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UPDATE 1-Asia Morning Call-Global Markets

Published 15/12/2017, 08:11 am
© Reuters.  UPDATE 1-Asia Morning Call-Global Markets
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Dec 15 (Reuters) - Stock Markets

Net Chng

Stock Markets

Net Chng S&P/ASX 200** 6,011.300

-10.529

NZX 50**

8,323.75

0.0 DJIA**

24,510.86

-74.57

NIKKEI**

22,694.45

-63.62 Nasdaq**

6,856.526

-19.237

FTSE**

7,448.12

-48.39 S&P 500**

2,652.14

-10.71

Hang Seng**

29,166.38

-55.72 SPI 200 Fut

6,010.0

-3

STI**

3,435.78

-32.99 SSEC**

3,293.5797

-9.45760

KOSPI**

2,469.48

-11.07 -------------------------------------------------------------------------------------- -- Bonds

Net Chng

Bonds

Net Chng JP 10 YR Bond 0.049

-0.002

KR 10 YR Bond

2.45

-0.002 AU 10 YR Bond 2.552

0

US 10 YR Bond

2.3529

0.004 NZ 10 YR Bond 2.755

-0.03

US 30 YR Bond

2.7109

-0.024 -------------------------------------------------------------------------------------- --

Currencies

Net Chng

Net Chng SGD US$

1.3454

-0.0011

KRW US$

1,088.53

4.98 AUD US$

0.7674

0.0036

NZD US$

0.6989

-0.0032 EUR US$

1.1783

-0.0042

Yen US$

112.25

-0.28 THB US$

32.48

-0.04

PHP US$

50.499

0.168 IDR US$

13,575

-5

INR US$

64.33

-0.12 MYR US$

4.083

-0.002

TWD US$

30.006

-0.02 CNY US$

6.6095

-0.008

HKD US$

7.8076

0.0033 -------------------------------------------------------------------------------------- --

Commodities

Net Chng

Net Chng Spot Gold

1,252.61

-2.76

Silver (Lon)

15.88

-0.183 U.S. Gold Fut 1,255.5

6.9

Brent Crude

63.4

0.96 Iron Ore

CNY496.5

-4.5

TRJCRB Index

184.2184

0.8539 TOCOM Rubber

JPY205.9

0.6

LME Copper

6,784

55 --------------------------------------------------------------------------------------- --

** indicates closing price

All prices as of 21:00 GMT

EQUITIES

GLOBAL - European shares closed down on Thursday after policy meetings from major central banks in Europe failed to provide momentum, while the Dow and the Nasdaq Composite were down as investors waited for more information on Republicans' tax overhaul.

MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.07 percent.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - The S&P 500 and the Dow were lower on Thursday as investors worried about potential roadblocks to Republicans' tax overhaul, offseting their optimism over strong retail sales data.

Lawmakers such as Senators Marco Rubio and Mike Lee said on Thursday that they would not vote on the bill without changes to child tax credits. Congressional Republicans had reached a deal on final tax legislation on Wednesday.

For a full report, click on .N

- - - -

LONDON - European shares lagged their U.S. peers and closed in negative territory on Thursday, as a busy day of central bank meetings failed to provide momentum even though the European Central Bank raised its growth and inflation forecasts.

Europe's STOXX 600 .STOXX ended the day down 0.46 percent, while U.S. stocks climbed higher in morning trading, boosted by news that a long-awaited tax cutting bill should face final votes in Congress before the year-end.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average slipped on Thursday, as banks and insurer shares weakened in line with lower interest rates while telecommunications shares withered on news that online retailer Rakuten plans to enter the mobile carrier market.

The Nikkei ended down 0.3 percent at 22,694.45. The broader Topix .TOPX was 0.2 percent lower at 1,808.14.

For a full report, click on .T

- - - -

SHANGHAI - China stocks fell on Thursday, after the country's central bank nudged up money market rate following the widely expected U.S. rate hike, and as mixed data reinforced signs of a modest slowdown in the Asian economic powerhouse.

China's central bank lifted money market rates as authorities sought to defuse financial risks without imperilling the economy.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares are expected to open flat on Friday, after snapping 5 straight sessions of gains in their previous session, with financials and materials stocks expected to tick lower.

The local share price index futures YAPcm1 was down 3 points to 6,010.0 a 1.3-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.2 percent on Friday.

For a full report, click on .AX

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SEOUL - South Korea's KOSPI stock index .KS11 weakened on Thursday. The Korean won gained in the local platform while bond yields fell.

At 06:33 GMT, the KOSPI was down 11.07 points or 0.45 percent at 2,469.48. The index erased earlier gains as Thursday was expiration day for both KOSPI futures and options.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar gave up earlier gains on Thursday after two lawmakers were reported to seek changes to proposed legislation to overhaul the U.S. tax code in order to garner their support.

