Asia Morning Call-Global Markets
Aug 20 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7997.7 | 17.3 | NZX 50** | 12558.08 | -104.03 |
DJIA | 40884.94 | -11.59 | NIKKEI** | 38062.92 | 674.3 |
Nasdaq | 17861.071 | -15.7 | FTSE** | 8273.32 | -83.62 |
S&P 500 | 5606.43 | -1.82 | Hang Seng** | 17511.08 | -58.49 |
SPI 200 Fut | 7915 | -26 | STI** | 3370.31 | 14.75 |
SSEC** | 2866.661 | -27.0128 | KOSPI** | 2696.63 | 22.27 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 0.89 | 0.005 | KR 10 YR Bond | 10492.8 | -3.47 |
AU 10 YR Bond | 102.788 | 0.393 | US 10 YR Bond | 100.421875 | 0.359375 |
NZ 10 YR Bond | 100.113 | 0 | US 30 YR Bond | 103.03125 | 0.71875 |
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Currencies | |||||
SGD US$ | 1.3053 | -0.1912 | KRW US$ | 1,329.17 | -2.47 |
AUD US$ | 0.67460 | 0.193 | NZD US$ | 0.6156 | 0.0043 |
EUR US$ | 1.1120 | 0.0035 | Yen US$ | 145.42 | -1.15 |
THB US$ | 34.18 | -0.23 | PHP US$ | 56.565 | -0.045 |
IDR US$ | 15,430 | -115 | INR US$ | 83.75 | -0.1 |
MYR US$ | 4.3750 | -0.0030 | TWD US$ | 31.980 | -0.042 |
CNY US$ | 7.1285 | -0.0105 | HKD US$ | 7.7885 | 0.0002 |
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Commodities | |||||
Spot Gold | 2513.53 | 9.6059 | Silver (Lon) | 29.4851 | 0.0101 |
U.S. Gold Fut | 2552.2 | 10.9 | Brent Crude | 77.39 | -0.27 |
Iron Ore | CNY710.5 | -1.5 | TRJCRB Index | - | - |
TOCOM Rubber | 332.9 | 1.9 | LME Copper | 9181.5 | -70.5 |
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** indicates closing price
All prices as of 1846 GMT
EQUITIES
GLOBAL - Global stocks hovered near their highest in a month on Tuesday, drawing support from expectations that the U.S. Federal Reserve could offer further hints of imminent interest rate cuts and easing recession worries.
That kept a MSCI index for global stocks .MIWO00000PUS unchanged near its strongest level in over a month.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes slipped in volatile trading on Tuesday, ahead of a symposium at Jackson Hole later this week and minutes from the Federal Reserve's meeting last month which could offer clues on a September interest rate cut.
At 11:34 a.m. ET, the Dow Jones Industrial Average .DJI fell 127.71 points, or 0.31%, to 40,768.82, the S&P 500 .SPX lost 14.46 points, or 0.25%, to 5,594.04 and the Nasdaq Composite .IXIC lost 69.11 points, or 0.39%, to 17,807.67.
For a full report, click on .N
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LONDON - Europe's main stock index snapped a five-day winning streak on Tuesday, dragged down by heavyweight energy stocks, with investors sizing up domestic economic data and bracing for this week's meeting of central bankers in Jackson Hole.
The pan-European STOXX 600 index .STOXX closed 0.5% lower, erasing early gains and easing from the near three-week high level hit earlier in the day.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average closed higher in a widespread rally on Tuesday, supported by a softer yen and technology share gains, as an encouraging U.S. economic outlook continued to support risk appetite globally.
The Nikkei .N225 rose more than 2% during the session before finishing up 1.8% at 38,062.92, its highest closing level since Aug. 1.
For a full report, click on .T
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SHANGHAI - China and Hong Kong stocks dropped on Tuesday as recent economic indicators offered little comfort to investors, while a lack of fresh stimulus policies also kept them on the sidelines.
The blue-chip CSI 300 index .CSI300 lost 0.72.
For a full report, click on .SS
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AUSTRALIA - Australian shares drifted in a narrow range on Tuesday as miners and IT stocks rose, while a slump in real estate stocks curbed gains as traders assessed central bank minutes from its recent policy decision.
The S&P/ASX 200 index .AXJO inched 0.2% higher to 7997.7 at the close of trade.
