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Asia Morning Call-Global Markets (updated)

UPDATE 1-Asia Morning Call-Global Markets

-

Stock Markets


Net Chng

Stock Markets


Net Chng

S&P/ASX 200**

8920.8

-90.1

NZX 50**

13792.9

-149.93

DJIA**

52828.61

-585.64

NIKKEI**

65269.33

-1130.51

Nasdaq**

26436.951

-70.039

FTSE**

10811.66

-10.47

S&P 500**

7682.13

-36.35

Hang Seng**

25317.18

-95.94

SPI 200 Fut

8925

18

STI**

5767.45

-24.83

SSEC**

3940.5509

7.8517

KOSPI**

6954.52

-40.87

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

Bonds


Net Chng

Bonds


Net Chng

JP 10 YR Bond

2.909

0.0220

KR 10 YR Bond

4.388

0.007

AU 10 YR Bond

5.196

-0.023

US 10 YR Bond

4.793

0.009

NZ 10 YR Bond

4.790

-0.020

US 30 YR Bond

5.255

0.009

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

Currencies


Net Chng



Net Chng

SGD US$

1.2647

-0.0013

KRW US$

1340.75

-3.88

AUD US$

0.7218

0.0003

NZD US$

0.5853

-0.0025

EUR US$

1.1625

0.0004

Yen US$

153.91

-0.44

THB US$

32.89

0.05

PHP US$

62.36

-0.216

IDR US$

17625

-5

INR US$

94.8100

0.325

MYR US$

4.0570

0.013

TWD US$

31.535

-0.017

CNY US$

6.7103

-0.0007

HKD US$

7.8410

0.0017

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

Commodities


Net Chng



Net Chng

Spot Gold

4385.09

-13.62

Silver (Lon)

65.9127

-0.2273

U.S. Gold Fut

4430.10

-13.5

Brent Crude

97.92

0.61

Iron Ore

CNY 744.5

10

TRJCRB Index

-

-

TOCOM Rubber

JPY 438.2

-0.4

LME Copper

14728

218.5

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

** indicates closing price

All prices as of 1920 GMT


EQUITIES


GLOBAL - Stocks slipped on Tuesday and oil continued to head higher as investors fretted over potential inflation concerns and ongoing conflict in the Middle East.

MSCI's gauge of stocks across the globe .MIWD00000PUS was last down 0.37%.

For a full report, click on MKTS/GLOB


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NEW YORK - The S&P 500 ended lower on Tuesday, with Salesforce and other software makers losing ground, while hostilities in the Middle East lifted oil prices and investors awaited inflation data that could affect the chance of an interest rate hike.

According to preliminary data, the S&P 500 .SPX lost 44.66 points, or 0.58%, to end at 7,673.94 points, while the Nasdaq Composite .IXIC lost 83.30 points, or 0.31%, to 26,423.69. The Dow Jones Industrial Average .DJI fell 617.15 points, or 1.16%, to 52,797.10.

For a full report, click on .N


- - - -


LONDON - European shares were little changed on Tuesday as escalating tensions in the Middle East and rising oil prices kept investors cautious, while Novartis suffered its steepest one-day decline on record after reporting a second setback in its drug pipeline.

The pan-European STOXX 600 .STOXX was down 0.05% at 649.6.

For a full report, click on .EU


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TOKYO - Japanese shares fell sharply on Tuesday as renewed geopolitical tensions damped risk sentiment and a sudden surge in the yen weighed on exporters.

The benchmark Nikkei 225 index .N225 slid 1.7% to close at 65,269.33.

For a full report, click on .T


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SHANGHAI - Shanghai shares edged up on Tuesday led by farming, energy and gold stocks but China's blue-chip index was dragged lower by tech plays.

The blue-chip CSI 300 Index .CSI300 reversed early gains, dropping 0.4%.

For a full report, click on .SS


- - - -


AUSTRALIA - Australian shares were set to eke out marginal gains at open on Wednesday, propelled by potential gains in mining and energy stocks on higher commodity prices, while a weaker bullion was expected to weigh on the gold sub-index.

The local share price index futures YAPcm1 rose 0.2%, an 85.9-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 1% on Tuesday.

For a full report, click on .AX


- - - -


SEOUL - South Korean shares ended lower after hitting a three-week high on Tuesday, as retail investors booked profits.

The benchmark KOSPI .KS11 closed down 40.87 points, or 0.58%, at 6,954.52, after three consecutive sessions of gains.

For a full report, click on KRW/


- - - -


FOREIGN EXCHANGE


NEW YORK - The Japanese yen hovered near a seven-month high on Tuesday, while the dollar steadied against major peers as a renewed rise in oil prices and higher U.S. Treasury yields kept investors cautious.

The dollar index =USD, which tracks the U.S. currency against six others, was flat at 98.81.

