Asia Morning Call-Global Markets
Oct 10 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8187.4 | 10.5 | NZX 50** | 12776.13 | 220.1400 |
DJIA** | 42460.13 | 379.76 | NIKKEI** | 39277.96 | 340.42 |
Nasdaq** | 18258.322 | 75.406 | FTSE** | 8243.74 | 53.13 |
S&P 500** | 5783.12 | 31.99 | Hang Seng** | 20637.24 | -289.55 |
SPI 200 Fut | 8246 | 29 | STI** | 3595.66 | 19.97 |
SSEC** | 3258.8578 | -230.9173 | KOSPI** | 2594.36 | -16.02 |
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Bonds | Net Chng | Bonds | Net Chng | ||
JP 10 YR Bond | 0.93 | 0.01 | KR 10 YR Bond | 10461.54 | 22.92 |
AU 10 YR Bond | 94.124 | -0.219 | US 10 YR Bond | 98.40625 | -0.296875 |
NZ 10 YR Bond | 99.289 | -0.061 | US 30 YR Bond | 98.328125 | -0.421875 |
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Currencies | Net Chng | Net Chng | |||
SGD US$ | 1.3073 | 0.0033 | KRW US$ | 7.0818 | 7.31 |
AUD US$ | 0.6715 | -0.0031 | NZD US$ | 0.6053 | -0.0083 |
EUR US$ | 1.0937 | -0.0043 | Yen US$ | 149.26 | 1.06 |
THB US$ | 33.50 | -0.03 | PHP US$ | 57.106 | 0.277 |
IDR US$ | 15615 | -25 | INR US$ | 83.9340 | -0.0110 |
MYR US$ | 4.2800 | -0.0050 | TWD US$ | 32.270 | 0.048 |
CNY US$ | 7.0818 | 0.0223 | HKD US$ | 7.7714 | -0.0034 |
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Commodities | Net Chng | Net Chng | |||
Spot Gold | 2608.42 | -13.6948 | Silver (Lon) | 30.4405 | -0.2595 |
U.S. Gold Fut | 2626.7 | -8.7 | Brent Crude | 76.36 | -0.82 |
Iron Ore | 777.5 | -3.5 | TRJCRB Index | - | - |
TOCOM Rubber | 398 | -8 | LME Copper | 9671.5 | -71 |
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** indicates closing price
All prices as of 2028 GMT
EQUITIES
GLOBAL - Global stocks advanced on Wednesday along with U.S. Treasury yields, as investors digested minutes from the Federal Reserve's September meeting and awaited inflation data for clues on the central bank's interest rate path.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 2.12 points, or 0.25%, to 846.90 and was on track for a second straight session of gains.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's three main stock indexes closed higher on Wednesday as investors digested Federal Reserve meeting minutes ahead of September inflation data and earnings reports, but Alphabet shares fell on fears the U.S. would break up Google.
According to preliminary data, the S&P 500 .SPX gained 40.45 points, or 0.70%, to end at 5,791.58 points, while the Nasdaq Composite .IXIC gained 108.91 points, or 0.60%, to 18,291.82. The Dow Jones Industrial Average .DJI rose 432.48 points, or 1.03%, to 42,512.85.
For a full report, click on .N
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LONDON - European stocks settled higher on Wednesday, bouncing from losses in the previous session as investors focussed on upcoming interest rate cuts and a key U.S. inflation report later this week.
The continent-wide STOXX 600 index .STOXX was up 0.6%.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average rose on Wednesday, as tech stocks tracked their U.S. peers higher and renewed hopes of a China stimulus helped lift the mood.
The Nikkei .N225 climbed 0.87% to end the day at 39,277.96 points, with the chip sector and other high-tech names making up four of the top five points gainers.
For a full report, click on .T
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SHANGHAI - Chinese stocks tumbled on Wednesday alongside their Hong Kong peers, as investors sought to profit from a blistering rally, which was dampened by the lack of powerful stimulus measures to revive the economy.
The Shanghai Composite index .SSEC slid 6.6% to 3,258.86 points.
For a full report, click on .SS
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AUSTRALIA - Australian shares were poised to open higher on Thursday in tandem with its U.S. peers as traders await U.S. september inflation print while miners expected to fall on iron ore price dip.