For a full report, click on .AX
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SEOUL - South Korean shares rose on Tuesday, led by heavyweight chipmakers, as investors focussed on domestic and global monetary policy events for further direction.
The benchmark KOSPI .KS11 closed up 22.27 points, or 0.83%, at 2,696.63.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The dollar fell to its lowest level since January on Tuesday as investors awaited revisions to U.S. payrolls data on Wednesday and Federal Reserve Chair Jerome Powell's speech to the Jackson Hole economic conference in Wyoming later in the week.
The dollar index =USD was last down 0.22% at 101.65, having reached 101.62, its lowest level since Jan. 2.
For a full report, click on USD/
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SHANGHAI - China's yuan rose against the dollar on Tuesday, as the greenback fell to a seven-month low on growing expectations the U.S. central bank will cut interest rates next month.
The spot yuan CNY=CFXS opened at 7.1295 per dollar, the strongest since Aug. 5, and was last trading 58 pips below the previous late session close and 0.17% weaker than the midpoint.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars hovered near their one-month highs on Tuesday, supported by expectations the U.S. is almost certain to cut interest rates next month, while a slump in iron ore prices steadied for now.
The Aussie AUD=D3 slipped 0.2% to $0.6718, having climbed 0.9% overnight to close at the highest level in a month.
For a full report, click on AUD/
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SEOUL - South Korean shares rose on Tuesday, led by heavyweight chipmakers, as investors focussed on domestic and global monetary policy events for further direction.
The won was quoted at 1,333.2 per dollar on the onshore settlement platform KRW=KFTC, 0.12% higher than its previous close at 1,334.8.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields slipped on Tuesday as an interest rate cut next month loomed large heading into Federal Reserve Chair Jerome Powell's remarks on Friday at a central bank gathering in Jackson Hole, Wyoming.
In late morning trading, the benchmark 10-year yield dipped 3.8 bps to 3.83% US10YT=RR.
For a full report, click on US/
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LONDON - Euro zone bond yields inched lower on Tuesday as investors waited for fresh economic data on Thursday and a meeting of the world's central bankers later in the week.
Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone, was 3 basis points (bps) lower at 2.218%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields moved without a clear direction on Tuesday, amid conflicting messages from top Bank of Japan officials and ahead of the U.S. Federal Reserve's closely watched Jackson Hole symposium later in the week.
Benchmark 10-year JGB futures 2JGBv1 rose 0.04 yen to 144.76 as of 0512 GMT, taking cues from an overnight decline in U.S. yields.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the Federal Reserve will likely cut interest rates in September.
Spot gold XAU= rose 0.3% to $2,510.35 per ounce by 01:44 p.m. ET [1744 GMT], after hitting an all-time high of $2,531.60 earlier in the session.
For a full report, click on GOL/
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IRON ORE - Dalian iron ore climbed on Tuesday, supported by a persistent rise in steel prices in top consumer China, although lingering doubts around demand prospects amid a lack of forceful stimulus capped gains.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.21% higher at 710.5 yuan ($99.45) a metric ton, rising for a second consecutive session.
For a full report, click on IRONORE/
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BASE METALS - Copper prices in London fell on Tuesday after a short-covering rally ended and as demand concerns remained in top consumer China.
Three-month copper on the London Metal Exchange CMCU3 fell 0.2% to $9,234 per metric ton by 0732 GMT.
For a full report, click on MET/L
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OIL - Oil prices dipped on Tuesday, hovering near a two-week low as Middle East supply concerns eased after Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, and as economic weakness in China weighed on fuel demand.
Brent LCOc1 futures for October delivery fell 27 cents, or 0.4%, to $77.39 a barrel by 11:46 a.m. EDT (1546 GMT) .
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures slipped on Tuesday, weighed down by weakexport data and weakness in Chicago soyoil contract, while stronger Dalian vegetable oils limited losses.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange lost 6 ringgit, or 0.16%, to 3,715 ringgit ($849.14) a metric ton at close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures rose to a six-week peak on Tuesday, buoyed by higher synthetic rubber prices and global supply disruptions, while a softer yen also lent support to the market.
The Osaka Exchange (OSE) rubber contract for January delivery JRUc6, 0#2JRU: closed up 4.5 yen, or 1.38%, at 331 yen ($2.25) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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