Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,251.60 -6.80 NZX 50** 11,876.35 -18.23 DJIA 32,691.46 34.76 NIKKEI** 27,516.53 70.97
Nasdaq 11,404.219 -51.33 FTSE** 7,914.93 38.65 S&P 500 3,962.63 -7.52 Hang Seng** 20,619.71 833.77 SPI 200 Fut 7,205.00 0.00 STI** 3,255.08 -7.55 SSEC** 3,312.35 32.74 KOSPI** 2,412.85 10.21 -------------------------------------------------------------------------------------- -- Bonds Bonds
JP 10 YR Bond 0.504 0 KR 10 YR Bond 3.76 0.009 AU 10 YR Bond 3.832 0.036 US 10 YR Bond 3.9964 0.082 NZ 10 YR Bond 4.56 0 US 30 YR Bond 3.9579 0.028 -------------------------------------------------------------------------------------- --
Currencies
SGD US$ 1.3423 -0.0062 KRW US$ 1,305.06 -17.96 AUD US$ 0.6758 0.00295 NZD US$ 0.6254 0.0072 EUR US$ 1.0655 0.0079 Yen US$ 136.07 -0.13 THB US$ 34.69 -0.53 PHP US$ 54.98 -0.34 IDR US$ 15,230 -15 INR US$ 82.43 -0.21 MYR US$ 4.47 -0.015 TWD US$ 30.588 0.108 CNY US$ 6.8659 -0.0676 HKD US$ 7.8492 0.0001 -------------------------------------------------------------------------------------- --
Commodities
Spot Gold 1,837.66 10.51 Silver (Lon) 21.0041 0.0917 U.S. Gold Fut $1,848.30 11.6 Brent Crude 83.79 0.34 Iron Ore CNY908.5 6 TRJCRB Index - - TOCOM Rubber JPY228.6 1.1 LME Copper $9,124 158.5 --------------------------------------------------------------------------------------- --
** indicates closing price
All prices as of 18:25 GMT
EQUITIES GLOBAL - Wall Street stocks were mixed and Treasury prices declined on Wednesday as manufacturing activity rebounded in China but contracted in the United States, while stronger-than-expected inflation numbers in Europe battered government bonds there. The index provider's broader world stock measure gained about 0.2%. For a full report, click on - - - -
NEW YORK - The S&P 500 and Nasdaq indexes fell on Wednesday as Treasury yields surged after manufacturing data pointed to persistent price pressures, while comments from Federal Reserve policymakers backed a hawkish policy stance for a longer period. At 12:13 p.m. ET, the S&P 500 slipped 7.52 points, or 0.19%, to 3,962.63 and the Nasdaq Composite fell 31.85 points, or 0.28% to 11,423.69. The Dow Jones Industrial Average , however, rose 34.76 points, or 0.11%, to 32,691.46, boosted by Caterpillar Inc CAT.N after the construction equipment maker said it had reached a tentative agreement with a labor union, averting a possible strike. For a full report, click on - - - -
LONDON - A fall in the shares of the euro zone's largest bank BNP Paribas weighed on Europe's STOXX 600 on Wednesday, while China-exposed miners and luxury firms limited losses after strong data from the world's second largest economy soothed fears of an economic slowdown. The continent-wide STOXX 600 fell 0.7% by the close, after rising as much as 0.4% in early trading. For a full report, click on - - - -
TOKYO - Japan's Nikkei share average eked out gains to end higher on Monday, as sentiment improved after data showed China's manufacturing activity in February expanded at the fastest pace in more than a decade. The Nikkei index closed up 0.26% at 27,516.53, after falling as much as 0.5% earlier in the day tracking an overnight slump on Wall Street. For a full report, click on - - - -
SHANGHAI - Hong Kong stocks on Wednesday saw their best day in nearly three months, while China shares also soared, as data showing the country's February manufacturing activity expanding at the fastest pace in more than a decade boosted risk appetite. Meanwhile, China's blue-chip CSI300 Index closed up 1.4%, and the Shanghai Composite Index gained 1.0%. For a full report, click on - - - -
AUSTRALIA - Australian shares flitted in and out of negative territory on Wednesday, but turned steady on market close after data showed inflation accelerated less than expected in January, even as investors assessed lacklustre fourth-quarter economic growth. The S&P/ASX 200 index held its ground at 7,251.60 after slipping 0.2% at open. The index closed 0.5% higher on Tuesday. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The U.S. dollar slid and China's yuan gained on Wednesday after Chinese manufacturing activity expanded at its fastest pace in a decade, while the euro rose after German inflation data surged last month and raised rate hike expectations in the euro zone. Against a basket of currencies, the dollar index fell 0.295%, on pace to it's biggest single-day decline since Feb. 1. For a full report, click on - - - -
