Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 0 0.00 NZX 50** 11,919.56 7.08 DJIA** 32,872.28 -559.16 NIKKEI** 28,309.16 71.38 Nasdaq** 11,538.88 -136.86 FTSE** 7,919.48 -10.31 S&P 500** 3,986.64 -61.78 Hang Seng** 20,534.48 -68.71 SPI 200 Fut 7,275 -57.00 STI** 3,245.27 5.96 SSEC** 3,285.0988 -36.93 KOSPI** 0 0.00 -------------------------------------------------------------------------------------- -- Bonds Net Chng Bonds Net Chng JP 10 YR Bond 0.503 0.002 KR 10 YR Bond 3.662 -0.079 AU 10 YR Bond 3.696 -0.013 US 10 YR Bond 3.9715 -0.012 NZ 10 YR Bond 4.605 -0.043 US 30 YR Bond 3.8785 -0.033 -------------------------------------------------------------------------------------- --
Currencies Net Chng Net Chng SGD US$ 1.354 0.0088 KRW US$ 1,317.21 20.35 AUD US$ 0.65925 -0.01395 NZD US$ 0.6112 -0.0082 EUR US$ 1.055 -0.0128 Yen US$ 137.18 1.27 THB US$ 35.07 0.59 PHP US$ 55.05 0 IDR US$ 15,345 55 INR US$ 82 0.19 MYR US$ 4.47 -0.006 TWD US$ 30.594 0.018 CNY US$ 6.9726 0.031 HKD US$ 7.8495 0.0002 -------------------------------------------------------------------------------------- --
Commodities Net Chng Net Chng Spot Gold 1,814.48 -32.35 Silver (Lon) 20.0639 -0.9768 U.S. Gold Fut 1,817.70 -36.9 Brent Crude 83.18 -3 Iron Ore CNY909.5 12.5 TRJCRB Index - - TOCOM Rubber JPY225.2 0.2 LME Copper 8,759.50 -179 --------------------------------------------------------------------------------------- --
** indicates closing price
All prices as of 20:51 GMT
EQUITIES GLOBAL - Wall Street stocks plunged, the greenback surged and Treasury yields dipped on Tuesday as Federal Reserve Chairman Jerome Powell concluded the first day of his semi-annual, two-day monetary policy testimonial before Congress. The pan-European STOXX 600 index lost 0.77% and MSCI's gauge of stocks across the globe shed 1.47%. For a full report, click on - - - -
NEW YORK - U.S. stock indexes fell on Tuesday after Federal Reserve Chair Jerome Powell told Congress the central bank will likely need to raise interest rates more than expected as it seeks to rein in stubbornly high inflation. The Dow Jones Industrial Average fell 559.16 points, or 1.67%, to 32,872.28, the S&P 500 lost 61.78 points, or 1.53%, to 3,986.64 and the Nasdaq Composite dropped 136.86 points, or 1.17%, to 11,538.88. For a full report, click on - - - -
LONDON - European shares logged their steepest one-day fall in two weeks on Tuesday as investors assessed the prospects of a 50-basis point rate hike by the U.S. Federal Reserve following hawkish remarks by Chair Jerome Powell. The pan-European STOXX 600 index closed 0.8% lower, with real-estate and technology stocks taking a sharp hit. For a full report, click on - - - -
TOKYO - Japan's Nikkei share average climbed to a three-month peak on Tuesday and the broader Topix index rose to its highest since late 2021, as a fall in long-term U.S. Treasury yields buoyed investor sentiment. The Nikkei ended 0.25% higher at 28,309.16, after touching a high of 28,398.27 earlier in the session, a level last seen on Dec. 1. For a full report, click on - - - -
SHANGHAI - China, Hong Kong stocks fell on Tuesday, weighed down by China trade data that points to sluggish domestic demand and undercuts expectations for an economic rebound. China's blue-chip CSI 300 closed down 1.5%, while the Shanghai Composite Index lost 1.1%. For a full report, click on - - - -
AUSTRALIA - Australian shares were set to open lower on Wednesday, tracking overnight losses on Wall Street after U.S. Federal Reserve Chair Jerome Powell said that the central bank is likely to raise interest rates more than previously expected. The local share price index futures fell 0.82%, a 92.7-point discount to the underlying S&P/ASX 200 index close. The benchmark ended 0.5% higher on Tuesday.
