Asia Morning Call-Global Markets

Reuters01-12
Asia Morning Call-Global Markets

Jan 12 (Reuters) -

Stock Markets

Net Change

Stock Markets

Net Change

S&P/ASX 200**

8,717.80

-3.00

NZX 50

13,696.25

-20.61

DJIA

49,504.07

237.96

NIKKEI

51,939.89

822.63

Nasdaq

23,671.35

191.33

FTSE

10,124.60

79.91

S&P 500

6,966.28

44.82

Hang Seng

26,231.79

82.48

SPI 200 Fut

7896

-16

STI

3352.89

37.16

SSEC

4,120.43

37.45

KOSPI

4,586.32

33.95

----------------------------------------------------------------------------------------

Bonds

Bonds

JP 10 YR Bond

2.0980

0.0040

KR 10 YR Bond

3.385

0.036

AU 10 YR Bond

4.6810

0.0060

US 10 YR Bond

4.1673

0

NZ 10 YR Bond

4.4380

0.0000

US 30 YR Bond

4.8141

0

----------------------------------------------------------------------------------------

Currencies

SGD US$

0.0000

0

KRW US$

1,457.020

5.17

AUD US$

0.6662

-0.00249

NZD US$

0.5721

-0.001

EUR US$

1.1632

-0.0005

Yen US$

158.0000

0.12

THB US$

31.3400

-0.14

PHP US$

59.1730

0.062

IDR US$

16,795

10

INR US$

90.2150

0.33

MYR US$

4.0700

0.01

TWD US$

31.5950

0.025

CNY US$

6.9784

-0.0051

HKD US$

7.7950

0.0006

----------------------------------------------------------------------------------------

Commodities

Spot Gold

4,496.09

43.45

Silver (Lon)

79.56

3.92

U.S. Gold Fut

4,500.90

40.2

Brent Crude

--

--

Iron Ore

CNY814.5

1.5

TRJCRB Index

--

--

TOCOM Rubber

JPY347.6

- 2.9

LME Copper

12,702

-197.5

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1843 GMT

EQUITIES

GLOBAL - Major stock indexes jumped to record highs and the dollar was also up on Friday after data showed the U.S. economy created fewer jobs than expected in December, which did little to change rate cut expectations from the Federal Reserve this year.

MSCI's gauge of stocks across the globe <.MIWD00000PUS> was up 5.42 points, or 0.53%, at 1,034.87, and hit a record intraday high.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - The S&P 500 rallied to a record high close on Friday, lifted by Broadcom and other chipmakers, while a weaker-than-expected jobs report did little to alter expectations of interest rate cuts from the Federal Reserve this year.

The S&P 500 climbed 0.65% to end the session at 6,966.28 points. The Nasdaq gained 0.82% to 23,671.35 points, while the Dow Jones Industrial Average rose 0.48% to 49,504.07 points.

For a full report, click on .N

- - - -

LONDON - European shares ended Friday at a record high, powered by a surge in Glencore that helped put the STOXX 600 on its longest weekly winning streak since May.

The gains in Glencore helped the STOXX 600 <.STOXX> index climb 1%.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average ended higher on Friday, driven by a surge in mega-cap Uniqlo store operator Fast Retailing on strong earnings.

The Nikkei <.N225> climbed 1.6% to close at 51,939.89.

For a full report, click on .T

- - - -

SHANGHAI -

Mainland China and Hong Kong stocks advanced on Friday, with the Shanghai benchmark topping the psychologically important 4,100 points to a decade high, as investor sentiment improved on signs of easing deflationary pressures.

The blue-chip CSI300 index <.CSI300> added 0.45%, advancing 2.79% for the week.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares ended a subdued week slightly lower on Friday, as early gains in miners faded and a sharp fall in Rio Tinto offset rotation into banks.

The S&P/ASX 200 <.AXJO> fell 3 points to close at 8,717.80. The benchmark ended flat in its first full trading week of the year.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares extended gains and logged a third weekly gain on Friday, led by Hyundai Motor on optimism over earnings growth and a potential deeper tie-up with U.S. chipmaker Nvidia.

The benchmark KOSPI <.KS11> closed up 33.95 points, or 0.75%, at 4,586.32.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar gained on Friday after data showed slower than expected U.S. jobs growth, suggesting the Federal Reserve could leave interest rates unchanged later this month.

The dollar index <=USD> rose 0.25% to 99.13 and was set for the second consecutive week of gains.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan advanced slightly against the dollar on Friday, on track for a seven-week rising streak - the longest since 2020 - as investors headed into the weekend on a cautious note and were reluctant to make any large bets.

