Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,328.60 45.00 NZX 50** 11,912.48 43.69
DJIA 33,522.46 131.49 NIKKEI** 28,237.78 310.31 Nasdaq 11,741.27 52.26 FTSE** 7,929.79 -17.32 S&P 500 4,072.96 27.32 Hang Seng** 20,603.19 35.65 SPI 200 Fut 7,280.00 -11.00 STI** 3,239.31 7.29 SSEC** 3,322.03 -6.37 KOSPI** 2,462.62 30.55 -------------------------------------------------------------------------------------- -- Bonds Bonds
JP 10 YR Bond 0.504 0 KR 10 YR Bond 3.741 -0.036 AU 10 YR Bond 3.769 -0.008 US 10 YR Bond 3.9773 0.014 NZ 10 YR Bond 4.65 0 US 30 YR Bond 3.9042 0.017 -------------------------------------------------------------------------------------- --
Currencies
SGD US$ 1.3454 0.0013 KRW US$ 1,298.72 2.99 AUD US$ 0.6727 -0.00415 NZD US$ 0.6183 -0.0039 EUR US$ 1.0676 0.0042 Yen US$ 135.99 0.13 THB US$ 34.47 0 PHP US$ 55.08 0.33 IDR US$ 15,290 -5 INR US$ 81.769 0.089 MYR US$ 4.476 0.003 TWD US$ 30.576 -0.051 CNY US$ 6.9335 0.032 HKD US$ 7.8493 0.0004 -------------------------------------------------------------------------------------- --
Commodities
Spot Gold 1,847.47 -7.5 Silver (Lon) 20.9976 -0.2434 U.S. Gold Fut 1,854.70 0.10 Brent Crude 85.95 0.12 Iron Ore CNY897 -22 TRJCRB Index - - TOCOM Rubber JPY225.5 0.5 LME Copper 8,938.50 -18.0 --------------------------------------------------------------------------------------- --
** indicates closing price
All prices as of 18:45 GMT
EQUITIES GLOBAL - Wall Street stocks moved higher and Treasury yields eased as investors weighed China growth expectations and looked ahead to U.S. Federal Reserve Chairman Jerome Powell's congressional testimony and crucial jobs data expected later in the week. The pan-European STOXX 600 index lost 0.01% and MSCI's gauge of stocks across the globe gained 0.68%. For a full report, click on - - - -
NEW YORK - A rise in Apple shares and easing Treasury yields bolstered the tech-heavy Nasdaq index on Monday as focus shifted to Federal Reserve Chair Jerome Powell's testimony and jobs data this week for fresh cues on the trajectory of interest rates. At 12:00 p.m. ET, the Dow Jones Industrial Average was up 131.49 points, or 0.39%, at 33,522.46, the S&P 500 was up 27.32 points, or 0.68%, at 4,072.96, and the Nasdaq Composite was up 116.37 points, or 1.00%, at 11,805.11. For a full report, click on - - - -
LONDON - European shares bid farewell to their initial momentum on Monday after European Central Bank officials backed the need for more interest rate hikes, while investors assessed the lower-than-expected rebound in Euro zone January retail sales. The STOXX 600 index was flat, after last week clocking its best week since the beginning of the year. For a full report, click on - - - -
TOKYO - Japan's Nikkei share average rallied more than 1% on Monday to hit a three-month high, tracking gains on Wall Street in the previous session after U.S. Federal Reserve officials calmed fears of policy overtightening. The Nikkei rose 1.11% to end at 28,237.78. The index had opened above the key psychological 28,000 mark and then probed as high as 28,288.62 for the first time since Dec. 1 earlier. For a full report, click on - - - -
SHANGHAI - China stocks fell on Monday after Beijing set a modest economic growth target of 5% for 2023, undercutting expectations of big stimulus, while Hong Kong shares rose slightly. China's blue-chip CSI 300 closed down 0.5%, while the Shanghai Composite Index lost 0.2%. For a full report, click on - - - -
AUSTRALIA - Australian shares ended higher on Monday, with banks and tech stocks leading the gains, while investors remained watchful of the local central bank's rate decision later in the week. The S&P/ASX 200 index rose 0.6% to end the session at 7,328.6. The benchmark lost 0.3% last week. For a full report, click on - - - -
SEOUL - South Korean shares rose for a fourth straight session on Monday to hit their highest in more than two weeks, with stocks of online platform services leading the gains. The benchmark KOSPI ended up 30.54 points, or 1.20%, at 2,462.61, marking its highest close as well as biggest daily percentage rise since Feb. 16. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The greenback slipped against a basket of currencies on Monday as investors waited on testimony by Federal Reserve Chair Jerome Powell and jobs data due later this week for further indications on how much higher the U.S. central bank is likely to raise interest rates. The dollar index has bounced off a nine-month low of 100.80 reached on Feb. 1 as strong data and still-high inflation leads investors to reprice for higher rates for longer. The index was last down 0.26% on the day at 104.35. For a full report, click on - - - -
