Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,224.80 -82.20 NZX 50** 11,793.33 -112.42 DJIA** 32,958.35 141.43 NIKKEI** 27,423.96 -29.52 Nasdaq** 11,394.942 -0.004 FTSE** 7,935.11 56.45 S&P 500** 3,993.23 23.19 Hang Seng** 19,943.51 -66.53 SPI 200 Fut 7,201 34.00 STI** 3,263.24 -19.06 SSEC** 3,258.0344 -9.13 KOSPI** 2,402.64 -20.97
-------------------------------------------------------------------------------------- -- Bonds Net Chng Bonds Net Chng JP 10 YR Bond 0.504 0.002 KR 10 YR Bond 3.608 0.074 AU 10 YR Bond 3.886 -0.013 US 10 YR Bond 3.9219 -0.027 NZ 10 YR Bond 4.68 0.007 US 30 YR Bond 3.9226 -0.015 -------------------------------------------------------------------------------------- --
Currencies Net Chng Net Chng SGD US$ 1.3466 -0.0028 KRW US$ 1,316.44 1.99 AUD US$ 0.67365 0.00105 NZD US$ 0.6163 0.0003 EUR US$ 1.0606 0.006 Yen US$ 136.2 -0.26 THB US$ 34.97 0.05 PHP US$ 55.51 0.64 IDR US$ 15,265 45 INR US$ 82.69 -0.2073 MYR US$ 4.476 0.043 TWD US$ 30.48 0.075 CNY US$ 6.9433 -0.0115 HKD US$ 7.8436 -0.005 -------------------------------------------------------------------------------------- --
Commodities Net Chng Net Chng Spot Gold 1,817.0304 6.2204 Silver (Lon) 20.585 -0.1837 U.S. Gold Fut $1,824.90 7.2 Brent Crude 82.3 -0.86 Iron Ore CNY909.50 -3.5 TRJCRB Index - - TOCOM Rubber JPY224.1 1.3 LME Copper $8,816.50 98.5 --------------------------------------------------------------------------------------- --
** indicates closing price
All prices as of 20:25 GMT
EQUITIES GLOBAL - Wall Street and global shares rebounded on Monday on positive economic data and bargain hunting, but remained within sight of recent six-week lows as investors prepared for higher interest rates in the United States and Europe. The MSCI All-World index of global shares was up 0.6%, after dropping 2.6% last week, its largest weekly decline since late September thanks to a sizzling rally in the dollar. For a full report, click on - - - -
NEW YORK - U.S. stocks rose modestly on Monday as investors engaged in some bargain hunting after last week's losses, the biggest percentage declines of 2023 for the main benchmarks, on jitters about potential interest rate hikes to tame stubbornly high inflation. The Dow Jones Industrial Average rose 141.43 points, or 0.43%, to 32,958.35, the S&P 500 gained 23.19 points, or 0.58%, to 3,993.23 and the Nasdaq Composite added 107.45 points, or 0.94%, to 11,502.39. For a full report, click on - - - -
LONDON - Europe's STOXX 600 rose on Monday, supported by gains across all major sectors, rebounding from its biggest weekly drop of 2023 on fears of more U.S. and euro zone interest rate hikes. The blue-chip index added 1.1% by close. The pan-European STOXX 600 index had lost 1.4% last week after hotter-than-expected U.S. inflation data fuelled bets that the Federal Reserve would keep raising rates. For a full report, click on - - - -
TOKYO - Japan's Nikkei settled lower on Monday, taking cues from Wall Street as investors braced for higher-for-longer U.S. interest rates after a slew of strong economic data. The broader Topix rose 0.22% to 1,992.78, after starting the day in negative territory. For a full report, click on - - - -
SHANGHAI - China and Hong Kong stocks finished lower on Monday amid rising Sino-U.S. tensions, while investors awaited policy signals from the upcoming National People's Congress. China's blue-chip CSI300 Index closed down 0.4%, while the Shanghai Composite Index lost 0.3%. For a full report, click on - - - -
AUSTRALIA - Australian shares are likely to open higher on Tuesday, tracking Wall Street higher overnight, with positive U.S. economic data offering some respite from worries about the impact of a tighter monetary policy. The local share price index futures rose 0.4%, a 27.8-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 1.1% on Monday.
