Asia Morning Call-Global Markets

Reuters
Aug 26
Asia Morning Call-Global Markets

Aug 26 (Reuters) -

Stock Markets

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

8,972.40

5.00

NZX 50**

13,079.5

36.74

DJIA

45,379.30

-252.44

NIKKEI**

42,807.82

174.53

Nasdaq

21,529.81

34.04

FTSE**

9,321.40

12.20

S&P 500

-252.44

-10.21

Hang Seng**

25,829.91

490.77

SPI 200 Fut

8927

-22

STI**

4,256.49

3.47

SSEC**

3,883.56

57.80

KOSPI**

3,209.86

41.13

----------------------------------------------------------------------------------------

Bonds

Bonds

JP 10 YR Bond

1.6200

0.0010

KR 10 YR Bond

2.854

-0.001

AU 10 YR Bond

4.2960

0.0100

US 10 YR Bond

4.2692

0.011

NZ 10 YR Bond

4.4030

-0.0120

US 30 YR Bond

4.8857

0.003

----------------------------------------------------------------------------------------

Currencies

SGD US$

1.2843

0.0028

KRW US$

1,388.870

5.05

AUD US$

0.6492

0.00004

NZD US$

0.5856

-0.0012

EUR US$

1.1644

-0.0071

Yen US$

147.5800

0.63

THB US$

32.4400

0.07

PHP US$

56.6490

0.248

IDR US$

16,250

-85

INR US$

87.5430

0.217

MYR US$

4.2050

-0.02

TWD US$

30.4500

-0.135

CNY US$

7.1521

-0.0145

HKD US$

7.8116

-0.0023

----------------------------------------------------------------------------------------

Commodities

Spot Gold

3,373.49

-0.4

Silver (Lon)

38.81

-0.2

U.S. Gold Fut

3,418.60

0.1

Brent Crude

68.94

1.21

Iron Ore

CNY787

17

TRJCRB Index

-

-

TOCOM Rubber

JPY321.8

5

LME Copper

9,735

14

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1805 GMT

EQUITIES

GLOBAL - Major stock indexes mostly eased on Monday after gaining on Friday when Federal Reserve Chair Jerome Powell indicated that a September interest rate cut was likely but not certain, while the dollar stabilized.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 0.32 points, or 0.03%, to 954.97.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - Wall Street's main indexes were mixed on Monday as investors weighed U.S. Federal Reserve Chair Jerome Powell's hints of a near-term interest-rate cut and looked ahead to AI leader Nvidia's quarterly earnings later in the week.

At 11:46 a.m. ET, the Dow Jones Industrial Average .DJI fell 238.55 points, or 0.52%, to 45,393.19, the S&P 500 .SPX lost 6.03 points, or 0.09%, to 6,460.88, and the Nasdaq Composite .IXIC gained 54.05 points, or 0.25%, to 21,550.58.

For a full report, click on .N

- - - -

LONDON - European shares closed lower on Monday, giving back Friday's gains on optimism around U.S. monetary policy easing, while JDE Peet's soared on a buyout deal.

The pan-European STOXX 600 index .STOXX closed 0.4% lower in its worst day in over three weeks but was about 1% away from record highs.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average rose for a second straight session on Monday, led by tech shares as the domestic market reacted to optimism for looser monetary policy in the U.S.

The Nikkei 225 Index .N225 gained 0.4% to close at 42,807.82.

For a full report, click on .T

- - - -

SHANGHAI - China and Hong Kong stocks jumped on Monday, led by the rare earth and property sectors, extending the recent bull run as abundant liquidity continued to fuel gains.

The Shanghai Composite index .SSEC was up 1.5% at 3,883.56, the highest since August 2015.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares closed slightly higher on Monday, trimming earlier gains from a record-high level, as rising U.S. rate cut expectations boosted risk appetite across sectors, while stronger iron ore prices supported commodity stocks.

The S&P/ASX 200 index .AXJO closed 0.1% higher at 8,972.4 points, after hitting a record high of 9,054.5 points earlier in the session.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares rose on Monday, tracking Wall Street's rally on optimism the Federal Reserve will cut interest rates next month after Chair Jerome Powell's dovish pivot last week.