For a full report, click on USD/


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CHINA - China's yuan was flat against the dollar on Tuesday, as traders wait for U.S. inflation data to be released this week for clues of the Federal Reserve’s rate path.

In China's onshore market on Tuesday, the yuan CNY=CFXS, changed hands at 6.7110 per dollar around midday, barely changed from the previous day’s close.

For a full report, click on CNY/


- - - -


AUSTRALIA - The Australian dollar hovered near multi-month highs on the greenback and euro on Tuesday as investors continued to wager on more rate hikes at home, widening yield spreads in its favour.

That kept the Aussie firm at $0.7217 AUD=D3, having touched a four-month top of $0.7225 overnight.

For a full report, click on AUD/


- - - -


SEOUL - The South Korean won strengthened against the U.S. dollar.

The won was quoted at 1,345.6 per dollar on the onshore settlement platform KRW=KFTC, 0.08% higher than its previous close at 1,346.7.

For a full report, click on KRW/


- - - -


TREASURIES


NEW YORK - U.S. Treasury yields edged higher on Tuesday as traders awaited key inflation data due later this week for clues on whether the Federal Reserve is likely to raise interest rates this month.

The 2-year note yield US2YT=RR, which typically moves in step with Fed interest rate expectations, rose 1.46 basis points to 4.394%, while the yield on benchmark 10-year notes US10YT=RR gained 1.43 basis points to 4.798%.

For a full report, click on US/


- - - -


LONDON - Bund yields edged lower after hitting fresh 15-year highs on Tuesday as investors processed issues ranging from elevated energy prices to German political uncertainty and volatility in Japan before this week's ECB meeting.

Germany's 10-year bond yield, the benchmark for the euro zone, was last down 2.5 basis points (bps) at 3.36%, after reaching 3.3982%, the highest since April 2011 DE10YT=RR.

For a full report, click on GVD/EUR


- - - -


TOKYO - Long-term Japanese government bonds (JGBs) rallied on Tuesday, flattening the yield curve as investors focused on the Bank of Japan's policy tightening efforts aimed at curbing inflation.

The yields on the 20-year JP20YTN=JBTC, 30-year JP30YTN=JBTC, and 40-year JP40YTN=JBTC JGBs dropped 5, 5.5, and 5.5 basis points (bps), respectively, to 3.695%, 3.965%, and 4.035%.

For a full report, click on JP/


COMMODITIES


GOLD - Gold prices inched lower on Tuesday, as rising oil prices fueled inflation concerns and boosted expectations for a rate hike by the Federal Reserve in September, with investors awaiting U.S. inflation data for further clues on monetary policy outlook.

Spot gold XAU= fell 0.4% to $4,385.09 per ounce by 02:22 p.m. EDT (1822 GMT), while U.S. gold futures GCcv1 for December delivery dropped 1% to settle at $4,430.10.

For a full report, click on GOL/


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IRON ORE - Iron ore prices rose for a fourth straight session on Tuesday, helped by falling shipments and hopes of demand picking up seasonally in top consumer China, although elevated portside stocks and thin steel margins limited gains.

The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trade up 1.36% at 744.5 yuan ($110.94) a metric ton, its highest level since July 28.

For a full report, click on IRONORE/


- - - -


BASE METALS - Copper prices extended their rally on Tuesday, hitting a fresh peak on speculative buying amid tight supply outside of the U.S. and weak mine output.

Three-month copper on the London Metal Exchange CMCU3 gained 1.2% to $14,689 a metric ton by 1620 GMT, surpassing the previous record set on Monday.

For a full report, click on MET/L


- - - -


OIL - Oil prices climbed to a fresh six-week high on Tuesday after Iran-backed Houthis in Yemen attacked Saudi energy facilities, setting oil installations ablaze and threatening a major expansion of the six-month-old Middle East war.

Brent futures LCOc1 rose 92 cents, or 0.9%, to settle at $97.92 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $1.55, or 1.7%, to settle at $93.03.

For a full report, click on O/R


- - - -


PALM OIL - Malaysian palm oil futures ended flat on Tuesday, as ongoing weather risk to production and stronger soyoil prices supported the market, while traders await ed fresh cues from demand and supply data to be released by the industry regulator this week.

The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange fell 1 ringgit, or 0.02%, to 4,977 ringgit ($1,226.77) a metric ton at the close.

For a full report, click on POI/


- - - -


RUBBER - Japanese rubber futures rose on Tuesday, buoyed by an oil price rally and firmer spot rubber prices in key producing regions, although a stronger yen capped the advance.

The Osaka Exchange (OSE) rubber contract for February delivery JRUc6, 0#2JRU: was up 2 yen, or 0.46%, at 438.6 yen ($2.85) per kg.

For a full report, click on RUB/T


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(Bengaluru Bureau; +91 80 6749 1130)

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