Asia Morning Call-Global Markets
Oct 25 (Reuters) -
Stock Markets | (closing level) | Net Chng | Stock Markets | Net Chng | |
S&P/ASX 200** | 8206.3 | -9.7 | NZX 50** | 12814.07 | 26.47 |
DJIA | 42361.24 | -153.71 | NIKKEI** | 38143.29 | 38.43 |
Nasdaq | 18388.073 | 111.419 | FTSE** | 8269.38 | 10.74 |
S&P 500 | 5806.47 | 9.05 | Hang Seng** | 20489.62 | -270.53 |
SPI 200 Fut | 8237 | 4 | STI** | 3604.95 | 4.17 |
SSEC** | 3280.2625 | -22.5403 | KOSPI** | 2581.03 | -18.59 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 0.95 | -0.025 | KR 10 YR Bond | 10488.23 | 48.94 |
AU 10 YR Bond | 92.455 | 0.188 | US 10 YR Bond | 97.515625 | 0.453125 |
NZ 10 YR Bond | 97.901 | -0.037 | US 30 YR Bond | 96.65625 | 0.984375 |
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Currencies | |||||
SGD US$ | 1.3187 | -0.0042 | KRW US$ | 1379.55 | -0.40 |
AUD US$ | 0.6635 | 0 | NZD US$ | 0.6014 | 0.0009 |
EUR US$ | 1.0819 | 0.0039 | Yen US$ | 151.64 | -1.11 |
THB US$ | 33.70 | -0.10 | PHP US$ | 57.934 | -0.144 |
IDR US$ | 15575 | -40 | INR US$ | 84.05 | -0.0060 |
MYR US$ | 4.3450 | -0.0020 | TWD US$ | 32.082 | -0.002 |
CNY US$ | 7.1200 | -0.0125 | HKD US$ | 7.7699 | 0.0012 |
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Commodities | |||||
Spot Gold | 2734.86 | 17.32 | Silver (Lon) | 33.57 | -0.155 |
U.S. Gold Fut | 2748.1 | 18.7 | Brent Crude | 74.42 | 0.54 |
Iron Ore | CNY755.0 | 9 | TRJCRB Index | - | - |
TOCOM Rubber | 383.7 | -2 | LME Copper | 9557 | 35.5 |
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** indicates closing price
All prices as of 1808 GMT
EQUITIES
GLOBAL - Global shares were flat in choppy trading on Thursday, while U.S. Treasury yields and strong corporate results allayed worries over upcoming U.S. elections and rate cuts.
MSCI's gauge of stocks across the globe .MIWD00000PUS eased 0.02% to 844.16.
For a full report, click on MKTS/GLOB
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NEW YORK - The Nasdaq jumped on Thursday, driven by Tesla's positive earnings forecast, which buoyed market sentiment despite declines from other corporate results and pressure from rising Treasury yields.
The Dow Jones Industrial Average .DJI fell 234.37 points, or 0.55%, to 42,280.58, the S&P 500 .SPX lost 0.33 points, or 0.01%, to 5,797.09 and the Nasdaq Composite .IXIC gained 67.23 points, or 0.37%, to 18,343.89.
For a full report, click on .N
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LONDON - European shares gave up early gains to close little changed on Thursday as investors assessed signs of stalling business activity and a raft of earnings from the likes of online gaming group Evolution, carmaker Renault and consumer major Unilever.
The pan-European STOXX 600 index .STOXX ended flat following three straight sessions in the red.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average ended marginally higher on Thursday, just about ending a three-session losing run as investors fret about the country's political stability.
The Nikkei .N225 ended up 0.1% at 38,143.29.
For a full report, click on .T
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SHANGHAI - China and Hong Kong stocks ended lower on Thursday, with key mainland gauges snapping their four-day winning streak, as investors grew cautious and weighed the potential impact from the upcoming U.S. presidential election.
At the close, the Shanghai Composite index .SSEC was down 0.68% at 3,280.26 points, while the blue-chip CSI300 index .CSI300 was down 1.12%.
For a full report, click on .SS
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AUSTRALIA - Australian shares closed largely flat on Thursday as gains in banks and healthcare stocks countered losses in miners, while Fortescue and Brambles declined as their quarterly updates disappointed investors.
The finance and commodities-heavy S&P/ASX 200 .AXJO edged 0.1% lower to end trade at 8,206.3.
