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UPDATE 1-Asia Morning Call-Global Markets

Published 19/02/2018, 08:11 am
Updated 19/02/2018, 08:20 am
© Reuters.  UPDATE 1-Asia Morning Call-Global Markets

Feb 19 (Reuters) - Stock Markets

Net Chng

Stock Markets

Net Chng S&P/ASX 200** 5,904

-4.99

NZX 50**

8,125.31

61.98 DJIA**

25,219.38

19.01

NIKKEI**

21,720.25

255.27 Nasdaq**

7,239.465

-16.965

FTSE**

7,294.7

59.89 S&P 500**

2,732.22

1.02

Hang Seng**

31,115.43

599.83 SPI 200 Fut

5,850

-7.00

STI**

3,443.51

40.65 SSEC**

3,199.4757

14.52

KOSPI**

2,421.83

26.64 -------------------------------------------------------------------------------------- -- Bonds

Net Chng

Bonds

Net Chng JP 10 YR Bond 0.059

-0.001

KR 10 YR Bond

2.752

-0.011 AU 10 YR Bond 2.894

-0.004

US 10 YR Bond

2.8731

0 NZ 10 YR Bond 3.005

0

US 30 YR Bond

3.1307

0 -------------------------------------------------------------------------------------- --

Currencies

Net Chng

Net Chng SGD US$

1.3117

0.0027

KRW US$

1,066.51

0.32 AUD US$

0.7905

-0.0002.00 NZD US$

0.7373

-0.0015

39

EUR US$

1.2398

-0.0006

Yen US$

106.37

0.07 THB US$

31.3

0.01

PHP US$

52.2

0.001 IDR US$

13,557

-69

INR US$

64.24

0.03 MYR US$

3.891

-0.023

TWD US$

29.342

-0.016 CNY US$

6.345

0.0058

HKD US$

7.8215

-0.0005 -------------------------------------------------------------------------------------- --

Commodities

Net Chng

Net Chng Spot Gold

1,347.77

-0.01

Silver (Lon)

16.668

-0.205 U.S. Gold Fut 1,356.2

1

Brent Crude

64.84

0.51 Iron Ore

CNY535.5

9.5

TRJCRB Index

-

- TOCOM Rubber

JPY182.9

1.4

LME Copper

7,232.85

50.85 --------------------------------------------------------------------------------------- --

** indicates closing price

All prices as of 20:58 GMT

EQUITIES

GLOBAL -

The dollar rose and stocks around the globe rallied for a sixth straight session on Friday to post their best week in more than two years, but a U.S. indictment over alleged Russian meddling in the 2016 presidential election cooled gains on Wall Street.

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The 37-page indictment of a Russian internet agency filed by Special Counsel Robert Mueller described a conspiracy with the aim of supporting Donald Trump and sowing discord in the U.S. political system.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK -

The S&P 500 rose marginally on Friday to mark its biggest weekly increase in five years, although earlier gains evaporated after the indictment of Russians for meddling in the 2016 presidential election sent investors into defensive mode before a long weekend.

A market correction sparked by inflation concerns earlier in February raised fears that a nine-year bull market had ended, but data on consumer prices and retail sales this week left investors less worried, returning the stock market to its upward trajectory.

For a full report, click on .N

- - - -

LONDON -

European shares gained on Friday, snapping a three-week losing streak as earnings updates continued to impress and volatility and jitters over rising inflation eased.

Solid reports from large-cap companies including Renault RENA.PA and EDF EDF.PA lifted the STOXX 600 .STOXX index 1.1 percent.

For a full report, click on .EU

- - - -

TOKYO -

Japanese stocks rose on Friday, with investors relieved to see the government appoint Bank of Japan Governor Haruhiko Kuroda for another term and choose an advocate of bolder monetary easing as one of his deputies.

The Nikkei .N225 ended 1.2 percent higher to 21,720.25. For the week, it rose 1.6 percent.

For a full report, click on .T

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- - - -

AUSTRALIA -

Australian shares are set to mildly slip at Monday's open, extending a loss incurred on Friday.

Australian share price index futures YAPcm1 fell about 0.1 percent, or 7 points, to 5,850, a 54-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark lost 0.1 percent on Friday.

