(Repeating to additional clients.) -----------------------(07:22 / 2122 GMT)----------------------- Stock Markets
S&P/ASX 200 5,096.41 -110.57 NZSX 50
5,654.99 -1.25
DJIA
16,058.35 -469.68 Nikkei
18,165.69 -724.79 NASDAQ
4,636.11 -140.40 FTSE
6,058.54 -189.40 S&P 500
1,913.85 -58.33 Hang Seng
21,185.43 -485.15 SPI 200 Fut
4,997.00 -62.00 TRJCRB Index
196.00 -6.09
Bonds
AU 10 YR Bond
2.667 +0.027 US 10 YR Bond
2.160 -0.041 NZ 10 YR Bond
3.245 +0.015 US 30 YR Bond
2.919 -0.014
Currencies (Prev at 7pm NZST)
AUD US$
0.7017 0.7108 NZD US$
0.6328 0.6378 EUR US$
1.1317 1.1283 Yen US$
119.29 120.50
Commodities
Gold (Lon)
1142.30
Silver (Lon)
14.57
Gold (NY)
1134.10
Light Crude
44.19
---------------------------------------------------------------- Overnight market action with latest New York figures.
EQUITIES
NEW YORK - Turmoil returned to Wall Street on Tuesday after a brief rest, with renewed concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term selloff.
The Dow Jones industrial average .DJI fell 2.84 percent to end at 16,058.35 while the S&P 500 .SPX lost 2.96 percent to 1,913.85 points. The S&P 500 is now 10 percent lower than its May record high.
For a full report, double click on .N
- - - -
LONDON - The UK FTSE 100 slumped 3 percent on Tuesday, its worst one-day fall in over a week, with miners hit hardest after a slump in the manufacturing sector in China - the world's biggest commodity consumer.
All but one FTSE 100 .FTSE stock closed in negative territory on Tuesday, London's first trading day of the week after a public holiday on Monday.
For a full report, double click on .L
- - - -
TOKYO - Japanese stocks crumbled on Tuesday, extending the previous day's losses after surveys showed China's factory sector shrank for the sixth straight month in August while investors remained on edge ahead of key U.S. data due throughout the week.
The Nikkei share average .N225 closed 3.8 percent lower at 18,165.69, heading towards a six-month low of 17,714.30 hit last week.
For a full report, double click on .T
- - - -
SYDNEY - Australian shares are set to open lower on Wednesday tracking negative global leads after Wall Street ended down 3.0 percent on fresh signs of economic weakness in China and uncertainty over the timing of the Federal Reserve's first interest rate increase in nearly a decade.
Local share price index futures YAPcm1 fell 1.2 percent or 62 points, a 99.4-point discount the underlying S&PASX200 index. The benchmark fell 2.1 percent or 110.6 points to 5,096.4 by close of trade on Wednesday.
Australia's GDP data will be released at 0130 GMT.
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar sagged against the safe-haven yen and low-yielding euro on Tuesday as weak Chinese factories data drove investors to unwind bets against the two currencies widely used to fund positions in riskier assets.
The dollar was last off 1.20 percent to 119.80 yen JPY= , having retreated from a high of 121.76 yen set late last week. The euro rose 0.70 percent to $1.1297 EUR= , extending its recovery from last week's one-week low of $1.1156.
For a full report, double click on USD/
- - - -
TREASURIES
NEW YORK - U.S. Treasuries prices rose on Tuesday after data showing weakness in the Chinese and U.S. manufacturing sectors fueled safe-haven bids, while possible selling of long-dated Treasuries by foreign central banks capped those bonds' gains.
Benchmark 10-year yields hit a session low of 2.15 percent after reaching a 1-1/2 week high of 2.22 percent on Monday. U.S. 30-year Treasuries prices were slightly higher on the day after falling earlier in the session. Analysts said foreign central banks could be selling the bonds in order to raise money to buy their own currencies.
For a full report, double click on US/
- - - -
COMMODITIES
GOLD
NEW YORK/LONDON - Gold rose 1 percent on Tuesday as the dollar and global equities dropped on fresh signs of economic weakness in China and uncertainty over the timing of the Federal Reserve's first interest rate increase in nearly a decade.
Spot gold XAU= rose to a session high of $1,147.16 an ounce and was up 0.6 percent at $1,140.50 an ounce by 2:34 p.m. EDT, while U.S. gold for December delivery GCcv1 settled up 0.6 percent at $1,139.80 an ounce.
For a full report, double click on GOL/
- - - -
BASE METALS
LONDON - Copper prices fell on Tuesday as expectations of weak demand from top consumer China were fuelled by data showing its manufacturing sector contracting at its fastest pace in three years.
Benchmark copper CMCU3 on the London Metal Exchange (LME) ended at $5,067 a tonne, down 1.3 percent from Friday's close. The metal used in power and construction hit a six-year low of $4,855 last week.
For a full report, double click on MET/L
- - - -
OIL
NEW YORK - Oil prices tumbled 8 percent on Tuesday in volatile trading that sent Brent futures back below $50 a barrel as weak Chinese data revived concerns about demand for petroleum after crude's three-day rally of more than 20 percent.
Brent crude LCOc1 slumped $4.59, or 8.48 percent, to settle at $49.56 a barrel, after falling as low as $49.24.
U.S. crude CLc1 fell $3.79, or 7.7 percent, to settle at $45.41, after dropping as low as $45.13 following an 8.8 percent gain on Monday.
For a full report, double click on O/R
- - - -