Asia Morning Call-Global Markets
Nov 5 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8164.6 | 45.8 | NZX 50** | 12590.6 | 31.32 |
DJIA | 41851.25 | -200.94 | NIKKEI** | 38053.67 | -1027.58 |
Nasdaq | 18223.96 | -15.957 | FTSE** | 8184.24 | 7.09 |
S&P 500 | 5719.55 | -9.25 | Hang Seng** | 20567.52 | 61.09 |
SPI 200 Fut | 8159 | -9.25 | STI** | 3572.04 | 16.61 |
SSEC** | 3310.2072 | 38.193 | KOSPI** | 2588.97 | 46.61 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 0.94 | 0.005 | KR 10 YR Bond | 10473.46 | -14.26 |
AU 10 YR Bond | 91.274 | -0.165 | US 10 YR Bond | 96.515625 | 0.375 |
NZ 10 YR Bond | 99.142 | -0.082 | US 30 YR Bond | 95.890625 | 0.90625 |
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Currencies | |||||
SGD US$ | 1.3186 | -0.0067 | KRW US$ | 1,375.95 | -2.53 |
AUD US$ | 0.6589 | 0.0030 | NZD US$ | 0.5975 | 0.0012 |
EUR US$ | 1.0881 | 0.0047 | Yen US$ | 152.17 | -0.81 |
THB US$ | 33.72 | -0.22 | PHP US$ | 58.414 | -0.047 |
IDR US$ | 15,750 | 35 | INR US$ | 84.111 | 0.0310 |
MYR US$ | 4.3700 | -0.0050 | TWD US$ | 31.891 | -0.032 |
CNY US$ | 7.0995 | -0.0219 | HKD US$ | 7.7726 | -0.0044 |
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Commodities | |||||
Spot Gold | 2737 | 1.845 | Silver (Lon) | 32.48 | - |
U.S. Gold Fut | 2746.5 | -2.7 | Brent Crude | 75.15 | 73.10 |
Iron Ore | CNY779 | 8.5 | TRJCRB Index | - | - |
TOCOM Rubber | 349.9 | -1.2 | LME Copper | 9683.5 | 113 |
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** indicates closing price
All prices as of 1745 GMT
EQUITIES
GLOBAL - The dollar fell while stocks eked out slim gains on Monday as investors treaded carefully before the U.S. presidential election that will impact the world economy, with a U.S. Federal Reserve interest rate cut also expected later in the week.
MSCI's gauge of stocks across the globe .MIWD00000PUS added 0.3%, while the dollar index =USD, which measures the greenback against a basket of currencies, eased 0.29% to 103.63.
For a full report, click on MKTS/GLOB
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NEW YORK - U.S. stock indexes slipped in choppy trading on Monday, as investors braced for a pivotal week for global markets in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate.
The Dow Jones Industrial Average .DJI fell 397.83 points, or 0.95%, to 41,654.14, the S&P 500 .SPX lost 27.52 points, or 0.48%, to 5,701.28 and the Nasdaq Composite .IXIC lost 73.98 points, or 0.41%, to 18,165.94.
For a full report, click on .N
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LONDON - European shares dipped on Monday as losses in technology stocks offset gains in banks and oil shares, and the focus was on the U.S. presidential election.
The pan-European STOXX 600 .STOXX closed down 0.3%, with tech shares .SX8P dropping 1.1% to lead sectoral declines.
For a full report, click on .EU
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TOKYO - Markets in Japan were on a holiday on account of a national holiday.
For a full report, click on .T
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SHANGHAI - China stocks climbed and Hong Kong markets were steady on Monday as traders positioned for a pivotal week, with an election and likely an interest rate cut in the United States and a major policy meeting in China.
The blue-chip CSI300 index .CSI300 closed up 1.4%, with its financial sector sub-index .CSI300FS higher by 1.8%, and the consumer staples sector .CSI000912 up 1%.
For a full report, click on .SS
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AUSTRALIA - Australian shares ended higher on Monday, with healthcare and banking stocks rising the most, as investors awaited the local central bank's monetary policy decision on Tuesday, while a slump in mining firm Mineral Resources capped gains.
