Asia Morning Call-Global Markets (updated)
UPDATE 1-Asia Morning Call-Global Markets Oct 27 (Reuters) -
Stock Markets | Net Change | Stock Markets | Net Change | ||
S&P/ASX 200** | 8,809.90 | 14.70 | NZX 50 | 13,733.93 | −12.91 |
DJIA | 52,332.00 | 116.84 | NIKKEI | 62,189.65 | −503.51 |
Nasdaq | 26,204.19 | 248.85 | FTSE | 10,767.33 | 76.97 |
S&P 500 | 7,679.58 | 55.90 | Hang Seng | 23,211.81 | 118.4 |
SPI 200 Fut | 8,820.5 | 56.0 | STI | 5,415.91 | -6.25 |
SSEC | 3,697.52 | 7.04 | KOSPI | 5,469.47 | -80.83 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 2.8050 | 0.0180 | KR 10 YR Bond | 4.075 | -0.024 |
AU 10 YR Bond | 5.1880 | 0.0160 | US 10 YR Bond | 4.9801 | -0.0079 |
NZ 10 YR Bond | 4.9700 | 0.0000 | US 30 YR Bond | 5.2942 | -0.0208 |
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Currencies | |||||
SGD US$ | 1.2806 | 0.0024 | KRW US$ | 1,325.430 | 1.83 |
AUD US$ | 0.7020 | -0.00136 | NZD US$ | 0.5682 | -0.0017 |
EUR US$ | 1.1180 | -0.0022 | Yen US$ | 157.4700 | 0.61 |
THB US$ | 33.7500 | 0 | PHP US$ | 63.8780 | 0.317 |
IDR US$ | 18,110 | 70 | INR US$ | 95.1850 | 0.245 |
MYR US$ | 4.0850 | 0.002 | TWD US$ | 32.2290 | 0.02 |
CNY US$ | 6.6695 | -0.0009 | HKD US$ | 7.8453 | 0.0037 |
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Commodities | |||||
Spot Gold | 4,013.64 | 18.01 | Silver (Lon) | 54.11 | 0.14 |
U.S.Gold Fut | 4,026.32 | -12.08 | Brent Crude | 115.8 | -0.98 |
Iron Ore | 671.5 | -3.5 | TRJCRB Index | - | - |
TOCOM Rubber | 445.5 | -2.9 | LME Copper | 14,341 | 7 |
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** indicates closing price
All prices as of 2015 GMT
EQUITIES
GLOBAL - Global shares advanced on Monday, with investors focused on a week of central bank meetings and corporate earnings that will test confidence in the AI boom.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 5.05 points, or 0.45%, to 1,124.02.
For a full report, click on MKTS/GLOB
- - - -
NEW YORK - US stocks closed higher on Monday, with the S&P 500 and Nasdaq coming off consecutive weekly declines, as Anthropic's IPO filing helped boost sentiment in AI-related stocks in a week filled with a host of market catalysts.
According to preliminary data, the S&P 500 .SPX gained 53.35 points, or 0.70%, to end at 7,677.03 points, while the Nasdaq Composite .IXIC gained 214.02 points, or 0.83%, to 26,169.38. The Dow Jones Industrial Average .DJI rose 146.60 points, or 0.28%, to 52,361.76.
For a full report, click on .N
- - - -
LONDON - European shares staged a recovery on Monday as upbeat c orporate updates h elped investors look past elevated oil prices at the start of a week packed with central bank policy decisions.
The pan-European STOXX 600 index .STOXX c losed 0.77% higher at 640.6 6 points, l ed by g ains in British technology services provider Computacenter CCC.L and Danish biotech Genmab GMAB.CO.
For a full report, click on .EU
- - - -
TOKYO - Japan's Nikkei share gauge lost ground for a third straight session on Monday as chip-related shares continued their decline, while energy-linked shares gained on higher oil prices.
The benchmark Nikkei 225 .N225 slid 0.80% to close at 62,189.65, its lowest closing level since July 30.
For a full report, click on .T
- - - -
SHANGHAI - China stocks recouped earlier losses and ended largely flat on Monday, as investors turned cautious ahead of a busy week of major central bank meetings.
By the close, the benchmark Shanghai Composite index .SSEC was up 0.2%, while the blue-chip CSI300 index .CSI300 was roughly unchanged at 4,103.54 points.
