Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,108.80 -35.90 NZX 50** 11,672.90 -54.14 DJIA** 31,819.14 -90.50 NIKKEI** 27,832.96 -311.01 Nasdaq** 11,188.84 49.96 FTSE** 7,548.63 -199.72 S&P 500** 3,855.76 -5.83 Hang Seng** 19,695.97 376.05 SPI 200 Fut 6,974 -132.00 STI** 3,132.37 -45.06 SSEC** 3,268.6955 38.62 KOSPI** 2,410.6 16.01 -------------------------------------------------------------------------------------- -- Bonds Net Chng Bonds Net Chng JP 10 YR Bond 0.311 0 KR 10 YR Bond 3.398 -0.185 AU 10 YR Bond 3.358 -0.175 US 10 YR Bond 3.5449 -0.15 NZ 10 YR Bond 4.25 -0.145 US 30 YR Bond 3.689 -0.011 -------------------------------------------------------------------------------------- --
Currencies Net Chng Net Chng SGD US$ 1.3472 -0.0044 KRW US$ 1,296.85 -23.39 AUD US$ 0.6665 0.0083 NZD US$ 0.622 0.0083 EUR US$ 1.0725 0.0082 Yen US$ 133.38 -1.6 THB US$ 34.51 -0.3 PHP US$ 54.98 -0.18 IDR US$ 15,360 -85 INR US$ 82.235 0.275 MYR US$ 4.492 -0.026 TWD US$ 30.651 -0.197 CNY US$ 6.8475 -0.057 HKD US$ 7.8448 -0.0018 -------------------------------------------------------------------------------------- --
Commodities Net Chng Net Chng Spot Gold 1,912.52 44.5 Silver (Lon) 21.7793 1.2693 U.S. Gold Fut 1,916.50 49.3 Brent Crude 80.39 -2.39 Iron Ore CNY929 -3.5 TRJCRB Index - - TOCOM Rubber JPY214 -3.7 LME Copper 8,923.0 69 --------------------------------------------------------------------------------------- --
** indicates closing price
All prices as of 20:11 GMT
EQUITIES GLOBAL - Global bank shares and short-dated U.S. Treasury yields plunged on Monday as concerns over fallout from the collapse of Silicon Valley Bank lingered despite action from regulators. The MSCI world equity index , which tracks shares in 49 nations, gained 0.11%. For a full report, click on - - - -
NEW YORK - Sliding bank shared dragged Wall Street on Monday with investors worried about contagion from the Silicon Valley Bank collapse, but trade was choppy and some sectors benefited from hopes the Federal Reserve could ease up on interest rates hikes. According to preliminary data, the S&P 500 lost 5.82 points, or 0.16%, to end at 3,855.54 points, while the Nasdaq Composite gained 49.74 points, or 0.45%, to 11,188.63. The Dow Jones Industrial Average fell 86.66 points, or 0.27%, to 31,822.08. For a full report, click on - - - -
LONDON - European stocks logged their steepest one-day fall this year on Monday on continued drag from banking stocks even as authorities stepped in to limit the fallout from the sudden collapse of Silicon Valley Bank. The pan-European STOXX 600 index closed the day 2.3% lower, with bank, financials and insurer stocks, along with energy stocks, bearing the brunt of selling pressure. For a full report, click on - - - -
TOKYO - Japan's Nikkei share average fell more than 1% on Monday, with banks leading losses as investors fretted over the potential fallout of Silicon Valley Bank's (SVB) collapse last week.
The Nikkei sank 1.11% to 27,832.96 as of the close, though that was well off the day's low of 27,631.53, the weakest level since March 2. For a full report, click on - - - -
SHANGHAI - China and Hong Kong stocks saw their best day since March on Monday, tracking gains in global peers after U.S. authorities stepped in to limit the fallout from the collapse of Silicon Valley Bank (SVB). The blue-chip CSI 300 Index closed 1.1% higher, and Hong Kong's Hang Seng benchmark surged 2%, both logging their biggest daily gains since March 1. For a full report, click on - - - -
AUSTRALIA - Australian shares were set to open significantly lower on Tuesday, as persistent concerns over fallout from the collapse of U.S.-based Silicon Valley Bank dented investor sentiment. The local share price index futures fell 1.9%, a 134.8-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.5% on Monday. For a full report, click on - - - -
SEOUL - South Korean shares ended higher on Monday, with concerns over the collapse of U.S.-based Silicon Valley Bank easing as it raised hopes for a slowdown in monetary tightening by the Federal Reserve.
The benchmark KOSPI closed up 16.01 points, or 0.67%, at 2,410.60, reversing its 1.04% loss in early trade. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar fell on Monday as markets bet the Federal Reserve will halt or trim its raising interest rates to curb inflation after U.S. authorities moved to limit the fallout from the sudden collapse of Silicon Valley Bank.
