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Stock Markets
5,214.60 -73.98 NZSX 50
5,751.19 +8.73 DJIA
16,459.75 -530.94 Nikkei
19,435.83 -597.69 NASDAQ
4,706.04 -171.45 FTSE
6,187.65 -180.24 S&P 500
1,970.89 -64.84 Hang Seng
22,409.62 -347.85 SPI 200 Fut
5,058.00 -110.00 TRJCRB Index
191.34 -3.32 Bonds
AU 10 YR Bond
2.575 -0.001 US 10 YR Bond
2.045 +0.000 NZ 10 YR Bond
3.240 +0.010 US 30 YR Bond
2.736 +0.000 Currencies (Prev at 7pm NZST)
AUD US$
0.7300 0.7301 NZD US$
0.6668 0.6616 EUR US$
1.1377 1.1279 Yen US$
121.69 122.92 Commodities
Gold (Lon)
1156.50
Silver (Lon)
15.30
Gold (NY)
1158.60
Light Crude
40.45
---------------------------------------------------------------- Overnight market action with latest New York figures.
EQUITIES
NEW YORK - Fears of a China-led global economic slowdown drove Wall Street to its steepest one-day drop in nearly four years on Friday and left the Dow industrials more than 10 percent below a May record.
The Dow Jones industrial average .DJI closed down 530.94 points, or 3.12 percent, to 16,459.75, the S&P 500 .SPX lost 64.84 points, or 3.19 percent, to 1,970.89 and the Nasdaq Composite .IXIC dropped 171.45 points, or 3.52 percent, to 4,706.04.
For a full report, double click on .N
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LONDON - Britain's FTSE 100 marked its biggest weekly loss of the year after data from China raised investors' concerns over weak global growth and possible deflation.
The FTSE 100 .FTSE closed down 2.8 percent at 6,187.65 points on Friday, a fall broadly in line with European blue-chip equities. The index is down more than 5 percent for the week, its worst weekly performance since December.
For a full report, double click on .L
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TOKYO - Japan's Nikkei fell below the 20,000 mark for a fourth consecutive day to a 3-1/2 month closing low on yet more signs of deceleration in the Chinese economy.
The Nikkei share average .N225 dropped 3.0 percent to 19,435.83 late Friday, its lowest close since May 8, for a weekly loss of 5.3 percent, the biggest weekly decline since April 2014.
The broader Topix .TOPX fell 3.1 percent to close at 1,573.01, ending the week down by 5.5 percent.
For a full report, double click on .T
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FOREIGN EXCHANGE
NEW YORK - The dollar tumbled more than 1 percent against the euro and the yen on Friday as strikingly weak Chinese factory data fanned global growth worries and cooled betting that the Federal Reserve will raise U.S. interest rates next month.
The euro, which is used as a 'funding' currency borrowed to buy riskier but higher-yielding emerging market currencies, easily topped $1.13 EUR= as investors reversed such trades and bought it back.
The euro was last trading against the dollar at $1.1358, up 1.05 percent. Earlier the euro hit a session high of $1.1375, last touched on June 22.
For a full report, double click on USD/
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TREASURIES
NEW YORK - U.S. Treasury debt prices rose on Friday as rattled investors fled tumbling stock markets for the safety of U.S. bonds, and as traders reduced bets that the Federal Reserve will begin raising interest rates in September.
U.S. benchmark 10-year Treasury notes US10YT=RR last yielded 2.06 percent, down from 2.08 percent late on Thursday and 2.20 percent a week ago.
For a full report, double click on US/
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COMMODITIES
GOLD
NEW YORK - Gold rose in choppy dealings on Friday, hitting a six-week high and putting it on track for its biggest weekly climb since mid-January as more bad economic data from China rattled financial markets, pushing the U.S. dollar broadly lower.
Spot gold XAU= hit a peak of $1,168.40 an ounce and was up 0.5 percent at $1,158.31 at 2:39 p.m. EDT (1839 GMT), up 4 percent on the week. U.S. gold futures GCv1 for December delivery settled up 0.6 percent at $1,159.60.
For a full report, double click on GOL/
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BASE METALS
LONDON - Copper prices tumbled on Friday, clocking up their seventh consecutive weekly loss as poor factory data in top consumer China sparked alarm in global markets and fanned fears of a slide in metals consumption.
Three-month copper on the London Metal Exchange CMCU3 ended down 1.3 percent at $5,055 a tonne, but held above the psychological $5,000 level. The metal, which hit a six-year low at $4,976 a tonne earlier this week, has fallen each week since early July and shed some 20 percent this year.
For a full report, double click on MET/L
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OIL
NEW YORK - U.S. oil prices traded below $40 a barrel for the first time since the 2009 financial crisis, ending 2 percent lower on Friday on signs of U.S. oversupply and weak Chinese manufacturing and notching the longest weekly losing streak in almost three decades.
U.S. October crude CLc1 settled 87 cents, or 2.1 percent, lower at $40.45 a barrel, having touched a new 6-1/2-year low of $39.86 a barrel. Front-month U.S. crude has fallen 33 percent over eight consecutive weeks of losses, the longest such losing streak since 1986.
Brent oil LCOc1 ended $1.16, or 2.5 percent, lower at $45.46 a barrel. It hit a low of $45.07 and threatened to break below $45 a barrel for the first time since March 2009.
For a full report, double click on O/R
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