Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,307 21.60 NZX 50** 11,905.75 17.25 DJIA** 32,816.92 -336.99 NIKKEI** 27,453.48 349.16 Nasdaq** 11,590.401 -0.001 FTSE** 7,878.66 -29.06 S&P 500** 3,970.04 -42.28 Hang Seng** 20,010.04 -341.31 SPI 200 Fut 7,198 -51.00 STI** 3,282.3 17.37 SSEC** 3,267.1597 -20.32 KOSPI** 2,423.61 -15.48 -------------------------------------------------------------------------------------- -- Bonds Net Chng Bonds Net Chng JP 10 YR Bond 0.503 0.003 KR 10 YR Bond 3.52 -0.014 AU 10 YR Bond 3.891 0.046 US 10 YR Bond 3.9471 0 NZ 10 YR Bond 4.64 -0.005 US 30 YR Bond 3.93 0 -------------------------------------------------------------------------------------- --
Currencies Net Chng Net Chng SGD US$ 0 0 KRW US$ 1,314.45 16.56 AUD US$ 0.6735 0.0009 NZD US$ 0.6162 0.0002 EUR US$ 1.0547 0.0001 Yen US$ 136.34 -0.12 THB US$ 34.92 0.22 PHP US$ 54.87 -0.15 IDR US$ 15,220 35 INR US$ 82.8973 0.3073 MYR US$ 4.433 0.002 TWD US$ 30.48 0.075 CNY US$ 6.963 0.047 HKD US$ 7.8479 -0.0007 -------------------------------------------------------------------------------------- --
Commodities Net Chng Net Chng Spot Gold 1,810.97 -11.67 Silver (Lon) 20.7672 -0.5251 U.S. Gold Fut $1,817.70 -9.1 Brent Crude $83.16 0.95 Iron Ore CNY909.50 -3.5 TRJCRB Index - - TOCOM Rubber JPY223.9 -1.1 LME Copper $8,718 -188.5 --------------------------------------------------------------------------------------- --
** indicates closing price
All prices as of 20:13 GMT
EQUITIES GLOBAL - Global equity markets fell while U.S. Treasury yields rose on Friday following stronger-than-expected economic data that stoked worries the Federal Reserve will prolong its interest rate hiking cycle. The strong data deepened a market sell-off across most equities, with the MSCI world equity index , which tracks shares in 50 countries, shedding 1.17%. For a full report, click on - - - -
NEW YORK - Wall Street's main indexes posted their biggest weekly drop of 2023 after sharp losses on Friday, as investors braced for the possibility of more aggressive rate hikes from the U.S. Federal Reserve as U.S. economic data pointed to resilient consumers. The Dow Jones Industrial Average fell 336.99 points, or 1.02%, to 32,816.92, the S&P 500 lost 42.28 points, or 1.05%, to 3,970.04 and the Nasdaq Composite dropped 195.46 points, or 1.69%, to 11,394.94. For a full report, click on - - - -
LONDON - European shares slid on Friday to end the week lower as a slew of U.S. economic data fed into fears that central banks are far from finished hiking rates. The STOXX 600 index fell 1.0%, reversing early gains, after U.S. inflation data came in hotter than expected and added to worries that the Federal Reserve might have to keep interest rates higher for longer in the world's largest economy. For a full report, click on - - - -
TOKYO - Japan's Nikkei share average posted its biggest jump in a month on Friday, rebounding from a one-month low hit in the previous session, as chip-related stocks surged and the incoming Bank of Japan governor backed the current easy policy. The Nikkei ended up 1.29% at 27,453.48, tracking sideways in the afternoon session after climbing steadily in the morning. For a full report, click on - - - -
SHANGHAI - China stocks closed lower on Friday as Sino-U.S. tensions dented investor sentiment and dragged most sectors lower, though aerospace defence companies jumped. China's blue-chip CSI300 Index closed down 1%, while the Shanghai Composite Index declined 0.6%. For a full report, click on - - - -
AUSTRALIA - Australian shares are set to open lower on Monday, potentially weighed down by mining stocks on weak commodity prices, with stronger-than-expected U.S. economic data adding to worries of prolonged rate hike cycle by the U.S. Federal Reserve. The local share price index futures fell 0.7%, a 109.0-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.3% on Friday.
For a full report, click on - - - -
SEOUL - South Korean shares reversed early gains to close down on Friday as investors preferred cash ahead of the weekend and amid uncertainty over the U.S. interest rate policy.
