Asia Morning Call-Global Markets
Aug 8 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7,699.80 | 19.20 | NZX 50** | 12,326.17 | 80.41 |
DJIA** | 38,853.79 | −143.87 | NIKKEI** | 35,089.62 | 414.16 |
Nasdaq** | 16,277.02 | −89.84 | FTSE** | 8,166.88 | 140.19 |
S&P 500** | 5,219.57 | −20.46 | Hang Seng** | 16,877.86 | 230.52 |
SPI 200 Fut | 7,638.0 | +7.0 | STI** | 3,249.720 | 51.280 |
SSEC** | 2,869.83 | 2.55 | KOSPI** | 2,568.41 | 46.26 |
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Bonds | Net Chng | Bonds | Net Chng | ||
JP 10 YR Bond | 0.880 | 0.001 | KR 10 YR Bond | 2.997 | -0.024 |
AU 10 YR Bond | 4.077 | 0.001 | US 10 YR Bond | 3.9107 | 0.0019 |
NZ 10 YR Bond | 4.338 | -0.007 | US 30 YR Bond | 4.2312 | -0.0027 |
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Currencies | Net Chng | Net Chng | |||
SGD US$ | 1.3275 | 0.0024 | KRW US$ | 1375.20 | 0.68 |
AUD US$ | 0.6517 | 0.0001 | NZD US$ | 0.5995 | 0.0001 |
EUR US$ | 1.0923 | -0.0007 | Yen US$ | 146.87 | 0.03 |
THB US$ | 35.60 | 0.15 | PHP US$ | 57.630 | -0.170 |
IDR US$ | 16030 | -130 | INR US$ | 83.8850 | -0.0450 |
MYR US$ | 4.4920 | 0.0220 | TWD US$ | 32.651 | -0.104 |
CNY US$ | 7.1852 | 0.0207 | HKD US$ | 7.7979 | 0.0001 |
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Commodities | Net Chng | Net Chng | |||
Spot Gold | 2,388.16 | -5.82 | Silver (Lon) | - | - |
U.S. Gold Fut | 2,432.40 | 0.8 | Brent Crude | 78.33 | 1.85 |
Iron Ore | CNY749 | -14 | TRJCRB Index | - | - |
TOCOM Rubber | JPY319.9 | 6.2 | LME Copper | 8,771 | -152 |
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** indicates closing price
All prices as of 2000 GMT
EQUITIES
GLOBAL - Wall Street equity indexes lost ground after opening higher on Wednesday while a bond auction pushed Treasury yields higher.
MSCI's gauge of stocks across the globe .MIWD00000PUS pared gains and last rose 0.88 points, or 0.11%, to 771.87 after earlier hitting a session high of 783.83.
For a full report, click on MKTS/GLOB
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NEW YORK - U.S. stocks ended lower on Wednesday as technology shares declined, with investor jitters stoked by weak demand in a 10-year Treasury auction.
According to preliminary data, the S&P 500 .SPX lost 40.36 points, or 0.77%, to end at 5,199.67 points, while the Nasdaq Composite .IXIC lost 167.99 points, or 1.03%, to 16,198.86. The Dow Jones Industrial Average .DJI fell 222.06 points, or 0.57%, to 38,775.60.
For a full report, click on .N
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LONDON - A strong comeback by banks on Wednesday helped Europe's main stock index log its biggest one-day gain since November, even though the continent's largest company by market cap Novo Nordisk slid after trimming its full-year profit outlook.
The pan-European STOXX 600 .STOXX closed 1.5% higher but remained below the key 500-point mark following the recent selloff sparked by U.S. recession fears.
For a full report, click on .EU
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TOKYO - Japanese shares ended higher on Wednesday in a rollercoaster week of double-digit losses and gains that led the Bank of Japan's deputy governor to reassure investors there would be no interest rate rises amid market volatility.
The Nikkei .N225, which had fallen over 2% during early trade, rallied on the deputy governor's remarks to rise more than 3%. It closed up 1.19% at 35,089.62.
For a full report, click on .T
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SHANGHAI - China stocks edged up on Wednesday as the country's trade data showed a robust growth in imports, while weaker-than-expected export data capped gains.
By the midday break, the Shanghai Composite index .SSEC rose 0.31% at 2,876.17 points and the blue-chip CSI 300 index .CSI300 rose 0.18%.
For a full report, click on .SS
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AUSTRALIA - Australian shares were set to lower on Thursday, as market participants remained on edge about global economic outlook while a fall in commodity prices could potentially drag the mining stocks lower.
The local share price index futures YAPcm1 fell 0.2%, a 79.8-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.3% on Wednesday.