The dollar index , which measures the greenback against six other currencies, fell 0.70% as short-dated Treasury yields tumbled. For a full report, click on - - - -
SHANGHAI - China's yuan jumped to a near two-week high against an easing dollar on Monday, as the local currency benefited a sudden shift in market expectations towards the U.S. Federal Reserve slowing its pace of interest rate rises.
In the spot market, the onshore yuan opened at 6.9088 per dollar and at one point strengthened as far as 6.8662, the loftiest level since March 1. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand dollars rebounded from their four-month lows on Monday after U.S. regulators reassured markets that they would protect customer deposits to prevent contagion from the failure of Silicon Valley Bank. The Aussie jumped as much as 1% to $0.6650 before trimming some of the gains to $0.6609. It now faces resistance at the 14-day moving average of $0.6699, after tumbling 2.7% last week to a four-month low of $0.6565. The kiwi rose 0.2% to $0.6148, after falling 1.4% last week to as low as $0.6085, the lowest in almost four months. It was hovering just below the resistance level of $0.6165. For a full report, click on - - - -
SEOUL - The Korean won posted its biggest jump in two months, while the benchmark bond yield dropped to its lowest level in a month.
The won ended onshore trade 1.72% higher at 1,301.8 per dollar. It was the currency's best daily performance since Jan. 9. For a full report, click on - - - -
TREASURIES
NEW YORK - Short-dated U.S. Treasury yields plummeted on Monday, pushing their prices higher, as the collapse of Silicon Valley Bank prompted investors to drastically pare back expectations of a big Federal Reserve rate hike next week and seek the safety of government debt. The yield on the U.S. two-year Treasury note briefly fell below 4% for the first time since last October and was last down 53.1 basis points (bps) at 4.057%. The two-year note's yield, which reflects interest rate move expectations, was on track for the biggest one-day drop since October 1987 in the wake of that fateful Black Monday stock market crash. For a full report, click on - - - -
LONDON - Financial market stress indicators reacted sharply on Monday after the failure of three U.S. banks within five days, which prompted a rethink among investors on the outlook for U.S. rates and triggered the biggest rush into bonds since at least 2008.
The gap between two-year euro swap rates and two-year German bond yields , widened by around 20 basis points to 83 basis points, to the highest since Nov. 11. For a full report, click on - - - -
TOKYO - Japanese government bonds rallied on Monday, sending the benchmark 10-year yield to a nearly three-month low, as investors flocked to the safest assets amid jitters over the fallout from Silicon Valley Bank's collapse. Ten-year JGB futures rose 0.55 yen to 146.7. For a full report, click on COMMODITIES
GOLD - Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the U.S. Federal Reserve would have to slam the brakes on its aggressive monetary policy. Spot gold jumped 2.4% to $1,921.06 per ounce by 1:34 p.m. EDT (1734 GMT), the highest since early February. U.S. gold futures gained 2.6% to settle at $1,916.50. For a full report, click on - - - -
IRON ORE - Iron ore futures climbed on Monday, with the Singapore benchmark rising back above $130 a tonne, as improving profitability of steel mills and demand outlook in top steel producer China lifted sentiment, although regulatory concerns capped gains. The most-traded May iron ore on China's Dalian Commodity Exchange ended daytime trade 0.5% higher at 929 yuan ($134.63) a tonne, after posting its fifth consecutive weekly gain on Friday. For a full report, click on - - - -
BASE METALS - Copper prices in London rose in volatile trading on Monday as markets processed the sudden collapse of startup-focused Silicon Valley Bank (SVB) SIVB.O, the biggest U.S. bank failure since the 2008 financial crisis. Three-month copper on the London Metal Exchange rose 0.6% to $8,923.0 a tonne by 1643 GMT, having hit its highest since March 7 and then the weakest since Jan. 6 earlier in the session. For a full report, click on - - - -
OIL - Oil prices fell over 2% in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support. Brent crude futures settled down $2.01, or 2.4%, to $80.77. The global benchmark earlier fell to a session low of $78.34, its lowest price since early January.
For a full report, click on - - - -
PALM OIL - Malaysian palm oil futures fell to a near one-month low on Monday, under pressure from weakness in rival edible oils, though losses were curbed by upbeat export demand. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 48 ringgit, or 1.17%, to 4,045 ringgit ($900.49) a tonne. For a full report, click on - - - -
RUBBER - Japanese rubber futures extended early declines on Monday, on the back of falling domestic equities and a firmer yen, but stronger oil prices lent some support. Osaka Exchange's rubber contract for August delivery , finished 1.5 yen, or 0.7%, lower at 217.7 yen ($1.62) per kg. For a full report, click on - - - - (Bengaluru Bureau; +91 80 6749 1130)