For a full report, click on .SS
- - - -
AUSTRALIA - Australian shares were set to open largely unchanged on Tuesday, with potential gains in miners from firmer commodity prices set to counter higher oil price-driven losses in energy stocks, ahead of Wednesday's key inflation data.
The local share price index futures YAPcm1 fell 0.1%, an 11.1-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.2% on Monday.
For a full report, click on .AX
- - - -
SEOUL - Round-up of South Korean financial markets: ** South Korean shares closed down on Monday as concerns over the AI trade intensified ahead of earnings from US megacap tech companies this week.
The benchmark KOSPI .KS11 closed down 80.83 points, or 1.46%, at 5,469.47.
For a full report, click on KRW/
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro fell against the dollar on Monday ahead of a busy week of central bank meetings and with crude oil prices remaining elevated, while the Brazilian real tumbled following a surprise election victory by President Luiz Inacio Lula da Silva.
The dollar index =USD, which measures the US currency against a basket of peers, was up 0.34% at 102.02.
For a full report, click on USD/
- - - -
CHINA - China's yuan climbed to a fresh four-year high against the dollar on Monday, extending its longest winning streak since May, as softer oil prices and US Treasury yields weighed on the greenback, ahead of key policy meetings at home and overseas.
In the spot market, the onshore yuan CNY=CFXS hit a high of 6.6682 per dollar at one point, the strongest level since June 2022, before last trading at 6.6691 as of 0252 GMT.
For a full report, click on CNY/
- - - -
AUSTRALIA - The kiwi dollar was little changed on Monday ahead of a central bank decision widely expected to see interest rates rise for a third time this year, while the Aussie awaited inflation data that could make or break the case for an imminent rate hike.
Across the Tasman Sea, the Aussie AUD=D3 was flat at $0.7030 AUD=D3, having gained 1.3% last week to bounce away from a 15-week low of $0.6895.
For a full report, click on AUD/
- - - -
SEOUL - Korean won strengthens against dollar
The won was quoted at 1,323.1 per dollar on the onshore settlement platform KRW=KFTC, 0.23% higher than its previous close at 1,326.2.
For a full report, click on KRW/
- - - -
TREASURIES
NEW YORK - The benchmark 10-year Treasury yield was little changed on Monday as investors awaited potential guidance on interest rates from the Federal Reserve this week and more earnings reports from major AI players.
The yield on the benchmark US 10-year Treasury note US10YT=RR was last unchanged at 4.988%.
For a full report, click on US/
- - - -
LONDON - French government bonds were on track for their biggest daily price rally since May on Monday, as this month's selloff paused after the country's sovereign debt was spared a ratings downgrade by Moody's, while weekend protests largely passed without the civil unrest of the week before.
Germany's 10-year government bond yield DE10YT=RR, the benchmark for the euro zone, was up 1 bp at 3.35%.
For a full report, click on GVD/EUR
- - - -
TOKYO - Japanese government bond (JGB) yields edged higher on Monday following a surge in bond prices last week and as attention focused on key central bank meetings.
The benchmark 10-year JGB yield JP10YTN=JBTC climbed 1.5 basis points (bps) to 2.810%, reversing slightly from its sharpest weekly slide since April 2025.
For a full report, click on JP/
- - - -
COMMODITIES
GOLD - Gold prices rose on Monday, rebounding from the previous session's more than three-month low, as retreating oil prices tempered inflation concerns ahead of this week's US Federal Reserve meeting.
Spot gold XAU= rose 0.6% to $4,020.60 per ounce by 2:09 p.m. EDT (1809 GMT) after hitting $3,975 on Friday, its lowest level since July 20.
For a full report, click on GOL/
- - - -
IRON ORE - Iron ore prices traded in a tight range on Monday as investors weighed seasonally weaker demand in China, the world's top consumer, against bets on fresh stimulus from Beijing to bolster the world's second-largest economy.
The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trading up 0.07% a t 671.5 yuan ($100.70) a metric ton.
For a full report, click on IRONORE/
- - - -
BASE METALS - Zinc jumped to its highest in two weeks on Monday as falling inventories and rising power prices boosted sentiment on the metal used to galvanise steel.
Benchmark three-month zinc CMZN3 on the London Metal Exchange was up 2.1% at $3,821.50 a metric ton as of 1700 GMT.
