Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** NZX 50** 11,699.02 81.75
6,965.50 -103.40
DJIA 32,132.53 257.96 NIKKEI** 27,010.61 -218.87
Nasdaq FTSE**
11,665.878 231.83 7,410.03 65.58
S&P 500 3,944.10 52.17 Hang Seng**
19,203.91 -335.96
SPI 200 Fut STI**
6,983.00 -2.00 3,155.54 -17.38
SSEC** KOSPI**
3,226.89 -36.42 2,377.91 -1.81
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Bonds Bonds
JP 10 YR Bond KR 10 YR Bond
0.286 -0.002 3.392 -0.026
AU 10 YR Bond US 10 YR Bond
3.421 0.079 3.5562 0.062
NZ 10 YR Bond US 30 YR Bond
4.358 0 3.6925 0.005
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Currencies
SGD US$ KRW US$
1.3473 -0.004 1,304.55 -8.49
AUD US$ NZD US$
0.6645 0.00235 0.6164 -0.002
EUR US$ Yen US$
1.0605 0.003 133.53 0.13
THB US$ PHP US$
34.44 -0.18 54.91 -0.11
IDR US$ INR US$
15,375 15 82.62 -0.26
MYR US$ TWD US$
4.5 0.02 30.631 0.039
CNY US$ HKD US$
6.8998 -0.0069 7.8498 0.0004
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Commodities
Spot Gold Silver (Lon)
1,919.6 1.5025 21.6447 -0.1403
U.S. Gold Fut 1,923 Brent Crude
-8.3 74.86 1.17
Iron Ore CNY902 TRJCRB Index
-24.5 - -
TOCOM Rubber JPY208.1 LME Copper 8,543
0.2 50
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** indicates closing price
All prices as of 18:17 GMT
EQUITIES GLOBAL - Banking shares had to overcome another wobble on Thursday as the ECB jacked up its interest rates by a hefty 50 basis points less than 12 hours after Credit Suisse was handed a 50 billion Swiss franc ($53.94 billion) lifeline.
Overnight, MSCI's index of Asia-Pacific shares outside Japan fell 0.84% after earlier hitting its lowest level this year. For a full report, click on - - - -
NEW YORK - Wall Street's main indexes reversed declines on Thursday after a report said some U.S. big banks were in talks with First Republic Bank for a potential deal, while comments from Treasury Secretary Janet Yellen also boosted investor sentiment. Money markets are still largely pricing in a 25-basis-point rate hike by the Fed in March. . At 11:31 a.m. ET, the Dow Jones Industrial Average was up 110.15 points, or 0.35%, at 31,984.72, the S&P 500 was up 36.60 points, or 0.94%, at 3,928.53, and the Nasdaq Composite was up 171.27 points, or 1.50%, at 11,605.33. For a full report, click on - - - -
LONDON - European shares jumped on Thursday as a lifeline from the Swiss National Bank to Credit Suisse helped ease fears of a global banking crisis, offsetting concerns around the European Central Bank's big 50-basis point interest rate hike. The STOXX 600 closed the day 1.3% higher after dropping 0.6% and touching a fresh 10-week low following the rate hike decision. For a full report, click on - - - -
TOKYO - Japan's Nikkei share average trimmed losses on Thursday after hitting a near two-month low in another volatile session after embattled Swiss lender Credit Suisse announced plans to strengthen its cash position. The Nikkei recovered some losses to end 0.8% lower at 27,010,61, after falling to as low as 26,632.92, its lowest since Jan. 20. For a full report, click on - - - -
SHANGHAI - China and Hong Kong stocks widened their losses on Thursday, weighed by new energy and oil stocks, as Swiss regulators' unprecedented move to pledge a liquidity lifeline to top lender Credit Suisse stoked fears of a banking crisis. China's blue chip CSI300 Index was down 1.2%, lowest since Jan. 4; while the Shanghai Composite Index lost 1.12%. For a full report, click on - - - -
AUSTRALIA - Australian shares closed lower on Thursday, led by energy and mining stocks on tumbling commodity prices, as investors across the globe dumped equities after fresh troubles at Swiss lender Credit Suisse intensified fears of a banking sector turmoil. The S&P/ASX 200 index finished 1.5% lower at 6,965.50, declining for the fourth session in five. For a full report, click on - - - -
SEOUL - South Korean shares ended marginally lower on Thursday, paring steep early losses, after Swiss bank Credit Suisse's announcement of fresh borrowing plans. The benchmark KOSPI ended down 1.81 points, or 0.08%, at 2,377.91, after dropping as much as 1.41%. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar fell and the euro rose on Thursday after the European Central Bank raised interest rates as planned despite market chaos in recent days, in a sign the Federal Reserve also will raise rates next week as both stay on track to tame inflation. The euro fell as much as 0.25% after the ECB's decision, but later reversed course, as did the dollar. The euro was up 0.41% to $1.0618 while the dollar index fell 0.296%. For a full report, click on - - - -
