Asia Morning Call-Global Markets

Reuters
Aug 29
Asia Morning Call-Global Markets

Aug 29 (Reuters) -

Stock Markets

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

8,980.00

19.50

NZX 50**

12,903.08

41.24

DJIA

45,570.50

4.63

NIKKEI**

42,828.79

308.52

Nasdaq

21,708.06

117.92

FTSE**

9,216.82

-38.68

S&P 500

6,497.39

15.88

Hang Seng**

24,998.82

-202.94

SPI 200 Fut

8931

-27

STI**

4,253.78

8.21

SSEC**

3,843.60

43.25

KOSPI**

3,196.32

9.16

----------------------------------------------------------------------------------------

Bonds

Bonds

JP 10 YR Bond

1.6130

-0.0070

KR 10 YR Bond

2.819

-0.006

AU 10 YR Bond

4.2850

-0.0140

US 10 YR Bond

4.2149

-0.023

NZ 10 YR Bond

4.3580

-0.0070

US 30 YR Bond

4.8796

-0.033

----------------------------------------------------------------------------------------

Currencies

SGD US$

1.2822

-0.0034

KRW US$

1,384.270

-8.73

AUD US$

0.6534

0.0028

NZD US$

0.5887

0.0027

EUR US$

1.1686

0.0049

Yen US$

146.8200

-0.55

THB US$

32.2600

-0.17

PHP US$

56.9000

-0.219

IDR US$

16,340

-15

INR US$

87.5330

-0.107

MYR US$

4.2140

-0.018

TWD US$

30.5880

0.006

CNY US$

7.1306

-0.0194

HKD US$

7.7945

0.0087

----------------------------------------------------------------------------------------

Commodities

Spot Gold

3,409.99

34.2

Silver (Lon)

38.95

0.68

U.S. Gold Fut

3,466.10

41

Brent Crude

68.38

0.33

Iron Ore

CNY790.5

13

TRJCRB Index

-

-

TOCOM Rubber

JPY317.1

-0.4

LME Copper

9,774

-63.5

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1830 GMT

EQUITIES

GLOBAL - Most major U.S. stock indexes were slightly higher on Thursday even as Nvidia shares slipped amid uncertainty over its China business, while the dollar weakened against the euro and yen as traders anticipated U.S. interest rate cuts soon.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 1.53 points, or 0.16%, to 954.57.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - The tech-heavy Nasdaq edged higher in choppy trade on Thursday, held back by a fall in Nvidia's shares as Sino-U.S. trade uncertainties prompted the AI chip giant to exclude potential China sales from its quarterly forecast.

At 11:44 a.m. ET, the Dow Jones Industrial Average .DJI fell 35.70 points, or 0.08%, to 45,529.53, the S&P 500 .SPX gained 0.57 points, or 0.01%, to 6,481.97 and the Nasdaq Composite .IXIC gained 46.98 points, or 0.22%, to 21,637.12.

For a full report, click on .N

- - - -

LONDON - Europe's STOXX 600 closed lower on Thursday, dragged down by healthcare stocks, while investors assessed earnings from Pernod Ricard and AI chip leader Nvidia.

The pan-European STOXX 600 .STOXX ended 0.2% lower, reversing gains from earlier in the session.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average ended higher on Thursday, supported by AI chipmaker Nvidia's strong quarterly outlook and renewed trader confidence after billionaire investor Warren Buffett increased his investments in the country.

The Nikkei recovered from early losses to close 0.7% higher at 42,828.79.

For a full report, click on .T

- - - -

SHANGHAI - Mainland China stocks rebounded on Thursday, a day after Shanghai benchmark's steepest daily drop since April, as optimism around Beijing's artificial intelligence push fuelled gains in tech shares.

The blue-chip CSI300 index .CSI300 was up 1.77%.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares ended slightly higher on Thursday as gains in banks outweighed losses in commodity stocks, while traders digested a slew of corporate results as Australia's earnings season nears its end.

The S&P/ASX 200 index .AXJO closed 0.2% higher at 8,980 points.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares rose on Thursday, as the central bank signalled more interest rate cuts with a marginal upgrade in its economic growth outlook for this year.

The benchmark KOSPI .KS11 closed up 9.16 points, or 0.29%, at 3,196.32.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar was lower against the euro and the yen on Thursday, as traders added to bets that the Federal Reserve will cut interest rates next month after New York Fed chief John Williams signalled such a move was possible.

