Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** NZX 50** -45.71 7,223.00 45.20 11,838.79
DJIA 33,542.21 268.06 NIKKEI** 28,188.15 146.67
Nasdaq FTSE**
12,108.24 -113.67 7,673 41.26
S&P 500 4,108.09 -1.22 Hang Seng**
20,409.18 9.07
SPI 200 Fut STI**
7,241.00 -6.00 3,281.08 22.18
SSEC** KOSPI**
3,296.40 23.54 2,472.34 -4.52
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Bonds Bonds
JP 10 YR Bond KR 10 YR Bond
0.374 -0.002 3.392 0.059
AU 10 YR Bond US 10 YR Bond
3.254 -0.065 3.432 -0.058
NZ 10 YR Bond US 30 YR Bond
4.138 0 3.6395 -0.049
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Currencies
SGD US$ KRW US$
1.3275 -0.0038 1,312.59 6.48
AUD US$ NZD US$
0.6779 0.0092 0.6282 0.0026
EUR US$ Yen US$
1.0889 0.005 132.35 -0.44
THB US$ PHP US$
34.18 0.02 54.551 0.285
IDR US$ INR US$
14,965 -25 82.2 0.04
MYR US$ TWD US$
4.417 0.007 30.454 -0.007
CNY US$ HKD US$
6.877 0.0025 7.8499 0.0004
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Commodities
Spot Gold Silver (Lon)
1,984.88 16.98 23.8886 -0.1844
U.S. Gold Fut 2,003.60 Brent Crude
17.4 84.76 4.87
Iron Ore CNY890.5 TRJCRB Index
-16.5 - -
TOCOM Rubber JPY212.3 LME Copper 8,909.50
-1.5 -85
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** indicates closing price
All prices as of 18:15 GMT
EQUITIES GLOBAL - Oil prices were up sharply on Monday after Saudi Arabia and other OPEC+ producers announced unexpected production cuts, and gains in energy shares helped to limit declines in some world stock indexes. The pan-European STOXX 600 index lost 0.01% and MSCI's gauge of stocks across the globe gained 0.15%. For a full report, click on - - - -
NEW YORK - The S&P 500 and the Nasdaq fell on Monday as rising oil prices rekindled concerns that the U.S. Federal Reserve will stick to its rate-hike campaign for longer to temper inflation, while a slump in Tesla shares also pressured the benchmark index. At 11:30 a.m. ET, the Dow Jones Industrial Average was up 180.90 points, or 0.54%, at 33,455.05, the S&P 500 was down 4.57 points, or 0.11%, at 4,104.74, and the Nasdaq Composite was down 111.35 points, or 0.91%, at 12,110.55. For a full report, click on - - - -
LONDON - European shares were subdued on Monday, after ending a volatile quarter higher, while Britain's commodity-heavy FTSE 100 rallied as oil heavyweights jumped after a surprise announcement by OPEC+ to cut production further lifted crude prices. The pan-European STOXX 600 index was flat on the first trading session of the new quarter, as a jump in oil prices stoked fears of persistent inflation. For a full report, click on - - - -
TOKYO - Japanese stocks closed higher on Monday, tracking Wall Street's strength at the end of last week, underpinned by gains in energy-related shares after oil prices jumped on a surprise production cut by OPEC+. The Nikkei share average rose 0.52% to close at 28,188.15, while the broader Topix climbed 0.71% to 2,017.68. For a full report, click on - - - -
SHANGHAI - Property developers and technology firms lifted China stocks on Monday, while Hong Kong shares closed almost flat, after surprise output cuts by Saudi Arabia and other OPEC+ oil producers added to worries about global inflation. China's blue-chip CSI 300 Index climbed 1% at close and the Shanghai Composite Index added 0.7%. For a full report, click on - - - -
AUSTRALIA - Australian shares closed at a three-week high on Monday, ahead of the Reserve Bank of Australia's (RBA) high-stakes policy meeting on Tuesday that will shed light on whether the central bank ups interest rates further or favours a pause. The S&P/ASX 200 index ended 0.6% higher at 7,223.00 points. The benchmark rose 0.8% on Friday. For a full report, click on - - - -
SEOUL - South Korean shares snapped a four-day rally on Monday, as a surprise decision by OPEC+ to cut oil production sparked inflation worries.