U.S. Republican Senator Mike Lee has not decided whether to support a Republican tax bill and wants changes to the child tax credit, an aide to the lawmaker said on Thursday.

For a full report, click on USD/

- - - -

CHINA - China's yuan rose to its strongest level against the U.S. dollar in two weeks on Thursday after a widely anticipated U.S Federal Reserve interest rate hike prompted dollar weakness, but corporate clients snapping up the greenback limited its gains.

The Fed raised interest rates by a quarter of a percentage point, to a range of 1.25 percent to 1.50 percent. Its forecast of three additional rate increases in 2018 and 2019 was unchanged from its projections in September.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian dollar jumped to a five-week peak on Thursday after a stunningly strong jobs report rekindled the risk of a rate hike next year and put the squeeze on short positions.

The Aussie dollar AUD=D4 hopped up to $0.7666, from $0.7630, having already climbed 1 percent overnight when the Federal Reserve hiked U.S. rates but stuck to a gradual path for future moves.

For a full report, click on AUD/

- - - -

SEOUL - The won was quoted at 1,089.1 per dollar on the onshore settlement platform KRW=KFTC , 0.15 percent firmer than its previous close at 1,090.7.

In offshore trading, the won KRW= was quoted at 1,087.59 per U.S. dollar, down 0.35 percent from the previous day, while in one-year non-deliverable forwards KRWNDFOR= it was being transacted at 1,081.85 per dollar.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - The gap between U.S. shorter-dated and longer-dated Treasury yields shrank on Thursday as surprisingly strong data on retail sales in November supported the view the Federal Reserve would raise interest rates further to keep the economy from overheating.

In the current low inflation climate, traders have bet longer-dated bond yields would stay low and short-term rates would rise as the Fed and other major central banks have begun or are considering to reduce monetary stimuli as their economies have picked up momentum.

For a full report, click on US/

- - - -

LONDON - Euro zone government bond yields rose on Thursday after upbeat U.S. and European data and upward revisions to growth forecasts from the European Central Bank forced bond markets onto the defensive.

The ECB raised growth and inflation forecasts for the euro area on Thursday but stuck to its pledge to provide stimulus for as long as needed, predicting inflation would remain below its near 2 percent target into 2020.

For a full report, click on GVD/EUR

- - - -

TOKYO - Super-long Japanese government bonds gained marginally on Thursday after an auction of 1 trillion yen ($8.88 billion) 20-year JGBs saw solid demand, flattening the yield curve.

The 20-year yield dipped 0.5 basis point to 0.560 percent JP20YTN=JBTC , edging near its November low of 0.550 percent while the 30-year yield ticked down 0.5 basis point to 0.805 percent JP30YTN=JBTC , its lowest level in about a month.

For a full report, click on JP/

COMMODITIES

GOLD

Gold dipped slightly on Thursday, easing off a one-week high as the dollar rebounded following strong U.S. retail sales data, while palladium rose to its highest since February 2001.

U.S. retail sales increased more than expected in November as the holiday shopping season got off to a brisk start.

For a full report, click on GOL/

- - - -

IRON ORE

China's steel futures fell nearly 2 percent on Thursday as demand in the world's top consumer slows over winter along with construction activity, although multi-year low stockpiles capped losses.

Prices fell even as fresh data showed China's steel output declined to a nine-month low in November because of state-ordered production curbs aimed at limiting pollution. Steelmaking raw materials coking coal and coke slid about 4 percent.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper hit a near two-week high on Thursday on global growth hopes after upbeat manufacturing data from China, overlooking a stronger dollar and Beijing's surprise interest rates hike.

China's industrial output expanded at a faster than expected pace in November as growth in the world's top industrial metals consumer remains resilient, supported in part by a construction boom.

For a full report, click on MET/L

- - - -

OIL

Oil prices rose almost 1 percent on Thursday after a pipeline outage in Britain continued to support prices despite data expecting a global crude surplus in the beginning of next year.

U.S. West Texas Intermediate futures CLc1 settled up 44 cents, or 0.8 percent, to $57.04 a barrel.

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures hit a 16-month low on Thursday, weighed down by low demand and high stockpiles, as well as weakness in edible oils on China's Dalian Commodity Exchange.

The benchmark palm oil contract for February delivery 1FCPOc3 on the Bursa Malaysia Derivatives Exchange dropped as much as 1.6 percent to its lowest since Aug. 8, 2016, at 2,418 ringgit, before settling down 0.2 percent at 2,452 ringgit a tonne at the close of trade.

For a full report, click on POI/

- - - -

RUBBER

Benchmark Tokyo rubber futures hit a one-week high on Thursday on the back of a late recovery in Shanghai futures, though the gain was limited due to a stronger yen against the dollar, brokers said.

Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, gained for a third straight session, but stood about 3 percent below a more than two-month high of 211.2 yen hit last week amid continued worries over global demand.

For a full report, click on RUB/T

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

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