Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

UPDATE 1-Asia Morning Call-Global Markets

Published 15/01/2018, 08:18 am
© Reuters.  UPDATE 1-Asia Morning Call-Global Markets
AUD/USD
-
US500
-
DJI
-
AXJO
-
JP225
-
JPM
-
USD/CNY
-
GKN
-
MRON
-
WFC
-
HG
-
LCO
-
US2YT=X
-
KS11
-
STOXX
-
SXAP
-
TIOc1
-

Jan 15 (Reuters) - Stock Markets

Net Chng

Stock Markets

Net Chng S&P/ASX 200** 6,070.10

2.5

NZX 50**

8,242.35

-8.09 DJIA

25,803.19

228.46

NIKKEI**

23,653.82

-56.61 Nasdaq

7,261.062

49.29

FTSE**

7,778.64

15.70 S&P 500

2,786.24

18.68

Hang Seng**

31,412.54

292.15 SPI 200 Fut

6049.0

31.0

STI**

3,520.56

7.88 SSEC**

3,429.32

3.97

KOSPI**

2,496.42

8.51 -------------------------------------------------------------------------------------- -- Bonds

Bonds

JP 10 YR Bond 0.075

0.001

KR 10 YR Bond

2.617

-0.006 AU 10 YR Bond 2.735

0.004

US 10 YR Bond

2.5498

0 NZ 10 YR Bond 2.885

0.01

US 30 YR Bond

2.8523

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

Currencies

SGD US$

1.3229

-0.0022

KRW US$

1,059

0.01 AUD US$

0.7908

-0.0006

NZD US$

0.7246

-0.0008 EUR US$

1.2198

0.0013

Yen US$

111.09

0.06 THB US$

31.95

0.02

PHP US$

50.3

-0.029 IDR US$

13,350

-47

INR US$

63.6

-0.08 MYR US$

3.97

-0.015

TWD US$

29.6

-0.005 CNY US$

6.4665

-0.0313

HKD US$

7.8223

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

Commodities

Spot Gold

1,338.34

-16

Silver (Lon)

17.252

0.282 U.S. Gold Fut 1,334.9

0

Brent Crude

69.87

2.25 Iron Ore

CNY540

-7

TRJCRB Index

196.056

0.896 TOCOM Rubber

JPY209.5

-1

LME Copper

7,112.5

-28 --------------------------------------------------------------------------------------- --

** indicates closing price

All prices as of 2045 GMT

EQUITIES

GLOBAL - The U.S. dollar fell to a more than three-year low against the euro on Friday, extending recent losses on expectations European Central Bank policymakers are preparing to reduce stimulus, while U.S. stocks continued to rally and marked record closing highs.

Optimism about fourth-quarter earnings boosted stocks. Bank shares climbed following quarterly results from JPMorgan Chase & Co (NYSE:JPM) JPM.N and Wells Fargo (NYSE:WFC) WFC.N . A global stock index registered an eighth straight week of gains.

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

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.

The S&P 500 and Nasdaq both registered their eight record closing highs out of the first nine trading days of 2018, while the Dow boasted its sixth closing high of the year.

For a full report, click on .N

- - - -

LONDON - Dealmaking activity drove sharp share price moves in Europe on Friday with British engineer GKN GKN.L leaping after it rejected an unsolicited offer from rival Melrose MRON.L .

A gain of over 26 percent in GKN and strength in the auto sector .SXAP led a broad-based rally, helping the pan-European STOXX 600 .STOXX benchmark end 0.3 percent higher following losses in the previous two sessions.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average edged lower on Friday as weakness in exporters weighed on the index, but strong gains in index-heavy Fast Retailing on record quarterly profit limited the losses.

The Nikkei .N225 ended 0.2 percent lower at 23,653.82, slightly below its 5-day moving average of 23,743.39. For the week, it dropped 0.3 percent.

For a full report, click on .T

- - - -

SHANGHAI - China stocks managed to look past soft trade data and end the week higher on Friday, with the benchmark Shanghai index up for the 11th straight session on strong gains in consumer and financial firms.

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

China's exports and imports growth slowed in December after unexpectedly surging the previous month, adding to signs of ebbing economic growth as the government extended a crackdown on financial risks and factory pollution.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares are poised to open higher on Monday, led by financials and material stocks, taking cues from Wall street's record close in the previous session and a rally in metal prices.

The local share price index futures YAPcm1 rose 0.52 percent, or 31 points, to 6,049 - a 21.1-point discount to the underlying S&P/ASX 200 index .AXJO close.

For a full report, click on .AX

- - - -

SEOUL - South Korea's KOSPI stock index .KS11 rose on Friday. The Korean won climbed in the local platform and bond yields rose.

At 06:30 GMT, the KOSPI was up 8.51 points or 0.34 percent at 2,496.42.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar slipped to a more than three-year low against the euro on Friday, as the common currency extended its gains on hopes that European Central Bank policymakers are preparing to reduce their vast monetary stimulus programme.