SHANGHAI - China's yuan weakened on Monday, after the country set a softer-than-expected economic growth target for 2023 that disappointed some investors' expectations for sizeable stimulus, while the market awaited more rate hike clues from the United States. The People's Bank of China set the midpoint rate at 6.8951 per U.S. dollar prior to market open, firmer than the previous fix 6.9117. For a full report, click on - - - -
AUSTRALIA - The Australian dollar drifted lower on Monday, after Beijing disappointed markets by setting a modest economic growth target for this year, although demand from buyers around key levels provided some support. The Aussie dipped by as much as 0.4% in early trade to$0.6743 , before stabilising around $0.6756, down 0.2% for the day. It has major support at the January low of $0.6689 and will need to clear the 200-day moving average at $0.6790 to keep the recovery going. For a full report, click on - - - -
SEOUL - The Korean won on Monday strengthened, while the benchmark bond yield fell. The won ended onshore trade at 1,296.9 per dollar, 0.36% higher than its previous close at 1,301.6. For a full report, click on - - - -
TREASURIES
NEW YORK - The benchmark U.S. 10-year Treasury yield slipped on Monday, adding to a decline from the prior session, after economic data on manufacturing and ahead of policy testimony from Fed Chair Jerome Powell on Tuesday. The yield on 10-year Treasury notes was down 0.7 basis points to 3.956%. For a full report, click on - - - -
LONDON - Euro zone short-dated government bond yields continued to climb on Monday after hawkish policy-maker Robert Holzmann called for four further 50-basis-point interest rate increases from the European Central Bank, while 10-year yields steadied. Germany's two year yield rose nearly 10 basis points (bps) in afternoon trade to 3.308% its highest since Oct. 2008. For a full report, click on - - - -
TOKYO - Yields on Japanese government bonds (JGBs) were mostly flat on Monday despite declines in U.S. Treasury yields in the previous session, as the Bank of Japan (BOJ) is seen keeping its policy unchanged this week. The 10-year JGB yield was flat at 0.500%, the top end of the Bank of Japan's policy band. The 20-year JGB yield was flat at 1.230%. For a full report, click on COMMODITIES
GOLD Gold eased from an earlier 2-1/2 week high on Monday as investors prepared for Congressional testimony from Federal Reserve Chair Jerome Powell this week and monthly U.S. jobs data, both of which could influence interest rate policy. Spot gold was down 0.3% at $1,849.19 per ounce by 12:45 p.m. ET (1745 GMT), after hitting its highest since Feb. 15 at $1,858.19. U.S. gold futures were flat at $1,854.70. For a full report, click on - - - -
IRON ORE
Dalian and Singapore iron ore futures weakened on Monday after China's state planner said last week it had sought expert advice on policy measures to deal with the recent rapid rise in prices of the raw material. The most-traded May iron ore futures contract on China's Dalian Commodity Exchange (DCE) ended daytime trading 2.13% lower at 897 yuan ($129.70) a tonne. For a full report, click on - - - -
BASE METALS
Copper prices dipped on Monday as disappointment with China's growth target hit sentiment ahead of U.S. data that could influence the direction of interest rates and the dollar. Benchmark copper on the London Metal Exchange (LME) traded 0.5% down at $8,938.50 a tonne by 1700 GMT. It gained more than 3% last week after a Fed official said he favoured steady quarter-point increases to interest rates. For a full report, click on - - - -
OIL
Oil prices were steady on Monday as top oil executives debated supply tightness at an oil conference in Houston. Brent crude futures were trading up 1 cent, or 0.1%, at $85.84 a barrel by 12:00 p.m. ET (1700 GMT). U.S. West Texas Intermediate (WTI) crude futures were up 32 cents, or 0.4%, at $80.01. For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures fell on Monday, snapping a three-session rally, as significant profit-taking, weaker rival vegetable oils, and lower crude prices weighed on prices. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange ended 74 ringgit, or 1.7%, lower at 4,278 ringgit ($955.76). The benchmark closed at its highest since Nov. 8 on Friday. For a full report, click on - - - -
RUBBER
Japanese rubber futures bounced back marginally late Monday despite top-buyer China setting a cautious target for economic growth, weighing market sentiment. Osaka Exchange's rubber contract for August delivery , finished 0.4 yen, or 0.1%, higher at 225 yen per kg. For a full report, click on - - - - (Bengaluru Bureau; +91 80 6749 1130)
