Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,008.90 -99.90 NZX 50** 11,595.47 -77.43 DJIA** 32,155.40 336.26 NIKKEI** 27,222.04 -610.92 Nasdaq** 11,428.15 239.31 FTSE** 7,637.11 88.48 S&P 500** 3,920.56 64.80 Hang Seng** 19,247.96 -448.01 SPI 200 Fut 7,051 66.00 STI** 3,129.75 -2.62 SSEC** 3,245.3123 -23.38 KOSPI** 2,348.97 -61.63 -------------------------------------------------------------------------------------- -- Bonds Net Chng Bonds Net Chng JP 10 YR Bond 0.279 0.003 KR 10 YR Bond 3.303 -0.095 AU 10 YR Bond 3.469 0.033 US 10 YR Bond 3.6739 0.159 NZ 10 YR Bond 4.343 0.05 US 30 YR Bond 3.7898 0.123 -------------------------------------------------------------------------------------- --
Currencies Net Chng Net Chng SGD US$ 1.3451 -0.0021 KRW US$ 1,304.14 7.56 AUD US$ 0.6685 0.00175 NZD US$ 0.6236 0.0018 EUR US$ 1.0736 0.0007 Yen US$ 134.16 0.98 THB US$ 34.55 0.05 PHP US$ 55.04 0.06 IDR US$ 15,380 20 INR US$ 82.245 0.01 MYR US$ 4.482 -0.01 TWD US$ 30.62 -0.031 CNY US$ 6.8795 0.0225 HKD US$ 7.8484 0.0043 -------------------------------------------------------------------------------------- --
Commodities Net Chng Net Chng Spot Gold 1,903.79 -9.445 Silver (Lon) 21.672 -0.1355 U.S. Gold Fut 1,910.90 -5.6 Brent Crude 77.61 -3.16 Iron Ore CNY920 -9 TRJCRB Index - - TOCOM Rubber JPY215.7 0.7 LME Copper 8,823.50 -99.5 --------------------------------------------------------------------------------------- --
** indicates closing price
All prices as of 20:09 GMT
EQUITIES GLOBAL - Global shares turned higher on Tuesday, stemming a five-session rout after key U.S. data met expectations and bolstered bets of a smaller interest rate hike by the Federal Reserve at its next meeting. The MSCI All-World index reversed earlier losses, and was up 1% by 10:48 a.m. EDT (1448 GMT), on track to gain for the first in six sessions. For a full report, click on - - - -
NEW YORK - U.S. stocks bounced back on Tuesday as largely on-target inflation data and easing jitters over contagion in the banking sector cooled expectations regarding the size of the rate hike at the Federal Reserve's policy meeting next week. The Dow Jones Industrial Average rose 336.26 points, or 1.06%, to 32,155.4, the S&P 500 gained 64.8 points, or 1.68%, to 3,920.56 and the Nasdaq Composite added 239.31 points, or 2.14%, to 11,428.15. For a full report, click on - - - -
LONDON - European shares on Tuesday posted their biggest single-day gain in nearly three months, helped by a resilient outlook for the region's banking sector in the face of Silicon Valley Bank's (SVB) collapse and growing optimism over a slowdown in the Federal Reserve's rate-hiking cycle. The pan-European STOXX 600 index closed 1.5% higher amid a broad-based rally, rebounding from its worst three-day selloff of 3.9% this year. For a full report, click on - - - -
TOKYO - Japanese banking shares on Tuesday tumbled the most since the onset of the COVID-19 pandemic, dragging the Nikkei share average down more than 2%, as investors tried to gauge the fallout from the collapse of two U.S. lenders. The Nikkei sank 2.2% to end at 27,222.04, its worst day in nearly four months. The session low of 27,104.75 had not been seen since Feb. 22. For a full report, click on - - - -
SHANGHAI - China and Hong Kong stocks fell to their lowest in more than two months on Tuesday, as fears about contagion from the collapse of Silicon Valley Bank (SVB) lingered. China's blue-chip CSI300 Index closed down 0.6%, after touching its lowest since early January. The Shanghai Composite Index lost 0.7%. For a full report, click on - - - -
AUSTRALIA - Australian shares were set to open higher on Wednesday as concerns of a banking crisis eased, while largely on-point U.S. inflation data raised bets for a smaller interest rate hike by the Federal Reserve next week.