The dollar index =USD, which gauges the currency against six major peers, was down 0.31% at 97.862, following two days of declines.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan held steady against the U.S. dollar on Thursday, underpinned by the strongest official guidance in 10 months and buoyant sentiment in China's equity markets.

The spot yuan CNY=CFXS opened at 7.1465 per dollar and was last trading 6 pips firmer than the previous late session close and 0.61% weaker than the midpoint.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian dollar hit a fresh six-month high on the kiwi on Thursday as investors bet on diverging rate outlook between the two, while they struggled to claw back much ground against their U.S. counterpart.

Against the U.S. dollar, the Aussie AUD=D3 ticked up 0.1% to $0.6513, having edged 0.2% higher overnight to stand back above 65 cents, the middle of the recent trading range of between 64 and 66 cents.

For a full report, click on AUD/

- - - -

SEOUL - The South Korean won strengthened against the dollar.

The won was quoted at 1,387.6 per dollar on the onshore settlement platform KRW=KFTC, 0.48% higher than its previous close at 1,394.2.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - Interest rate-sensitive two-year yields rose on Thursday but held near an almost four-month low as traders bet that the Federal Reserve will make several interest rate cuts in the coming months as the labor market shows signs of weakness.

The benchmark 10-year note US10YT=RR fell 0.8 basis points to 4.23%.

For a full report, click on US/

- - - -

LONDON - France's 10-year government bond yield declined slightly on Thursday but remained close to its highest level since March as concerns about the country's fiscal path lingered before a confidence vote in the government next month.

Germany's 10-year yield DE10YT=RR, the euro zone benchmark, was up 1 bp at 2.70%.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japanese government bonds (JGBs) rallied on Thursday as yields at historic highs drew in buyers and political pressure on the nation's fiscally conservative prime minister appeared to ease.

The benchmark 10-year yield JP10YTN=JBTC fell 0.5 bp to 1.62%, easing from Wednesday's peak of 1.63%, a 17-year high.

For a full report, click on JP/

COMMODITIES

GOLD - Gold prices hit a five-week high on Thursday, supported by a softer dollar and safe-haven flows, due to ongoing concerns over the Federal Reserve's independence.

Spot gold XAU= rose 0.4% to $3,409.99 per ounce at 1204 p.m. ET (16:04 GMT), its highest level since July 23.

For a full report, click on GOL/

- - - -

IRON ORE - Prices of iron ore futures hit a two-week high on Thursday, bolstered by China's push to lower steel output as it tackles overcapacity.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended up 1.74% at 790.5 yuan ($110.51) a metric ton, the highest since August 14.

For a full report, click on IRONORE/

- - - -

BASE METALS - Copper prices edged higher on Thursday, supported by a weaker dollar and increased appetite for risky assets after results from Nvidia reassured markets about the AI boom.

Benchmark three-month copper CMCU3 on the London Metal Exchange gained 0.7% to $9,827 a metric ton by 1600 GMT after slipping 0.8% in the previous session.

For a full report, click on MET/L

- - - -

OIL - Oil prices edged lower on Thursday, pressured by expectations of lower U.S. fuel demand at the end of the summer travel season and by the restart of Russian oil supplies to Hungary and Slovakia through the Druzhba pipeline.

Brent crude futures LCOc1 fell 46 cents, or 0.7%, to $67.59 by 12:04 p.m. ET (1604 GMT) .

For a full report, click on O/R

- - - -

PALM OIL - Malaysian palm oil futures fell on Thursday, pressured by weaker soyoil prices, while likely trade talks between the United States and China were also in focus.

The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange slid 40 ringgit, or 0.89%, to 4,448 ringgit ($1,057.79) a metric ton at the close.

For a full report, click on POI/

- - - -

RUBBER - Japanese rubber futures retreated on Thursday, tracking oil prices lower as a softer dollar weighed on market sentiment, though an upbeat auto manufacturing outlook provided some support.

The Osaka Exchange (OSE) rubber contract for February delivery JRUc6, 0#2JRU: was down 0.4 yen, or 0.13%, at 317.1 yen ($2.15) per kg.

For a full report, click on RUB/T

- - - -

(Bengaluru Bureau; +91 80 6749 1130)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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