Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,144.70 -166.40 NZX 50** 11,727.04 -99.11 DJIA** 31,909.64 -345.22 NIKKEI** 28,143.97 -479.18 Nasdaq** 11,138.89 -199.47 FTSE** 7,748.35 -131.63 S&P 500** 3,861.59 -56.73 Hang Seng** 19,319.92 -605.82 SPI 200 Fut 7,109 -39.00 STI** 3,177.43 -37.08 SSEC** 3,230.0766 -46.02 KOSPI** 2,394.59 -24.50 -------------------------------------------------------------------------------------- -- Bonds Net Chng Bonds Net Chng JP 10 YR Bond 0.416 0.024 KR 10 YR Bond 3.582 -0.001 AU 10 YR Bond 3.474 -0.129 US 10 YR Bond 3.7045 0 NZ 10 YR Bond 4.42 -0.06 US 30 YR Bond 3.7118 0 -------------------------------------------------------------------------------------- --
Currencies Net Chng Net Chng SGD US$ 0 0 KRW US$ 1,320.24 -5.27 AUD US$ 0.6597 0.0015 NZD US$ 0.613 -0.0007 EUR US$ 1.0646 0.0003 Yen US$ 134.72 -0.26 THB US$ 34.81 -0.19 PHP US$ 55.16 0 IDR US$ 15,445 25 INR US$ 81.96 -0.06 MYR US$ 4.518 -0.001 TWD US$ 30.848 0.038 CNY US$ 6.9195 -0.0605 HKD US$ 7.8466 -0.0028 -------------------------------------------------------------------------------------- --
Commodities Net Chng Net Chng Spot Gold 1,868.02 0.19 Silver (Lon) 20.5114 0.0014 U.S. Gold Fut 1,867.20 32.6 Brent Crude 0 0 Iron Ore CNY932.50 16 TRJCRB Index - - TOCOM Rubber JPY218.7 -0.5 LME Copper 8,854 5.5 --------------------------------------------------------------------------------------- --
** indicates closing price
All prices as of 20:08 GMT
EQUITIES GLOBAL - U.S. stocks closed sharply lower and Treasury yields extended their slide on Friday over fears of contagion in the financial sector and strong February employment data showing the economy added more jobs than expected. Emerging market stocks lost 1.37%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.75% lower, while Japan's Nikkei lost 1.67%. For a full report, click on - - - -
NEW YORK - Wall Street's indexes ended down more than 1% on Friday after investors ran for the exits as they feared for the health of U.S. banks after the failure of a high-profile lender to the technology sector, overshadowing the February jobs report. The Dow Jones Industrial Average fell 345.22 points, or 1.07%, to 31,909.64, the S&P 500 lost 56.73 points, or 1.45%, to 3,861.59 and the Nasdaq Composite dropped 199.47 points, or 1.76%, to 11,138.89. For a full report, click on - - - -
LONDON - European shares slid to a seven-week low on Friday as financial stocks led a broader market rout after a warning from a U.S. bank triggered worries over the sector's balance sheet resilience in the face of rising interest rates. The pan-European STOXX 600 index closed the day 1.4% lower and the week down 2.3%, its steepest weekly fall so far this year.
For a full report, click on - - - -
TOKYO - Japan's Nikkei slumped the most in almost three months on Friday, snapping a five-day winning streak, as financials tumbled after the central bank's decision to maintain stimulus settings hurt their profit outlook.
The Nikkei closed 1.67% lower at 28,143.97 after touching a more-than-six-month high of 28,734.79 in the previous session. For a full report, click on - - - -
SHANGHAI - China and Hong Kong stocks extended losses on Friday, led by automobile stocks and select internet stocks in Hong Kong, as investors' concern about China's recovery resurfaced after weaker-than-expected data this week. China's blue-chip CSI300 Index dropped 1.31%, closing at a nine-week low. The Shanghai Composite Index lost 1.4% on Friday, and for the week it shed 2.95% — the worst weekly loss in over two months. For a full report, click on - - - -
AUSTRALIA - Australian shares were set to open lower on Monday, tracking a sharp selloff on Wall Street last week following the failure of a U.S. startup-focused bank and strong February employment data. The local share price index futures fell 0.5%, a 35.7-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 2.3% on Friday. For a full report, click on - - - -
SEOUL - South Korean shares ended 1% lower on Friday, as caution that U.S. employment data might signal more aggressive rate hikes by the Federal reserve weighed on sentiment, and posted their biggest weekly loss this year. The benchmark KOSPI ended down 24.50 points, or 1.01%, at 2,394.59, its lowest closing level since Jan. 19.
