Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** NZX 50** -33.45 6,955.40 56.90 11,531.3
DJIA** NIKKEI**
32,560.60 316.02 26,945.67 -388.12
Nasdaq** 184.57 FTSE**
11, 7,536.22 132.37
860.11
S&P 500** 51.30 Hang Seng**
4,002.87 19,258.76 258.05
SPI 200 Fut STI**
7,048 62.00 3,173.93 34.17
SSEC** KOSPI**
3,255.6505 20.74 2,388.35 9.15
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Bonds Net Chng Bonds Net Chng
JP 10 YR Bond KR 10 YR Bond
0.227 -0.023 3.304 -0.001
AU 10 YR Bond US 10 YR Bond
3.338 0.125 3.6094 0.132
NZ 10 YR Bond US 30 YR Bond
4.245 0.105 3.7294 0.067
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Currencies Net Chng Net Chng
SGD US$ KRW US$
1.3363 -0.0013 1,303.45 -0.91
AUD US$ NZD US$
0.667 -0.0048 0.6193 -0.0053
EUR US$ Yen US$
1.0766 0.0047 132.54 1.23
THB US$ PHP US$
34.44 0.35 54.3 -0.045
IDR US$ INR US$
15,340 -15 82.677 0.167
MYR US$ TWD US$
4.47 -0.013 30.563 -0.03
CNY US$ HKD US$
6.8788 0.006 7.8461 0.0047
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Commodities Net Chng Net Chng
Spot Gold Silver (Lon)
1,940.15 -38.5622 22.3798 -0.1402
U.S. Gold Fut Brent Crude
1,941.10 -41.7 75.19 1.4
Iron Ore CNY879 TRJCRB Index
-4 - -
TOCOM Rubber JPY207.4 LME Copper
2.4 8,786.50 93
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** indicates closing price
All prices as of 20:39 GMT
EQUITIES GLOBAL - Global shares jumped on Tuesday after the rescue of Credit Suisse stemmed a rout in equities and whetted risk appetites, although financial system uncertainties limited buying as investors awaited the outcome of a key Federal Reserve meeting. European banking stocks , which seem headed for their biggest monthly slide in three years, rose by 3.9% on Tuesday, helping lift the regional STOXX 600 index by 1.4%. For a full report, click on - - - -
NEW YORK - Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its two-day policy meeting on Wednesday with a 25 basis-point hike to its policy rate. According to preliminary data, the S&P 500 gained 50.84 points, or 1.29%, to end at 4,002.41 points, while the Nasdaq Composite gained 181.47 points, or 1.55%, to 11,860.04. The Dow Jones Industrial Average rose 313.36 points, or 0.97%, to 32,566.44. For a full report, click on - - - -
LONDON - European shares rose over 1% on Tuesday, with banking stocks leading the recovery following a raft of measures to stabilise the sector, while investors hoped for less-aggressive moves by the U.S. Federal Reserve at its policy meeting this week. The pan-European STOXX 600 climbed 1.3%, extending gains after the index sharply recouped intraday losses and closed the session up nearly 1% on Monday. 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 - China and Hong Kong shares rose on Tuesday, as fears of a global banking crisis eased after investors digested the state-backed rescue deal for Swiss lender Credit Suisse over the weekend. China's blue-chip CSI300 Index closed up 1.1%, while the Shanghai Composite Index gained 0.6%. For a full report, click on - - - -
AUSTRALIA - Australian shares are likely to rise at open on Wednesday, tracking sharp overnight Wall Street gains, as investors await U.S. Federal Reserve's interest rate hike decision due later in the day. The local share price index futures rose 0.9%, a 92.6 point premium to the underlying S&P/ASX 200 index close. The benchmark ended 0.8% higher on Tuesday. For a full report, click on - - - -
SEOUL - South Korean shares ended flat on Tuesday as investor sentiment was subdued ahead of the U.S. Federal Reserve's policy meeting this week, although worries eased over the global banking turmoil. The benchmark KOSPI ended up 9.15 points, or 0.38%, at 2,388.35, after rising as much as 0.85%. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar pared earlier losses and sterling fell on Tuesday as traders reckoned banking stress could keep the Federal Reserve and the Bank of England from hiking interest rates much further, or at all, later in the week. The dollar index fell 0.058% to 103.270, while sterling edged 0.59% lower to $1.2204. For a full report, click on - - - -