For a full report, click on - - - -
SEOUL - South Korean shares ended marginally up on Tuesday, as battery makers gained, although caution ahead of U.S. Federal Reserve Chair Jerome Powell's testimony tempered further gains. The benchmark KOSPI ended up 0.73 points, or 0.03%, at 2,463.35, extending its rising streak to a fifth straight session. It was the highest close since Feb. 16. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar extended gains against a basket of currencies on Tuesday after Federal Reserve Chair Jerome Powell said that the U.S. central bank will stay the course until the job is done, adding that the ultimate level of interest rates is likely to be higher than previously anticipated. The dollar index was last up 0.70% on the day at 104.97. The euro dropped 0.64% to $1.0615. For a full report, click on - - - -
SHANGHAI - China's yuan edged down as trading was subdued within a narrow range, as investors shied away from risky bets ahead of export and import data which is expected to show how weakening external demand is dragging on its economy. The spot yuan opened at 6.9400 per dollar and was changing hands at 6.9395 at midday, 60 pips weaker than the previous late session close and 0.35% away from the midpoint. For a full report, click on - - - -
AUSTRALIA - The Australian dollar slipped on Tuesday after the country's central bank raised interest rates as expected but softened its hawkish guidance on policy, sparking a rally in bonds as markets lengthened the odds on further hikes. Three-year bond futures duly rallied 16 ticks to 96.640. That saw the Aussie ease 0.4% to $0.6700 , having already slipped 0.5% overnight. Major support lies at $0.6695, with resistance around $0.6790. For a full report, click on - - - -
SEOUL - The Korean won weakened on Tuesday, while the benchmark bond yield fell. The won ended onshore trade at 1,299.4 per dollar, 0.19% lower than its previous close at 1,296.9. For a full report, click on - - - -
TREASURIES
NEW YORK - Shorter-term Treasury yields were higher on Tuesday, while a part of the yield curve saw its deepest inversion in more than 40 years, after remarks from Federal Reserve Chair Jerome Powell indicated the U.S. central bank could become more aggressive in its rate hike path. While shorter-dated yields rose, the reverse was true of longer-dated Treasuries, and the yield on 10-year Treasury notes was down 1.9 basis points at 3.964%. For a full report, click on - - - -
LONDON - Short-dated euro zone borrowing costs hit multi-year highs on Tuesday after Federal Reserve Chair Jerome Powell opened the door to more aggressive interest rate hikes in his semi-annual monetary policy testimony to Congress. Germany's 2-year government bond yield , most sensitive to changes in policy rates expectations, hit its highest level since October 2008 at 3.337% after Powell's remarks were published. For a full report, click on - - - -
TOKYO - Japan's benchmark 10-year government bond yield was holding steady at the top of the Bank of Japan's policy band on Tuesday, while yields on notes with similar maturities have been breaching the cap ahead of the central bank's policy meeting. The 10-year JGB yield was unchanged at 0.500%, while government bonds maturing in March 2032 rose to as high as 0.597%, their highest level since Jan. 16. For a full report, click on COMMODITIES
GOLD Gold prices fell more than 1% on Tuesday, as the dollar jumped after Federal Reserve Chair Jerome Powell indicated rate hikes could come at a faster pace from the U.S. central bank in his testimony to a congressional committee. Spot gold was down 1.8% at $1,813.11 per ounce by 1:54 p.m. ET (1854 GMT). U.S. gold futures fell 1.9% to settle at $1,817.70 per ounce. For a full report, click on - - - -
IRON ORE
Dalian and Singapore iron ore futures rose on Tuesday, as warmer weather raised expectations for a pickup in steel demand and the market focused on improving consumption fundamentals. The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trading 1.34% higher at 909.5 yuan ($131.09)a tonne, after a 2.13% fall on Monday. For a full report, click on - - - -
BASE METALS
Copper prices fell further on Tuesday, pressured by weak import data from leading metals consumer China and the potential resumption in supplies from a major mine in Peru. Benchmark copper on the London Metal Exchange (LME) was down 1.8% at $8,759.50 a tonne by 1716 GMT after a 0.7% decline on Monday. For a full report, click on - - - -
OIL
Oil prices fell by more than $2 a barrel on Tuesday after comments from U.S. Federal Reserve Chair Jerome Powell stoked rate hike fears, the dollar strengthened and top crude importer China issued weak data. Brent crude futures shed $2.35, or 2.7%, to $83.83 a barrel by 1:05 p.m. EST (1805 GMT) . U.S. West Texas Intermediate crude dropped by $2.48 a barrel, or 3%, at $77.98. For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures finished lower on Tuesday, extending losses to a second consecutive session, as weaker rival vegetable oils weighed on prices. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange slid 77 ringgit, or 1.8%, to 4,206 ringgit ($940.94) by the end of trading on Tuesday. For a full report, click on - - - -
RUBBER
Japanese rubber futures finished flat on Tuesday, steadying after volatile moves over the past few days, with oil prices and supply concerns in focus. Osaka Exchange's rubber contract for August delivery , closed unchanged at 225.0 yen ($1.66) per kg. The contract rose on Monday after dropping on Friday. For a full report, click on - - - - (Bengaluru Bureau; +91 80 6749 1130)