For a full report, click on .AX
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SEOUL - South Korean shares fell on Thursday on weak macroeconomic data and corporate earnings, although chipmaker SK Hynix, which posted a record-high profit, rose.
The benchmark KOSPI .KS11 closed down 18.59 points, or 0.72%, at 2,581.03.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The euro and Japanese yen rose on Thursday as the U.S. dollar stalled after rallying to a nearly three-month high, but the greenback moved off earlier lows as data supported views for slower rate cuts by the Federal Reserve.
The dollar index =USD, which measures the greenback against a basket of currencies, fell 0.22% to 104.21.
For a full report, click on USD/
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SHANGHAI - China's yuan inched higher against the dollar on Thursday, as investors took heart from prospects for more fiscal stimulus measures though worries about the outcome of next month's U.S. presidential election capped the upside.
As of 0313 GMT, the onshore yuan CNY=CFXS was 0.23% higher at 7.1163 per dollar.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars edged up on Thursday after taking heavy losses the previous day as the U.S. currency pulled ahead on growing expectations of a possible second Donald Trump presidency, while the sell-off in bonds also steadied.
The Aussie AUD=D3 rose 0.2% to $0.6646, having fallen 0.7% overnight to as low as $0.6613.
For a full report, click on AUD/
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SEOUL - South Korean shares fell on Thursday on weak macroeconomic data and corporate earnings, although chipmaker SK Hynix, which posted a record-high profit, rose.
The won was quoted at 1,380.2 per dollar on the onshore settlement platform KRW=KFTC, 0.10% higher than its previous close at 1,381.6.
For a full report, click on KRW/
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TREASURIES
NEW YORK - Benchmark 10-year Treasury yields fell from a three-month high on Thursday after reaching levels that drew buying interest, though the market is expected to remain under pressure ahead of next week’s jobs report for October and the November U.S. elections.
Benchmark 10-year note yields US10YT=RR were last down 0.8 basis points at 4.234% after reaching 4.26% on Wednesday, the highest since July 26.
For a full report, click on US/
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LONDON - Euro zone government bond yields fell for a second day on Thursday after business activity data confirmed growth is set to remain sluggish in the fourth quarter, supporting the case for further European Central Bank rate cuts.
Germany's 10-year yield DE10YT=RR, the benchmark for the euro zone, was down 7 bps at 2.242%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond (JGB) yields fell on Thursday as investors were cautious ahead of the country's upcoming lower house election results.
The 10-year JGB yield JP10YTN=JBTC fell 2 basis points (bps) to 0.955%.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices rose by nearly 1% on Thursday to trade near record highs as safe-haven demand from persistent geopolitical concerns bolstered prices, while palladium saw an 8% surge on concerns of supply sanctions on top-producer Russia.
Spot gold XAU= was up 0.4% at $2,727.73 per ounce by 12:15 p.m. ET (1615 GMT).
For a full report, click on GOL/
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IRON ORE - Dalian iron ore futures prices declined on Thursday, as investors weighed mixed production data while a softer global steel market outlook added pressure on prices.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.26% lower at 755.0 yuan ($106.13) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - Zinc prices in London hit their highest in more than 20 months on Thursday as the key spread on the London Metal Exchange (LME) jumped to a massive premium, though rising LME stocks and flat demand in top metals consumer China helped to cap gains.
LME copper CMCU3 slid 0.1% to $9,510.50 a ton.
For a full report, click on MET/L
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OIL - Oil prices fell by about 1% in volatile trade on Thursday on worries that slow economic growth in Europe could reduce energy demand, as uncertainty around conflict in the Middle East kept traders on edge ahead of the U.S. presidential election.
Brent LCOc1 futures fell 54 cents, or 0.7%, to $74.42 a barrel by 11:48 a.m. EDT (1548 GMT)
For a full report, click on O/R
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PALM OIL - Malaysian palm oil jumped more than 2% on Thursday, supported by expectations of palm production declines and lower national stockpiles.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 116 ringgit, or 2.59%, to 4,602 ringgit a metric ton at the close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures extended losses to a second session on Thursday, as investors weighed easing weather-related supply disruptions and lower synthetic rubber prices against a weaker yen.
The March Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: closed down 0.9 yen, or 0.23%, at 385.7 yen ($2.54) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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