The onshore yuan <CNY=CFXS> was trading at 6.9832 per dollar at 0732 GMT, slightly stronger than Thursday's close.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars were on the back foot on Friday as traders positioned for the U.S. payrolls report, the first clean read after the government shutdown, which could help decide how much policy easing will be needed this year.

The Aussie AUD=D3 was flat at $0.6698, having eased 0.3% overnight to mark a second day of declines from the 15-month peak of $0.6766. Resistance is around 67 cents and $0.6705, while support is at $0.6686.

For a full report, click on AUD/

- - - -

SEOUL - The won weakened, while the benchmark bond yield rose on Friday.

The won was quoted at 1,457.6 per dollar on the onshore settlement platform <KRW=KFTC>, 0.40% lower than its previous close at 1,451.8.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - Interest rate sensitive two-year Treasury yields rose on Friday after data showed that jobs growth slowed more than expected in December while the unemployment rate fell, supporting expectations the Federal Reserve would leave interest rates unchanged this month.

The two-year note <US2YT=RR> yield, which typically moves in step with Fed rate expectations, was last up 4.6 basis points on the day at 3.534% and reached 3.543%, the highest since December 23.

For a full report, click on US/

- - - -

LONDON - Euro area benchmark Bund yields edged up on Friday, but were still headed for their steepest weekly decline since October, having pulled back from nine-month highs on the back of soft economic data.

German 10-year yields <DE10YT=RR>, the euro area's benchmark, were up 1.3 basis points on the day at 2.84%, still set for a weekly drop of 5.6 bps.

For a full report, click on GVD/EUR

- - - -

TOKYO -

Most Japanese government bonds fell on Friday, pushing yields higher, as they tracked overnight declines for U.S. Treasuries ahead of eagerly anticipated U.S. payroll data later in the day.

The 10-year JGB yield <JP10YTN=JBTC> added 1.5 basis points (bps) to 2.09%, and are on track to have risen 3 bps this week.

For a full report, click on JP/

COMMODITIES

GOLD -

Gold prices rose on Friday and were on track for a weekly gain, as investors weighed weaker-than-expected U.S. payrolls data along with broader policy and geopolitical uncertainty.

Spot gold <XAU=> was up 0.5% at $4,496.09 per ounce as of 01:31 p.m. ET (1618 GMT), and was set for about 3.9% weekly gain. Bullion hit a record high of $4,549.71 on December 26.

For a full report, click on GOL/

- - - -

IRON ORE -Dalian iron ore futures fell on Friday for a second session, dragged down by higher portside stocks of the key steelmaking ingredient in top consumer China, although expectations of demand improving spurred a weekly gain overall.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) <DCIOcv1> closed daytime trade 0.73% lower at 814.5 yuan ($116.67) a metric ton. The contract has risen 3.23% this week.

For a full report, click on IRONORE/

- - - -

BASE METALS - Copper prices rose on Friday, heading for their fourth week of growth on renewed bets on a future demand boost, while aluminium hit its highest since April 2022.

Benchmark three-month copper on the London Metal Exchange <CMCU3> gained 2.1% to $12,984 a metric ton by 1705 GMT.

For a full report, click on MET/L

- - - -

OIL - Oil prices rose 2% on Friday on growing supply worries linked to intensifying protests in oil-producing Iran and an escalation of attacks in Russia's war in Ukraine.

Brent futures <LCOc1> settled $1.35, or 2.18%, higher to $63.34 per barrel, while U.S. West Texas Intermediate $(WTI)$ crude <CLc1> was up $1.36, or 2.35%, to $59.12.

For a full report, click on O/R

- - - -

PALM OIL - Malaysian palm oil futures fell on Friday on profit taking, but posted a weekly gain on strength in rival edible oils on the Dalian and Chicago exchanges and Indonesia's plan to raise its palm oil export levy.

The benchmark palm oil contract <FCPOc3> for March delivery on the Bursa Malaysia Derivatives Exchange lost 5 ringgit, or 0.12%, to 4,038 ringgit ($992.14) a metric ton at closing.

For a full report, click on POI/

- - - -

RUBBER - Japanese rubber futures fell for the second straight session on Friday, pressured by rising tyre stockpiles in top consumer China and slowing tyre production.

The Osaka Exchange (OSE) rubber contract for June delivery <JRUc6>,<0#2JRU:> closed 2.9 yen, or 0.83%, lower at 347.6 yen ($2.21) per kg.

For a full report, click on RUB/T

- - - -

(Bengaluru Bureau; +91 80 6749 1130)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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