The S&P/ASX 200 index .AXJO rose 0.6% to 8,164.6 at the close of trade to log its strongest session since October 21.
For a full report, click on .AX
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SEOUL - South Korean shares logged their sharpest daily gain in more than five weeks on Monday as the country's opposition Democratic Party leader agreed to support the government's move to scrap a scheme to tax profits on stock investments.
The KOSPI .KS11 closed up 46.61 points, or 1.83%, at 2,588.97.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar slipped on Monday as investors exited from positions that have benefited from speculation Republican former President Donald Trump is more likely to win the presidential election on Tuesday.
The dollar index =USD was last down 0.24% at 103.69.
For a full report, click on USD/
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SHANGHAI - The yuan jumped to a three-week high on Monday in a firm start to a pivotal week that has implied volatility at record highs as the U.S. chooses a new leader and likely cuts interest rates, while China's top legislative body meets in Beijing.
China's currency CNY=CFXS rose about 0.5% to 7.0858 per dollar, if sustained would also make for its sharpest daily rise in three months.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars bounced on Monday as investors reconsidered the outcome for the U.S. presidential election following new polling, while looming central bank meetings should see a U.S. cut and domestic rates stay on hold.
The Aussie added 0.7% to reach $0.6603 AUD=D3, nudging it away from last week's low of $0.6534.
For a full report, click on AUD/
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SEOUL - The won strengthened and the benchmark bond yield rose.
The won was quoted at 1,370.9 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.54% higher than its previous close at 1,378.3.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields fell across the board on Monday as traders looked to square positions ahead of Tuesday's presidential election, moves shaped in part by a poll showing Democratic candidate Vice President Kamala Harris with a surprise lead in Iowaover Republican former President Donald Trump
The yield on the benchmark U.S. 10-year note fell 9 basis points (bps) to 4.28% US10YT=RR, on track for its largest daily fall since late August.
For a full report, click on US/
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LONDON - Longer-dated euro zone bond yields fell slightly on Monday at the start of a potentially volatile week that will include the U.S. presidential election and a Federal Reserve interest rate decision.
Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone bloc, was down 1.5 bps at 2.391%, taking cues from a drop in U.S. yields. Yields move inversely to prices.
For a full report, click on GVD/EUR
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TOKYO - Markets in Japan were on a holiday on account of a national holiday.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices rose on Monday, as U.S. election uncertainty loomed with markets pricing in chances of a contested result and political tensions, while investors also kept a close tab on the Federal Reserve policy meeting later this week.
Spot gold XAU= rose 0.4% to $2,745.29 per ounce as of 9:45 a.m. ET (1445 GMT), having hit a record high of $2,790.15 last Thursday.
For a full report, click on GOL/
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IRON ORE - Iron ore futures swung to gains from losses on the first working day of the week as the market keenly awaited a key meeting of the top leadership in biggest consumer China for cues on stimulus measures.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.91% higher at 779 yuan ($109.78) a metric ton, after touching the lowest since Oct 25 at 760.5 yuan a ton earlier in the session.
For a full report, click on IRONORE/
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BASE METALS - Copper prices climbed to two-week highs on Monday after the dollar fell on expectations of interest rate cuts in the United States and as the market awaited the outcome of the U.S. presidential election this week.
Benchmark copper CMCU3 on the London Metal Exchange (LME) was 1.1% higher at $9,679 a metric ton at 1700 GMT from an earlier session high of $9,723.50 a ton.
For a full report, click on MET/L
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OIL - Oil prices climbed nearly 3% on Monday on OPEC+'s decision to delay plans to increase output by a month, while the market braced for a critical week in which Americans will elect a new president.
Brent futures LCOc1 were up $2.05, or 2.8%, at $75.15 a barrel by 12:50 p.m. ET (1750 GMT).
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures closed up on Monday, following rival vegetable oils, while the market awaits Malaysian Palm Oil Board (MPOB) data and export figures.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 23 ringgit, or 0.47%, to 4,891 ringgit ($1,119.22) a metric ton on the closing.
For a full report, click on POI/
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RUBBER - Markets in Japan were on a holiday on account of a national holiday.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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