Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** NZX 50** 8.01 6,968.60 -47.00 11,594.94
DJIA 32,090.61 60.50 NIKKEI** 27,419.61 -47.00
Nasdaq FTSE**
11,816.984 147.03 7,499.6 -67.24
S&P 500 3,953.87 13.37 Hang Seng**
20,049.64 458.21
SPI 200 Fut STI**
6,971.00 -18.00 3,219 -1.98
SSEC** KOSPI**
3,286.65 20.90 2,424.48 7.52
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Bonds Bonds
JP 10 YR Bond KR 10 YR Bond
0.301 0.001 3.262 -0.033
AU 10 YR Bond US 10 YR Bond
3.284 -0.018 3.4341 -0.066
NZ 10 YR Bond US 30 YR Bond
4.2 0.007 3.71 0.013
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Currencies
SGD US$ KRW US$
1.3255 -0.0043 1,281.46 -16.39
AUD US$ NZD US$
0.67035 0.0019 0.6269 0.0049
EUR US$ Yen US$
1.0873 0.0018 130.71 -0.73
THB US$ PHP US$
33.9 -0.35 54.3 -0.1
IDR US$ INR US$
15,340 -15 82.075 -0.43
MYR US$ TWD US$
4.416 -0.036 30.372 -0.154
CNY US$ HKD US$
6.8188 -0.0392 7.8498 0.0027
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Commodities
Spot Gold Silver (Lon)
2,000.22 30.6389 23.1853 0.1603
U.S. Gold Fut 1,997.40 47.8 Brent Crude
76.07 -0.62
Iron Ore CNY854 -11.5 TRJCRB Index
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TOCOM Rubber JPY206 LME Copper 9,037.5 156
1.9
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** indicates closing price
All prices as of 18:21 GMT
EQUITIES GLOBAL - World stock markets rose on Thursday as shares on Wall Street rallied, and Treasury yields fell, after investors took comfort that the Federal Reserve might pause its interest rate rises to offset the turmoil in financial markets. The gains helped MSCI's main world share index jump 1%.
For a full report, click on - - - -
NEW YORK - The Nasdaq led the rally among Wall Street's main indexes as major rate-sensitive technology and growth stocks advanced after the Federal Reserve hinted it was close to pausing interest rate hikes amid turbulence in the banking sector. At 12:07 p.m. ET, the Dow Jones Industrial Average was up 398.52 points, or 1.24%, at 32,428.63, the S&P 500 was up 59.20 points, or 1.50%, at 3,996.17, and the Nasdaq Composite was up 251.34 points, or 2.15%, at 11,921.30.
For a full report, click on - - - -
LONDON - European equities inched down on Thursday with banks leading declines after the Bank of England followed the U.S. Federal Reserve and the Swiss National Bank in hiking rates amid worries of a banking contagion. The continent-wide STOXX 600 index slipped 0.2% after closing at its highest level in more than a week on Wednesday.
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TOKYO - Japan's Nikkei share average closed lower on Thursday, although it hovered near the session high amid a recovery in broader Asian markets as investors assessed the U.S. Federal Reserve's hints of a pivot on its policy tightening. The Nikkei index ended 0.17% lower at 27,419.61, but hovered close to the day's high of 27,461.97. The broader Topix closed 0.29% weaker at 1,957.32, but held ground near the session's high of 1,960.14.
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SHANGHAI - China and Hong Kong stocks ended higher on Thursday, as the U.S. Federal Reserve softening its tone on future interest rate hikes boosted investor sentiment. China's blue-chip CSI300 Index closed up 1.0%, while the Shanghai Composite Index rose 0.6%.
