ | 1.0554 | -0.0010 | Yen US$ | 151.49 | 0.39 |
THB US$ | 34.39 | -0.04 | PHP US$ | 58.580 | -0.004 |
IDR US$ | 15,865 | -60 | INR US$ | 84.4460 | 0.0360 |
MYR US$ | 4.4440 | 0.0040 | TWD US$ | 32.553 | 0.086 |
CNY US$ | 7.2240 | -0.0018 | HKD US$ | 7.7841 | 0.0025 |
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Commodities | |||||
Spot Gold | 2640.5168 | 5.0068 | Silver (Lon) | 30.265 | 0.1898 |
U.S. Gold Fut | 2641.2 | 1.3 | Brent Crude | 73.13 | 0.30 |
Iron Ore | CNY786.5 | -5.5 | TRJCRB Index | NOT AVAILABLE | NOT AVAILABLE |
TOCOM Rubber | 370.9 | 3.8 | Copper | 8994 | -26 |
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** indicates closing price
All prices as of 0625 GMT
EQUITIES
GLOBAL - European shares ticked up on Thursday after falling the previous day, while Asian stocks slipped, as trading volumes thinned ahead of the U.S. Thanksgiving holiday.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.52%.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes closed lower 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.
According to preliminary data, the S&P 500 .SPX lost 22.85 points, or 0.38%, to end at 5,998.78 points, while the Nasdaq Composite .IXIC lost 113.80 points, or 0.59%, to 19,061.78. The Dow Jones Industrial Average .DJI fell 136.31 points, or 0.31%, to 44,723.23.
For a full report, click on .N
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LONDON - Tech stocks spearheaded a rebound in European shares on Thursday, after a two-day slump fuelled by worries over potential U.S. tariffs and France's economic and political challenges, with investors now closely watching inflation reports for clues on the future trajectory of interest rate cuts.
The pan-European STOXX 600 .STOXX index was up 0.4% to 507.23 points.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average reversed course to end higher on Thursday after two straight sessions of losses made stocks relatively cheaper
The Nikkei .N225 gained 0.56% higher to close at 38,349.06, after dropping as much as 0.87% earlier in the session
For a full report, click on .T
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SHANGHAI - China and Hong Kong stocks fell on Thursday, as investors feared an escalation of the trade war with the U.S. and a further ban on chip sales to China, while a price war between automakers in the country looked set to intensify.
The blue-chip CSI 300 index .CSI300 closed down 0.88%, while the Shanghai Composite index .SSEC slid 0.43% at 3,295.70.
For a full report, click on .SS
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AUSTRALIA - Australian shares hit a record high on Thursday, helped by a sustained rally in the heavyweight banking stocks despite concerns over valuation and the impact of high interest rates.
The S&P/ASX 200 index .AXJO hit an all-time high of 8,477.10 earlier, its third this month and second this week. It ended the day with a 0.5% increase to 8,444.30.
For a full report, click on .AX
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SEOUL - South Korea's treasury bond yields dropped to their lowest levels in 32 months on Thursday, as the country's central bank cut interest rates for the second straight meeting in a row, bucking market expectations.
In the stock market, the benchmark KOSPI .KS11 closed up marginally by 1.61 points, or 0.06%, at 2,504.67.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The euro dipped against the dollar on Thursday as traders reined in bets of more interest rate cuts by the European Central Bank, while broader currency moves were muted in U.S. holiday-thinned trading.
The dollar index =USD ticked up to 106.21 after dropping to as low as 105.85 in the prior session, a two-week trough.
For a full report, click on USD/
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SHANGHAI - China's yuan was firmer against the U.S. dollar on Thursday, as the greenback retreated from a recent rally on investors' concerns over the risk that President-elect Donald Trump will start a tariff war that no one will win.
Spot yuan CNY=CFXS opened at 7.2380 per dollar and was last trading 15 pips firmer than the previous late session close and 0.78% weaker than the midpoint.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars found some support on Thursday as a drop in Treasury yields hindered their U.S. counterpart, while investors pondered the rapidly diverging path of domestic interest rates.
The Aussie held at $0.6498 AUD=D3, having edged up 0.4% overnight and away from a four-month low of $0.6434.
For a full report, click on AUD/
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SEOUL - The won weakened on Thursday, though its losses were capped amid suspicions of intervention by authorities, while stocks were flat.
The currency was last quoted at 1,395.6 per dollar on the onshore settlement platform KRW=KFTC, 0.20% lower than its previous close at 1,392.
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 - French government bonds edged lower on Thursday as the market regained some poise after the previous day's sell-off that drove their risk premium over German bonds to its highest since the euro zone's 2012 debt crisis.
Meanwhile, German Bund yields dropped to a fresh 8-week low at 2.126%, down 4 bps on the day DE10YT=RR.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields fell on Thursday, tracking overnight declines in U.S. Treasury yields, while investors were less cautious about an interest rate hike amid a stronger yen.
The 10-year JGB yield JP10YTN=JBTC fell 2 basis points (bps) to 1.050%.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices rose on Thursday as geopolitical uncertainty and trade war concerns boosted safe-haven demand, with low trading volumes expected as U.S. markets are closed for the Thanksgiving holiday.
Spot gold XAU= was up 0.2% to $2,641.79 per ounce at 10:07 a.m. ET (1507 GMT).
For a full report, click on GOL/
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IRON ORE - Prices of iron ore futures flitted within a narrow range on Thursday, as traders weighed stronger prospects for China's steel market against weaker economic data from the world's top consumer.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade flat at 786.5 yuan ($108.54) a metric ton, snapping a three-day winning streak.
For a full report, click on IRONORE/
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BASE METALS - - Copper prices edged down on Thursday, weighed down by a stronger dollar, concern over global growth and demand in top metals consumer China.
Three-month copper CMCU3 on the London Metal Exchange (LME) lost 0.2% to $9,002.50 a metric ton by 1710 GMT.
For a full report, click on MET/L
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OIL - Oil prices ticked up on Thursday after Israel and Lebanese armed group Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Lebanon.
Brent crude futures LCOc1 edged up by 30 cents, or 0.4%, to $73.13 a barrel by 1741 GMT.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures rose for a fourth straight session on Thursday, buoyed by stronger rival Dalian oils and bargain buying.
The benchmark palm oil contract FCPOc3 or February delivery on the Bursa Malaysia Derivatives Exchange rose 86 ringgit, or 1.79%, to 4,884 ringgit ($1,099.01) a metric ton at the close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures inched lower on Thursday on a stronger yen and as lower export figures from Toyota Motor, Japan's biggest listed company, weighed on investor sentiment.
The Osaka Exchange (OSE) rubber contract for May delivery JRUc6, 0#2JRU: closed down 0.8 yen, or 0.22%, at 367.1 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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