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RPT-New Zealand/Australia Morning Call-Global markets

Published 03/04/2017, 05:49 am
Updated 03/04/2017, 05:50 am
© Reuters.  RPT-New Zealand/Australia Morning Call-Global markets
UK100
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(Repeats to additional subscribers) ----------------------------------------------------------------

07:46 / 1946 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,864.91 -31.32 NZSX 50

7,196.78 +27.67 DJIA

20,663.22 -65.27 Nikkei

18,909.26 -153.96 NASDAQ

5,911.74 -2.61 FTSE

7,322.92 -46.60 S&P 500

2,362.72 -5.34 Hang Seng

24,111.59 -189.50 SPI 200 Fut

5,855.00 +7.00 STI

3,175.11 +1.87 SSEC

3,222.60 +12.37 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.695 -0.016 US 10 YR Bond

2.389 +0.000 NZ 10 YR Bond

3.220 +0.000 US 30 YR Bond

3.012 +0.000 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7628 0.7656 NZD US$

0.7007 0.6987 EUR US$

1.0662 1.0683 Yen US$

111.38 111.83 ---------------------------------------------------------------- Commodities Gold (Lon)

1,244.85

Silver (Lon)

18.22 Gold (NY)

1,248.63

Light Crude

50.60 TRJCRB Index

185.88 +0.36 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street fell on Friday, pulled down by Exxon (NYSE:XOM) and JPMorgan Chase (NYSE:JPM) as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market's lofty valuations.

The Dow Jones Industrial Average .DJI fell 0.31 percent to end at 20,663.22 points, while the S&P 500 .SPX lost 0.23 percent to 2,362.72.

For a full report, double click on .N

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LONDON - European shares sealed their best quarter since 2015 on Friday, with inflows to European equities picking up on strong economic data and corporate earnings, despite a packed political calendar ahead.

The pan-European STOXX 600 .STOXX index was up 0.1 percent, ending the first quarter of 2017 with a gain of 5.5 percent, its third straight quarterly gain.

For a full report, double click on .L

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TOKYO - Japanese stocks dropped to more than seven-week closing lows on Friday in choppy trade as investors locked in gains on the last trading day of the fiscal year, led by selling in futures and bellwether stocks such as exporters.

The Nikkei share average .N225 fell 0.8 percent to 18,909.26, the lowest close since Feb. 9. The benchmark index declined 1.8 percent for the week and 1.1 percent for the month. For the quarter, it dropped 1.1 percent.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The dollar was flat on Friday as a Federal Reserve official's seemingly dovish remarks and uninspiring data on the U.S. economy "squelched" the sanguine mood from earlier this week.

The dollar index .DXY , which tracks the greenback against six rival currencies, was little changed from its late Thursday levels at 100.39. Backed by early-week gains, however, it is headed for its best week since mid-February.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury debt yields fell on Friday after a chorus of Federal Reserve officials questioned the need for a faster pace of interest rate increases given tame inflation and just modest growth in the U.S. economy.

The gap between the yields of shorter-dated and longer-dated Treasuries widened on Friday, with the spread between the two-year and 10-year notes US2US10=TWEB rising to as much as 115.10 basis points, the steepest in a week.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold notched a quarterly gain of about 8.4 percent on Friday, marking its best quarter in a year, as uncertainty over U.S. President Donald Trump's tax and investment plans and elections in Europe fueled demand for bullion as a safe haven.

Spot gold XAU= was up 0.4 percent at $1,247.4 an ounce at 3:48 p.m EDT (1948 GMT). U.S. gold futures GCcv1 ended the session 0.2 percent higher at $1247.30 an ounce.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper fell more than 1 percent on Friday as the end of a strike at Peru's biggest copper mine dampened fears of reduced supply that had driven the metal higher this quarter, though upbeat economic data from China lent support.

London Metal Exchange copper CMCU3 closed down 2 percent at $5,837.50 a tonne, though prices still rose 5.6 percent in the first quarter, following a near 14 percent rise in the previous three months.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices fell on Friday after a three-day rally ran out of steam as a higher U.S. rig count signaled rising production from shale, contributing to the global supply glut.

Brent crude futures LCOc1 have recorded the biggest losses across global asset classes this quarter. In March, the contracts posted the biggest monthly losses since July as growing U.S. crude inventories and drilling activity counterbalanced production cuts elsewhere in the world.

For a full report, double click on O/R

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