Asia Morning Call-Global Markets

Reuters
10 Mar
Asia Morning Call-Global Markets

March 10 (Reuters) -

Stock Markets

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

7948.2

-146.5

NZX 50**

12399.78

−29.06

DJIA

42801.72

222.64

NIKKEI**

36887.17

-817.76

Nasdaq

18196.221

126.966

FTSE**

8679.88

-2.96

S&P 500

5770.2

31.68

Hang Seng**

24231.3

-138.41

SPI 200 Fut

8011

69

STI**

3914.48

-2.58

SSEC**

3372.5458

-8.5525

KOSPI**

2563.48

-12.68

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

Bonds

Bonds

JP 10 YR Bond

1.52

0.005

KR 10 YR Bond

10250.18

14.35

AU 10 YR Bond

92.537

-0.277

US 10 YR Bond

102.65625

-0.21875

NZ 10 YR Bond

98.661

-0.039

US 30 YR Bond

100.640625

-0.4375

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

Currencies

SGD US$

1.3306

0

KRW US$

1449.00

1.66

AUD US$

0.6299

-0.0006

NZD US$

0.5715

0.001

EUR US$

1.0832

0.0049

Yen US$

148.03

0.08

THB US$

33.58

-0.09

PHP US$

57.457

0.151

IDR US$

16290

-35

INR US$

87.1000

0.089

MYR US$

4.4120

-0.013

TWD US$

32.837

0.01

CNY US$

7.2340

-0.0128

HKD US$

7.7706

0.0005

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

Commodities

Spot Gold

2911.48

1.49

Silver (Lon)

32.5274

-0.0957

U.S. Gold Fut

2923.9

-2.1

Brent Crude

70.36

0.9000

Iron Ore

CNY774

1

TRJCRB Index

-

-

TOCOM Rubber

JPY346.1

-3.6

LME Copper

9602

-132

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

** indicates closing price

All prices as of 1813 GMT

EQUITIES

GLOBAL - Stock indexes rose on Friday after Federal Reserve Chair Jerome Powell said the U.S. economy continues to be in a good place and it remains to be seen if the Trump administration's tariff plans will prove to be inflationary, while U.S. 10-year Treasury yields also turned higher.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 1.72 points, or 0.20%, to 852.10.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - U.S. stocks finished higher on Friday, rebounding from early declines after Federal Reserve Chair Jerome Powell said the economy was "in a good place," but uncertainty about U.S. trade policy led to Wall Street's biggest weekly decline in months.

The Dow Jones Industrial Average .DJI rose 222.64 points, or 0.52%, to 42,801.72, the S&P 500 .SPX gained 31.68 points, or 0.55%, to 5,770.20 and the Nasdaq Composite .IXIC gained 126.97 points, or 0.70%, to 18,196.22.

For a full report, click on .N

- - - -

LONDON - European shares closed Friday lower, as investors grappled with whipsaw changes in U.S. trade policy throughout the week and digested a slightly softer than expected U.S. jobs report earlier in the day.

The pan-European STOXX 600 .STOXX was down 0.7% for the week, and snapped a 10-session winning streak, its longest since early 2024.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average fell more than 2% to end at a six-month low on Friday, as technology stocks tracked Wall Street declines and a stronger yen weighed on exporters.

The Nikkei .N225 closed down 2.17% at 36,887.17, its lowest close since September 18, after touching 36,813.62 during the session, also its lowest intraday level since that day.

For a full report, click on .T

- - - -

SHANGHAI - Hong Kong stocks slipped on Friday but ended the week near their highest level in three years, as investors' enthusiasm towards artificial intelligence continued to fuel the market. China stocks fell on disappointing trade data.

China's blue-chip CSI300 Index .CSI300 and the Shanghai Composite Index .SSEC both shed around 0.3%.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares dipped below the psychologically crucial 8,000 level for the first time in six months on Friday, as richly-valued banking stocks were hammered amid growing uncertainties around global trade and growth.

The S&P/ASX 200 index .AXJO slid 1.8% to 7,948.20 points, closing below the 8,000 mark for the first time since mid-September 2024.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares fell on Friday tracking overnight losses in Wall Street amid concerns around U.S. tariffs, but still ended the week with a gain.

The benchmark KOSPI .KS11 dropped 12.68 points, or 0.49%, to close at 2,563.48.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The euro was set for its best week in 16 years against the dollar on Friday, boosted by Germany's game-changing fiscal reforms, while worries over growth and tariffs drove the greenback to a four-month low ahead of U.S. jobs data.