SHANGHAI - China's yuan firmed on Wednesday as strong factory activity data reaffirmed investors' optimism that the government's economic measures to stabilize the pandemic-hit economy are beginning to pay off, paving the way for a strong rebound. The spot yuan opened at 6.9423 per dollar and was changing hands at 6.9274 at midday, 61 pips stronger than the previous late session close and 0.18% stronger than the midpoint. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand dollars reversed earlier losses on Wednesday, buoyed by upbeat China economic data, with the Aussie shaking off concerns about a slowdown in the domestic economy as inflation and higher rates squeezed consumers. The Aussie rose to $0.6739, after dipping to as low as $0.6695 - a new two-month low - earlier in the day, pressured by data showing that the Australian economy grew at its weakest pace in a year at the end of last year. For a full report, click on - - - -
TREASURIES
NEW YORK - U.S. Treasury yields rose on Wednesday on higher interest rate fears, with benchmark 10-year government bond yields hitting 4% and the two-year yield at its highest since 2007. Treasury yields jumped after the Institute for Supply Management (ISM) manufacturing sector data, with the benchmark 10-year yield hitting 4% for the first time since November. For a full report, click on - - - -
LONDON - Euro zone government bonds kicked off the month of March under pressure, after another round of inflation data on Wednesday raised the chances of a more sustained rise in interest rates. The yield on Germany's 10-year bond , seen as the benchmark borrowing cost for the single-currency area, hit its highest since July 2011 at 2.724% on Wednesday. It was last 8 bps higher at 2.71%. For a full report, click on - - - -
TOKYO - Japanese government bond (JGB) yields fell on Wednesday, following a pause in the rise of Treasury yields, while the domestic 10-year bond yield was pinned at the top end of the Bank of Japan's policy band. The 10-year JGB yield was flat at 0.500%.
For a full report, click on COMMODITIES
GOLD Gold prices gained 1% on Wednesday as strong Chinese economic data dented the dollar and drove some bets for better physical demand from the top bullion consumer, although the risk of elevated U.S. interest rates capped gains. Spot gold was up 0.8% at $1,841.46 per ounce by 11:53 a.m. ET (1653 GMT), rising up to $1,844.5 earlier, their highest in a week. U.S. gold futures rose 0.6% to $1,848.30. For a full report, click on - - - -
IRON ORE
Iron ore futures jumped on Wednesday, as better-than-expected China manufacturing activity data raised hopes for a demand rebound in the world's top steel producer. The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) ended daytime trade 2.42% higher at 908.5 yuan ($131.64) a tonne, after closing about 0.8% lower in the previous session. For a full report, click on - - - -
BASE METALS
Prices of copper and other industrial metals rose on Wednesday after data from China, the biggest metals consumer, showed manufacturing activity rose in February at the fastest pace in more than a decade. Benchmark copper on the London Metal Exchange (LME) was up 1.8% at $9,124 a tonne by 1737 GMT. For a full report, click on - - - -
OIL
Oil were largely unchanged on Wednesday as signs of ample supply, including growing U.S. crude inventories, countered hopes for higher demand arising from a jump in manufacturing in top crude importer China. Brent crude futures were up 8 cents to $83.54 a barrel by 11:29 a.m. EST (1629 GMT). U.S. West Texas Intermediate crude (WTI) fell 19 cents, or 0.3%, to $76.86. For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures closed higher on Wednesday, underpinned by supply worries due to heavy rains in the world's second-largest producer and India's move to scrap duty-free imports quota for sunflower oil. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 46 ringgit, or 1.11%, to 4,188 ringgit a tonne. For a full report, click on - - - -
RUBBER
Japanese rubber futures rose on Wednesday as stronger-than-expected manufacturing
activity growth in top buyer China lifted demand sentiment.
Osaka Exchange's rubber contract for August delivery , finished
3.3 yen, or 1.5%, higher at 227.5 yen ($1.67) per kg.
For a full report, click on - - - -
(Bengaluru Bureau; +91 80 6749 1130)