The euro was up 1.21 percent to $1.2177, on pace for its biggest single-day percentage gain against the greenback in more than six months.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan extended its rally against the dollar on Friday to its strongest level in more than four months, supported by rising corporate dollar sales.

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

The onshore yuan CNY=CFXS opened at 6.4920 per dollar on Friday and surged to a high of 6.4740 at one point in afternoon trade, the strongest since Sept.8, 2017.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars both hit four-month highs on Friday as their U.S. counterpart came under broad based pressure, though trade figures from China proved too mixed to provide any further impetus.

The Aussie dollar AUD=D4 broke above 79 cents for the first time since September to top out at $0.7906, before profit-taking hauled it back to $0.7880.

For a full report, click on AUD/

- - - -

SEOUL - The won was quoted at 1,064.8 per dollar on the onshore settlement platform KRW=KFTC , 0.68 percent firmer than its previous close at 1,072. The currency was buoyed by a weaker dollar after the euro rose on European Central Bank's signal to end its massive stimulus. The won edged down 0.2 percent for the week, snapping four straight weeks of gains.

In offshore trading, the won KRW= was quoted at 1,063.9 per U.S. dollar, up 0.06 percent from the previous day, while in one-year non-deliverable forwards KRWNDFOR= it was being transacted at 1,056.75 per dollar.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - Treasury yields climbed on Friday as underlying U.S. consumer prices rose the most in 11 months in December, bolstering expectations of a pickup in domestic inflation and Federal Reserve interest rate hikes this year.

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

The two-year yield US2YT=RR , which is sensitive to traders' views on interest rates, rose to more than 2 percent for the first time since the financial crisis.

For a full report, click on US/

- - - -

LONDON - Euro zone bond yields fell on Friday, with German yields pulling back from five-month peaks after a top European Central Bank official played down the risk of an imminent rate hike.

Bond yields rose sharply on Thursday after the accounts of the latest ECB meeting showed policymakers were preparing for a change in their message to reflect an improved economic outlook for the euro zone.

For a full report, click on GVD/EUR

- - - -

TOKYO - Benchmark Japanese government bonds edged down on Friday, though superlong maturities rose after a 40-year auction met with solid demand.

The 10-year cash JGB yield JP10YTN=JBTC added half a basis point to 0.070 percent, while 10-year JGB futures 2JGBv1 ended flat on the day at 150.48.

For a full report, click on JP/

COMMODITIES

GOLD

Gold hit a four-month high on Friday and was on track for a fifth straight weekly gain as the U.S. dollar fell against the euro on an agreement for a political coalition in Germany.

Palladium hit a record high in a continued rally fueled by tight supplies and increased demand in the automotive industry for autocatalysts in gasoline-burning vehicles.

For a full report, click on GOL/

- - - -

IRON ORE

Chinese steel futures on Friday posted their biggest daily loss in one month after gaining for three straight days as cooling winter demand dented prices and weighed on iron ore, the key steelmaking raw material.

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

Steel traders and end users are reluctant to restock on expectations that faltering demand in winter months would continue to dent prices.

For a full report, click on IRONORE/

- - - -

BASE METALS

Zinc prices edged up to their highest in more than a decade on Friday, supported by potential shortages and low inventories, but some investors voiced concern about the lofty levels.

Benchmark zinc CMZN3 on the London Metal Exchange climbed to $3,409 a tonne, the strongest since August 2007, before paring gains by the close to $3,383.50, up 0.1 percent.

For a full report, click on MET/L

- - - -

OIL

Oil prices rose for a sixth day on Friday after Russia's oil minister said that global crude supplies were "not balanced yet," alleviating market concerns about a wind-down of the OPEC-led deal to reduce production.

Russian Energy Minister Alexander Novak said ministers from leading OPEC and non-OPEC producers will discuss the possibility of exiting the deal at a coming committee meeting, but said that "we see that the market surplus is decreasing, but the market is not completely balanced yet."

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures fell by more than 1 percent on Friday evening, extending a sharp decline from the previous session to hit their lowest in nearly two weeks, tracking weakness in related edible oils as the ringgit MYR= strengthened.

The benchmark palm oil contract for March delivery 1FCPOc3 on the Bursa Malaysia Derivatives Exchange was down 1.2 percent at 2,536 ringgit ($638.79) a tonne at the end of the trading day for a second daily decline.

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

For a full report, click on POI/

- - - -

RUBBER

Benchmark Tokyo rubber futures ended 1.7 percent higher on Friday, in line with a firm Shanghai market that got support from government data showing a rise in monthly imports by the world's top consumer, brokers said.

Preliminary government data showed China imported 840,000 tonnes of natural and synthetic rubber in December, up 15.1 percent from a year earlier.

For a full report, click on RUB/T

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.