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UPDATE 1-Asia Morning Call-Global Markets

Published 28/09/2017, 07:37 am
© Reuters.  UPDATE 1-Asia Morning Call-Global Markets
AUD/USD
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AXJO
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JP225
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DX
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HG
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LCO
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CL
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VOWG_p
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US2YT=X
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KS11
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STOXX
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DXY
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TIOc1
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Sept 28(Reuters) - Stock Markets

Net Chng

Stock Markets

Net Chng S&P/ASX 200** 5664.283

-6.7

NZX 50**

7,950.52

36.74 DJIA**

22,340.71

56.39

NIKKEI**

20,267.05

-63.14 Nasdaq**

6,453.26

73.099

FTSE**

7,313.51

27.77 S&P 500**

2,507.04

10.20

Hang Seng**

27,642.43

129.42 SPI 200 Fut

5660.0

20

STI**

3,236.15

24.11 SSEC**

3,345.4633

1.88

KOSPI**

2,372.57

-1.75 -------------------------------------------------------------------------------------- -- Bonds

Net Chng

Bonds

Net Chng JP 10 YR Bond 0.051

0

KR 10 YR Bond

2.359

0.049 AU 10 YR Bond 2.85

0.055

US 10 YR Bond

2.3121

0.083 NZ 10 YR Bond 2.995

0.01

US 30 YR Bond

2.864

0.094 -------------------------------------------------------------------------------------- --

Currencies

Net Chng

Net Chng SGD US$

1.3607

0.0048

KRW US$

1,144.77

0.02 AUD US$

0.7850

-0.0001

NZD US$

0.7199

0.0001 EUR US$

1.1749

0.0006

Yen US$

112.79

-0.02 THB US$

33.3

0

PHP US$

50.983

0.023 IDR US$

13,435

60

INR US$

65.71

0.255 MYR US$

4.22

0.015

TWD US$

30.303

0.087 CNY US$

6.6425

0.0029

HKD US$

7.8091

-0.0002 -------------------------------------------------------------------------------------- --

Commodities

Net Chng

Net Chng Spot Gold

1,280.72

-12.79

Silver (Lon)

16.74

-0.027 U.S. Gold Fut 1,285.6

-16.1

Brent Crude

57.67

-0.77 Iron Ore

CNY465

-2

TRJCRB Index

183.8605

0.4645 TOCOM Rubber

JPY218

0.3

LME Copper

6,445.5

32.5 --------------------------------------------------------------------------------------- --

** indicates closing price

All prices as of 21:03 GMT

EQUITIES GLOBAL - The dollar on Wednesday climbed to a one-month high against a basket of currencies, while financial stocks and Treasury yields rose after strong economic data helped boost expectations for a U.S. Federal Reserve interest rate hike in December.

U.S. small-cap stocks rallied on the expectation of lower taxes, tallying their biggest single-day gain since March..

For a full report, click on MKTS/GLOB

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NEW YORK - U.S. stocks rose on Wednesday as gains in financial shares were powered by growing expectations for a December interest rate hike and on hopes President Donald Trump's administration may be making progress on a tax plan.

New orders for U.S.-made capital goods increased more than expected in August and shipments maintained their upward trend, pointing to underlying strength in the economy.

For a full report, click on .N

- - - -

LONDON - Banks led European stocks to a 10-week high on Wednesday as a tax overhaul plan backed by President Donald Trump fuelled hope in a revival of the "Trumpflation" trade, a bet on rising rates, inflation and securities prices in the United States and beyond.

The pan-European STOXX 600 .STOXX , boosted by a falling euro, gained 0.4 percent to hit its highest level since July 20.

For a full report, click on .EU

- - - -

TOKYO - Japanese stocks fell to 1-1/2-week lows on Wednesday as ex-dividend share price adjustments dented high yielders such as automakers, offsetting gains in tech firms which tracked strength in their U.S. counterparts.

The Nikkei .N225 dropped 0.3 percent, or 63.14 points, to 20,267.05, the weakest level since Sept. 15, moving away from a two-year high of 20,481.27 hit last week.

For a full report, click on .T

- - - -

SHANGHAI - Chinese stocks held steady on Wednesday, bolstered by strong gains in resources shares after upbeat industrial profit data and a robust earnings forecast by a major steelmaker helped to ease worries about slowing economic growth.

Investor confidence was also underpinned by signs of further restructuring in the bloated state sector, and a conviction that Beijing will safeguard market stability ahead of a highly sensitive Communist Party Congress next month.

For a full report, click on .SS

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AUSTRALIA - Australian shares are poised to open in positive territory on Thursday on the back of rising iron ore and copper prices, in line with a strong overnight finish on Wall Street.

The local share price index futures YAPcm1 rose 0.36 percent, or 20 points, to 5,661, a 3.3-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.1 percent on Wednesday.

For a full report, click on .AX

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SEOUL - The Korea Composite Stock Price Index (KOSPI) .KS11 ended down 0.1 percent at 2,372.57 points.

Foreign investors were net sellers, unloading 282.4 billion won ($247.72 million) worth of stocks. They also trimmed a net one trillion won worth of local treasury bonds, the head of a local banks' bond trading team said.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The dollar rose to a more than one-month high against a basket of currencies on Wednesday, as optimism about U.S. fiscal reforms boosted sentiment in favor of the greenback.

