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UPDATE 1-Asia Morning Call-Global Markets

Published 09/11/2017, 08:47 am
Updated 09/11/2017, 08:50 am
© Reuters.  UPDATE 1-Asia Morning Call-Global Markets

Nov 9 (Reuters) - Stock Markets

Net Chng

Stock Markets

Net Chng S&P/ASX 200** 6,016.265

1.959

NZX 50**

7,999.0

-41.42 DJIA**

23,563.36

6.13

NIKKEI**

22,913.82

-23.78 Nasdaq**

6,789.118

21.335

FTSE**

7,529.72

16.61 S&P 500**

2,594.38

3.74

Hang Seng**

28,907.6

-86.74 SPI 200 Fut

6,010.0

12.0

STI**

3,421.25

8.15 SSEC**

3,414.908

1.3332

KOSPI**

2,552.40

6.96 -------------------------------------------------------------------------------------- -- Bonds

Net Chng

Bonds

Net Chng JP 10 YR Bond 0.022

-0.002

KR 10 YR Bond

2.543

0.002 AU 10 YR Bond 2.616

0.037

US 10 YR Bond

2.3289

0.022 NZ 10 YR Bond 2.925

0.05

US 30 YR Bond

2.7871

0.017 -------------------------------------------------------------------------------------- --

Currencies

Net Chng

Net Chng SGD US$

1.3616

-0.0029

KRW US$

1,112.79

-0.14 AUD US$

0.7678

0.0034

NZD US$

0.6967

0.0068 EUR US$

1.1596

0.0011

Yen US$

113.82

-0.19 THB US$

33.11

-0.02

PHP US$

51.223

-0.143 IDR US$

13,515

3

INR US$

64.915

-0.135 MYR US$

4.228

-0.0005

TWD US$

30.187

0.056 CNY US$

6.6317

-0.0078

HKD US$

7.7979

-0.0066 -------------------------------------------------------------------------------------- --

Commodities

Net Chng

Net Chng Spot Gold

1,280.83

5.05

Silver (Lon)

17.01

0.058 U.S. Gold Fut 1,281.6

5.8

Brent Crude

63.50

-0.19 Iron Ore

CNY474

8

TRJCRB Index

191.8912

0.0441 TOCOM Rubber

JPY202

-2.7

LME Copper

6,853

27 --------------------------------------------------------------------------------------- --

** indicates closing price

All prices as of 2116 GMT

EQUITIES

GLOBAL - Increasing concern that U.S. Republicans' plans to cut corporate taxes may not win congressional approval as early as expected weighed on American stock indexes on Wednesday, overshadowing strong economic data in Asia that sent the MSCI All World Index to a record high

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The Dow Jones Industrial Average .DJI rose 9.27 points, or 0.04 percent, to 23,566.5, the S&P 500 .SPX gained 2.56 points, or 0.10 percent, to 2,593.2 and the Nasdaq Composite .IXIC added 14.81 points, or 0.22 percent, to 6,782.59.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - The S&P 500 approached its highest ever close on Wednesday as a rally in videogame makers helped offset doubts about an ambitious Republican plan to cut corporate taxes and weakness in banks.

At 2:23 pm ET (1923 GMT), the Dow Jones Industrial Average .DJI was up 0.05 percent at 23,569.28 points, while the S&P 500 .SPX had gained 0.13 percent to 2,594.04.

The Nasdaq Composite .IXIC added 0.28 percent to 6,786.64.

For a full report, click on .N

- - - -

LONDON - Financial shares weighed on European indexes on Wednesday amid doubts over U.S. tax reform plans and the "Trumpflation" trade and concerns over some European lenders' earnings and over non-performing loans in Italy.

The pan-European STOXX 600 .STOXX dipped 0.1 percent as the indexes of financial services .SXFP and banks .SX7P fell 0.4 percent and 0.2 percent respectively, in line with a similar trend in early trading on Wall Street.

For a full report, click on .EU

- - - -

TOKYO - Japan's Topix index hit a near 11-year high on Wednesday as foreign investors continued to pile in on strong earnings hopes for Japan Inc., though the Nikkei edged down from a near 26-year high on profit-taking.

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The Nikkei .N225 ended 0.1 percent lower to 22,913.82, though remained near 22,953.18 hit on Tuesday, its highest level since January 1992.

For a full report, click on .T

- - - -

SHANGHAI - China's blue-chip index reversed earlier gains to end lower, weighed down by healthcare and consumer stocks, and after data showed the country's exports growth slowed in October.

The blue-chip CSI300 index .CSI300 fell 0.2 percent to 4,048.01 points, before climbing to a 27-month high, while the Shanghai Composite Index .SSEC added 0.1 percent to 3,415.46 points.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares are expected to tick up on Thursday, taking cues from Wall Street which closed at a record high, although lower commodity prices might weigh on the index.

The local share price index futures YAPcm1 rose 0.2 percent, or 12 points to 6,010, a 6.3-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed up 0.03 percent on Wednesday.

For a full report, click on .AX

- - - -

SEOUL - South Korea's KOSPI stock index .KS11 rose on Wednesday. The Korean won fell while bond yields rose.

