Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 6,965.50 -103.40 NZX 50** 11,699.02 81.75 DJIA** 32,246.55 371.98 NIKKEI** 27,010.61 -218.87
Nasdaq** 11,717.28 283.22 FTSE**
7,410.03 65.58
S&P 500** 3,960.28 68.35 Hang Seng**
19,203.91 -335.96
SPI 200 Fut STI**
7,013 28.00 3,155.54 -17.38
SSEC** KOSPI**
3,226.8912 -36.42 2,377.91 -1.81
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Bonds Net Chng Bonds Net Chng
JP 10 YR Bond KR 10 YR Bond
0.286 -0.002 3.392 -0.026
AU 10 YR Bond US 10 YR Bond
3.443 0.101 3.5733 0.079
NZ 10 YR Bond US 30 YR Bond
4.455 0.097 3.7109 0.023
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Currencies Net Chng Net Chng
SGD US$ KRW US$
1.3466 -0.0047 1,303.03 -10.01
AUD US$ NZD US$
0.66565 0.0035 0.6189 0.0005
EUR US$ Yen US$
1.0609 0.0034 133.65 0.25
THB US$ PHP US$
34.43 -0.19 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 -0.0102 7.8498 0.0004
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Commodities Net Chng Net Chng
Spot Gold Silver (Lon)
1,919.45 1.3525 21.68 -0.105
U.S. Gold Fut 1,923 -8.3 Brent Crude
74.45 0.76
Iron Ore CNY902 -24.5 TRJCRB Index
- -
TOCOM Rubber JPY208.1 LME Copper 8,543 50
0.2
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** indicates closing price
All prices as of 20:09 GMT
EQUITIES GLOBAL - Major Wall Street indexes jumped on Thursday on reports that a large group of banks were preparing to inject billions into First Republic Bank. The MSCI world equity index , which tracks shares in 49 nations, gained 1.07%. For a full report, click on - - - -
NEW YORK - A strong rebound by financials helped Wall Street's main indexes close firmly positive on Thursday, after some of the country's largest lenders came to the rescue of embattled First Republic Bank. The Dow Jones Industrial Average rose 371.98 points, or 1.17%, to 32,246.55, the S&P 500 gained 68.35 points, or 1.76%, to 3,960.28 and the Nasdaq Composite added 283.23 points, or 2.48%, to 11,717.28.
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 were poised to open higher on Friday, tracking Wall Street gains, as fears of a global banking crisis eased after large banks jumped in to rescue embattled lender First Republic Bank.
The local share price index futures rose 0.4%, a 46.5-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 1.5% on Thursday. 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 likely 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 0.38% to $1.0615 while the dollar index fell 0.258%. 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 rose in choppy trading on Thursday after falling overnight, as banking worries eased on news of financial support for embattled lenders Credit Suisse and First Republic Bank . In afternoon trading, the yield on 10-year Treasury notes was up 8.3 bps at 3.577%. 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 settled 1% higher on Thursday, ending a three-session losing streak, after reports that Saudi Arabia and Russia met to discuss ways to enhance market stability. Brent crude futures rose $1.37, or 1%, to settle at $74.70 a barrel, while the West Texas Intermediate crude futures (WTI) gained 74 cents, or 1.1%, to settle at $68.35 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)
