Asia Morning Call-Global Markets

Reuters
Oct 24
Asia Morning Call-Global Markets

Oct 24 (Reuters) -

Stock Markets

Net Change

Stock Markets

Net Change

S&P/ASX 200**

9,032.80

2.80

NZX 50

13,377.1

70.66

DJIA

46,780.13

189.72

NIKKEI

48,641.61

-666.18

Nasdaq

22,975.68

235.28

FTSE

9,578.57

63.57

S&P 500

6,744.52

45.12

Hang Seng

25,967.98

186.21

SPI 200 Fut

9,069.00

21

STI

4,416.27

22.35

SSEC

3,922.41

8.65

KOSPI

3,845.56

-38.12

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

Bonds

Bonds

JP 10 YR Bond

1.6640

0.0060

KR 10 YR Bond

2.912

0.032

AU 10 YR Bond

4.1620

0.0370

US 10 YR Bond

3.9932

0.04

NZ 10 YR Bond

4.0080

0.0000

US 30 YR Bond

4.5767

0.038

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

Currencies

SGD US$

1.2987

0.0016

KRW US$

1,437.290

5.44

AUD US$

0.6516

0.0027

NZD US$

0.5751

0.0013

EUR US$

1.1609

-0.0001

Yen US$

152.6400

0.67

THB US$

32.7400

0.01

PHP US$

58.5720

0.144

IDR US$

16,615

45

INR US$

87.7960

0.076

MYR US$

4.2280

0

TWD US$

30.8150

0.084

CNY US$

7.1230

-0.001

HKD US$

7.7712

-0.0008

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

Commodities

Spot Gold

4137.53

43.76

Silver (Lon)

49.12

0.6

U.S. Gold Fut

4154.1

88.7

Brent Crude

65.71

3.2

Iron Ore

CNY735

3

TRJCRB Index

-

-

TOCOM Rubber

JPY309

0

LME Copper

10817

154

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

** indicates closing price

All prices as of 1806 GMT

EQUITIES

GLOBAL - Oil prices surged about 5% on Thursday after Washington imposed sanctions on major Russian companies over the Ukraine war, while major stock indexes edged higher as gains in U.S. and European energy shares helped to offset some lackluster earnings news.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 2.24 points, or 0.23%, to 993.01.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - Wall Street rose marginally higher on Thursday, as underwhelming earnings from Tesla and IBM, as well as simmering U.S.-China trade tensions, kept risk appetite on a tight leash.

At 11:31 a.m., the Dow Jones Industrial Average .DJI rose 70.69 points, or 0.15%, to 46,661.10, the S&P 500 .SPX gained 25.17 points, or 0.38%, to 6,724.57 and the Nasdaq Composite .IXIC gained 152.12 points, or 0.67%, to 22,892.52.

For a full report, click on .N

- - - -

LONDON - The STOXX 600 index closed at a record high on Thursday, led by gains in energy stocks after the U.S. imposed new sanctions on Russia, while investors also gauged the health of corporate Europe from a batch of earnings reports.

The continent-wide benchmark index .STOXX ended 0.37% higher at 574.43 points.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average finished more than 1% lower on Thursday, as investors booked profits from a rally driven by expectations for fiscal dove Sanae Takaichi's new government.

The Nikkei .N225 declined 1.35% to 48,641.61 in its second straight session of falls.

For a full report, click on .T

- - - -

SHANGHAI - China and Hong Kong stocks closed slightly up on Thursday, lifted by financial shares, as investors awaited a key policy readout after a Communist Party conclave in Beijing.

China's blue-chip CSI300 Index .CSI300 ended 0.3% higher, while the Shanghai Composite Index .SSEC rose 0.2%. Hong Kong benchmark Hang Seng .HIS was up 0.7%.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares reversed early losses to finish a few pips higher on Thursday as a rally in energy stocks and fresh investment in Woodside Energy's Louisiana LNG project helped manage losses in BHP and major banks.

The S&P/ASX 200 index .AXJO ended largely flat at 9,032.80 points.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares closed 1% lower on Thursday on foreign selling, while the won hit a more than five-month low as the central bank flagged more policy easing after holding interest rates steady.

