Asia Morning Call-Global Markets

Sept 14 (Reuters) -

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** indicates closing price

All prices as of 1754 GMT

EQUITIES

GLOBAL - Wall Street ticked up on Friday after a volatile, mostly down week and oil prices dipped after a week-long surge in which Gulf tensions and inflation concerns weighed on markets.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 5.66 points, or 0.50%.

For a full report, click on MKTS/GLOB

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NEW YORK - Wall Street ended higher on Friday as oil prices retreated and strong consumer price data reinforced expectations the Federal Reserve will raise interest rates next week to fight inflation.

The S&P 500 climbed 0.86% to end the session at 7,656.98 points. The Nasdaq gained 0.96% to 26,333.04 points, while the Dow Jones Industrial Average rose 0.98% to 52,573.29 points.

For a full report, click on .N

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LONDON - European stocks edged higher on Friday as oil prices retreated from a five-month peak, after a week in which accelerating inflation expectations and elevated bond yields dented sentiment and pushed the market towards its biggest weekly loss in two months.

The pan-European STOXX 600 .STOXX was up 0.5% at 639.1 points, but logged its steepest weekly fall since early July.

For a full report, click on .EU

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TOKYO - Japan's Nikkei slumped on Friday amid renewed concerns over U.S. rate hikes and a surge in oil prices that fuelled inflation worries.

The benchmark Nikkei 225 gauge .N225 fell 1.93% to close at 64,011.34, giving it a 0.4% decline on the week.

For a full report, click on .T

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SHANGHAI - China and Hong Kong stocks slipped on Friday and closed the week lower, as low trading volumes and growing expectations of further U.S. interest rate hikes dampened risk sentiment.

China's blue-chip CSI300 Index .CSI300 closed down 0.8%, while the Shanghai Composite Index .SSEC lost 1.2% to below 3,900 points. Hong Kong's benchmark Hang Seng .HIS was down 0.6%.

For a full report, click on .SS

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AUSTRALIA - Australian stocks ended Friday at a more than two-month low, as miners led by BHP lost on weaker commodity prices, while a surge in oil prices over the week heightened inflation concerns and kept investors on edge.

The benchmark S&P/ASX 200 index .AXJO fell 0.9% to 8,741.20 points, its lowest closing level since July 2.

For a full report, click on .AX

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SEOUL - South Korean shares closed down on Friday amid a sell-off in U.S. Treasuries while the inflation data there reinforced bets on an imminent Federal Reserve interest rate hike.

The benchmark KOSPI .KS11 closed down 124.01 points, or 1.76%, at 6,909.91.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The dollar edged higher against the euro and Swiss franc on Friday after U.S. inflation data showed a rise in consumer prices, reinforcing expectations that the Federal Reserve will raise interest rates next week.

The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, was flat at 99.12.

For a full report, click on USD/

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SHANGHAI - China's yuan held steady against the U.S. dollar on Friday as the greenback rebounded and the central bank set a strong fixing, with investors positioning cautiously ahead of U.S. inflation data later in the day.

The spot yuan opened at 6.7119 per dollar and was last trading at 6.7109 as of 0249 GMT, 6 pips firmer than the previous late session close.

For a full report, click on CNY/

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AUSTRALIA - The Australian and New Zealand dollars came under pressure on Friday as a spike in oil prices slugged risk assets and convinced investors that more rate hikes were now inevitable globally.

The Aussie was flat at $0.7161, after sliding 0.8% overnight and pulling back from a four-month high of $0.7238. Initial support is seen at $0.7122, while major resistance lies at $0.7277.

For a full report, click on AUD/

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SEOUL - The South Korean won strengthened on Friday, while the benchmark bond yield rose.

The won was quoted at 1,345.9 per dollar on the onshore settlement platform , 0.27% higher than its previous close at 1,349.5

For a full report, click on KRW/

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TREASURIES

NEW YORK - Benchmark 10-year Treasury yields approached 5% on Friday, trading at their highest levels since October 2023, after U.S. consumer price inflation accelerated, boosting expectations that the Federal Reserve will raise interest rates next week.

The yield on benchmark U.S. 10-year notes was last up 2.29 basis points at 4.967%.

For a full report, click on US/

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LONDON - Euro zone government bond prices steadied on Friday, as the global debt market headed for one of its worst weekly performances since the start of the Iran war, battered by surging energy prices that are forcing central banks to act quickly to combat inflation.

Benchmark 10-year Bund yields have risen almost 18 bps this week, also the biggest weekly rise since the start of March. They were last 1.7 bps higher on the day to 3.5136%.

For a full report, click on GVD/EUR

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TOKYO - Japanese government bond (JGB) yields rose across the curve on Friday as global debt markets sold off and expectations for central bank rate hikes firmed.

The benchmark 10-year JGB yield climbed 6 basis points (bps) to 2.970%. Yields move inversely to bond prices.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices firmed over 1% on Friday, rebounding from recent losses and finding a short-term floor despite strong U.S. inflation data bolstering expectations of an interest rate hike by the Federal Reserve next week.

Spot gold rose 1.1% to $4,363.01 per ounce by 01:40 p.m. EDT (1740 GMT).

For a full report, click on GOL/

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IRON ORE

Iron ore prices fell for a third straight session on Friday and were heading for their first weekly loss in three, pressured by lower-than-anticipated demand and a sharp squeeze in steel margins in top consumer China.

The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) closed daytime trade down 1.78% at 718 yuan ($107.03) a metric ton, its lowest level since September 3.

For a full report, click on IRONORE/

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BASE METALS

Copper prices were headed for their first weekly drop since June, even as they steadied on Friday following a steep fall in the previous session after Reuters reported that the White House had not made a decision on imposing tariffs on the metal.

Three-month copper on the London Metal Exchange was flat at $14,238 a metric ton as of 1600 GMT.

For a full report, click on MET/L

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OIL

Oil prices fell on Friday but remained on course for a weekly gain of more than 8%, while U.S. diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions.

Brent crude futures settled at $104.61 a barrel, down $3.02, or 2.81%.

For a full report, click on O/R

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PALM OIL

Malaysian palm oil futures slipped to their lowest close in two weeks on Friday, as rising stockpiles dragged prices, though concerns over future supply tightness limited the decline.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was down 67 ringgit, or 1.37%, at 4,818 ringgit ($1,184.37) a metric ton, the lowest closing price since August 27.

For a full report, click on POI/

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RUBBER

Japanese rubber futures fell for a third consecutive session on Friday on profit-taking after a short squeeze and arbitrage-driven rally this week, although the contract still posted a weekly gain as higher oil prices capped losses.

The Osaka Exchange (OSE) rubber contract for February delivery , was down 2.9 yen, or 0.67%, to close at 431 yen ($2.80) per kg.

For a full report, click on RUB/T

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