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Global Stock Market 
 
US Stock Market | Asian Stock Market | Currency Markets | Bond Markets | Previous Reports
 
 
STOCK MARKETS
Currency Markets
per US$
Short Term
Interest Rates (%)
U.S. MARKETS
Oct 30
Change
% CHG
YTD
%CHG
Oct 30
Change
YTD
%CHG
Oct 30
Jan 2 2013
Dow Jones/U.S.
17195.42
221.11
1.30
3.73
0.23
0.24
Nasdaq
4566.14
16.91
0.37
9.33
S&P 500
1994.65
12.35
0.62
7.91
PLDT ADR (US$)
69.35
-0.48
-0.69
15.43
EUROPE
DAX/Euro
9114.84
32.03
0.35
-4.58
1.26
-0.00
-8.38
0.09
0.28
DJ Euro Stoxx 50
3035.90
13.48
0.45
-2.35
ASIAN MARKETS
Philippines
7170.99
77.68
1.10
21.75
44.90
0.18
-1.12
1.42
0.57
Hong Kong
23702.04
-117.83
-0.49
1.70
7.75
0.00
-0.01
0.38
0.38
Singapore
3234.31
10.28
0.32
2.11
1.28
-0.00
-1.21
0.77
0.77
Malaysia     
1842.78
3.23
0.18
-1.30
3.29
0.02
-0.27
3.76
3.31
Thailand  
1565.35
2.68
0.17
20.53
32.56
0.04
0.55
2.40
2.40
Indonesia
5058.85
-15.21
-0.30
18.36
12139.00
56.00
0.26
7.50
7.86
Japan 
15658.20
104.29
0.67
-3.89
109.21
0.32
-3.50
0.11
0.15
South Korea  
1958.93
-2.24
-0.11
-2.61
1055.60
8.27
0.02
2.14
2.66
China
2391.08
18.05
0.76
13.00
6.12
0.00
-0.98
2.60
2.60
U.S. Equity Market
U.S. stocks moved higher in reaction to the stronger-than estimated GDP figure which was reported on Thursday. The U.S. economy expanded by 3.5% y-o-y, higher than the 3.0% consensus. Earnings of corporates also helped boost buying pressure. On average equities gained by 0.77%.
Asian Stock Market
Asian equity markets saw mixed movement with some markets reacting negatively to the prospect of a reversal of investor flows back to the West. Select markets took the announcement by the Fed as a positive for their export sector given that the U.S. economy was well on its way to a robust economic recovery. The Hang Seng felt the added heat from poor earnings reports for the 3rd quarter with banks, construction and energy companies all posting relatively weak growth numbers. Meanwhile, the Shanghai index hit a 20-month high after government officials pledged support in up to 6 sectors f the economy. On average, equity indices in Asia managed to edge up by 0.17%.
Currency Markets
Global currencies wilted in the face of the resurgent Dollar, which gained given the Fed's very optimistic assessment of the U.S. economy. Asian markets opened Thursday's session digesting the possibility of an early Fed interest rate hike cycle, prompting dealers to quickly book gains in risk currencies, which had been trading stronger for the week prior to Thursday. The Korean won depreciated but losses were limited as exporters unloaded their Dollar earnings. The Indonesian Rupiah was also weaker on Thursday as foreign players unloaded both stocks and bonds in local markets. Other major currencies were not spared as the Dollar strengthened against the EUR, the GBP and the AUD as well. On average, the U.S. Dollar appreciated by 0.33%.
Bond Market
U.S. Treasury yields saw directional trading, shrugging off the strong U.S. GDP figure and focused on reports of a shift in a Japanese pension fund’s asset allocation. The yield for the benchmark 10-year Treasury dipped by a basis point while on average yields for Treasuries closed lower marginally.
US Treasury Bonds as of 10/30/2014
Tenor
Yield (%)
Change
3-month
0.01
-0.01
 2-year
0.47
-0.01
5-year
1.57
-0.01
10-year
2.31
-0.01
30-year
3.05
-0.00
 
(News sources: Reuters, AFX, Dow Jones, Bloomberg)
 
 
 
 
The information contained herein is based on sources which we believe are reliable but is not guaranteed by us. This report is provided for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell the security or currency mentioned herein. BPI and its affiliates may from time to time have positions and may buy or sell the security or currency described herein.


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