May 30, 2013 / 3:12 AM / 4 years ago

India Morning Call-Global markets

-----------------------(0830 a.m. India time)------------------
    
                              LEVEL   NET/CLOSE  PCT/YIELD
 DJIA                       15302.8     -106.59      -0.69
 S&P 500                    1648.36       -11.7       -0.7
 FTSE                       6627.17     -134.84      -1.99
 MSCI Asia-Pac Ex-JP         464.91       -1.99      -0.43
                                                 
 Nikkei                    13932.92     -393.54      -2.75
 Euro                        1.2956      1.2938           
 Japanese Yen                101.17      101.13           
 U.S. Crude                   93.17        0.04           
 Brent                       102.65        0.22           
 Gold                       1394.96     1392.45           
 Silver                       22.49       22.48           
 Copper-LME                  7231.5       -33.5      -0.46
 UST 10-YR                96.578125                 2.1332
 UST 30-YR                 92.46875                 3.2738
   Updates with the latest figures

    EQUITIES
    NEW YORK - U.S. stocks fell on Wednesday as high-yielding
dividend stocks lost some of their lustre after recent gains in
U.S. Treasury bond yields.
    The Dow Jones industrial average slid 106.59 points,
or 0.69 percent, to close at 15,302.80. The Standard & Poor's
500 Index dropped 11.70 points, or 0.70 percent, to
finish at 1,648.36. The Nasdaq Composite Index fell
21.37 points, or 0.61 percent, to end at 3,467.52.
    For a full report, double click on 
    - - - - 
    LONDON - Britain's top shares fell on Wednesday as investors
took profits after the previous session's sharp gains on concern
the U.S. central bank might soon scale back its bond purchase
programme that has bolstered equities. 
   The FTSE 100 closed down 134.84 points, or 2 percent,
at 6,627.17, having gained 1.6 percent on Tuesday on pledges of
continued monetary stimulus from major central banks, though is
still up more than 3 percent this month. 
    For a full report, double click on 
    - - - - 
    TOKYO - The Nikkei share average fell more than 3 percent to
break below 14,000 on Thursday morning as the dollar dropped to
its lowest level against the yen in nearly three weeks,
triggering a sell-off in exporters. 
    The benchmark Nikkei fell 3.0 percent to 13,949.05
in mid-morning trade after dropping as low as 13,879.93. 
    Exporters came under early selling pressure after the dollar
 dropped as low as 100.585 yen in early Asia, its
lowest level since May 10.  
    For a full report, double click on 
    - - - -
    HONG KONG - Hong Kong shares are set to start flat on
Thursday, with strength in Chinese resource-related counters
offset by losses in high yielding counters on lingering concerns
that the U.S. Federal Reserve may taper monetary stimulus. 
  The Hang Seng Index was set to open flat at 22,562.5
points. The China Enterprises Index of the leading
Chinese listings in Hong Kong was indicated to start up 0.1
percent. 
    For a full report, double click on 
    - - - -
    FOREIGN EXCHANGE 
    TOKYO - The dollar remained under pressure in early Asian
trading on Thursday, after tumbling more than one percent
against the yen in the previous session, on growing expectations
that the U.S. Federal Reserve will maintain its stimulus for the
time being.     
   The dollar fell 0.2 percent to 100.900 yen after
sinking as low as 100.585 yen on the EBS trading platform, its
lowest level since May 10 and well below a 4-1/2 year high of
103.73 yen set on May 22.  
    For a full report, double click on 
    - - - - 
    TREASURIES 
    NEW YORK - U.S. Treasury debt prices gained on Wednesday
after expectations that the Federal Reserve could pare back its
massive stimulus pushed yields to 13-month highs in early
trading. 
    Solid demand at an auction of five-year debt underscored how
much Treasuries have cheapened in recent sessions, with the sale
of $35 billion coming at a high yield of 1.045 percent, close to
market expectations.  
    For a full report, double click on 
    - - - - 
    COMMODITIES 
    GOLD
    SINGAPORE - Gold ticked lower on Thursday on fears the U.S.
Federal Reserve could soon scale back its bullion-friendly bond
buying programme, but tight supply in the physical market could
offer some support to prices. 
    Gold slipped $1.89 an ounce to $1,390.56 by 0036 GMT,
having risen around 1 percent in the previous session as a
dollar drop and softer equities triggered physical buying.
    U.S. gold was at $1,390.10 an ounce, down $1.20
    For a full report, double click on 
    - - - - 
    BASE METALS
    SINGAPORE - London copper pulled back on Thursday on fears
the United States could start curbing its monetary stimulus
programme earlier than expected, dimming the demand outlook for
metals.
    Three-month copper on the London Metal Exchange had
slipped 0.42 percent to $7,234 a tonne by 0102 GMT, extending
losses of almost 1 percent from the previous session.
    For a full report, double click on 
    - - - - 
    OIL
    NEW YORK - Oil futures slid nearly 2 percent on Wednesday,
as U.S. equity markets slid lower and investors worried about an
uncertain demand outlook for the global economy following weak
growth forecasts for China. 
   On Wall Street, U.S. stock indexes fell from recent record
levels, down more than 1 percent at the session low but with
more modest declines at the close. The drop followed a sudden
surge in yields on U.S. Treasuries, on expectations that the Fed
will begin to reduce its bond-buying stimulus program as the
U.S. economy improves.  
     For a full report, double click on 
    - - - -

 (Compiled by Abhishek Vishnoi)

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