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New Zealand/Australia Morning Call-Global markets

Published 05/09/2016, 05:32 am
Updated 05/09/2016, 05:40 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
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WELLINGTON, Sept 5 (Reuters) -

EQUITIES

NEW YORK - U.S. stocks advanced on Friday as a weaker-than-expected payrolls report tamped down expectations for a September rate hike from the U.S. Federal Reserve, although hawkish comments from another Fed official kept expectations for one this year intact.

The Dow Jones industrial average .DJI rose 72.66 points, or 0.39 percent, to 18,491.96, the S&P 500 .SPX gained 9.12 points, or 0.42 percent, to 2,179.98 and the Nasdaq Composite .IXIC added 22.69 points, or 0.43 percent, to 5,249.90.

For a full report, double click on .N

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LONDON - Britain's top share index climbed to a two-week high on Friday after data showing a greater than expected slowdown in U.S. employment growth last month lowered the chances of an interest rate hike in the United States this month.

The blue-chip FTSE 100 index .FTSE finished 2.2 percent higher, the biggest one-day percentage gain in more than two months. It bounced after falling in the previous three session's to a four-week low on Thursday.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average ended flat on Friday after sluggish U.S. factory activity data soured sentiment and investors stayed cautious before the release of a key U.S. jobs report later in the day.

The Nikkei .N225 finished down 0.01 percent at 16,925.68, after rising to a three-month closing high in the previous session. For the week, the benchmark index gained 3.45 percent.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar gained on Friday, erasing earlier losses, as investors viewed the Federal Reserve as still likely to raise interest rates in the coming months, despite disappointing jobs growth in August.

The dollar index .DXY , which measures the greenback against a basket of six major currencies, rose 0.21 percent to 95.667, after earlier falling to 95.189, the lowest level since last Friday.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields on longer-dated maturities rose on Friday, with shorter-dated yields flat, after a weaker-than-expected U.S. non-farm payrolls report that suggested the Federal Reserve was unlikely to raise U.S. short-term interest rates this month.

Two-year notes US2YT=RR were last little changed in price to yield 0.797 percent. The two-year yield fell to 0.746 percent after the data, the lowest since Aug. 23. Ten-year Treasury notes US10YT=RR fell 10/32 in price to yield 1.604 percent. After the data, yields on the 10-year note fell to 1.543 percent, the lowest since Aug. 26.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold rose more than 1 percent on Friday after U.S. jobs growth came in below expectations, dampening the likelihood of an interest rate hike from the Federal Reserve this month, but bullion pared gains after the dollar turned positive.

Spot gold XAU= jumped to a session high of $1,328.73 an ounce after the non-farm payrolls data, and was up 0.7 percent at $1,322.36 by 2:20 p.m. EDT (1820 GMT). U.S. gold futures GCcv1 settled up 0.7 percent at $1,326.70.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper was little changed on Friday as investors digested lower than forecast U.S. payrolls growth, while lead, zinc and tin hit multi-month peaks on tightening supplies, environmental curbs and upbeat factory data in China.

Three-month LME copper CMCU3 ended down 0.04 percent at $4,628 a tonne. Zinc CMZN3 , used for galvanising steel, ended up 1.1 percent at $2,363, while lead CMPB3 ended up 0.7 percent at $1,943. Soldering metal tin CMSN3 hit its highest since January 2015 at $19,335 amid falling inventories.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil settled up nearly 3 percent on Friday after a weak U.S. jobs report hurt the dollar and boosted commodities, but crude prices still ended the week sharply lower on concerns about oversupply.

Brent crude futures LCOc1 settled up $1.38, or 3 percent, at $46.83 a barrel. U.S. West Texas Intermediate futures CLc1 rose $1.28, also 3 percent, to settle at $44.44.

For a full report, double click on O/R

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