Asia Morning Call-Global Markets
Oct 23 (Reuters) -
Stock Markets | (closing level) | Net Chng | Stock Markets | Net Chng | |
S&P/ASX 200** | 8205.7 | -138.7 | NZX 50** | 12813.15 | -110.07 |
DJIA | 42924.89 | -6.71 | NIKKEI** | 38411.96 | -542.64 |
Nasdaq | 18573.129 | 33.124 | FTSE** | 8306.54 | -11.7 |
S&P 500 | 5851.2 | -2.78 | Hang Seng** | 20498.95 | 20.49 |
SPI 200 Fut | 8267 | 23 | STI** | 3587.41 | -27.17 |
SSEC** | 3285.8669 | 17.7569 | KOSPI** | 2570.7 | -34.22 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 0.98 | 0.025 | KR 10 YR Bond | 10433.36 | -64.09 |
AU 10 YR Bond | 92.679 | 0.186 | US 10 YR Bond | 97.4375 | -0.109375 |
NZ 10 YR Bond | 98.05 | 0.039 | US 30 YR Bond | 96.09375 | -0.046875 |
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Currencies | |||||
SGD US$ | 1.3159 | -0.0007 | KRW US$ | 1380.26 | 1.26 |
AUD US$ | 0.6683 | 0.0025 | NZD US$ | 0.6047 | 0.0018 |
EUR US$ | 1.0801 | -0.0014 | Yen US$ | 150.91 | 0.09 |
THB US$ | 33.47 | -0.02 | PHP US$ | 57.780 | 0.13 |
IDR US$ | 15555 | 65 | INR US$ | 84.07 | 0 |
MYR US$ | 4.3250 | 0.025 | TWD US$ | 32.058 | 0.093 |
CNY US$ | 7.1239 | 0.0029 | HKD US$ | 7.7718 | -0.0011 |
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Commodities | |||||
Spot Gold | 2745.82 | 26.1747 | Silver (Lon) | 34.76 | 1 |
U.S. Gold Fut | 2760.6 | 21.7 | Brent Crude | 76.23 | 1.94 |
Iron Ore | 762 | 6.5 | TRJCRB Index | - | - |
TOCOM Rubber | 390.2 | -0.9 | Copper | 9619 | 60 |
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** indicates closing price
All prices as of 2116 GMT
EQUITIES
GLOBAL - A gauge of global shares was lower on Tuesday, on track for the second consecutive day of losses, with U.S. yields higher as markets weighed uncertainty ahead of the U.S. election as well as the outlook on interest rate cuts.
MSCI's gauge of stocks across the globe .MIWD00000PUS fell 0.41% to 850.08.
For a full report, click on MKTS/GLOB
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NEW YORK - US stocks reversed course to rise on Tuesday afternoon while investors kept an eye on higher Treasury yields and continued to evaluate earnings to assess the health of American companies.
At 02:26 p.m. the Dow Jones Industrial Average .DJI rose 54.67 points, or 0.13%, to 42,986.27, the S&P 500 .SPX gained 1.39 points, or 0.02%, to 5,855.37 and the Nasdaq Composite .IXIC gained 44.42 points, or 0.24%, to 18,583.92.
For a full report, click on .N
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LONDON - European stocks slipped on Tuesday, as investors navigated geopolitical and global interest-rate cut uncertainties, while German company SAP's strong outlook boosted tech stocks and helped cushion some losses.
The pan-European STOXX 600 index .STOXX closed 0.2% lower, paring early losses that saw the index hit a two-week low.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average closed lower on Tuesday amid concerns the ruling party may lose its lower house majority in the coming election, while Wall Street's weak finish overnight also weighed on market sentiment.
The Nikkei .N225 fell 1.39% to 38,411.96.
For a full report, click on .T
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SHANGHAI - China stocks extended gains on Tuesday as local financial institutions stepped up tapping the central bank's new policy tool to bring incremental funds to bolster the equity market. Hong Kong shares were largely flat.
The blue-chip CSI300 Index .CSI300 climbed 0.6%.
For a full report, click on .SS
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AUSTRALIA - Australian shares were poised to open slightly higher on Wednesday, potentially helped by strong oil and gold prices, with uncertainty over U.S. presidential elections and the outlook of interest rate cuts capping gains.
The local share price index futures YAPcm1 rose 0.3%, a 59.3-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 1.7% on Tuesday.
