Dec 20 (Reuters) -

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** indicates closing price

All prices as of 2007 GMT

EQUITIES

GLOBAL - Wall Street rebounded on Thursday and benchmark U.S. Treasury yields hit their highest level since May as stocks recovered in the wake of the Federal Reserve's hawkish outlook.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 3.70 points, or 0.44%, to 841.74.

For a full report, click on MKTS/GLOB

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NEW YORK - U.S. stocks rose on Thursday, bouncing modestly from a sharp drop in the prior session after the Federal Reserve forecasts fewer-than-expected interest rate cuts and higher inflation next year.

The Dow Jones Industrial Average .DJI rose 235.23 points, or 0.56%, to 42,561.75, the S&P 500 .SPX gained 28.11 points, or 0.48%, to 5,900.05 and the Nasdaq Composite .IXIC gained 99.50 points, or 0.52%, to 19,492.13.

For a full report, click on .N

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LONDON - European stocks fell on Thursday, with the benchmark STOXX recording its biggest single-day drop since early November as investors fled riskier assets after the U.S. Federal Reserve signalled a slower pace of interest rate cuts next year.

The pan-European STOXX 600 index .STOXX closed 1.5% lower, hitting a three-week low, with all the major sub-sectors in the red.

For a full report, click on .EU

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TOKYO - Japan's Nikkei share average narrowed losses on Thursday as the yen weakened following the Bank of Japan's decision to not hike interest rates.

The Nikkei .N225 ended the day 0.69% lower at 38,813.58 after finishing the morning session down 0.96%. The BOJ's announcement came during the trading recess.

For a full report, click on .T

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SHANGHAI - Hong Kong shares ended lower on Thursday after the U.S. Federal Reserve cautioned it would ease the pace of rate cuts next year, while China stocks were mixed.

China's blue-chip CSI300 Index .CSI300 closed up 0.1%, while the Shanghai Composite Index .SSEC dropped 0.4%.

For a full report, click on .SS

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AUSTRALIA - Australian shares are set to fall for the second consecutive session on Friday, with commodity and energy stocks expected to be weighed down by falling commodity prices.

The local share price index futures YAPcm1 fell 0.6%, a 51.2 point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended 1.7% lower on Thursday.

For a full report, click on .AX

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SEOUL - The South Korean benchmark KOSPI .KS11 dropped as much as 2.5% on Thursday, as foreigners sold local shares.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The dollar on Thursday edged back from a two-year peak hit the prior session after the Federal Reserve signaled a much slower pace of rate cuts in 2025, while the yen slid after the Bank of Japan stood pat on rates.

The dollar index =USD was last down 0.23% after jumping more than 1% on Wednesday to 108.25, its highest level since November 2022.

For a full report, click on USD/

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CHINA - China's yuan hovered at a 13-month low and breached a threshold despite strong central bank support, as the dollar's strength remained unwavering after the Federal Reserve turned hawkish on its rate outlook for next year.

By 0342 GMT, the yuan CNY=CFXS was 0.2% lower at 7.2992 to the dollar, 144 pips lower than the previous late session close.

For a full report, click on CNY/

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AUSTRALIA - The Australian and New Zealand currencies hit two-year lows on Thursday after the Federal Reserve signalled a slower pace of U.S. rate cuts in the year ahead, a hawkish turn that sent global stocks plunging, yields spiking and the dollar ascending.

The Aussie AUD=D3 hit a fresh two-year low of $0.6198, having plunged 1.9% overnight to break below a key support level of $0.6271.

For a full report, click on AUD/

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SEOUL - The South Korean won dropped to its weakest level in 15 years on Thursday, weighed down by risk-averse sentiment after the U.S. Federal Reserve's cautious stance on more interest rate cuts, as well as domestic political uncertainty.

The won KRW=KFTC was quoted at 1,448.9 per dollar in onshore trade as of 0518 GMT.

For a full report, click on KRW/

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TREASURIES

NEW YORK - U.S. Treasury yields were mixed on Thursday, with the long end hitting multi-month highs, after another round of generally solid economic data a day after the Federal Reserve flagged a slower pace of easing next year.

The U.S. 10-year yield US10YT=RR hit its highest since late May at 4.57%.

For a full report, click on US/

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LONDON - Euro zone long-dated government bond yields jumped on Thursday, after the Federal Reserve cut interest rates but signalled it would slow the pace of easing in 2025.

Germany's 10-year yield DE10YT=RR, the euro area's benchmark, rose 7 basis points to 2.31%, after touching 2.322%.

For a full report, click on GVD/EUR

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TOKYO - Japanese government bond yields retreated from session peaks on Thursday after Bank of Japan Governor Kazuo Ueda struck a cautious note after the central bank kept interest rates steady.

The 10-year JGB yield JP10YT=JBTC last sat at 1.08% after touching 1.095% earlier in the day.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices edged higher on Thursday, erasing earlier gains after U.S. data reinforced market expectations that the Federal Reserve will take a cautious approach to policy easing in the year ahead.

Spot gold XAU= was up 0.4% at $2,598.20 per ounce as of 01:51 p.m. ET (1851 GMT) and U.S. gold futures GCv1 settled 1.7% lower at $2,608.10.

For a full report, click on GOL/

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IRON ORE

Iron ore futures prices fell on Thursday to their lowest in nearly a month, as concerns about demand prospects in top consumer China and the U.S. Federal Reserve's outlook for interest rate cuts next year weighed on sentiment.

The most-traded May iron ore contract on China's Dalian Commodity Exchange DCIOcv1 ended daytime trade 1.08% lower at 778.5 yuan ($106.66) a metric ton.

For a full report, click on IRONORE/

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BASE METALS

Copper prices fell to a five-week low on Thursday as the dollar jumped to a near two-year high after the U.S. Federal Reserve signalled rates would be cut at a slower pace next year.

Benchmark copper CMCU3 on the London Metal Exchange was down 1.8% at $8,869 a metric ton at 1707 GMT from an earlier $8,869, the lowest since Nov. 14.

For a full report, click on MET/L

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OIL

Oil prices fell on Thursday as central bankers in the U.S., Europe and Asia signalled caution over easing monetary policy, fanning concerns that weak economic activity could dent demand for oil next year.

Brent crude futures LCOc1 fell by 62 cents, or 0.8%, to $72.77 a barrel by 2:12 p.m. EST (1912 GMT)

For a full report, click on O/R

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PALM OIL

Malaysian palm oil futures slipped on Thursday for a fifth straight session, weighed down by uncertainty over Indonesian and U.S. biofuel policies.

The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange closed down 0.38% at 4,512 ringgit ($1,002.00) a metric ton.

For a full report, click on POI/

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RUBBER

Japanese rubber futures declined on Thursday, weighed down by prospects of softer global demand for the commodity, although a weaker yen limited the losses.

The Osaka Exchange rubber contract for May delivery JRUc6, 0#2JRU: closed down 5.1 yen, or 1.37%, at 365.9 yen ($2.34) per kg.

For a full report, click on RUB/T

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(Bengaluru Bureau; +91 80 6749 1130)