Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** NZX 50** 32.05 6,962.00 6.80 11,612.86
DJIA NIKKEI**
32,455.08 217.55 27,476.87 91.62
Nasdaq FTSE**
11,770.97 -52.99 7,471.77 66.32
S&P 500 Hang Seng**
3,984.17 13.18 19,567.69 -347.99
SPI 200 Fut STI**
7,009.00 17.00 3,239.03 26.39
SSEC** KOSPI**
3,251.40 -14.26 2,409.22 -5.74
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Bonds Bonds
JP 10 YR Bond KR 10 YR Bond
0.304 0.011 3.257 0.049
AU 10 YR Bond US 10 YR Bond
3.301 0.108 3.5223 0.144
NZ 10 YR Bond US 30 YR Bond
4.055 0 3.7524 0.108
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Currencies
SGD US$ KRW US$
1.3314 -0.0007 1,298.75 4.09
AUD US$ NZD US$
0.664 -0.0003 0.6188 -0.0012
EUR US$ Yen US$
1.0794 0.0035 131.65 0.95
THB US$ PHP US$
34.41 0.25 54.14 -0.138
IDR US$ INR US$
15,155 5 82.22 -0.114
MYR US$ TWD US$
4.419 -0.007 30.372 -0.016
CNY US$ HKD US$
6.8785 0.0106 7.8498 0.0006
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Commodities
Spot Gold Silver (Lon)
1,952.636 -24.5812 22.9779 -0.2445
U.S. Gold Fut Brent Crude
1,954.40 -29.4 78.24 3.25
Iron Ore CNY873.50 TRJCRB Index
7 - -
TOCOM Rubber JPY211.5 LME Copper
0.8 8,952.50 13
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** indicates closing price
All prices as of 18:17 GMT
EQUITIES GLOBAL - Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank . The pan-European STOXX 600 index rose 1.08% and MSCI's gauge of stocks across the globe gained 0.28%. For a full report, click on - - - -
NEW YORK - Wall Street's main indexes cut gains on Monday as investors assessed risks to the banking sector following a buyout deal for Silicon Valley Bank's assets, while a rise in Treasury yields pressured rate-sensitive technology and other growth stocks. At 11:45 a.m. ET, the Dow Jones Industrial Average was up 182.40 points, or 0.57%, at 32,419.93, the S&P 500 was up 8.08 points, or 0.20%, at 3,979.07, while the Nasdaq Composite was down 46.01 points, or 0.39%, at 11,777.95. For a full report, click on - - - -
LONDON - European stocks climbed on Monday, as a sense of calm returned to markets following a week of turbulence over concerns about banking sector stability after the collapse of Credit Suisse and two U.S. mid-sized lenders. The pan-European STOXX 600 index rose 1.1%, with investors drawing comfort from news that First Citizens BancShares Inc would acquire Silicon Valley Bank's deposits and loans. For a full report, click on - - - -
TOKYO - Japan's Nikkei index rose for the first time in three days on Monday, with a weaker yen boosting sentiment in the exporter-heavy market, but worries about a global banking crisis weighed on financial shares, capping gains. The Nikkei ended the day 0.33% higher at 27,476.87, and was at one point in the afternoon up at a two-week high of 27,385.25. For a full report, click on - - - -
SHANGHAI - China and Hong Kong stocks fell on Monday, led by Chinese state-owned enterprises and tech shares, as China's industrial profit slump and geopolitical tensions dented sentiment. China's blue-chip CSI300 Index and the Shanghai Composite Index both closed down 0.4%. For a full report, click on - - - -
AUSTRALIA - Australian shares eked out modest gains on Monday, as investors assessed moves made by global authorities to rein in lingering concerns over a turmoil in the global banking system, while a deal for troubled Silicon Valley Bank brought in some relief. The S&P/ASX 200 index finished 0.1% higher at 6,962.0, after gaining as much as 0.5% earlier in the session. For a full report, click on - - - -
SEOUL - South Korean shares fell on Monday as investors maintained a cautious stance over risks in the global banking system even as they assessed moves made by authorities and regulators to rein in worries over the troubled sector. The stock market's benchmark KOSPI fell 5.74 points, or 0.24%, to close at 2,409.22. Despite a strong start, the index posted a second day of losses. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar rose to a two-day high against the Japanese yen on Monday as authorities' efforts to rein in worries over the global banking system helped calm investor nerves. The dollar index , which measures the currency against six rivals, was about flat on the day at 102.97, not far from the near 7-week low of 101.91 touched on Thursday. For a full report, click on - - - -