For a full report, click on .AX

- - - -

FOREIGN EXCHANGE

NEW YORK -

The dollar limped back from a three-year low against a basket of currencies on Friday but still marked its fifth weekly loss out of seven weeks this year, driving the euro up to its highest level since December 2014.

The U.S. currency has been weighed down by several factors this year, including the perceived erosion of its yield advantage as other countries start to scale back easy monetary policy.

For a full report, click on USD/

- - - -

AUSTRALIA -

The Australian and New Zealand dollars hovered near two-week highs on Friday, bolstered by stronger commodity prices and a positive outlook for global growth, and as the greenback continued its downward spiral.

The Australian dollar AUD=D4 held at $0.7939, within kissing distance of Thursday's $0.7967 which was the highest since Feb.2. For the week, the Aussie is set for a solid 1.6 percent gain, after two straight weekly losses.

For a full report, click on AUD/

- - - -

TREASURIES

NEW YORK -

U.S. Treasury prices edged higher on Friday, as investors bought back bonds after a selloff earlier in the week spurred by robust U.S. inflation data that fed the view that the Federal Reserve may hike interest rates more aggressively than expected.

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U.S. benchmark 10-year yields, which move inversely to prices, had jumped to four-year highs this week, while yields on 2-year notes touched more than nine-year peaks.

For a full report, click on US/

- - - -

LONDON -

Euro area borrowing costs fell on Friday, with Germany's 10-year yield dropping to a one-week low, though expectations for higher inflation and steps towards tighter monetary policy from major central banks weighed on sentiment across world bond markets.

Short-dated bond yields in Germany DE2YT=RR have risen about 7 basis points this week and were set for their biggest weekly rise in eight weeks.

For a full report, click on GVD/EUR

- - - -

TOKYO -

Japanese government bond prices edged higher on Friday following an overnight bounce by U.S. Treasuries, although gains were limited as the Nikkei rallied for the second day.

The trading session was highlighted by the government's reappointment of Haruhiko Kuroda as Bank of Japan governor, a widely expected decision.

For a full report, click on JP/

- - - -

COMMODITIES

GOLD

Gold prices dipped on Friday, but still hovered near a three-week high, as the U.S. dollar index bounced from a three-year low and investors worried that U.S. inflation could heat up.

The U.S. dollar limped up off a three-year low against a basket of currencies but still was headed for its biggest weekly loss in nine months as negative sentiment offset any support from rising Treasury yields.

For a full report, click on GOL/

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- - - -

BASE METALS

Copper edged up on Friday, posting its biggest weekly gain in more than a year as the dollar hovered near three-year lows, while zinc climbed on depleting stocks.

Benchmark copper on the London Metal Exchange CMCU3 ended 0.7 percent higher at $7,233 a tonne. The metal, used in power and construction, finished nearly 7 percent higher on the week in its best performance since November 2016.

For a full report, click on MET/L

- - - -

OIL

Oil prices edged up on Friday as a rebound in the global equities market and a weak dollar supported crude's recovery from last week's slide.

Brent crude futures LCOc1 settled 51 cents, or 0.8 percent, higher at $64.84 per barrel, after touching eight-day highs. The global benchmark ended the week up more than 3 percent, partially recovering from a decline of more than 8 percent last week.

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures edged up slightly around noon on Thursday, snapping two sessions of declines, tracking overnight gains in U.S. soyoil on the Chicago Board of Trade (CBOT).

A strong ringgit MYR= was however seen limiting the gains, said a trader. The ringgit, palm's currency of trade, rose 0.6 percent against the dollar to 3.8920 around noon.

For a full report, click on POI/

- - - -

RUBBER

Benchmark Tokyo rubber futures plunged to 8-month lows on Friday, marking their fifth straight weekly loss, as selling intensified after the yen extended gains against the U.S. dollar and amid concerns over rising inventories.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The Tokyo Commodity Exchange (TOCOM) rubber contract for July delivery JRUc6 , 0#2JRU: finished 4.5 yen, or 2.4 percent, lower at 181.5 yen ($1.72) per kg, after diving below a 180 yen mark of 179.2 yen, the lowest since June 7.

For a full report, click on RUB/T

- - - - (Bengaluru Bureau; +91 80 6749 1130)

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