The local share price index futures rose 1%, a 43.1-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 1.4% on Tuesday. For a full report, click on - - - -
SEOUL - South Korean shares fell 2.56% on Tuesday to post their worst day in more than five months, as fears of a U.S. banking sector crisis prompted investors to shun riskier assets. The stock market's benchmark KOSPI fell 61.63 points to end at 2,348.97. It was the biggest daily percentage drop since Sept. 26, 2022. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar traded little changed on Tuesday after strong consumer price data revived the likelihood that the Federal Reserve will hike interest rates next week as fears of turmoil spreading in the banking sector faded. The dollar index , a measure of the greenback against six other currencies, fell 0.087% as Treasury yields jumped a day after the two-year note, which moves in step with interest rate expectations, plunged the most in a single day since 1987. For a full report, click on - - - -
SHANGHAI - China's yuan slipped on Tuesday from a near one-month high hit a day earlier, as Chinese companies took advantage of broad weakness in the greenback to load up on dollars. In the spot market, the onshore yuan opened at 6.8549 per dollar and was changing hands at 6.8715 at midday, 240 pips softer than the previous late session close. For a full report, click on - - - -
AUSTRALIA - The Australian dollar eased on Tuesday on souring risk appetite, while bonds posted their biggest rally in more than a decade as markets priced out any chance of further rate hikes from the nation's central bank and even wagered on a cut in April. The Antipodean slid 0.5% to $0.6636 as tanking share markets, gripped by contagion fears from the collapse of Silicon Valley Bank and Signature Bank , shattered confidence. It surged 1.3% on Monday to as high as $0.6717. For a full report, click on - - - -
SEOUL - The won fell due to the risk aversion and foreign sell-off of local shares, while bond prices jumped on the safe-haven appeal of fixed-income securities. The won ended onshore trade at 1,311.1 per dollar, 0.71% lower than its previous close at 1,301.8. For a full report, click on - - - -
TREASURIES
NEW YORK - U.S. Treasury yields rose on Tuesday, a day after major declines, as investors consolidated positions and weighed the monetary policy impact of banking system turmoil against stubbornly high inflation. In afternoon trading, U.S. Treasury two-year yields rose 19.5 basis points (bps) to 4.225% , while the benchmark 10-year yield gained 12 bps at 3.637% . For a full report, click on - - - -
LONDON - Euro zone government bond yields rose on Tuesday as investors reckoned the recent repricing of the European Central Bank tightening path on fears about the impact of Silicon Valley Bank's (SVB) collapse might have gone too far.
Germany's 10-year yield , the euro area benchmark, was last up 16.5 bps at 2.448%, having hit a five-week low of 2.168% on Monday. For a full report, click on - - - -
TOKYO - Japanese banking shares on Tuesday tumbled the most since the onset of the COVID-19 pandemic, dragging the Nikkei share average down more than 2%, as investors tried to gauge the fallout from the collapse of two U.S. lenders. The 30-year JGB yield tumbled as much as 15 basis points to 1.14%, the lowest since late-August, while the two-year yield fell 1.5 basis points to -0.045%. For a full report, click on COMMODITIES
GOLD - Gold fell on Tuesday as a rise in Treasury yields took the shine off bullion's recent rise that was driven by the U.S. banking crisis, while an uptick in U.S. inflation in February raised more questions than answers on interest rates. Spot gold fell 0.2% to $1,909.55 per ounce by 2:18 p.m. EDT (1818 GMT). U.S. gold futures dropped 0.3% to settle at $1,910.90.
For a full report, click on - - - -
IRON ORE - Dalian iron ore futures pulled back from a contract high on Tuesday, although losses were limited by buoyant steel prices in top steel producer China.
The most-traded May iron ore on China's Dalian Commodity Exchange ended daytime trade 0.2% lower at 920 yuan ($134.02) a tonne. It hit 936 yuan earlier in the session, a new high for the contract. For a full report, click on - - - -
BASE METALS - Copper prices faltered on Tuesday, unsettled by worries about the knock-on impact of a U.S. banking crisis, a stronger dollar and a slow recovery of demand in top metals consumer China. Three-month copper on the London Metal Exchange (LME) shed 1.2% to $8,823.50 a tonne by 1700 GMT after rising by 0.7% on Monday. For a full report, click on - - - -
OIL - Oil prices dropped over 4% to a three-month low on Tuesday after a U.S. inflation report and the recent U.S. bank failures sparked fears of a fresh financial crisis that could reduce future oil demand. Brent futures fell $3.32, or 4.1%, to settle at $77.45 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $3.47, or 4.6%, to settle at $71.33. For a full report, click on - - - -
PALM OIL - Malaysian palm oil futures fell for a third session on Tuesday, hitting their lowest closing in nearly a month, due to weakness in rival edible oils amid global economic concerns. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange slid 61 ringgit, or 1.51%, to 3,982 ringgit ($888.44) a tonne, its lowest closing since Feb. 15. For a full report, click on - - - -
RUBBER - Japanese rubber futures posted a seventh decline in eight days on Tuesday, as oil prices slid and investor confidence took a hit amid looming fears of a U.S. banking crisis and caution ahead of inflation data due later in the day. Osaka Exchange's rubber contract for August delivery , finished 2.7 yen, or 1.2%, lower at 215.0 yen ($1.61) per kg. For a full report, click on - - - - (Bengaluru Bureau; +91 80 6749 1130)