The benchmark KOSPI .KS11 closed down 38.12 points, or 0.98%, at 3,845.56, snapping six straight sessions of gains.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar drifted higher against most peers, particularly the yen, on Thursday as traders waited for the delayed release of U.S. consumer inflation data on Friday and weighed fresh U.S. sanctions on Russian oil companies, which boosted oil prices.

The U.S. dollar index, which measures the greenback against a basket of currencies, was last up 0.01% at 98.94.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan held steady on Thursday, despite renewed signs of escalating trade tensions between Beijing and Washington, as investors anxiously await the outcome of a key meeting that will chart the country's economic, political and social policy for the next five years.

As of 0332 GMT, the onshore yuan CNY=CFXS traded largely flat at 7.1237 per dollar, while its offshore counterpart CNH=D3 was down 0.02% in Asian trade at 7.1275.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars held still on Thursday as the threat of a new round of U.S.-China trade restrictions curbed risk sentiment ahead of a key reading on U.S. inflation.

With so much at stake the Aussie was stuck at $0.6487 AUD=D3, having hardly moved overnight.

For a full report, click on AUD/

- - - -

SEOUL - South Korean won weakened against the dollar on Thursday.

The won was quoted 0.60% lower at 1,439.6 per dollar on the onshore settlement platform KRW=KFTC, after hitting its weakest level since May 2 at 1,441.5.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields rose on Thursday after President Donald Trump slapped Russia's two biggest oil companies with sanctions, while investors braced for an upcoming reading on inflation.

The yield on the benchmark U.S. 10-year Treasury note US10YT=TWEB rose 3.3 basis points to 3.986% after hitting a session high of 3.997%.

For a full report, click on US/

- - - -

LONDON - Euro zone government bond yields edged up on Thursday, shrugging off U.S. moves to impose sanctions on Russia and consider more trade restrictions on China, as the recent flight to safe-haven assets eased and investors awaited data for direction.

After dropping for four straight trading days last week with bonds getting support from safe-haven demand, Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone, rose 2 basis points to 2.58%.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japan's government bond (JGB) yield curve flattened on Thursday, after the firm outcome of a liquidity enhancement auction for super-long-dated bonds boosted demand for those notes.

Bonds with shorter-dated maturities rose, with the 10-year JGB yield JP10YTN=JBTC rising 1 bp to 1.66%.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices rose over 1% on Thursday after two consecutive sessions of losses, as renewed geopolitical risks bolstered safe-haven demand and investors braced for key U.S. inflation data due on Friday.

Spot gold XAU= was up 1% at $4,132.76 per ounce, as of 01:49 p.m. ET (1748 GMT), after falling to a near two-week low in the previous session.

For a full report, click on GOL/

- - - -

IRON ORE

Iron ore futures prices rose on Thursday for a third straight session, boosted by hopes of stimulus measures and upbeat steel data from top consumer China.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trade 0.39% higher at 777 yuan ($109.08) a metric ton.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper prices pushed higher on Thursday on hopes that top metals consumer China will unleash more stimulus in its new five-year plan.

Benchmark three-month copper CMCU3 on the London Metal Exchange rose 1.6% to $10,837.50 a metric ton by 1620 GMT, its highest since October 14.

For a full report, click on MET/L

- - - -

OIL

Oil prices surged around 5% to a two-week high on Thursday after the U.S. imposed sanctions on major Russian suppliers Rosneft ROSN.MM and Lukoil LKOH.MM over Russia's war in Ukraine.

Brent futures LCOc1 were up $3.37, or 5.4%, to $65.96 a barrel by 12:13 p.m. EDT (1613 GMT)

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures closed higher on Thursday, snapping three consecutive sessions of losses, supported by the strength from soyoil at Dalian market.

The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 14 ringgit, or 0.31%, to 4,470 ringgit ($1,058.24) a metric ton at the close.

For a full report, click on POI/

- - - -

RUBBER

Japanese rubber futures ended higher on Thursday, helped by a weaker yen, supply disruptions from heavy rainfall, and a strong vehicle market.

The Osaka Exchange (OSE) rubber contract for March delivery JRUc6, 0#2JRU: was up 2 yen, or 0.65%, at 309 yen ($2.05) 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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