For a full report, click on MET/L
- - - -
OIL - Brent crude futures finished lower on Monday amid hopes of easing hostilities in the Middle East, but persistent attacks on key producer Saudi Arabia and maritime shipping kept investors wary and prices hovering near six-month highs.
Brent LCOc1 finished the day down 91 cents, or 0.8%, at $115.81 a barrel while US West Texas Intermediate crude futures CLc1 closed down $1.51, or 1.46%, at $101.76 a barrel.
For a full report, click on O/R
- - - -
PALM OIL - Malaysian palm oil futures slipped on Monday, pressured by declines in Dalian palm olein and Chicago soyoil, with weaker crude oil prices adding to the downside as traders awaited confirmation of Malaysia's proposed export duty waiver.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange lost 25 ringgit, or 0.52%, to 4,793 ringgit ($1,173.60) a metric ton at the close.
For a full report, click on POI/
- - - -
RUBBER - Japanese rubber futures eased to their lowest level in nearly a month on Monday, pressured by a decline in oil prices, although losses were capped as weather-related disruptions affected tapping in key rubber-producing regions.
The Osaka Exchange (OSE) rubber contract for March delivery JRUc6, 0#2JRU: was down 2.4 yen, or 0.54%, at 445.5 yen ($2.84) per kg
For a full report, click on RUB/T
- - - -All prices as of 2000 GMT
EQUITIES
GLOBAL - Global shares advanced on Monday, with investors focused on a week of central bank meetings and corporate earnings that will test confidence in the AI boom.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 5.05 points, or 0.45%, to 1,124.02.
For a full report, click on MKTS/GLOB
- - - -
NEW YORK - US stocks closed higher on Monday, with the S&P 500 and Nasdaq coming off consecutive weekly declines, as Anthropic's IPO filing helped boost sentiment in AI-related stocks in a week filled with a host of market catalysts.
According to preliminary data, the S&P 500 .SPX gained 53.35 points, or 0.70%, to end at 7,677.03 points, while the Nasdaq Composite .IXIC gained 214.02 points, or 0.83%, to 26,169.38. The Dow Jones Industrial Average .DJI rose 146.60 points, or 0.28%, to 52,361.76.
For a full report, click on .N
- - - -
LONDON - European shares staged a recovery on Monday as upbeat c orporate updates h elped investors look past elevated oil prices at the start of a week packed with central bank policy decisions.
The pan-European STOXX 600 index .STOXX c losed 0.77% higher at 640.6 6 points, l ed by g ains in British technology services provider Computacenter CCC.L and Danish biotech Genmab GMAB.CO.
For a full report, click on .EU
- - - -
TOKYO - Japan's Nikkei share gauge lost ground for a third straight session on Monday as chip-related shares continued their decline, while energy-linked shares gained on higher oil prices.
The benchmark Nikkei 225 .N225 slid 0.80% to close at 62,189.65, its lowest closing level since July 30.
For a full report, click on .T
- - - -
SHANGHAI - China stocks recouped earlier losses and ended largely flat on Monday, as investors turned cautious ahead of a busy week of major central bank meetings.
By the close, the benchmark Shanghai Composite index .SSEC was up 0.2%, while the blue-chip CSI300 index .CSI300 was roughly unchanged at 4,103.54 points.
For a full report, click on .SS
- - - -
AUSTRALIA - Australian shares eked out gains after falling earlier on Monday as miners rose to override weakness in banks ahead of a key inflation report later this week that could steer the central bank's next move.
The benchmark S&P/ASX 200 index .AXJO ended 0.2% higher at 8,809.90 points.
For a full report, click on .AX
- - - -
SEOUL - The benchmark KOSPI .KS11 closed down 80.83 points, or 1.46%, at 5,469.47.
For a full report, click on KRW/
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro fell against the dollar on Monday ahead of a busy week of central bank meetings and with crude oil prices remaining elevated, while the Brazilian real tumbled following a surprise election victory by President Luiz Inacio Lula da Silva.
The dollar index =USD, which measures the US currency against a basket of peers, was up 0.34% at 102.02.
For a full report, click on USD/
- - - -
CHINA - China's yuan climbed to a fresh four-year high against the dollar on Monday, extending its longest winning streak since May, as softer oil prices and US Treasury yields weighed on the greenback, ahead of key policy meetings at home and overseas.