The U.S. dollar index =USD has fallen more than 3.5% this week to its lowest since early November.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan eased slightly against the dollar on Friday despite the pullback in the greenback, as uncertainties surrounding U.S. tariffs and their looming impact on China exports kept investors nervous.

As of 0323 GMT, the yuan CNY=CFXS was 0.08% lower at 7.2478 to the dollar after trading in a range of 7.2450 to 7.2535.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars were mostly steady ahead of U.S. payrolls on Friday, with much of their hefty gains this week dependant on whether the data can alleviate economic concerns in the U.S. amid an uncertain tariff rollout.

The Aussie AUD=D3 slipped 0.2% to $0.6320, having been mostly flat overnight. It is set for a weekly gain of 1.8%, with resistance at the 2025 high of $0.6408 and support around 63 cents.

For a full report, click on AUD/

- - - -

SEOUL - The won was quoted at 1,446.5 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.05% lower than Thursday's close at 1,445.8.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. 10-year Treasury yields rose on Friday, reversing earlier declines after comments from Federal Reserve Chair Jerome Powell indicated the central bank could be patient in determining when to cut interest rates.

The yield on the benchmark U.S. 10-year Treasury note US10YT=TWEB rose 3.8 basis points (bps) to 4.32%. For the week, the 10-year yield is up about 9 bps, on track to snap a five-week streak of declines.

For a full report, click on US/

- - - -

LONDON - A sharp sell-off in euro zone government bonds abated on Friday, after the biggest two-day fall in Bunds since the 1970s on the back of Germany's plans to completely rewrite its fiscal rules.

Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone bloc, fell 5.5 basis points (bps) to 2.83%.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japan's 10-year government bond (JGB) yield retreated from a 16-year high on Friday, while yields on super-long dated bonds tracked soaring German bund yields higher on Berlin's plans for a massive spending package.

The 10-year JGB yield JP10YTN=JBTC fell 0.5 basis point (bp) to 1.51%, after hitting 1.53%, its highest level since June 2009 earlier in the session.

For a full report, click on JP/

COMMODITIES

GOLD - Gold prices eased on Friday but were poised for a weekly gain due to safe-haven inflows and a U.S. jobs report revealing lower-than-expected job growth in February, suggesting that the Federal Reserve is on track to cut interest rates this year.

Spot gold XAU= fell 0.1% to $2,906.04 an ounce as of 01.46 p.m. (1846 GMT).

For a full report, click on GOL/

- - - -

IRON ORE - Dalian iron ore futures logged a weekly fall on Friday, despite snapping a nine-session losing streak on the day, weighed down by reports of steel production cuts in China and an intensifying trade war between Washington and Beijing.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 added 0.19% to 774 yuan ($106.81) a metric ton. The contract fell 3.49% this week.

For a full report, click on IRONORE/

- - - -

BASE METALS - Copper prices slid on Friday on weak trade data from top metals consumer China, selling by miners and as investors reduced positions amid volatile changes in U.S. tariff policy.

Benchmark three-month copper on the London Metal Exchange $(LME.AU)$ CMCU3 dropped 1.7% to $9,572 a metric ton by 1720 GMT, while U.S. Comex copper futures HGc3 lost 2.6% to $4.68 a lb.

For a full report, click on MET/L

- - - -

OIL - Oil prices gained on Friday but retreated from session highs after U.S. President Donald Trump threatened sanctions on Russia if it fails to reach a cease-fire with Ukraine.

Brent crude futures LCOc1 settled at $70.36 a barrel, up 90 cents, or 1.3%.

For a full report, click on O/R

- - - -

PALM OIL - Malaysian palm oil futures closed sharply higher on Friday and posted a 1.6% weekly gains amid fears of production cuts at key palm oil areas in Malaysia.

The benchmark palm oil contract FCPOc3 for May delivery on the Bursa Malaysia Derivatives Exchange added 147 ringgit, or 3.28%, to close at 4,627 ringgit ($1,048.73) a metric ton.

For a full report, click on POI/

- - - -

RUBBER - Japanese rubber futures declined on Friday and posted weekly losses amid a strengthening yen and tit-for-tat tariffs between the U.S. and top consumer China, outweighing off-season supply concerns.

The Osaka Exchange's (OSE) August rubber contract JRUc6, 0#2JRU: closed down 3.7 yen, or 1.05%, at 349.7 yen ($2.37) per kg. The contract lost 2.97% this week.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10