The local share price index futures YAPcm1 rose 0.4%, a 62.6-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended 0.1% higher on Wednesday.
For a full report, click on .AX
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SEOUL - South Korean financial markets are closed on Wednesday for a public holiday. Markets will resume normal trading hours on Thursday, Oct. 10.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to assess the interest rate outlook for the United States.
The dollar index =USD, which measures the greenback against a basket of currencies, edged up 0.11% to 102.6, not far from Friday's seven-week high of 102.69.
For a full report, click on USD/
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CHINA - China's yuan held steady against the U.S. dollar on Wednesday, as investors awaited more stimulus from the world's second-largest economy and the Federal Reserve's September meeting minutes due later in the day to gauge its policy path.
Spot yuan CNY=CFXS opened at 7.0650 per dollar and was last trading 12 pips lower than the previous late session close at 7.066.
For a full report, click on CNY/
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AUSTRALIA - The New Zealand dollar hit a seven-week low on Wednesday after the central bank stepped up policy easing with a half-point rate cut, sending bond yields lower.
Investors reacted by knocking the kiwi dollar down 0.6% to $0.6103 NZD=D3, breaching a key support level of $0.6105, the low from September.
For a full report, click on AUD/
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SEOUL - South Korean financial markets are closed on Wednesday for a public holiday. Markets will resume normal trading hours on Thursday, Oct. 10.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields were marginally higher on Wednesday, with those on 10-year notes rising for six straight sessions, as investors continued to price in a less aggressive monetary easing cycle from the Federal Reserve.
In late morning trading, the yield on the benchmark U.S. 10-year note US10YT=RR had inched higher to 4.041%.
For a full report, click on US/
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LONDON - Euro zone bond yields were steady on Wednesday, holding above last week's multi-month lows, as investors awaited fresh impetus before the European Central Bank's policy meeting next week where another rate cut is likely.
The euro zone benchmark, Germany's 10-year yield DE10YT=RR, was last up 1 bp at 2.255%, around its highest since early September.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bonds (JGB) yields edged higher on Wednesday but lacked momentum amid a dearth of catalysts a day ahead of a keenly anticipated U.S. consumer price report.
The 10-year JGB yield JP10YTN=JBTC rose 1 basis point (bp) to 0.93% as of 0552 GMT, staying at the top of its range of the past month.
For a full report, click on JP/
COMMODITIES
GOLD
Gold retreated for the sixth straight day on Wednesday on an advancing dollar and diminished expectations for a larger rate cut in November while markets awaited minutes from the Federal Reserve's September policy meeting for further insights.
Spot gold XAU= fell 0.5% to $2,609.13 per ounce by 12:55 p.m. ET (1655 GMT)
For a full report, click on GOL/
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IRON ORE
Prices of Dalian iron ore futures languished on Wednesday, as an absence of further fiscal measures following China's outsized stimulus package disappointed investors and saw the market's previously stimulus-driven frenzy fade.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade down 3.6% at 777.5 yuan ($110.12) a metric ton, after tumbling more than 4% earlier in the session.
For a full report, click on IRONORE/
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BASE METALS
Aluminium prices fell further on Wednesday, with producers selling forward to lock in high prices and amid uncertainty over China's plan to revive its economy.
Three-month aluminium on the London Metal Exchange CMAL3 dipped 2.5% to $2,505 per metric ton, lowest since Sept. 24.
For a full report, click on MET/L
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OIL
Oil prices fell on Wednesday after U.S. data showed rising crude inventories, but losses were limited by the risk of Iranian supply disruptions caused by the Middle East conflict and Hurricane Milton in the U.S.
Brent crude futures LCOc1 settled at$76.58 a barrel, falling 60 cents, or 0.8%
For a full report, click on O/R
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PALM OIL
Malaysian palm oil futures fell on Wednesday, reversing earlier gains, as market participants awaited key official domestic supply and demand data for further direction.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange was down 20 ringgit, or 0.47%, to 4,251 ringgit ($993.22) a metric ton at the close.
For a full report, click on POI/
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RUBBER
Japanese rubber futures regained their footing on Wednesday, buoyed by concerns of wet weather disrupting global supply, although fading enthusiasm from top consumer China's stimulus measures capped gains.
The March Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: closed up 10.4 yen, or 2.63%, at 406.0 yen ($2.73) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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