Asia Morning Call-Global Markets

Dec 9 (Reuters) -

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** indicates closing price

All prices as of 1827 GMT

EQUITIES

GLOBAL - U.S. Treasury yields rose and the dollar gained against the Japanese yen on Monday as investors assessed the potential impact of a strong earthquake in Japan, while major stock indexes were slightly lower.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 2.64 points, or 0.26%, to 1,008.09.

For a full report, click on MKTS/GLOB

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NEW YORK - Wall Street's main indexes slipped on Monday, as Treasury yields gained and investors treaded cautiously ahead of what could be one of the most divisive Federal Reserve monetary policy decisions in years.

At 11:47 a.m. ET, the Dow Jones Industrial Average .DJI fell 165.88 points, or 0.35%, to 47,789.11, the S&P 500 .SPX lost 22.31 points, or 0.32%, to 6,848.09 and the Nasdaq Composite .IXIC lost 42.24 points, or 0.18%, to 23,535.38.

For a full report, click on .N

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LONDON - European shares ended subdued on Monday, with higher bond yields weighing slightly on the main index, as the week began on a cautious note with investors looking ahead to the U.S. Federal Reserve's monetary policy meeting.

The pan-European STOXX 600 .STOXX was down 0.1% at 578.38 points at close.

For a full report, click on .EU

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TOKYO - Japan's Nikkei share average edged higher on Monday, supported by a pause in recent yen strength and a rebound in property shares, but was held back by sharp declines for heavyweight stock SoftBank Group.

The Nikkei .N225 added 0.2% to 50,581.94, with 177 of its 225 constituents rising versus 48 that fell.

For a full report, click on .T

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SHANGHAI - Chinese stocks advanced on Monday, with insurers and brokers leading gains, as upbeat trade data and top policymakers pledging to support the economy boosted sentiment.

The benchmark Shanghai Composite Index .SSEC closed up 0.5% to 3,924.08, and the blue-chip CSI 300 Index .CSI300 jumped 0.8% to the highest level since November 14.

For a full report, click on .SS

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AUSTRALIA - Australian shares ended slightly lower on Monday, with miners leading losses in a broadly subdued session, as investors treaded carefully ahead of the central bank's rate decision and messaging on monetary policy trajectory.

The S&P/ASX 200 index .AXJO fell 0.1% to 8,624.40 points.

For a full report, click on .AX

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SEOUL - South Korean shares climbed on Monday as investors looked ahead to an anticipated U.S. Federal Reserve interest rate cut later this week. The won strengthened, while the benchmark bond yield also moved higher.

The benchmark KOSPI .KS11 closed up 54.80 points, or 1.34%, at 4,154.85.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar rose on Monday in choppy trading ahead of a week packed with central bank meetings and headlined by the Federal Reserve, where an interest rate cut is all but priced in, but investors braced for signals of a milder easing cycle than expected.

The dollar index was last up 0.2% at 99.18 =USD.

For a full report, click on USD/

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SHANGHAI - China's yuan firmed on Monday, supported by stronger-than-expected exports and signs of easing trade tensions, as investors awaited policy signals from key year-end meetings.

The spot yuan CNY=CFXS opened at 7.0683 per dollar and was last trading at 7.07 as of 0247 GMT, 20 pips firmer than the previous late-session close.

For a full report, click on CNY/

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AUSTRALIA - The Australian dollar was on edge on Monday as traders braced for a widely expected hold decision from its central bank this week but fretted about how hawkish the accompanying commentary would be, sending bond yields to two-year highs.

The Aussie was little changed at $0.6638 AUD=, having gained 1.4% last week to $0.6650, the highest since mid-September.

For a full report, click on AUD/

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SEOUL - The South Korean won strengthened against the U.S. dollar.

The won was quoted at 1,466.9 per dollar on the onshore settlement platform KRW=KFTC, 0.44% higher than its previous close at 1,473.3.

For a full report, click on KRW/

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TREASURIES

NEW YORK - Benchmark U.S. 10-year Treasury yields rose on Monday, with yields picking up steam to the upside, after a powerful earthquake hit Japan and as investors were preparing for the Federal Reserve's next policy announcement.

The yield on the benchmark U.S. 10-year Treasury note US10YT=TWEB rose 4.9 basis points to 4.188% after reaching 4.19%, its highest level since September 26 and was on track for a third straight session of gains.

For a full report, click on US/

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LONDON - Euro zone borrowing costs jumped on Monday as investors scaled back bets on European Central Bank rate cuts after strong economic data and comments from policymaker Isabel Schnabel, who said the next move could be an interest rate hike, though not soon.

Germany's 10-year yield DE10YT=RR, the benchmark for the euro zone, rose 6.5 bps to 2.876%, its highest since March.

For a full report, click on GVD/EUR

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TOKYO - Japanese government bond (JGB) yields rose to fresh multi-year highs on Monday amid rising bets that the Bank of Japan will resume hiking interest rates at its meeting next week.

The 10-year JGB yield JP10YTN=JBTC advanced 0.5 basis point (bp) to 1.955%, the highest since July 2007.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices edged slightly down on Monday as investors stayed cautious ahead of the U.S. Federal Reserve's two-day policy meeting and Chair Jerome Powell's remarks for clues on future monetary policy.

Spot gold XAU= was down 0.1% at $4,191.44 per ounce by 11:25 a.m. ET (16:25 GMT).

For a full report, click on GOL/

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IRON ORE

Iron ore futures slipped on Monday, as sagging demand in top consumer China, along with increasing equipment maintenance and the lack of new stimulus measures from the country's top decision-making body, weighed on sentiment.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trade 1.14% lower at 778.5 yuan ($110.13) a metric ton, its lowest since November 17.

For a full report, click on IRONORE/

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BASE METALS

Copper hit record highs on Monday as concerns about future shortages and top consumer China's pledge to boost domestic demand next year dominated the mood, but a firmer dollar after the start of U.S. trading saw prices retreat.

Benchmark copper on the London Metal Exchange was little changed at $11,622 a metric ton at 1702 GMT, down from an earlier peak of $11,771 a ton, a gain of 30% this year.

For a full report, click on MET/L

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OIL

Oil prices slid 1.5% on Monday as investors weighed ongoing talks to end the war in Ukraine and an expected U.S. Federal Reserve interest rate cut this week.

Brent crude futures LCOc1 were down 93 cents, or 1.46%, at $62.82 a barrel by 11:32 a.m. EDT (1633 GMT), while U.S. West Texas Intermediate crude CLc1 was at $59.17, down 91 cents, or 1.51%.

For a full report, click on O/R

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PALM OIL

Malaysian palm oil futures closed down on Monday, weighed down by weakness in rival Dalian and Chicago soyoil prices due to concerns about the slow pace of Chinese purchases of U.S. soybeans.

The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange fell 58 ringgit, or 1.4%, to 4,094 ringgit ($996.11) a metric ton at the close.

For a full report, click on POI/

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RUBBER

Japanese rubber futures inched higher on Monday, supported by firmer oil prices and expectations that Europe will announce policy support for local automakers, though gains were capped by a stronger yen.

The Osaka Exchange (OSE) rubber contract for May delivery JRUc6, 0#2JRU: was up 2 yen, or 0.61%, at 327.4 yen($2.11) per kg.

For a full report, click on RUB/T

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(Bengaluru Bureau; +91 80 6749 1130)