SHANGHAI - China's yuan strengthened on Thursday, as signs the country's property market is stabilising raised expectations of a broader economic recovery after Beijing dropped its stringent zero-COVID strategy. In the spot market, the yuan opened at 6.8931 per dollar and was changing hands at 6.9028 at midday, 39 pips firmer from the previous late session close. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand dollars were whipsawed on Thursday as fears for the global banking system sent investors fleeing from riskier assets, though the rush to safety also gave a big boost to local bonds. News of the Credit Suisse rescue did help the Aussie edge back up to $0.6637 , having fallen 0.9% overnight to as low as $0.6590. Support lies at $0.6565 with resistance around $0.6716. The kiwi held at $0.6177 , having taken an added hit from data showing the New Zealand economy contracted by a surprisingly sharp 0.6% in the December quarter. For a full report, click on - - - -
SEOUL - In offshore trading, the won was quoted at 1,312.1 per dollar, up 0.1% on the day, while in non-deliverable forward trading its one-month contract was quoted at 1,309.1. The won ended onshore trade at 1,313.0 per dollar, 0.71% lower than its previous close at 1,303.7. For a full report, click on - - - -
TREASURIES
NEW YORK - U.S. Treasury yields slid in choppy trading on Thursday, as investors continued to weigh the ongoing global banking tension against U.S. economic data that continued to show resilience in the face of multiple rate hikes from the Federal Reserve. In mid-morning trading, the yield on 10-year Treasury notes was down 11 bps at 3.384%. For a full report, click on - - - -
LONDON - Euro zone government bond yields rose on Thursday after the European Central Bank (ECB) raised interest rates by 50 basis points, but investors still expect the ECB to slow its monetary tightening while assessing financial stability risks. Germany's 10-year bond yield , the bloc's benchmark, rose 11 basis points to 2.23%. For a full report, click on - - - -
TOKYO - Japanese government bond yields fell on Thursday, tracking U.S. Treasury yields, which fell as Swiss bank Credit Suisse became the latest focal point for fears of a banking crisis. Japan's 10-year JGB yield fell 4 basis points (bps) to 0.280%. The 20-year JGB yield fell 4 bps to 1.035%, despite a weak outcome of an auction for the notes with the same maturity. For a full report, click on COMMODITIES
GOLD - Gold prices edged higher on Thursday, bouncing towards last session's 1-1/2 month peak as concerns about the banking crisis continue after the European Central Bank hiked interest rates despite the ongoing financial stability risks. Spot gold was up 0.1% at $1,919.31 per ounce by 01:53 p.m. EDT (1753 GMT), after jumping to its highest since early February at $1,937.28 on Wednesday.
U.S. gold futures settled 0.4% lower to $1,923 per ounce. For a full report, click on - - - -
IRON ORE - Dalian and Singapore iron ore futures slumped on Thursday, along with steel benchmarks in China as sentiment soured, mirroring a broader risk aversion triggered by fears of a banking crisis. The most traded May iron ore on China's Dalian Commodity Exchange ended daytime trade 2.8% lower at 902 yuan ($130.75) a tonne after earlier hitting 897.50 yuan, its weakest since March 9. For a full report, click on - - - -
BASE METALS - Copper prices inched higher on Thursday after massive emergency funding for Credit Suisse from the Swiss central bank eased fears that economically damaging turmoil in the banking sector could spread. Benchmark copper on the London Metal Exchange was up 0.5% at $8,543 a tonne at 1715 GMT. For a full report, click on - - - -
OIL - Oil prices rose 2% on Thursday after dropping to near 15-month lows earlier in the session, supported by reports that top producers Saudi Arabia and Russia met to discuss ways to enhance market stability. Brent crude futures rose $1.61, or 2.2%, to $75.30 a barrel by 1:08 p.m. EDT (1708 GMT) . West Texas Intermediate crude futures (WTI) rose $1.53, or 2.3%, to $69.14 a barrel. For a full report, click on - - - -
PALM OIL - Malaysian palm oil futures fell on Thursday to its lowest in a month, dragged by weakness in rival edible oils and concerns over the U.S banking crisis. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 32 ringgit, or 0.81%, to 3,935 ringgit ($874.44) a tonne. For a full report, click on - - - -
RUBBER - Japanese rubber futures slumped to a two-year low on Thursday, tracking
losses in the Shanghai market, as renewed fears of a banking crisis dampened risk
appetite, while a firmer yen also deterred purchasing.
Osaka Exchange's rubber contract for August delivery , finished
5.7 yen, or 2.7%, lower at 207.9 yen ($1.57) per kg.
For a full report, click on - - - -
(Bengaluru Bureau; +91 80 6749 1130)
