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New Zealand/Australia Morning Call-Global markets

Published 10/08/2016, 05:25 am
Updated 10/08/2016, 05:30 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
UK100
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XAU/USD
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US500
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DJI
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AXJO
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JP225
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ABDN
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GC
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US10YT=X
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07:24 / 1924 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,552.55 +14.71 NZSX 50

7,363.16 +14.86 DJIA

18,527.33 -1.96 Nikkei

16,764.97 +114.40 NASDAQ

5,224.58 +11.44 FTSE

6,851.30 +42.17 S&P 500

2,180.80 -0.09 Hang Seng

22,465.61 -29.15 SPI 200 Fut

5,501.00 +11.00 STI

2,870.78 +42.61 SSEC

3,025.91 +21.63 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

1.925 -0.018 US 10 YR Bond

1.542 -0.043 NZ 10 YR Bond

2.230 -0.005 US 30 YR Bond

2.253 -0.047 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7669 0.7631 NZD US$

0.7155 0.7110 EUR US$

1.1109 1.1072 Yen US$

101.90 102.37 ---------------------------------------------------------------- Commodities Gold (Lon)

1,341.00

Silver (Lon)

19.84 Gold (NY)

1,335.10

Light Crude

42.69 TRJCRB Index

181.43 -1.36 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street hovered near record highs on Tuesday as weak oil prices offset gains in healthcare and technology stocks.

At 2:16 pm ET, the Dow Jones industrial average .DJI was down 0.03 percent at 18,522.92 points and the S&P 500 .SPX was flat at 2,180.87.The Nasdaq Composite .IXIC added 0.25 percent to 5,225.98.

For a full report, double click on .N

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LONDON - Britain's top shares index closed on Tuesday at its highest level in 14 months, lifted by gains in major financial stocks, including Standard Life SL.L .

The blue-chip FTSE 100 index .FTSE ended at 6,851.30 points, up 0.6 percent, above a high last reached in June 2015. The FTSE 100 is up nearly 10 percent so far in 2016.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average ground higher on Tuesday, touching a 2-week peak in thin trade thanks to a wobbly yen.

The Nikkei .N225 ended the day up 0.7 percent at 16,764.97. It went as low as 16,630.56 on profit-taking before pulling back to touch 16,779.59, its highest since July 27.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The British pound fell for the fifth day in a row on Tuesday and was the largest major currency mover after a Bank of England policymaker said that more quantitative easing was probably necessary if the U.K.'s economic decline worsens.

The pound GBP= fell 0.60 percent on Tuesday to $1.2956, its lowest since July 11.

For a full report, double click on USD/

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TREASURIES

NEW YORK - Longer-dated U.S. Treasury prices edged higher on Tuesday as a weak report on U.S. productivity suggested the economy may not be growing as quickly as anticipated, prompting investors to cut long-term inflation expectations and buy U.S. government debt on the long end of the curve.

Benchmark 10-year Treasury notes US10YT=RR rose 6/32 in price to yield 1.588 percent. The 30-year bond US10YT=RR gained 21/32 in price to yield 2.286 percent.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - The price of gold rose on Tuesday as the dollar edged lower against a basket of currencies and concerns over the global economic outlook trumped some expectations that the U.S. Federal Reserve could raise interest rates this year.

Spot gold XAU= was up 0.5 percent at $1,341.71 an ounce at 1412 GMT, off an earlier low of $1,330.03, while U.S. gold futures GCv1 for December delivery were up $6.50 an ounce at $1,347.80.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper fell to its lowest in four weeks on Tuesday, weighed down by seasonally weak demand in top metals consumer China and concern that Beijing may not cut rates soon.

Three month copper CMCU3 on the London Metal Exchange closed down 0.7 percent at $4,779 a tonne, having hit a low of $4,761, its weakest since July 12.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil futures settled 1 percent lower on Tuesday as worries about a stubborn global petroleum glut offset forecasts for a weekly drop in U.S. crude inventories.

Brent crude LCOc1 settled down 41 cents, or almost 1 percent, at $44.98 a barrel.

For a full report, double click on O/R

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