India Morning Call - Global Markets

---------------------------(8:07
a.m.)-------------------------
Stock Markets
DJIA 10,464.40 +30.69 Nikkei 9,445.36
+3.72
NASDAQ 2,176.05 +6.87 FTSE 5,364.81
+40.85
S&P 500 1,110.63 +4.98 Hang Seng 22,461.06
-150.74
CRB Index 278.41 +6.15
Bonds
AU 10 YR Bond 94.610 +0.015 US 10 YR Bond 3.270
-0.035
NZ 10 YR Bond 6.010 -0.005 US 30 YR Bond 4.229
-0.018
Currencies
EUR US$ 1.5104 1.5108 Yen US$ 87.33
87.39
INR US$ 46.21 46.22
Commodities
Gold (Lon) 1179.75 Silver (Lon) 18.630
Gold (NY) 1168.90 Light Crude 77.89
____________________________(Nov
26)____________________________

Overnight market action. Updates to Thursday midsession
Tokyo, Hong Kong open.

EQUITIES

NEW YORK - U.S. stocks rose in light trading volume on
Wednesday, supported by data that pointed to stabilization in
the labor and housing markets, areas that have fed concerns
about a "double dip" recession.

Trading volume was among the lightest of the year one day
before the Thanksgiving holiday, with many senior traders
absent from trading floors. Even so, the Dow industrials and
the S&P 500 edged to fresh 13-month highs.

The Dow Jones industrial average .DJI gained 30.69
points, or 0.29 percent, to end at 10,464.40. The Standard &
Poor's 500 Index .SPX rose 4.98 points, or 0.45 percent, to
1,110.63. The Nasdaq Composite Index .IXIC advanced 6.87
points, or 0.32 percent, to close at 2,176.05.

For a full report, double click on [.N]

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LONDON - A flurry of U.S. economic data and a rebound in
metals prices helped push Britain's top share index to a higher
close on Wednesday, with Compass Group (CPG.L) topping the
blue-chip gainers list after results.

The FTSE 100 .FTSE ended up 40.85 points, or 0.8 percent
at 5,364.81, following a 0.6 percent decline on Tuesday.

For a full report, double click on [.L]

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TOKYO - The Nikkei average was flat on Thursday, with metal
stocks gaining after gold prices hit record highs, but
exporters were dragged lower as the yen firmed to near 14-year
highs against the dollar.

The benchmark gained ground after it quickly returned to a
level above its 200-day moving average which prompted
short-covering, an analyst said.

It earlier hit a four-month low as worries about Japan's
deflationary economy weighed on sentiment.

In moderate trade, the benchmark Nikkei .N225 edged up
3.72 points to 9,445.36. It earlier fell as low as 9,324.99,
its lowest level since mid-July and below its 200-day moving
average of around 9,360.

The broader Topix .TOPX was also flat at 833.73.

For a full report, double click on [.T]

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HONG KONG - Hong Kong stocks are set to open down 0.14
percent on Thursday on the back of weaker overseas markets,
while the tepid debut of China Minsheng Banking Corp (1988.HK)
could weigh on sentiment for battered banking shares.

China Minsheng, the country's seventh-largest listed bank,
fell 0.3 percent on its first trading day. The benchmark
Hang Seng Index .HSI was set to open down 31.55 points at
22,580.25.

The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks was set to fall 0.20 percent to
13,419.02.

For a full report, double click on [.HK]

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar slid to a fresh 15-month low against
a basket of currencies on Wednesday as upbeat data on weekly
jobless claims, consumer spending and new home sales bolstered
the outlook for the U.S. economy.

The euro EUR= hit a 15-month high at $1.5096 according to
Reuters data, and was last up 0.8 percent at $1.5088.

The ICE Futures dollar index .DXY, which measures its
performance against a basket of six currencies, fell to 74.399,
a 15-month low. It last traded at 74.517, down 0.7 percent.

For a full report, double click on [USD/]

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TREASURIES

NEW YORK - U.S. Treasury debt prices pared losses on
Wednesday following a strong auction of $32 billion in
seven-year notes.

Benchmark 10-year Treasury notes US10YT=RR were trading
1/32 lower in price to yield 3.31 percent, while the 30-year
Treasury bond US30YT=RR was 16/32 lower to yield 4.28 percent
from 4.25 percent.

For a full report, double click on [US/]

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COMMODITIES

GOLD

NEW YORK - COMEX December gold GCZ9 up $19.30, or 1.7
percent, at $1,185.10 an ounce at 11:58 a.m. EST (1658 GMT) on
the NYMEX.

Spot gold XAU= at $1,184.80 an ounce, compared with
$1,168.90 late in the previous session in New York. London's
afternoon gold fix XAUFIX= at $1,179.75 an ounce.

For a full report, double click on [GOL/]

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BASE METALS

LONDON - Copper climbed towards a 14-month high on
Wednesday due to the falling dollar but rising inventories
highlighting weak underlying demand kept a lid on prices.

Copper MCU3 for three-months delivery on the London Metal
Exchange ended the day at $6,985 a tonne, after rising to a
session high of $6,995 a tonne and versus $6,870 a tonne at the
close on Tuesday.

For a full report, double click on [MET/L]

- - - -

OIL

NEW YORK - Crude oil prices rose over $77 a barrel on
Wednesday, supported by lower-than-expected builds in U.S. oil
inventories last week, a weak U.S. dollar and gains on Wall
Street.

U.S. crude for January CLc1 rose $1.83 to $77.85 a barrel
by 2:03 p.m. EDT (1903 GMT). Brent crude LCOc1 climbed $2.09
to $78.55.

For a full report, double click on [O/R]

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((Compiled by Harish Nambiar; Reuters
Messaging:harish.nambiar.reuters.com@reuters.net; 91 22 6636
9057)) ((If you have a query or comment on this story, send an
email to news.feedback.asia@thomsonreuters.com))