The dollar index .DXY , which tracks the greenback against six major currencies, was up 0.54 percent at 93.469, after rising to 93.607, the highest since August 23.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan fell to its weakest level in nearly a month on Wednesday but recouped its losses by midday as the market grew nervous over how much further the central bank will allow the currency to weaken.

Since hitting a 21-month high on Aug. 8, the yuan had lost more than 2,000 pips through Wednesday morning.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian dollar wallowed near six-week lows on Wednesday as the ever-mounting risk of a December rate rise from the Federal Reserve gave a lift to its U.S. counterpart.

The Aussie dollar AUD=D4 had settled at $0.7867, having sunk 0.6 percent overnight from $0.7936. That left it uncomfortably close to chart support at the August low of $0.7808 and a break there would deal a major bearish blow.

For a full report, click on AUD/

- - - -

SEOUL - The South Korean won KRW= closed at a six-week low and stocks slipped on Wednesday as the U.S. Federal Reserve's signal it is on course to raise rates in December and elevated North Korean risks sapped sentiment.

The won KRW=KFTC was quoted at 1,140.7 to the dollar at the conclusion of onshore trade, its weakest closing level since August 18. It was down 0.3 percent on Tuesday's close of 1,136.0.

For a full report, click on KRW/

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TREASURIES

NEW YORK - U.S. Treasury yields rose to months- and years-long highs on Wednesday after a better-than-expected reading on U.S. durable goods orders that suggested inflation may be picking up and the Federal Reserve may be taking a stronger path of rate increases than currently priced into the market.

New orders for U.S.-made capital goods rose 1.7 percent in August, despite an expected drag from Hurricanes Harvey and Irma that devastated much of the southern United States.

For a full report, click on US/

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LONDON - Euro zone bond yields rose sharply on Wednesday after U.S. Federal Reserve chief Janet Yellen confirmed the outlook for further rate rises and as markets braced for President Donald Trump's administration to outline a new tax plan.

Two-year U.S. Treasury yields climbed to their highest level since October 2008 US2YT=RR after Yellen said late on Tuesday it would be "imprudent" to keep rates on hold until U.S. inflation hit 2 percent.

For a full report, click on GVD/EUR

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TOKYO - Japanese government bonds slipped on Wednesday as buying operations by the Bank of Japan drew strong selling interest from investors, who were bracing for the announcement of a tax plan from U.S. President Donald Trump.

The yield on the 10-year JGB rose 2.5 basis points to 0.050 percent JP10YTN=JBTC , the highest since mid-August.

For a full report, click on JP/

COMMODITIES

GOLD

Rising expectations that the U.S. Federal Reserve will raise interest rates again this year drove gold to a month low on Wednesday, after its biggest one day loss in almost two years during the previous session.

Platinum meanwhile hit parity with palladium for the first time since 2001 on diverging demand expectations. Platinum is used more heavily in the diesel engines that have fallen out of favour since 2015's Volkswagen (DE:VOWG_p) emissions-rigging scandal.

For a full report, click on GOL/

- - - -

IRON ORE

China's iron ore and steel futures climbed on Wednesday after some cities in the north of the country announced an early start to winter restrictions on mill output, though coke and coking coal both continued to fall on worries over faltering demand.

The most-traded construction steel futures contract on the Shanghai Futures Exchange SRBcv1 closed up 1.74 percent at 3,679 yuan ($554.27) per tonne, for its biggest one-day gain since Sept. 4.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper closed higher on Wednesday, clawing back some lost ground after five straight days of decline as expectations that buoyant demand would outstrip supply in the longer term tempted some buyers back to the market.

Prices were also supported by appetite for cyclical assets in the wider markets, with world stocks rising as Republicans rolled out their U.S. tax reform plan. A stronger dollar capped gains, however.

For a full report, click on MET/L

- - - -

OIL

Brent prices fell on Wednesday while U.S. crude rallied, after oil stockpiles in the world's top consumer unexpectedly drew down with refiners coming back online following Hurricane Harvey last month.

Brent LCOc1 slipped from 26-month highs to settle down 54 cents, or nearly 1 percent, at $57.90 a barrel, while U.S. West Texas Intermediate crude (WTI) CLc1 ended 26 cents, or 0.5 percent, higher at $52.14 but stayed below five-month highs. The market was hurt by strength in the dollar, which often moves in the inverse direction of oil prices.

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures erased earlier gains to end the trading day slightly lower on Wednesday evening, tracking overnight losses in soyoil on the Chicago Board of Trade.

The benchmark palm oil contract for December delivery 1FCPOc3 on the Bursa Malaysia Derivatives Exchange fell 0.1 percent to 2,747 ringgit ($651) a tonne at the close of trade, its third drop in four sessions.

For a full report, click on POI/

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RUBBER

Benchmark Tokyo rubber futures hit a one-week high on Wednesday, buoyed by late recovery in Shanghai futures and yen's decline against the dollar after comments by the U.S. Federal Reserve chief boosted bets on another rate hike, brokers said.

The Tokyo Commodity Exchange rubber contract for March delivery JRUc6 , 0#2JRU: finished 1.7 yen higher at 217.7 yen ($1.93) per kg. Earlier in the session, it touched 219.1 yen, its highest since Sept. 19.

For a full report, click on RUB/T

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

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