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** NIKKEI**
32,244.58 382.60 26,945.67 -388.12
Nasdaq** 45.02 FTSE**
11,6 7,403.85 68.45
75
.5
4
S&P 500** 34.93 Hang Seng**
3,951.57 19,000.71 -517.88
SPI 200 Fut STI**
6,969 45.00 3,139.76 -43.52
SSEC** KOSPI**
3,234.9103 -15.64 0 0.00
--------------------------------------------------------------------------------------
--
Bonds Net Chng Bonds Net Chng
JP 10 YR Bond KR 10 YR Bond
0.227 -0.023 3.305 -0.102
AU 10 YR Bond US 10 YR Bond
3.299 0.039 3.4866 0.09
NZ 10 YR Bond US 30 YR Bond
4.22 -0.02 3.6716 0.071
--------------------------------------------------------------------------------------
--
Currencies Net Chng Net Chng
SGD US$ KRW US$
1.3376 -0.0028 1,306.2 -2.17
AUD US$ NZD US$
0.6718 0.0019 0.6246 -0.0012
EUR US$ Yen US$
1.072 0.0054 131.38 -0.41
THB US$ PHP US$
34.07 -0.04 54.345 -0.355
IDR US$ INR US$
15,355 15 82.51 -0.01
MYR US$ TWD US$
4.483 0 30.593 0.039
CNY US$ HKD US$
6.8785 -0.008 7.8411 -0.008
--------------------------------------------------------------------------------------
--
Commodities Net Chng Net Chng
Spot Gold Silver (Lon)
1,978.84 -9.0901 22.5066 -0.0834
U.S. Gold Fut Brent Crude
1,982.80 9.3 73.75 0.78
Iron Ore CNY883 TRJCRB Index
-32 - -
TOCOM Rubber JPY204.2 LME Copper
-0.8 8,693.5 109
---------------------------------------------------------------------------------------
--
** indicates closing price
All prices as of 20:33 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 1.8%. For a full report, click on - - - -
NEW YORK - U.S. stocks ended higher on Monday after a deal to rescue Credit Suisse and central bank efforts to bolster confidence in the financial system relieved investors, while participants also weighed the likelihood of a pause in rate hikes from the Federal Reserve this week. According to preliminary data, the S&P 500 gained 34.19 points, or 0.87%, to end at 3,950.83 points, while the Nasdaq Composite gained 45.09 points, or 0.39%, to 11,675.60. The Dow Jones Industrial Average rose 380.95 points, or 1.20%, to 32,242.93. 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 were expected to open higher on Tuesday, tracking gains in Wall Street, as active steps to rescue distressed banks eased fears of a banking crisis and boosted sentiment. The local share price index futures rose 0.7%, a 70.5 point premium to the underlying S&P/ASX 200 index close. The benchmark slumped 1.4% on Monday. 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 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 0.501% at 103.270 the day after the merger was announced, touching its lowest level since Feb. 15. For a full report, click on - - - -
CHINA - 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 - U.S. 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 raising interest rates later this week. The yield on benchmark 10-year Treasury notes rose 8.4 basis points to 3.481%. 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. Italy's 10-year yield dropped 6 bps to 4%, which pushed the spread between Italian and German 10-year yields to 186 bps, having earlier hit its widest level since early January at 205.6 bps. 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 0.5% to $1,977.18 per ounce by 1:57 p.m. EDT (1757 GMT), after sliding over 1%, while U.S. gold futures rose 0.5% to settle at $1,982.80. 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 rebounded and rose over 1% on Monday 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. In volatile trade, Brent crude futures for May rose 82 cents, or 1.1% to $73.79 a barrel. U.S. West Texas Intermediate crude futures for April gained 90 cents, or 1.4%, at $67.64 on the eve of the contract's expiry. 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)
