India Morning Call-Global markets

Wed Oct 30, 2013 11:10pm EDT

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----------------------(0830 a.m. India time)------------------
            LEVEL        NET/CLOSE    PCT/YIELD
DJIA        15618.76    -61.59        -0.39
S&P 500    1763.31    -8.64        -0.49
FTSE        6777.7        2.97        0.04
MSCI Asia-Pac Ex-JP 
       481.77        -1.5        -0.31
Nikkei    14471.8    -30.55        -0.21
Euro        1.3726        1.3735    
Japanese Yen    98.45        98.49    
U.S. Crude    96.59        -0.18    
Brent        109.56        -0.3    
Gold        1338.11    1342.19    
Silver        22.38        22.64    
Copper-LME    7246.25    -43.75        -0.6
UST 10-YR 99.6875            2.536
UST 30-YR 99.765625            3.6395

    Updates with latest figures
 
    EQUITIES
    NEW YORK - U.S. stocks fell on Wednesday, with the S&P 500
snapping a four-day streak of gains after the Federal Reserve
said it had a weaker growth outlook for the economy, even as it
held steady with its stimulus program for the time being.
    Trading was volatile following the release of the statement,
with the major U.S. stock indexes cutting losses to turn flat
and dropping to session lows. Almost 70 percent of stocks on
both the New York Stock Exchange and Nasdaq declined, while all
10 S&P 500 sector indexes fell.
    For a full report, double click on 
    - - - -
    LONDON - Britain's top shares edged to a new five-month high
on Wednesday, boosted by good earnings from the likes of Next
 but suffering in later trade from profit-taking ahead of
a U.S. Federal Reserve policy decision.
    Britain's second-biggest clothing retailer rose 4.7 percent
after it raised its 2013 profit guidance and third-quarter sales
came in a touch above expectations.
    For a full report, double click on 
    - - - -
    TOKYO - Japan's Nikkei share average pulled back from a
one-week high on Thursday morning on earnings concerns, with
blue-chips Toshiba Corp and Honda Motor Co Ltd 
coming under pressure after reporting quarterly results.
    Honda lost 1.5 percent as investors were disappointed that
the automaker kept its operating profit target for the year to
next March unchanged at 780 billion yen ($7.95 billion). That
compared with a consensus forecast of 827.9 billion yen from 23
analysts. 
    For a full report, double click on 
    - - - -
    HONG KONG - HK'S Hang Seng index to open down 0.7
percent.
    For a full report, double click on 
    - - - -
    FOREIGN EXCHANGE
    SYDNEY - The dollar hovered near a two-week high against a
basket of major currencies on Thursday, after extending gains
when the Federal Reserve mollified jumpy markets and kept its
massive bond-buying stimulus in place.
    Some investors had been taking profits on very bearish
dollar positions leading up to the Oct 29-30 policy meeting.
They continued to do so after the Fed's comments suggested it
was less alarmed over the state of the economy than some had
anticipated..
    For a full report, double click on 
    - - - -
    TREASURIES
    NEW YORK - U.S. Treasuries prices traded down on Wednesday
as Federal Reserve policymakers said downside risks to the
economy had lessened, a more hawkish observation than markets
had expected.
    Concluding a two-day meeting, the Fed extended its
$85-billion-per-month bond buying program in a continued bid to
prop up the world's biggest economy.
    For a full report, double click on 
    - - - -
    COMMODITIES
    GOLD
    SINGAPORE - Gold slipped on Thursday despite the U.S.
Federal Reserve vowing to support the economy through stimulus
measures, with investors taking profits from a recent run-up in
prices.
    The metal had risen about 8 percent since hitting a
three-month low on Oct. 15 in anticipation of the Fed's move,
leading to a price correction on Wednesday after a statement
from the bank came in line with expectations.
    For a full report, double click on 
    - - - -
    BASE METALS
    SINGAPORE - London copper fell on Thursday after the U.S.
Federal Reserve's latest outlook was seen as less dovish than
some had expected, while fragile global growth and improving
supply put the metal on track for its first monthly loss in
four.
    Three-month copper on the London Metal Exchange 
slipped by 0.5 percent to $7,255 a tonne by 0137 GMT, paring
gains from the previous session when it climbed 1.2 percent.
    For a full report, double click on 
    - - - - 
    OIL
    NEW YORK - U.S. oil futures extended their move lower for a
second consecutive day on Wednesday after government data showed
large inventory builds, further widening the domestic oil's
discount to international benchmark Brent.
    Disruptions to Libyan oil exports have cut supplies to
Europe and Asia while supporting Brent prices.
    For a full report, double click on 

 (Compiled by Abhishek Vishnoi)
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