India Morning Call-Global markets - Reuters

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Wed Dec 12, 2012 10:20pm EST


--------------(8:35 a.m India Time)-----------------------Stock Markets DJIA 13,245.45 -2.99 Nikkei 9,733.73 +152.27NASDAQ 3,013.81 -8.49 FTSE 5,945.85 +20.88S&P 500 1,428.48 +0.64 Hang Seng 22,526.38 +19.57SPI 200 Fut 4,607.00 +11.00 CRB Index 0.00 +0.00Bonds US 10 YR Bond 1.6954 -0.007 US 30 YR Bond 2.8894 -0.006Currencies EUR US$ 1.3061 1.3063 Yen US$ 83.44 83.46Commodities Gold (Lon) 1700.46 Silver (Lon) 32.99 Gold (NY) 1702.1 Light Crude 86.39 ----------------------------------------------------------------Updates with Tokyo and Hong Kong numbers EQUITIES NEW YORK - U.S. stocks ended nearly flat on Wednesday,giving up most of the day's gains after Fed Chairman BenBernanke reiterated that monetary policy won't be enough tooffset damage from the "fiscal cliff." The Dow Jones industrial average slipped 2.99 points,or 0.02 percent, to 13,245.45 at the close. The Standard &Poor's 500 Index inched up just 0.64 of a point, or 0.04percent, to 1,428.48. But the Nasdaq Composite Index shed 8.49 points, or 0.28 percent, to end at 3,013.81. For a full report, double click on - - - - LONDON - Britain's top share index closed at a newnine-month high on Wednesday, led by an energy sector buoyed byhopes that the U.S. Federal Reserve would continue to providestimulus for the world's biggest economy. The FTSE 100 index closed up 20.88 points, or 0.4percent at 5,945.85, its highest close since March. For a full report, double click on - - - - TOKYO - Japan's Nikkei average climbed above 9,700 onThursday for the first time since early April as exporters werebuoyed by a weaker yen on mounting expectations the Bank ofJapan will implement more aggressive monetary easing. The Nikkei was up 1.1 percent at 9,699.13 inmid-morning trade, after hitting a high of 9,706.84. For a full report, double click on - - - - HONG KONG- Shares were set for a flat open on Thursday afterthe benchmark hit a 16-month high in the previous session, withconcern over the U.S. fiscal crisis tempering foreign investors'optimism about China. The Hang Seng index was set to open flat at 22,500.99,while the China Enterprises index of top listed mainlandfirms was indicated to open down 0.1 percent. - - - - FOREIGN EXCHANGE TOKYO-The dollar rose to an 8-1/2-month high against the yenon Thursday as markets expect the Bank of Japan to expand itseasing programme after the U.S. Federal Reserve surprised byexplicitly linking policy to the unemployment rate. The greenback rose to as high as 83.33 yen, its highestsince March 27, with its March high of 84.187 seen as a possiblenext target. For a full report, double click on - - - - TREASURIES NEW YORK - Treasuries prices fell on Wednesday and 30-yearbonds slumped after the Fed said it would shift more purchasesto the five-year sector in a new easing programme, withexpectations the move would boost the economy and thus helpriskier assets such as stocks. Five-year notes fell 1/32 in price to yield 0.643percent, from around 0.636 percent late on Tuesday. Benchmark10-year notes dropped 8/32 to yield 1.685 percent. Thirty-year bonds dropped 30/32 in price toyield 2.89 percent, up from 2.84 percent late on Tuesday. For a full report, double click on - - - - COMMODITIES GOLD SINGAPORE- Gold tumbled more than 1 percent on Thursday onstop-loss selling, after the Fed's announcement of a fresh roundof bond buying pushed prices to their highest in nearly twoweeks. The most-active U.S. gold futures contract lost asmuch as 1.3 percent to $1,695.5 an ounce, while spot gold dropped 1 percent to $1,694.16. For a full report, double click on - - - - BASE METALS SINGAPORE- London copper slipped on Thursday, weighed by adollar recovery after it tumbled in the wake of the Fed'sReserve's announcement that it would keep interest rates nearzero until employment falls to at least 6.5 percent. Three-month copper on the London Metal Exchange fell by 0.61 percent to $8,080.75 a tonne by 0122 GMT, reversingsmall gains seen the previous session. For a full report, double click on - - - - OIL NEW YORK - Oil prices rose sharply on Wednesday, with Brentcrude pushing above $110 a barrel, boosted by Fed's plans formore stimulus and a Texas refinery fire that lifted refinedproducts futures. Brent January crude rose $2.27 to $110.28 a barrelby 1 p.m. EST (18 00 GMT), having swung from $108.14 to $110.50. The Brent January contract expires on Friday and with threeweeks of trading left in 2012, front-month Brent prices need tofinish above $107.38 to post a gain for 2012. For a full report, double click on - - - - (Compiled by Manoj Dharra)
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