For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar weakened on Friday after U.S. labor data for February showed slower wage growth, suggesting an easing of inflation pressures may keep the Federal Reserve's pace of interest rate hikes modest and thereby reduce the greenback's appeal. The dollar slid against all major currencies, but was essentially flat against the Canadian dollar. The dollar index , a basket of trading currencies, fell 0.618%. For a full report, click on - - - -
SHANGHAI - China's yuan extended losses against the dollar on Friday and looked set for a losing week as fears of further aggressive rate hikes from the U.S. Federal Reserve pressured the local currency. In the spot market, the onshore yuan opened at 6.9650 per dollar and was changing hands at 6.9677 at midday, 47 pips softer the previous late session close. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand dollars rebounded against a retreating yen on Friday after the Bank of Japan (BOJ), headed at a policy meeting for the last time by outgoing Governor Haruhiko Kuroda, stuck to its super-easy economic stimulus. With all the action in the yen, the Aussie was 0.3% lower against the U.S. dollar at $0.6574 , its lowest since early November and on course for a weekly plunge of 2.9%. The kiwi dollar was flat at $0.6099 versus its U.S. counterpart, not too far away from a four-month low of $0.6083 hit earlier this week. At present, it is down 2% for the week. For a full report, click on - - - -
SEOUL - The Korean won touched the weakest level since late-November 2022 before recovering much of its losses on suspected intervention, while the benchmark bond yield fell. The won ended onshore trade 0.15% lower at 1,324.2 per dollar, after falling as much as 0.51% to the weakest level since Nov. 30, 2022 at 1,329.0. For a full report, click on - - - -
TREASURIES
NEW YORK - U.S. two-year Treasury yields saw the biggest drop since the 2008 financial crisis on Friday as yields across the curve plummeted after the February payrolls report, while investors continued to be risk-averse as they assessed possible ramifications from troubles in the banking sector. The yield on 10-year Treasury notes was down 22.6 basis points at 3.697%. The yield was poised for its largest one-day drop since November 10. For a full report, click on - - - -
LONDON - Government bonds rallied across the euro zone on Friday, winning a reprieve from rate-rise expectations as a selloff in U.S. bank stocks boosted demand for safe-haven assets. The 10-year German Bund yield dropped to a 3-week low at 2.429% . It was last down 14 bps at 2.50%, in its biggest daily fall since early February. For a full report, click on - - - -
TOKYO - Japanese government bond (JGBs) yields fell sharply on Friday after the Bank of Japan (BOJ) maintained its policy, as short sellers raced to close their positions by buying back bonds. The 10-year JGB futures jumped 1.09 points to close at 146.15. Yields on both the 20-and 30-year JGBs , fell 7.5 bps. For a full report, click on COMMODITIES
GOLD - Gold prices jumped nearly 2% on Friday, driven by a slide in U.S. Treasury yields and broader financial markets as worries over a fallout in the banking sector eclipsed a strong U.S. jobs report and drove safe-haven flows into bullion. Spot gold was up 1.8% at $1,863.46 per ounce by 2:26 p.m. ET (1926 GMT), its highest since Feb. 14. U.S. gold futures also rose 1.8% to settle at $1,867.20 per ounce. For a full report, click on - - - -
IRON ORE - Iron ore futures edged higher on Friday, with the Dalian benchmark price on track for a fifth weekly gain on optimism around China's steel demand as the country enters its peak spring construction season.
Iron ore's most traded May contract on China's Dalian Commodity Exchange rose as much as 2.6% to a contract-high of 932.50 yuan ($133.92) a tonne. For a full report, click on - - - -
BASE METALS - Aluminium prices hit a two-month low on Friday, pressured by disquiet about the impact of higher interest rates on economic growth and metals demand. LME copper was little changed at $8,854 a tonne, while zinc dropped 1.5% to $2,930 after touching the weakest since Nov. 28. For a full report, click on - - - -
OIL - Oil prices climbed more than 1% on Friday after better-than-expected U.S. employment data, though both benchmarks fell more than 3% on the week on U.S. interest rate hike jitters. Brent rose $1.19, or 1.5%, to $82.78 a barrel. U.S. West Texas Intermediate crude (WTI) was up 96 cents, or 1.3%, at $76.68. For a full report, click on - - - -
PALM OIL - Malaysian palm oil futures closed at their lowest in three weeks on Friday, marking a weekly drop, as the oilseed tracked losses in rival Dalian edible oils. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange slid 107 ringgit, or 2.54%, to 4,098 ringgit ($907.04) a tonne, its lowest since Feb. 17. For the week, palm lost 5.8%, snapping a four-week gain. For a full report, click on - - - -
RUBBER - Japanese rubber futures slid further on Friday, ending in their first weekly drop in three weeks, as traders assessed a slowing growth rate in China and U.S. rate-hike fears.
Osaka Exchange's rubber contract for August delivery , finished
2.4 yen, or 1.1%, lower at 219.2 yen ($1.60) per kg.
For a full report, click on - - - -
(Bengaluru Bureau; +91 80 6749 1130)