For a full report, click on - - - -
SEOUL - South Korean shares fell to their lowest in more than five weeks on Monday, after strong U.S. data fanned fears that the Federal Reserve could continue raising interest rates into summer. The benchmark KOSPI ended down 20.97 points, or 0.87%, at 2,402.64, after falling as much as 1.64%. It was the lowest close since Jan. 19. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar tumbled from a seven-week high on Monday, tracking declines in U.S. Treasury yields, as investors took advantage of the greenback's recent rise to consolidate gains, taking stock of last week's strong U.S. economic data and the outlook for global interest rates. The U.S. dollar index , which measures the greenback against six major peers, has risen almost 3% in February and is on track to snap a four-month losing streak. For a full report, click on - - - -
SHANGHAI - China's yuan slipped to a two-month low against the dollar on Monday, pressured by contrasting U.S.-China economic fortunes and market expectations that the U.S. Federal Reserve is set to hike interest rates even more for longer. The onshore yuan opened at 6.9590 per dollar and weakened to 6.9734 by midday, 104 pips softer than the previous late session close, and the weakest level since Dec. 29, 2022. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand dollars nursed heavy losses on Monday after breaching key support levels, as strong U.S. spending and inflation data stoked worries that the Federal Reserve would have to do more to contain runaway inflation. The Aussie was hovering at $0.6732, having plunged 1.2% on Friday as far as $0.6719, the lowest since Jan. 4. It also breached its 200-day moving average of 68 cents, a key support level it had bounced off several times in the past week. For a full report, click on - - - -
SEOUL - The Korean won dropped to its lowest level since early December last year, while the benchmark bond yield rose. The won ended onshore trade 1.38% lower at 1,323.0 per dollar, after touching 1,323.5, its lowest since Dec. 7, 2022. For a full report, click on - - - -
TREASURIES
NEW YORK - U.S. Treasury yields declined on Monday as some investors saw recent weakness in U.S. government bonds, caused by fears of higher interest rates, as a buying opportunity. U.S. Treasury 10-year yields were last seen at 3.918%, down about three basis points from Friday. For a full report, click on - - - -
LONDON - Germany's benchmark 10-year yield hit a new near 12-year high on Monday as markets continue to reposition for more persistent inflation and consequently more central bank rate increases. Germany's benchmark 10-year yield went up as high as 2.591%, its most since July 2011, It was last up 5 basis points (bps) at 2.579%. For a full report, click on - - - -
TOKYO - Yields on Japan's two- and five-year government bonds rose on Monday, tracking a spike in U.S. Treasury yields in the previous session, while the 10-year bond yield was pinned at the top of the Bank of Japan's (BOJ's) policy ceiling. The 10-year JGB yield was flat at 0.500%. For a full report, click on COMMODITIES
GOLD Gold prices ticked up on Monday as the dollar retreated, although worries of further interest rate hikes from the U.S. Federal Reserve kept bullion near a two-month low. Spot gold rose 0.4% to $1,817.69 an ounce by 1:45 p.m. ET (1845 GMT). U.S. gold futures were up 0.4% to settle at $1,824.90. For a full report, click on - - - -
BASE METALS
Copper rose on Monday as the dollar weakened, but prices remained close to seven-week lows due to a lack of evidence of a healthier demand outlook in top consumer China ahead of key data on the country's manufacturing sector. Benchmark copper on the London Metal Exchange (LME) had gained 1.2% to $8,816.50 a tonne by 1745 GMT after earlier touching its lowest since Jan. 9 at $8,670. For a full report, click on - - - -
OIL
Oil prices slid about 1% on Monday as strong U.S. economic data had investors bracing for more interest rate hikes from the U.S. Federal Reserve to fight inflation which could also cut oil demand. Brent futures fell 56 cents, or 0.7%, to $82.60 a barrel by 11:18 a.m. EST (1618 GMT). U.S. West Texas Intermediate (WTI) crude fell 44 cents, or 0.6%, to $75.88. For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures reversed early losses on Monday, lifted by robust exports, weaker ringgit and weather concerns. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 26 ringgit, or 0.62%, to 4,228 ringgit ($944.59) a tonne. For a full report, click on - - - -
RUBBER
Japanese rubber futures slid on Monday, tracking losses in the Shanghai market and weaker domestic equities, while a stronger yen against the U.S. dollar added pressure. The Osaka Exchange's (OSE) rubber contract for August delivery , finished 2.2 yen, or 1.0%, lower at 222.8 yen ($1.63) per kg. For a full report, click on - - - - (Bengaluru Bureau; +91 80 6749 1130)