CHINA - The yuan weakened on Tuesday, with investors uncertain if the U.S. Federal Reserve will raise rates this week, widening yield differentials and capping gains in the Chinese currency. The spot yuan opened at 6.8799 per dollar and was changing hands at 6.8809 at midday, 24 pips weaker than the previous late session close and 0.07% away from the midpoint. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand dollars ran into resistance on Tuesday after scaling multiple-week highs, as traders shifted their focus to the upcoming U.S. Federal Reserve policy meeting amid easing fears about the global banking system. The Aussie retreated 0.3% to $0.6702, after hitting a two-week high of $0.6743 overnight as a cautious return in risk appetite led European and U.S. markets higher. It now has support at the 21-day moving average of 67 cents. For a full report, click on - - - -
SEOUL - The Korean won and the benchmark bond yield were flat. The won ended onshore trade at 1,311.2 per dollar, 0.08% lower than its previous close of 1,310.1. For a full report, click on - - - -
TREASURIES
NEW YORK - U.S Treasury yields gained on Tuesday as improving risk sentiment reduced safe-haven demand for the U.S. debt before the Federal Reserve will conclude its two-day meeting on Wednesday. Benchmark 10-year Treasury yields have risen from a six-month low of 3.291% reached on Monday but remain well below their 15-year peak of 4.338% reached on Oct. 21. They were last at 3.604%. For a full report, click on - - - -
LONDON - Short-dated euro zone bond yields jumped on Tuesday, calmed by central banks' efforts to shore up liquidity, as the market's focus turned to the start of a two-day Federal Reserve policy meeting. Germany's 10-year yield , the benchmark for the euro area, was last up 18 basis points (bps) at 2.268%, in its biggest rise since March 2020. It hit more than a 13-week low of 1.923% on Monday. 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 dropped about 2% on Tuesday as Treasury yields jumped and easing worries over a banking crisis prompted some investors to cautiously return to riskier assets, while markets await the U.S. Federal Reserve's next interest rate decision. Spot gold dipped 2.1% to $1,938.19 per ounce by 1:31 p.m. EDT (1731 GMT). U.S. gold futures , too, fell 2.1% to settle at $1,941.10. For a full report, click on - - - -
IRON ORE
Dalian iron ore futures extended losses on Tuesday as traders weighed the prospects of further government intervention in the market following the latest warning from China on speculative activity and ongoing production curbs in major steel cities. The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) ended daytime trading 2.22%lower at 879 yuan ($127.80)a tonne, following a 2.48% drop the previous day. For a full report, click on - - - -
BASE METALS
Copper prices climbed on Tuesday on signs of firmer demand, less disquiet over the global banking sector and hopes that the U.S. central bank will scale back its interest rate increases. Three-month copper on the London Metal Exchange (LME) was up 1% to $8,786.50 a tonne by 1715 GMT, having fallen into the red earlier in the session. For a full report, click on - - - -
OIL
Oil prices rose on Tuesday, settling up more than 2% and extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse allayed concerns of a banking crisis that would hurt economic growth and cut fuel demand. Brent crude settled up $1.53, or 2.1%, at $69.33 a barrel, while U.S. West Texas Intermediate (WTI) closed up $1.69, or 2.5% to $69.33. For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures were unchanged on Tuesday after rising earlier in the day on bargain buying, but firmer currency and expectations of improving production pressured the price. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed at 3,785 ringgit ($846.76) a tonne on Tuesday after rising 1.82% earlier in the day. The contract fell for three straight sessions to its lowest closing in nearly seven weeks the previous day. 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)
