Asia Morning Call-Global Markets

Reuters
Feb 16
Asia Morning Call-Global Markets

Feb 16 (Reuters) -

Stock Markets

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

8917.6

-125.9

NZX 50**

13198.18

-333.30

DJIA

49500.93

48.95

NIKKEI**

56941.97

-697.87

Nasdaq

22546.671

-50.477

FTSE**

10446.35

43.91

S&P 500

6836.17

3.41

Hang Seng**

26567.12

-465.42

SPI 200 Fut

8896

51

STI**

4937.78

-78.98

SSEC**

4082.0726

-51.94519

KOSPI**

5507.01

-15.26

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

Bonds

Bonds

JP 10 YR Bond

2.2140

-0.0010

KR 10 YR Bond

3.577

-0.081

AU 10 YR Bond

4.7600

0.0090

US 10 YR Bond

4.0483

-1.167

NZ 10 YR Bond

4.5000

-0.045

US 30 YR Bond

4.6943

-0.654

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

Currencies

SGD US$

1.2612

-0.0006

KRW US$

1440.290

-0.11

AUD US$

0.7073

-0.0015

NZD US$

0.6036

-0.0001

EUR US$

1.1867

0

Yen US$

152.6400

-0.04

THB US$

31.0400

0.08

PHP US$

57.9150

-0.166

IDR US$

16825

15

INR US$

90.5250

-0.19

MYR US$

3.9050

0.005

TWD US$

31.5180

0.058

CNY US$

6.9032

-0.0001

HKD US$

7.8156

0.0005

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

Commodities

Spot Gold

5042.11

122.42

Silver (Lon)

77.4018

2.2362

U.S. Gold Fut

5046.30

97.90

Brent Crude

67.75

0.23

Iron Ore

CNY746

-6.5

TRJCRB Index

--

--

TOCOM Rubber

JPY347.7

0.6

LME Copper

12957

88

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

** indicates closing price

All prices as of 1828 GMT

EQUITIES

GLOBAL - Wall Street indexes ended mostly with a slight gain while Treasury yields fell on Friday as investors digested cooler-than-expected U.S. inflation data for January that some saw as underpinning hopes for interest rate cuts.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 2.47 points, or 0.24%, to 1,042.75.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - The S&P 500 closed barely higher on Friday, supported by cooling inflation data, but the Nasdaq ended lower as heavyweight technology and communications services shares lost ground on nagging fears of disruption by artificial intelligence.

The Dow Jones Industrial Average .DJI rose 48.95 points, or 0.10%, to 49,500.93, the S&P 500 .SPX gained 3.41 points, or 0.05%, to 6,836.17 and the Nasdaq Composite .IXIC lost 50.48 points, or 0.22%, to 22,546.67.

For a full report, click on .N

- - - -

LONDON - European shares edged lower on Friday as concerns about potential AI‑driven disruptions kept investors cautious, while they also assessed a mixed bag of corporate earnings and economic data.

The pan-European STOXX 600 index .STOXX closed 0.13% lower at 617.7 points.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average fell on Friday, weighed down by overnight losses on Wall Street, with SoftBank Group leading the decline, down nearly 9%.

The Nikkei .N225 fell 1.21% to 56,941.97, but it rose 5% for the week in its second consecutive weekly gain.

For a full report, click on .T

- - - -

SHANGHAI - China's onshore stock markets will be closed February 15-23 for the Lunar New Year holiday, and will resume trading on Tuesday, February 24.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares ended lower on Friday, but wrapped up their best week in ten months, as strong company earnings, led by banks, propelled the benchmark toward record territory last touched in October.

The S&P/ASX 200 index .AXJO slumped 1.4% to 8,917.60 on Friday but logged its best week since late-April last year and gained 2.4%.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares closed lower on Friday on profit-booking ahead of a long holiday weekend, but still posted their biggest weekly gain in more than five years helped by a rally in artificial intelligence-linked stocks.

The benchmark KOSPI .KS11 closed down 15.26 points, or 0.28%, at 5,507.01, after rising as much as 1.1% earlier in the day to hit a record high.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The U.S. dollar was mostly flat against peer currencies on Friday after data showed a less-than-expected increase in inflation in January, suggesting the Federal Reserve could continue to hold rates steady in the near term.

