India Morning Call-Global markets

Mon Dec 23, 2013 10:24pm EST

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EQUITIES
    NEW YORK -  U.S. stocks climbed on Monday, with the Dow and
S&P 500 advancing to all-time highs as a distribution deal by
Apple Inc with China Mobile boosted the technology sector.
    Apple rose 3.8 percent to $570.09, its biggest
percentage gain in three months, after the tech titan said on
Sunday it had signed a long-awaited agreement with China Mobile
Ltd  to sell iPhones through the world's
biggest network of mobile phone users, a deal that could add
billions of dollars to its revenue.
     The Dow Jones industrial average rose 73.47 points
or 0.45 percent, to end at 16,294.61, a record high. The S&P 500
 gained 9.67 points or 0.53 percent, to finish at a record
1,827.99.
    For a full report, double click on 
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    LONDON - Britain's shares rose for a fourth straight day on
Monday as chip designer ARM was boosted by the prospect
of more orders from key client Apple, while optimism about U.S.
growth underpinned the broader market.
    The FTSE 100 closed up 72.03 points, or 1.1 percent, at
6,678.61, posting its longest winning run since October.
    For a full report, double click on 
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    TOKYO - Japan's Nikkei share average sped to a six-year peak
on Tuesday morning, edging closer to the 16,000-mark, driven by
buying from long-only investors after Wall Street racked up more
records.
    The Nikkei was up 0.5 percent at 15,955.94 in
mid-morning trade, adding to the previous four sessions' 4.8
percent rise.
    For a full report, double click on 
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    HONG KONG - The Hang Seng index gains 0.79 percent.
For a full report, double click on 
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    FOREIGN EXCHANGE
    SYDNEY - The U.S. dollar continued to give back a bit of its
recent hefty gains on Tuesday in a market lacking conviction
with many investors having already closed their books for the
year.
    The dollar last traded at 104.19 yen, struggling to
make any headway after peaking at a five-year high of 104.64 on
Friday. The very slim 103.77/104.125 range on Monday showed
clearly how torpid the market was.
    The euro bought $1.3695, holding off a two-week low
of $1.3625 plumbed Friday. Against the yen, the common currency
stood at 142.63, not far from a five-year high of
142.90 set last week. 
    For a full report, double click on 
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    TREASURIES
    NEW YORK - U.S. Treasuries prices slipped on Monday on light
volume as medium-term issues weakened for a fourth straight
session due to concerns the Federal Reserve might raise interest
rates sooner than it signalled last week if the economy
strengthens.
    Five-year note yields hit a three-month peak and seven-year
yields hovered near their highest level since mid-September as
investors exited bets that medium-term yields would stay low.
    Benchmark 10-year Treasury notes fell 11/32 in
price to yield 2.926 percent, up 4 basis points from late on
Friday. 
    For a full report, double click on 
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    COMMODITIES
    GOLD
    SINGAPORE - Gold was hovering below $1,200 on Tuesday and
looked likely to fall to its lowest in six months in thin
year-end trade, with strong U.S. spending data denting the
metal's safe-haven appeal.
    Spot gold had eased 0.06 percent to $1,198.10 an
ounce by 0011 GMT, after dropping 0.3 percent in the previous
session.
    For a full report, double click on 
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    BASE METALS
    SINGAPORE - London copper futures steadied above $7,200 a
tonne on Tuesday with tighter near-term supplies underpinning
prices amid thin liquidity.
    Three-month copper on the London Metal Exchange was
little changed at $7,244 a tonne by 0116 GMT, with a lean 58
lots traded on LME Select.  
    For a full report, double click on 
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    OIL
    NEW YORK - Crude oil futures slipped on Monday in light
volume as traders booked profits after three days of gains ahead
of the Christmas holiday, though refinery strikes in France and
internal strife in producers Libya and South Sudan checked
losses.
    Brent crude ended 21 cents lower at $111.56 per
barrel, after touching a two-week high of $111.93.
    U.S. crude oil futures for February delivery fell 41
cents to $98.91 a barrel, off a two-month high of $99.40 reached
in the previous session.
   For a full report, double click on 

 (Compiled by Himank Sharma)
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