Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** NZX 50** -160.87 6,898.50 -96.30 11,564.75
DJIA 32,117.19 255.21 NIKKEI** 26,945.67 -388.12
Nasdaq FTSE**
11,641.643 11.13 7,403.85 68.45
S&P 500 3,935.90 19.70 Hang Seng**
19,000.71 -517.88
SPI 200 Fut STI**
6,972.00 48.00 3,139.76 -43.52
SSEC** KOSPI**
3,234.91 -15.64 2,379.2 -16.49
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Bonds Bonds
JP 10 YR Bond KR 10 YR Bond
0.227 -0.023 3.305 -0.102
AU 10 YR Bond US 10 YR Bond
3.301 0.041 3.4903 0.093
NZ 10 YR Bond US 30 YR Bond
4.24 0 3.6664 0.065
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Currencies
SGD US$ KRW US$
1.3378 -0.0026 1,305.74 -2.63
AUD US$ NZD US$
0.6718 0.0019 0.6251 -0.0007
EUR US$ Yen US$
1.0722 0.0056 131.49 -0.3
THB US$ PHP US$
34.12 0.01 54.345 -0.355
IDR US$ INR US$
15,355 15 82.53 0.01
MYR US$ TWD US$
4.483 0 30.593 0.039
CNY US$ HKD US$
6.8785 -0.0098 7.8422 -0.0069
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Commodities
Spot Gold Silver (Lon)
1,981.32 -6.6101 22.5376 -0.0524
U.S. Gold Fut 1,982.80 9.3 Brent Crude
73.25 0.28
Iron Ore CNY883 -32 TRJCRB Index
- -
TOCOM Rubber JPY204.2 LME Copper 8,693.5 109
-0.8
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** indicates closing price
All prices as of 18:29 GMT
EQUITIES GLOBAL - Bank stocks rallied on Monday and a cross-asset scramble for safety abated as investors heaved a tentative sigh of relief that a historic weekend rescue of financial heavyweight Credit Suisse is containing the banking crisis for now. The KBW Bank Index , a proxy for banks jumped 3.1%. For a full report, click on - - - -
NEW YORK - The S&P 500 and the Dow Jones gained on Monday as a state-backed rescue of embattled lender Credit Suisse allayed fears about bank contagion risks, while investors weighed odds of the Federal Reserve pausing its rate hikes this week. At 12:05 p.m. ET, the Dow Jones Industrial Average was up 295.83 points, or 0.93%, at 32,157.81, the S&P 500 was up 23.21 points, or 0.59%, at 3,939.85, while the Nasdaq Composite was down 1.68 points, or 0.01%, at 11,628.83. For a full report, click on - - - -
LONDON - European stocks reversed sharp early losses and rose on Monday as banking stocks rebounded from three-month lows sparked by UBS' shotgun deal to buy Credit Suisse for a fraction of its market value. The pan-European STOXX 600 index gained 1.0% by the close, after having fallen nearly 2% earlier in the day. For a full report, click on - - - -
TOKYO - Japan's Nikkei share average ended at a two-month low on Monday, as worries about recession and a potential global banking sector crisis drove a sell-off of risk assets despite a weekend rescue deal for Swiss lender Credit Suisse. The Nikkei index fell 1.42% to close at 26,945.67, its lowest close since Jan 23. The broader Topix lost 1.54% to 1,929.30. For a full report, click on - - - -
SHANGHAI - Hong Kong shares dropped to a three-month low on Monday, led by banking stocks, as a government-orchestrated acquisition of Credit Suisse by UBS failed to ease market concerns of risk contagion. China's blue-chip CSI300 Index and the Shanghai Composite Index both lost about 0.5%. For a full report, click on - - - -
AUSTRALIA - Australian shares ended more than 1% lower on Monday dragged down by financials, as a weekend rescue deal for Credit Suisse and efforts by central banks to ease liquidity concerns in the banking sector highlighted underlying cracks in the system. The S&P/ASX 200 index fell 1.4% to end the session at 6,898.50, its lowest closing level since Nov. 4. The benchmark had closed 0.4% higher on Friday. For a full report, click on - - - -
SEOUL - South Korean shares fell on Monday, as investors remained cautious despite a Swiss bank Credit Suisse takeover deal hurriedly engineered to calm global markets. The benchmark KOSPI closed down 16.49 points, or 0.69% at 2,379.20. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar slid on Monday as investors reacted nervously to UBS' cut-price takeover of its beleaguered rival Credit Suisse . The U.S. dollar index - which measures the currency against six major peers - was last down 0.472% at 103.300 the day after the merger was announced, following last week's 0.73% fall. For a full report, click on - - - -