The stock market's benchmark KOSPI ended down 15.48 points, or 0.63%, at 2,423.61, reversing early gains of as much as 0.6%. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar held a seven-week peak on Friday, as another round of data showing still-high inflation reinforced expectations that interest rates could stay higher for longer. Hotter-than-expected data has helped the greenback to strengthen against many of its major peers this week, sending the dollar index up 0.6% at 105.20 to a seven-week high and putting it on track to post its largest weekly gain since late September. For a full report, click on - - - -
SHANGHAI - China's yuan extended losses on Friday afternoon to finish the domestic session at the weakest levels in nearly two months, pressured by fresh signs of escalations in Sino-U.S. tensions. The onshore yuan ended domestic session at 6.9442 per dollar, 354 pips or 0.51% weaker than the previous late night close of 6.9088, the weakest such close since Dec. 30, 2022. For a full report, click on - - - -
AUSTRALIA - The Australian dollar steadied on Friday as solid technical support helped lift it from seven-week lows, while the New Zealand dollar benefited from a steep rise in domestic bond yields. The Aussie nudged back up to $0.6822 , after touching a trough of $0.6783 overnight. It was still down 0.8% for the week but had found bids between the 200-day moving average of $0.6801 and a major chart level at $0.6780. For a full report, click on - - - -
SEOUL - The won currency also weakened, while bond prices gained. On the onshore currency market, the won ended at 1,304.8 per dollar, 0.59% lower than its previous close at 1,297.1. For a full report, click on - - - -
TREASURIES
NEW YORK - Two-year U.S. Treasury yields hit three-and-a-half-month highs on Friday after data showed that U.S. consumer spending rebounded sharply in January amid strong income growth while inflation accelerated. Benchmark 10-year yields reached 3.978%, matching Thursday's high, which was the highest since Nov. 10. For a full report, click on - - - -
LONDON - Euro zone government bond yields rebounded to around their highest levels in more than a decade on Friday after U.S. inflation data came in hotter than expected. The German 10-year government bond yield rose 6 bps to 2.539%, not far off the more than 11-year high of 2.57% touched on Wednesday.
For a full report, click on - - - -
TOKYO - Japanese government bond futures rose on Friday, after incoming Bank of Japan (BOJ) Governor Kazuo Ueda said the current central bank policy was appropriate. The 10-year JGBs have not traded yet and the yield was flat at 0.500%, after breaching the top end of the BOJ's policy band for a second day in the previous session. For a full report, click on COMMODITIES
GOLD Gold prices dropped to their lowest in eight weeks on Friday, pushed down by a stronger dollar and bond yields as the market braced for more interest rate hikes by the U.S. Federal Reserve in the coming months. Spot gold fell 0.6% to $1,810.89 per ounce by 2:29 p.m. ET (1929 GMT), having touched its lowest since Dec. 30, at $1,808.7. U.S. gold futures slipped 0.5% to settle at $1,817.70. For a full report, click on - - - -
IRON ORE
Dalian and Singapore iron ore futures dipped on Friday, with Chinese regulators seeking to temper traders' excitement for stronger demand for the steel making ingredient, though prices were still set for weekly gains. The most-traded May iron ore on the DCE ended daytime trade 0.2% lower at 909.50 yuan ($131.19) a tonne. It was, however, on track for a weekly gain of nearly 3%. For a full report, click on - - - -
BASE METALS
Copper prices fell to their lowest in nearly seven weeks on Friday as the dollar strengthened and demand in top consumer China remained weak. LME benchmark copper was down 2.1% at $8,718 a tonne at 1650 GMT after touching $8,705, the lowest since Jan. 9. It was down around 3% over the week. For a full report, click on - - - -
OIL
Oil edged higher in volatile trade on Friday, and was flat on the week, with prices supported by the prospect of lower Russian exports but pressured by rising inventories in the United States and concerns over global economic activity. Brent crude futures settled at $83.16 a barrel, up 95 cents, or 1.2%. West Texas Intermediate U.S. crude futures (WTI) settled at $76.32 a barrel, rising 93 cents, or 1.2%. Earlier, both fell by more than $1 a barrel. For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures ended lower on Friday after trading in a tight range, although the contract recorded a third straight weekly jump, underpinned by concerns over tight supply amid improving demand. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed down 32 ringgit, or 0.76%, at 4,203 ringgit ($948.12) a tonne, hovering near a seven-week high hit on Thursday. For a full report, click on - - - -
RUBBER
Japanese rubber futures logged their first weekly rise in four, though they edged lower on Friday as the Shanghai market declined. The Osaka Exchange's (OSE) rubber contract for August delivery , finished 0.7 yen, or 0.3%, lower at 225.0 yen ($1.67) per kg. For a full report, click on - - - - (Bengaluru Bureau; +91 80 6749 1130)