For a full report, click on .AX
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SEOUL - China stocks edged up on Wednesday as the country's trade data showed a robust growth in imports, while weaker-than-expected export data capped gains. Hong Kong shares also rose.
By the midday break, the Shanghai Composite index .SSEC rose 0.31% at 2,876.17 points and the blue-chip CSI 300 index .CSI300 rose 0.18%.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The yen dropped on Wednesday after an influential Bank of Japan official played down the chances of a near-term rate hike, soothing investors' concerns that a further jump in the Japanese currency could again rock global markets.
The U.S. dollar index =USD, which measures the currency against six rivals, rose 0.214% to 103.2.
For a full report, click on USD/
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CHINA - The yuan slipped against the U.S. dollar on Wednesday after official guidance was set at its weakest level in more than eight months and growth in Chinese exports for July was weaker than expected.
Spot yuan CNY=CFXS opened at 7.1662 per dollar and was last trading at 7.1802 as of 0236 GMT, 252 pips lower than the previous late session close.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars rallied on Wednesday as surprisingly dovish comments from the Bank of Japan boosted risk sentiment and dragged the yen sharply lower.
Aussie edge up 0.4% on the U.S. dollar to $0.6543 AUD=D3.
For a full report, click on AUD/
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SEOUL - The South Korean won was little changed against the dollar on Wednesday.
The won was quoted at 1,376.8 per dollar on the onshore settlement platform KRW=KFTC, 0.07% higher than its previous close at 1,377.7.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields rose on Wednesday after the Treasury Department saw soft demand for a $42 billion sale of 10-year notes and as companies rushed to sell debt as risk appetite improved.
Benchmark 10-year note yields US10YT=RR rose 8 basis points to 3.968%, after reaching 3.667% on Monday, the lowest since June 2023.
For a full report, click on US/
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LONDON - Germany's 10-year bond yield was on track for its biggest daily increase in more than five weeks on Wednesday, as some calm returned to markets following days of turbulent trading, prompting investors to exit safe-haven assets.
German 10-year Bund yields DE10YT=RR - the euro zone benchmark - rose 8.4 basis points (bps) to 2.266%
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields fell on Wednesday as expectations for the Bank of Japan's rate hike receded after dovish comments from its influential deputy governor.
The 10-year JGB yield JP10YTN=JBTC fell 1 basis point to 0.8%, after hitting 0.905% earlier in the session.
For a full report, click on JP/
COMMODITIES
GOLD
Gold prices pared gains on Wednesday as the U.S. dollar and Treasury yields edged higher, although mounting bets of U.S. interest rate cuts in September and rising geopolitical tensions in the Middle East underpinned bullion.
Spot gold XAU= was flat at $2,388.16 per ounce, as of 2:12 p.m. ET (1812 GMT), after rising as much as 0.7% earlier in the session. U.S. gold futures GCcv1 settled mostly unchanged at $2,432.40.
For a full report, click on GOL/
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IRON ORE
Iron ore futures prices fell for a second consecutive session on Wednesday, undermined by weak near-term demand from top consumer China and growing concerns about consumption in the reminder of the year.
The most-traded January iron ore contract on China's Dalian Commodity Exchange DCIOcv1 ended daytime trade 2.41% lower at 749 yuan ($104.32) a metric ton, the lowest since Aug. 2.
For a full report, click on IRONORE/
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BASE METALS
Copper prices resumed their downtrend on Wednesday after data from leading metals consumer China showed weak demand and a surge in inventories highlighted excess supply.
Three-month copper on the London Metal Exchange CMCU3 was down 1.8% to $8,771 per metric ton by 1615 GMT.
For a full report, click on MET/L
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OIL
Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak oil demand in China persisted.
Brent crude futures LCOc1 settled up $1.85, or 2.42%, at $78.33 a barrel. U.S. West Texas Intermediate crude CLc1 gained $2.03, or 2.77%, to $75.23.
For a full report, click on O/R
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PALM OIL
Malaysian palm oil futures gave up early gains on Wednesday to extend losses to a third session, as weaker rivals Dalian and Chicago contracts weighed on the market.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange closed 9 ringgit, or 0.24% lower at 3,696 ringgit ($822.80) a metric ton.
For a full report, click on POI/
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RUBBER
Japanese rubber futures extended gains on Wednesday to hit their highest in nearly two weeks, buoyed by supply-side pressures in top producer Thailand and a weaker yen.
The Osaka Exchange rubber contract for January delivery JRUc6, 0#2JRU: closed up 6.3 yen, or 1.98%, at 319.9 yen ($2.19) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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