In the spot market, the onshore yuan CNY=CFXS hit a high of 6.6682 per dollar at one point, the strongest level since June 2022, before last trading at 6.6691 as of 0252 GMT.
For a full report, click on CNY/
- - - -
AUSTRALIA - The kiwi dollar was little changed on Monday ahead of a central bank decision widely expected to see interest rates rise for a third time this year, while the Aussie awaited inflation data that could make or break the case for an imminent rate hike.
Across the Tasman Sea, the Aussie AUD=D3 was flat at $0.7030 AUD=D3, having gained 1.3% last week to bounce away from a 15-week low of $0.6895.
For a full report, click on AUD/
- - - -
SEOUL - The won was quoted at 1,323.1 per dollar on the onshore settlement platform KRW=KFTC, 0.23% higher than its previous close at 1,326.2.
For a full report, click on KRW/
- - - -
TREASURIES
NEW YORK - The benchmark 10-year Treasury yield was little changed on Monday as investors awaited potential guidance on interest rates from the Federal Reserve this week and more earnings reports from major AI players.
For a full report, click on US/
- - - -
LONDON - French government bonds were on track for their biggest daily price rally since May on Monday, as this month's selloff paused after the country's sovereign debt was spared a ratings downgrade by Moody's, while weekend protests largely passed without the civil unrest of the week before.
Germany's 10-year government bond yield DE10YT=RR, the benchmark for the euro zone, was up 1 bp at 3.35%.
For a full report, click on GVD/EUR
- - - -
TOKYO - Japanese government bond (JGB) yields edged higher on Monday following a surge in bond prices last week and as attention focused on key central bank meetings.
The benchmark 10-year JGB yield JP10YTN=JBTC climbed 1.5 basis points (bps) to 2.810%, reversing slightly from its sharpest weekly slide since April 2025.
For a full report, click on JP/
- - - -
COMMODITIES
GOLD - Gold prices rose on Monday, rebounding from the previous session's more than three-month low, as retreating oil prices tempered inflation concerns ahead of this week's US Federal Reserve meeting.
Spot gold XAU= rose 0.6% to $4,020.60 per ounce by 2:09 p.m. EDT (1809 GMT) after hitting $3,975 on Friday, its lowest level since July 20.
For a full report, click on GOL/
- - - -
IRON ORE - Iron ore prices traded in a tight range on Monday as investors weighed seasonally weaker demand in China, the world's top consumer, against bets on fresh stimulus from Beijing to bolster the world's second-largest economy.
The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trading up 0.07% a t 671.5 yuan ($100.70) a metric ton.
For a full report, click on IRONORE/
- - - -
BASE METALS - Zinc jumped to its highest in two weeks on Monday as falling inventories and rising power prices boosted sentiment on the metal used to galvanise steel.
Benchmark three-month zinc CMZN3 on the London Metal Exchange was up 2.1% at $3,821.50 a metric ton as of 1700 GMT
For a full report, click on MET/L
- - - -
OIL - Brent crude futures finished lower on Monday amid hopes of easing hostilities in the Middle East, but persistent attacks on key producer Saudi Arabia and maritime shipping kept investors wary and prices hovering near six-month highs.
Brent LCOc1 finished the day down 91 cents, or 0.8%, at $115.81 a barrel while US West Texas Intermediate crude futures CLc1 closed down $1.51, or 1.46%, at $101.76 a barrel.
For a full report, click on O/R
- - - -
PALM OIL - Malaysian palm oil futures slipped on Monday, pressured by declines in Dalian palm olein and Chicago soyoil, with weaker crude oil prices adding to the downside as traders awaited confirmation of Malaysia's proposed export duty waiver.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange lost 25 ringgit, or 0.52%, to 4,793 ringgit ($1,173.60) a metric ton at the close.
For a full report, click on POI/
- - - -
RUBBER - Japanese rubber futures eased to their lowest level in nearly a month on Monday, pressured by a decline in oil prices, although losses were capped as weather-related disruptions affected tapping in key rubber-producing regions.
The Osaka Exchange (OSE) rubber contract for March delivery JRUc6, 0#2JRU: was down 2.4 yen, or 0.54%, at 445.5 yen ($2.84) per kg
For a full report, click on RUB/T
- - - -
(Bengaluru Bureau; +91 80 6749 1130)