SHANGHAI - China's yuan weakened on Monday as the U.S. dollar firmed and after data showed a sharp decline in China's industrial profits for January and February. After opening at 6.8730 per dollar, spot yuan was changing hands at 6.8784 at midday, 105 pips weaker than the previous late session close and 0.10% away from the midpoint. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand dollars remained on the defensive on Monday as concerns about a global credit crunch weighed on commodities, while bond yields slid as markets scaled back expectations on official interest rates. The Aussie was holding at $0.6647 , having shed almost 0.9% last week as bank stress hurt risk appetites. Repeated failures to breach the 200-day moving average of $0.6757 have put the focus on support around $0.6625. For a full report, click on - - - -
SEOUL - The won weakened on Monday on foreign net selling of local shares. The won ended onshore trade at 1,301.5 per dollar, 0.55% lower than its previous close at 1,294.3. For a full report, click on - - - -
TREASURIES
NEW YORK - U.S. Treasury yields rose on Monday on greater optimism that stress in the banking sector will be contained and before the Treasury Department will sell short- and intermediate-dated debt. Benchmark 10-year yields rose 12 basis points to 3.498% on Monday. They are up from a six-month low of 3.285% reached on Friday, but remain below a 15-year high of 4.338% from Oct. 21. Two-year yields rose 17 basis points to 3.951%, up from a six-month low of 3.555% on Friday but below the almost 16-year high of 5.084% hit on March 8. For a full report, click on - - - -
LONDON - German government bond yields rose on Monday, going against this month's trend, as fears about banking turmoil eased and traders bet that the European Central Bank will raise interest rates further. Germany's 2-year bond yield , which is highly sensitive to changes in interest rate expectations, was last up 14 basis points (bps) to 2.51%. Bond yields rise when prices fall, and vice versa. For a full report, click on - - - -
TOKYO - Superlong Japanese government bond yields rose on Monday as traders adjusted positions ahead of new supply the following day, although trading was overall quiet in the final week of the country's fiscal year. The 40-year JGB yield rose 4 basis points (bps) to 1.615% as of 0650 GMT, and earlier reached 1.62% for the first time since March 10, with the finance ministry due to auction 40-year securities on Tuesday. For a full report, click on COMMODITIES
GOLD Gold prices fell more than 1% on Monday as worries over a crisis in the banking sector subsided, prompting investors to scale back safe-haven trades in favour of riskier assets like equities and crude oil. Spot gold dropped 1.2% to $1,953.14 per ounce by 10:25 a.m. EDT (1425 GMT). U.S. gold futures fell 1.5% to $1,954.40. For a full report, click on - - - -
IRON ORE
Dalian and Singapore iron ore futures rebounded on Monday from oversold levels, although traders' disappointment particularly over tepid demand for construction steel products in China capped gains. The most-traded May iron ore on the Dalian exchange ended daytime trade 2.2% higher at 873.50 yuan ($127.00) a tonne, after falling for seven straight sessions. For a full report, click on - - - -
BASE METALS
Copper inched higher on Monday as worries about banking sector turmoil eased, but prices remained under pressure as investors braced for a credit squeeze that would restrict economic growth and metals demand. Benchmark copper on the London Metal Exchange (LME) rose 0.4% to $8,952.50 a tonne at 1605 GMT, with U.S. stock markets also firming. For a full report, click on - - - -
OIL
Oil prices rose $2 on Monday after Iraq was forced to halt some crude exports from its semi-autonomous Kurdistan region, with an additional boost from steps to stem a potential banking crisis that could have hit oil demand. Brent crude futures were up $2.27, or 3%, at $77.26 a barrel by 12:50 p.m. ET (16:50 GMT). West Texas Intermediate U.S. crude rose $2.39, or 3.5%, to $71.68. For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures closed higher on Monday, after falling for the last seven consecutive trading days, but weaker rival soyoil capped gains. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange ended up 65 ringgit, or 1.9%, to 3,577 ringgit ($809.46) a tonne. For a full report, click on - - - -
RUBBER
Japanese rubber futures saw their highest daily gains since Jan. 2022 in a rebound
rally on Monday, as traders assessed regulators' attempts to contain risks in the
global financial system.
Osaka Exchange's rubber contract for August delivery , finished
6.5 yen, or 3.2%, higher at 210.5 yen ($1.61) per kg.
For a full report, click on - - - -
(Bengaluru Bureau; +91 80 6749 1130)