For a full report, click on .AX
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SEOUL - South Korean shares fell more than 1% on Tuesday, tracking Wall Street's overnight losses on a rise in U.S. Treasury yields.
The benchmark KOSPI .KS11 closed down 34.22 points, or 1.3%, at 2,570.70, marking its lowest level since Oct. 4 and biggest daily percentage loss since Sept. 30.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar rose to a fresh 2-1/2-month high on Tuesday, continuing its recent ascent on expectations the Federal Reserve will temper its interest rate cut path, while investors positioned ahead of an apparently tight U.S. presidential election.
The dollar index =USD, which measures the greenback against a basket of currencies, including the yen and the euro, rose 0.12% to 104.08, after hitting 104.10, its highest since Aug. 2.
For a full report, click on USD/
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SHANGHAI - China's yuan dipped slightly on Tuesday as the dollar was underpinned by rising odds of former President Donald Trump winning next month's U.S. election and on expectations the Federal Reserve will resist aggressive monetary easing.
The spot yuan CNY=CFXS opened at 7.1240 per dollar and was last trading 22 pips lower than the previous late session close and 0.01% weaker than the midpoint.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars were stuck near multi-month lows on Tuesday as higher Treasury yields bolstered their U.S. counterpart, while local bonds also took a kicking.
The Aussie dollar AUD=D3 was struggling at $0.6655, the lowest in six weeks, having tumbled 0.7% overnight.
For a full report, click on AUD/
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SEOUL - South Korean shares fell more than 1% on Tuesday, tracking Wall Street's overnight losses on a rise in U.S. Treasury yields.
The won was quoted 0.09% lower at 1,380.1 per dollar on the onshore settlement platform KRW=KFTC, after touching its lowest level since July 31 at 1,382.8.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields hit a three-month high on Tuesday as hedging before the November 5 U.S. elections and expectations for a less dovish Federal Reserve dampened demand for the U.S. government debt.
Benchmark 10-year note yields US10YT=RR were last up 2.2 basis points at 4.204% and earlier reached 4.222%, the highest since July 26.
For a full report, click on US/
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LONDON - Germany's 10-year bond yield rose to its highest level in almost two months on Tuesday, tracking U.S. Treasuries, as a range of factors including doubts about the speed of central bank rate cuts pushed down prices.
Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone, rose as high as 2.334%, the highest since Sept. 3, after climbing 10 bps on Monday.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields rose on Tuesday, as investors sold bonds after U.S. Treasury yields rose and the yen hit a near three-month low.
The 10-year JGB yield JP10YTN=JBTC rose to as high as 0.985%, its highest since Aug. 2, and was last up 2 basis points (bps) at 0.975%.
For a full report, click on JP/
COMMODITIES
GOLD - Gold climbed 1% to hit an all-time peak on Tuesday as factors including safe-haven demand, spurred by U.S. election uncertainties and the Middle East war, combined with expectations of further monetary easing to amplify bullion's surge.
Spot gold XAU= rose 0.9% to $2,746.69 per ounce by 1:40 p.m. ET (1740 GMT) after hitting a record $2,748.23 earlier in the session.
For a full report, click on GOL/
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IRON ORE - Prices of iron ore futures fell on Tuesday, weighed down by concerns that demand for the key steelmaking raw material will slide, with steel demand in top consumer China showing signs of softening.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 surrendered some earlier losses to end daytime trade 0.52% lower at 762 yuan ($107) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - London copper prices rose on Tuesday, as expectations of further stimulus measures and demand recovery in top consumer China countered pressure from a firmer U.S. dollar.
Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.9% to $9,648 per metric ton by 0705 GMT.
For a full report, click on MET/L
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OIL - Oil prices rose for the second consecutive session on Tuesday, as traders downplayed hopes of a Middle East ceasefire and focused on a tightening global supply and demand balance.
Brent crude futures LCOc1 for December settlement were up $1.61, or 2.2%, to $75.90 per barrel at 2:10 p.m. ET (1810 GMT).
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures rose more than 2% on Tuesday, boosted by strength in rival oils.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 88 ringgit, or 2.05%, to 4,387 ringgit ($1,014.34) a metric ton at the close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures gained on Tuesday as traders weighed a firmer demand outlook against prospects of easing supply pressures, while a weaker yen also lent support to prices.
The March Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: closed up 2.1 yen, or 0.54%, at 391.1 yen ($2.59) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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