At 06:30 GMT, the KOSPI was up 6.96 points or 0.27 percent at 2,552.40.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar slipped to a more than one-week low against the yen on Wednesday, pressured by worries over possible delays to President Donald Trump's tax reform plans.

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The dollar index .DXY , which tracks the greenback against six major currencies, was down 0.04 percent at 94.875.

For a full report, click on USD/

- - - -

CHINA - China's yuan inched up against the U.S. dollar in thin trade on Wednesday, supported by some weakness in the greenback in global markets, traders said.

In the spot market, the onshore yuan CNY=CFXS opened at 6.6370 per dollar and was changing hands at 6.6378 at midday, 17 pips firmer than the previous late session close.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian dollar held near four-month lows on Wednesday on expectations that local interest rates will stay at record lows for a long time yet, while trade in its New Zealand cousin was muted ahead of a policy decision.

The Aussie dollar AUD=D4 also came under some pressure after data from China showed imports of crude oil, copper and iron ore fell in October from the previous month. China is Australia's No.1 trading partner.

For a full report, click on AUD/

- - - -

SEOUL - South Korea's KOSPI stock index .KS11 rose on Wednesday. The Korean won fell while bond yields rose.

The won KRW= was quoted at 1,114.27 per U.S. dollar, down 0.16 percent from the previous day, while in one-year non-deliverable forwards KRWNDFOR= it was being transacted at 1,111.85 per dollar.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields on Wednesday afternoon pared their earlier gain following solid demand at a $23 billion auction of 10-year government securities, the second leg of this week's $64 billion quarterly refunding.

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At 1:10 p.m. EST (1810 GMT), the yield on benchmark 10-year Treasury notes US10YT=RR on the open market was traded at 2.320 percent, up 1.3 basis points from late on Tuesday, while the 30-year bond yield

For a full report, click on US/

- - - -

LONDON - Yields on long-term German bonds fell to four-month lows on Wednesday, part of a global trend of flattening curves that suggests investors have doubts over the future path of inflation and may even be starting to price in the next slowdown.

German 30-year yields fell 2 basis points on Wednesday to a two-month low of 1.13 percent DE30YT=TWEB , 10-year yields fell 1 bps also to a two-month low of 0.31 percent DE10YT=TWEB , and two-year yields were flat at minus 0.76 percent DE2YT=TWEB .

For a full report, click on GVD/EUR

- - - -

TOKYO - Japanese government bond prices tracked gains by U.S. Treasuries and rose on Wednesday, with a pause in long rallying Tokyo stocks also helping the debt market.

The benchmark 10-year yield JP10YTN=JBTC stood unchanged at 0.025 percent.

For a full report, click on JP/

COMMODITIES

GOLD

Gold rose on Wednesday, hovering near a three-week high as the dollar retreated on expectations of possible delays in long-awaited U.S. tax reforms, while palladium hit its highest since 2001.

Spot gold XAU= was up 0.6 percent at $1,283.20 an ounce by 2:00 p.m. EST (1900 GMT). U.S. gold futures GCcv1 for December delivery settled up $7.90, or 0.6 percent, at $1,283.70 per ounce.

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For a full report, click on GOL/

- - - -

IRON ORE

Chinese iron ore futures pulled back on Wednesday after data showed imports of the steelmaking commodity by the world's biggest buyer declined to 20-month lows as steel mills curb output in line with Beijing's war against smog.

The most-traded iron ore contract for January delivery on the Dalian Commodity Exchange DCIOcv1 closed down 0.5 percent at 466 yuan ($70) a tonne. It touched a near six-week high of 475 yuan on Tuesday.

For a full report, click on IRONORE/

- - - -

BASE METALS

The price of aluminium slipped further on Wednesday as investors judged its recent rally as being mainly driven by speculators rather than supply/demand factors.

Three-month aluminium CMAL3 on the London Metal Exchange shed 1.1 percent to close at $2,109 a tonne after dropping 1.8 percent on Tuesday.

For a full report, click on MET/L

- - - -

OIL

Oil prices were little changed on Wednesday as rising political tensions in the Middle East offset U.S. government data showing an increase in domestic crude production and a surprise build in stockpiles.

Brent futures LCOc1 were down 4 cents, or 0.1 percent, at $63.65 a barrel by 11:24 a.m. EST (1624 GMT), while U.S. West Texas Intermediate crude CLc1 was down 16 cents, or 0.3 percent, at $57.04 per barrel.

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures jumped to a one week top on Wednesday evening, charting a second straight day of gains, over concerns that rainy weather could lower production.

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The benchmark palm oil contract for January delivery 1FCPOc3 on the Bursa Malaysia Derivatives Exchange was up 1.3 percent at 2,820 ringgit ($666.98) a tonne at the close of trade, its strongest daily gain in over two weeks.

For a full report, click on POI/

- - - -

RUBBER

Benchmark Tokyo rubber futures ended lower on Wednesday on profit-taking after four days of gains and a decline in Shanghai futures.

The Tokyo Commodity Exchange rubber contract for April delivery JRUc6 , 0#2JRU: finished 1.3 yen lower at 204.7 yen ($1.80) per kg.

For a full report, click on RUB/T

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

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