SHANGHAI - China's yuan eased against the dollar on Monday, pressured by prospects of higher liquidity after the Chinese central bank surprised dealers by lowering the amount of cash banks must set aside as reserves. The onshore yuan opened at 6.8711 per dollar and was changing hands at 6.8974 at midday, 91 pips weaker than the previous late session close. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand dollars reversed early gains on Monday, as investor optimism faded over a rescue deal for Credit Suisse and a concerted effort by global central banks to restore confidence, while bonds rallied. The Aussie eased 0.1% to $0.6692 , after rising as much as 0.6% to $0.6743 earlier in the day, buoyed by outflows from the safe-haven Japanese yen as investors took comfort in the deal brokered by the Swiss government for UBS to buy beleaguered Credit Suisse. For a full report, click on - - - -
SEOUL - The Korean won weakened, while the benchmark bond yield dropped. The won ended onshore trade at 1,310.1 per dollar, 0.60% lower than its previous close at 1,302.2. For a full report, click on - - - -
TREASURIES
NEW YORK - Treasury yields rose on Monday as the takeover of Credit Suisse and central bank steps to shore up liquidity helped allay investor concerns as they gauge whether the Federal Reserve may pause its raising of interest rates later this week. The yield on benchmark 10-year Treasury notes rose 6.3 basis points to 3.460%. For a full report, click on - - - -
LONDON - Euro zone government bond yields reversed some of their earlier sharp falls on Monday, as a rush into safe-haven assets slowed, and investors warmed up to the idea that the latest measures might have reduced the risks of a banking crisis in Europe. German government bond yields hit their lowest since mid-December, with the 10-year yield , the bloc's benchmark, dropping as much as 20 basis points (bps) at one stage to 1.923%. It was last down 2 bps at 2.11%. For a full report, click on - - - -
TOKYO - Japanese government bond (JGB) yields fell on Monday after investors sought to buy safe-haven debt as worries about a potential global banking sector crisis continues. The 10-year JGB yield fell 1.5 basis points (bps) to 0.255% after slipping to 0.250%. For a full report, click on COMMODITIES
GOLD Gold prices retreated from their highest level in a year in volatile trading on Monday, as share markets and Treasury yields bounced back on central banks' efforts to shore up confidence in the financial sector. Spot gold dipped 0.8% to $1,972.19 per ounce by 11:50 a.m. ET (1550 GMT), after sliding over 1%, while U.S. gold futures rose 0.2% to $1,976.80. For a full report, click on - - - -
IRON ORE
Dalian and Singapore iron ore futures declined on Monday after China's state planner issued another warning against speculation in the market and fresh production curbs were imposed in major Chinese steel cities. The most-traded May iron ore futures contract on China's Dalian Commodity Exchange (DCE) ended daytime trading 2.48% lower at 883 yuan ($128.14) a tonne, the lowest since March 3. For a full report, click on - - - -
BASE METALS
Copper prices rose in volatile trade on Monday, supported by a weaker dollar and signs of improving demand from top consumer China. Benchmark copper on the London Metal Exchange (LME) was up 1.3% at $8,693.5 a tonne by 1703 GMT, having fallen by 3.2% last week. For a full report, click on - - - -
OIL
Oil prices bounced up on Monday in volatile trade after diving to their lowest levels in 15 months as the market worried that risks in the global banking sector could spark a recession that would sap fuel demand. Brent crude futures for May edged higher 3 cents to $73.00 a barrel by 1:20 p.m. EDT (1720 GMT). U.S. West Texas Intermediate crude futures for April were down 4 cents at $66.70 on the eve of the contract's expiry. The more actively traded May futures were up 6 cents at $66.99 a barrel. For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures fell for a third straight session on Monday to their lowest closing price in nearly seven weeks, dragged by weakness in rival vegetable oils and global economic concerns. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange lost 130 ringgit, or 3.32%, to 3,790 ringgit ($845.42) a tonne, the biggest daily drop since Jan. 25. For a full report, click on - - - -
RUBBER
Japanese rubber futures fell on Monday to their lowest since September 2021, as
fears of a larger global banking crisis lingered, while falling oil prices and a firmer
yen also weighed on the market.
The Osaka Exchange's rubber contract for August delivery , finished 3.5 yen, or 1.7%, lower at 205.0 yen ($1.56) per kg.
For a full report, click on - - - -
(Bengaluru Bureau; +91 80 6749 1130)