The benchmark KOSPI closed down 4.52 points, or 0.18%, at 2,472.34, after swinging between gains and losses. For a full report, click on - - - -
FOREIGN EXCHANGE NEW YORK - The dollar dropped on Monday, surrendering earlier gains following the announcement of unexpected oil output cuts from OPEC+, after data showed the U.S. economy continued to slow with the decline in manufacturing and construction spending. The dollar index , which measures the currency against a basket of six currencies including the euro, was down 0.8% at 102.14. For a full report, click on - - - -
SHANGHAI - China's yuan weakened on Monday, as disappointing factory activity data weighed on market sentiment and a surprise oil output cut by OPEC+ producers revived fears over inflation and the risk of U.S. interest rates staying higher for longer. The spot yuan opened at 6.8800 per dollar and was changing hands at 6.8935 at midday, 190 pips weaker than the previous late session close and 0.19% weaker than the midpoint. For a full report, click on - - - -
AUSTRALIA - The Australian and New Zealand dollars drifted down on Monday ahead of a high-stakes policy meeting from the Reserve Bank of Australia, with markets wagering on the first pause after 10 straight interest rate hikes. The Aussie slipped 0.3% to $0.6665 , after finishing the first quarter down 2%. Support lies at $0.6662 and $0.6625, with resistance around the 200-day moving average of $0.6752. For a full report, click on - - - -
SEOUL - The Korean won dropped more than 1% on Monday, while the benchmark bond yield rose. The won ended onshore trade 1.11% lower at 1,316.5 per dollar, after falling as much as 1.45% to a three-week low of 1,321.1. For a full report, click on - - - -
TREASURIES
NEW YORK - Treasury yields retreated on Monday after data showed U.S. manufacturing activity slumped to the lowest level in nearly three years, driving up expectations that the Federal Reserve will be forced to cut interest rates as the economy slows. The yield on two-year Treasury notes, which typically moves in step with interest rate expectations, fell 6.8 basis points to 3.994% after the Institute for Supply Management (ISM) said new orders continued to contract. For a full report, click on - - - -
LONDON - Euro zone government bond yields fell on Monday after data showed the U.S. manufacturing sector weakened dramatically in March. The German 2-year bond yield , which is highly sensitive to changes in interest rate expectations, was last down 4 bps to 2.662%. Yields move inversely to prices. For a full report, click on - - - -
TOKYO - Japan's 10-year government bond yield jumped to a more than three-week high on Monday, as investors were cautious about the outcome of an auction of government bonds with the same maturity in the next session. The 10-year JGB yield rose 4.5 basis points (bps) to 0.365%, its highest since March 10, and marked the biggest daily jump since March 22. For a full report, click on COMMODITIES
GOLD Gold rallied 1% on Monday as the dollar's retreat burnished bullion's appeal as a safe-haven after a surprise output cut by OPEC+ rekindled fears of prolonged inflation and triggered uncertainty about the central bank response. Spot gold gained 0.9% to $1,985.76 per ounce by 11:00 a.m. EDT (15:00 GMT). U.S. gold futures gained 0.9% to $2,003.60. For a full report, click on - - - -
IRON ORE
Dalian and Singapore iron ore futures dropped on Monday, as traders worried about further government intervention in the market after last week's rally. The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) ended daytime trading 2.04% lower at 890.5 yuan($129.27) a tonne, the lowest since March 29 following a near 5% jump in the past week. For a full report, click on - - - -
BASE METALS
Copper prices eased on Monday as higher oil prices stoked fears about inflation and higher interest rates in the United States and as manufacturing activity in top consumer China stalled. Copper on the London Metal Exchange (LME) was down 0.9% at $8,909.50 a tonne at 1613 GMT. For a full report, click on - - - -
OIL
Oil prices jumped by more than 6% on Monday, headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more production. Brent crude was up $4.91, or 6.2%, at $84.80 a barrel by 1 p.m. EDT (1700 GMT) after touching its highest since March 7 at $86.44. For a full report, click on - - - -
PALM OIL
Malaysian palm oil futures finished more than 3% higher on Monday, in the market's biggest rise in two months, as a rally in crude oil lifted prices after Saudi Arabia and other OPEC+ producers announced a surprise cut in their output target. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange climbed 124 ringgit, or 3.3%, to 3,885 ringgit ($879.56) a tonne, peaking at 3,919 ringgit, or 4.2% higher, earlier in the session. For a full report, click on - - - -
RUBBER
Japanese rubber futures climbed for a third consecutive session on Monday,
supported by higher crude prices, even as faltering factory activity growth in top
buyer China weighed on demand sentiment.
Osaka Exchange's rubber contract for September delivery , finished
3.8 yen, or 1.8%, higher at 213.8 yen ($1.60) per kg.
For a full report, click on - - - -
(Bengaluru Bureau; +91 80 6749 1130)