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AUSTRALIA - Australian shares closed lower on Thursday as investors gauged another quarter-point rate hike by the U.S. Federal Reserve and its reiteration to remain tough on sticky inflation, putting the local central bank's monetary stance under heightened focus. The S&P/ASX 200 index ended 0.7% down at 6,968.60 points, led by losses in miners. The benchmark closed nearly 1% higher on Wednesday. For a full report, click on - - - -
SEOUL - The South Korean won rallied on Thursday after the Federal Reserve's meeting that signalled a pause in further rate hikes by the U.S. central bank. Stocks also rose. The benchmark KOSPI closed up 7.52 points, or 0.31%, at 2,424.48, reversing its early loss of 0.79%. The index hit the highest since March 8. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar headed on Thursday for its longest losing streak in 2-1/2 years after the U.S. Federal Reserve sounded close to calling time on interest rate hikes, while the Swiss National Bank and Bank of England pushed ahead with further rate increases. The dollar index , which measures the currency against six major peers, was last down 0.166% at 102.250, on track for its sixth straight daily drop, its longest such streak since September 2021. For a full report, click on - - - -
SHANGHAI - China's yuan firmed on Thursday as investors were relieved by more dovish comments from the U.S. central bank that reined in expectations for more interest rate hikes, boosting sentiment for the yuan and other Asian currencies. The spot yuan opened at 6.8522 per dollar and was changing hands at 6.8498 at midday, 82 pips stronger than the previous late session close and -0.31% from the midpoint. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand currencies found their footing on Thursday, after markets sensed the end of a great tightening cycle by the Federal Reserve, although they remain vulnerable to risk sentiment amid persistent fears about banking turmoil. The Aussie surged 0.7% to $0.6730 , after a late tumble on Wall Street led to a pullback in the currency from its 2-1/2 week top of $0.6759. It now faces resistance at the 200-day moving average of $0.6760 and has support at $0.6657. For a full report, click on - - - -
SEOUL - The South Korean won rallied on Thursday after the Federal Reserve's meeting that signalled a pause in further rate hikes by the U.S. central bank. Stocks also rose. The Korean won ended onshore trade 2.30% higher at 1,278.3 per dollar, after hitting the highest level since Feb. 15 at 1,276.5. It was the best daily performance since Nov. 11. For a full report, click on - - - -
TREASURIES
NEW YORK - U.S. Treasury yields dipped on Thursday, a day after the Federal Reserve hiked rates by 25 basis points but indicated that it is on the verge of pausing further increases after the recent collapse of two U.S. banks. Benchmark 10-year note yields fell two basis points to 3.477% and two-year yields dropped four basis points to 3.938%. For a full report, click on - - - -
LONDON - Euro zone government bond yields fell on Thursday after the U.S. Federal Reserve raised interest rates by 25 basis points the previous day but signalled they were unlikely to climb much higher given the turmoil in global banking. Germany's 10-year bond yield , seen as a benchmark for the bloc, fell 10 bps to 2.24% on Thursday. It stood at an 11-year high of 2.77% at the start of March. For a full report, click on - - - -
TOKYO - Japanese government bond yields edged lower on Thursday tracking U.S. yields after the Federal Reserve hinted it was on the verge of pausing its rate tightening cycle in view of the current turmoil in the banking sector. The 10-year JGB yield declined 2 basis points (bps) to 0.305% as of 0500 GMT, while benchmark 10-year futures added 0.22 bp to 148.50. For a full report, click on COMMODITIES
GOLD Gold prices extended gains to a second straight session on Thursday, boosted by a slide in the U.S. dollar and Treasury yields after the Federal Reserve signalled an end to its monetary tightening cycle might be on the cards. Spot gold rose 1.3% to $1,994.42 per ounce by 12:57 p.m. ET (1657 GMT), while U.S. gold futures jumped 2.4% to $1,997.40. For a full report, click on - - - -
IRON ORE
Singapore iron ore futures reversed course on Thursday, as a much weaker-than-expected demand for steel dented sentiment. The most-traded May iron ore futures contract on Dalian Commodity Exchange (DCE) ended daytime trading 2.01% lower at 854 yuan ($125.25)a tonne, extending losses for the fourth day in a row and the lowest since February 14. For a full report, click on - - - -
BASE METALS
Copper prices climbed to three-week peaks on Thursday, boosted by a weaker dollar as investors bet on a pause in U.S. interest rates hikes by the Federal Reserve and stronger demand in top consumer China. Benchmark copper on the London Metal Exchange (LME) was up 1.7% at $9,037.5 a tonne at 1703 GMT, having earlier touched its highest since March 2 at $9,047.5 a tonne. For a full report, click on - - - -
OIL
Oil prices edged higher on Thursday days after hitting their lowest since late 2021, supported by rising gasoline prices in the United States and a weaker dollar which fed fuel demand hopes. Brent crude futures rose 15 cents, or 0.2%, to $76.84 a barrel by noon EDT (1600 GMT), while the U.S. West Texas Intermediate crude futures were up by 6 cents, or 0.1%, to $70.96 a barrel For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures slumped to a more than six-month closing low on Thursday tracking losses in rival edible oils, while caution as investors gauged the U.S. Federal Reserve's comments also weighed on sentiment. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 93 ringgit, or 2.54%, to 3,571 ringgit ($808.65) a tonne, hitting its lowest closing since Oct. 4. For a full report, click on - - - -
RUBBER
Japanese rubber futures edged lower on Thursday, as a firmer yen and falling oil
prices dragged the market, while traders braced themselves for more volatility after
Federal Reserve Chair Jerome Powell on Wednesday said the banking industry stress could
trigger a credit crunch
Osaka Exchange's rubber contract for August delivery , finished 0.3
yen, or 0.2%, lower at 204.1 yen ($1.56) per kg.
For a full report, click on - - - -
(Bengaluru Bureau; +91 80 6749 1130)