The dollar index =USD edged lower by 0.07% to 96.85, on track to shed 0.84% for the week.

For a full report, click on USD/

- - - -

SHANGHAI - China's onshore yuan markets will be closed February 15-23 for the Lunar New Year holiday, and will resume trading on Tuesday, February 24.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars were looking to notch a fifth straight week of gains on Friday as fat yield premiums underpinned demand, though a setback on Wall Street posed a challenge to risk sentiment.

A renewed selloff in tech stocks left the Aussie flat at $0.7089 AUD=D3, having slipped 0.5% overnight and away from a three-year high of $0.71465.

For a full report, click on AUD/

- - - -

SEOUL - The won was quoted at 1,444.9 per dollar on the onshore settlement platform KRW=KFTC on Friday, 0.44% lower than its previous close at 1,438.6.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields dropped on Friday, with yields on two-year notes falling to their lowest in four months, as cooler-than-expected inflation data for January bolstered bets that the Federal Reserve will deliver at least two rate cuts this year.

In afternoon trading, U.S. 10-year yields fell 3.7 basis points (bps) to 4.067% US10YT=RR.

For a full report, click on US/

- - - -

LONDON - Euro area benchmark Bund yields were lower on Friday after U.S. consumer prices rose less than expected in January, though U.S. underlying inflation firmed as businesses raised prices at the start of the year.

Germany’s 10-year government bond yield DE10YT=RR, the euro area’s benchmark, dropped 2.8 basis points to 2.749%, after hitting 2.738%, its lowest since December 3.

For a full report, click on GVD/EUR

- - - -

TOKYO - Yields on short-term Japanese government bonds recovered some early losses on Friday, following remarks from a hawkish Bank of Japan board member, as the market reacted to the prospect of tighter policy.

The benchmark 10-year JGB yield JP10YTN=JBTC fell 1 basis point (bp) to 2.22%, after initially dipping as much as 3.5 basis points at 2.195% earlier in the session.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices rose more than 2% on Friday and were headed for a weekly gain as weaker-than-expected U.S. inflation data reignited hopes for Federal Reserve rate cuts this year, offsetting concerns from stronger-than-expected jobs data earlier in the week.

Spot gold XAU= was up 2.1% at $5,022.06 per ounce as of 01:30 p.m. ET (1830 GMT), and up 1.2% so far this week.

For a full report, click on GOL/

- - - -

IRON ORE

Iron ore futures fell on Friday as traders closed their positions ahead of a week-long Lunar New Year holiday in China, during which demand is expected to drop significantly.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trade down 2.36% at 746 yuan ($107.96) a metric ton.

For a full report, click on IRONORE/

- - - -

BASE METALS

Aluminium prices sank to a one-week low on Friday after a report the U.S. may trim some import tariffs, though they pared losses after investors decided any impact would be modest.

Benchmark three-month aluminium on the London Metal Exchange CMAL3 gave up as much as 2.7% but cut its losses to 0.9% by 1700 GMT at $3,074 a metric ton, its weakest since February 6.

For a full report, click on MET/L

- - - -

OIL

Oil prices settled marginally higher on Friday after data showed an overall slowdown in U.S. inflation, helping offset supply concerns as OPEC+ is leaning towards a resumption in production increases.

Brent crude futures LCOc1 closed 23 cents, or 0.3%, higher at $67.75 a barrel.

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures posted its second weekly loss on Friday, even as it closed higher on the day, on the back of selling pressure from slow demand.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange rose 13 ringgit, or 0.32%, to 4,050 ringgit ($1,037.13) a metric ton at the close.

For a full report, click on POI/

- - - -

RUBBER

Japanese rubber futures fell for a third straight session on Friday as liquidity thinned ahead of a week-long holiday in top consumer China.

The Osaka Exchange (OSE) rubber contract for July delivery JRUc6, 0#2JRU: was down 0.7 yen, or 0.2%, at 347.1 yen ($2.26) 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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