The benchmark KOSPI .KS11 closed up 41.13 points, or 1.30%, at 3,209.86.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar clung to modest gains against major currencies on Monday, stabilising after a steep fall last week that followed remarks from Federal Reserve Chair Jerome Powell that raised expectations of a rate cut next month.

Measured against a basket of six major currencies =USD, the dollar has weakened by more than 9.5% this year. It was last up 0.05% at 97.88.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan jumped to the strongest level in a month against the dollar on Monday, lifted by a dovish policy pivot by the U.S. Federal Reserve Chair Jerome Powell.

The onshore yuan CNY=CFXS strengthened to a high of 7.1569 per dollar, the strongest level since July 24.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars largely held their gains on Monday, after a dovish turn from the world's most powerful central banker hurt the greenback and helped the pair recover in the previous session, although they are still grappling with rate-cut burdens.

The Aussie AUD=D3 slipped 0.1% to $0.6485, having rallied 1.1% on Friday to bounce off a two-month trough of $0.6415.

For a full report, click on AUD/

- - - -

SEOUL - The South Korean won weakened against the dollar.

The won was quoted at 1,384.7 per dollar on the onshore settlement platform KRW=KFTC, 0.09% lower than its previous close at 1,383.5.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields rose on Monday after Federal Reserve Chair Jerome Powell on Friday indicated that a September rate cut was likely, but not certain, and before the Treasury will sell short- and intermediate-dated debt this week.

The yield on benchmark U.S. 10-year notes US10YT=RR rose 2.9 basis points to 4.287%.

For a full report, click on US/

- - - -

LONDON - Euro zone government bond yields resumed their climb on Monday, reversing a U.S. Federal Reserve-driven fall from late last week as traders reassessed that move and any Fed impact on Europe.

Germany's 10-year bond yield, the euro zone's benchmark, was last up around 5 basis points at 2.77% DE10YT=RR, heading back towards last week's near five-month top around 2.79%.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japanese government bonds steadied on Monday after a tumultuous week that saw fiscal concerns drive super long-term yields to record highs.

The benchmark 10-year JGB yield JP10YTN=JBTC was flat at the 1.615% level reached on Friday, its highest since October 2008.

For a full report, click on JP/

COMMODITIES

GOLD - Gold prices held steady on Monday, as the market's focus shifted to upcoming U.S. PCE data for cues on the Federal Reserve's policy path, while a stronger dollar capped gains.

Spot gold XAU= inched up 0.1% at $3,373.49 per ounce, as of 1151 a.m. ET (15:51 GMT).

For a full report, click on GOL/

- - - -

IRON ORE - Iron ore futures touched a one-week high on Monday as Rio Tinto suspended activity at its Simandou project in Guinea following an incident, raising fears of a potential delay in production start at the mine.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trade 2.27% higher at 787 yuan ($110.06) a metric ton, its highest since August 14.

For a full report, click on IRONORE/

- - - -

BASE METALS - Shanghai copper prices hit a more than one-week high on Monday, tracking some weakness in the dollar, after the U.S. central bank chief signalled a possible rate cut next month and as demand in top metals consumer China remained upbeat.

The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 ended daytime trade up 1.25% at 79,690 yuan ($11,141.56) per metric ton, the highest since 24 July.

For a full report, click on MET/L

- - - -

OIL - Oil prices climbed on Monday as traders weighed concerns that Russian supply could be disrupted by more U.S. sanctions and Ukrainian attacks targeting energy infrastructure in Russia.

Brent crude futures LCOc1 were up40 cents, or 0.6%, to $68.13 by 1315 GMT.

For a full report, click on O/R

- - - -

PALM OIL - Malaysian palm oil futures slipped on Monday, as concerns that recent high prices may dampen future demand weighed on the market.

The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange fell 36 ringgit, or 0.79%, to 4,493 ringgit ($1,068.49) a metric ton at the close.

For a full report, click on POI/

- - - -

RUBBER - Japanese rubber futures rose on Monday, supported by weather-related supply concerns in key producing regions and firmer oil prices.

The Osaka Exchange (OSE) rubber contract for January delivery JRUc6, 0#2JRU: was up 5 yen, or 1.58%, at 321.8 yen ($2.19) per kg.

For a full report, click on RUB/T

- - - -

(Bengaluru Bureau; +91 80 6749 1130)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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