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New Zealand/Australia Morning Call-Global markets

Published 08/03/2017, 05:26 am
Updated 08/03/2017, 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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HK50
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GC
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HG
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LCO
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CL
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IXIC
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US10YT=X
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US30YT=X
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---------------------------------------------------------------- Snapshot at: 07:25 / 1825 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,761.39 +14.88 NZSX 50

7,167.63 -11.11 DJIA

20,937.77 -16.57 Nikkei

19,344.15 -34.99 NASDAQ

5,848.04 -1.14 FTSE

7,338.99 -11.13 S&P 500

2,371.86 -3.45 Hang Seng

23,681.07 +84.79 SPI 200 Fut

5,745.00 -9.00 STI

3,130.44 +8.93 SSEC

3,242.64 +8.77 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.848 +0.019 US 10 YR Bond

2.509 +0.016 NZ 10 YR Bond

3.340 +0.010 US 30 YR Bond

3.105 +0.008 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7596 0.7614 NZD US$

0.6966 0.6998 EUR US$

1.0567 1.0583 Yen US$

114.03 113.93 ---------------------------------------------------------------- Commodities Gold (Lon)

1,216.65

Silver (Lon)

17.48 Gold (NY)

1,225.56

Light Crude

53.26 TRJCRB Index

188.15 -1.27 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - The S&P 500 and the Dow Jones Industrial Average were on track for their first back-to-back losses in more than a month, led by declines in drug and bank stocks.

At 12:34 p.m. ET (1734 GMT), the Dow Jones .DJI was down 27.79 points, or 0.13 percent, at 20,926.55, the S&P 500 .SPX was down 5.68 points, or 0.23 percent, at 2,369.63. The Nasdaq Composite .IXIC was down 9.86 points, or 0.17 percent, at 5,839.32.

For a full report, double click on .N

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LONDON - Britain's top equity index steadied at the close on Tuesday, with negative share moves seen by a string of firms following their poor earnings updates offsetting gains in some firms that advanced on the back of a weaker pound.

The blue-chip FTSE 100 .FTSE closed 0.15 percent lower after trading in a narrow band throughout the session.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average edged down on Tuesday, following Wall Street's lead, with investors deterred by geopolitical tensions after the North Korean missile tests, while buying continued to fuel in into small cap stocks.

The Nikkei .N225 fell 0.2 percent to 19,344.15. The broader Topix .TOPX was flat at 1,555.04 and the JPX-Nikkei Index 400 .JPXNK400 was flat at 13,918.61. The Nikkei Jasdaq index .NOTC rose for an 18th day, hitting its record closing high of 3,043.94.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The dollar edged higher against a basket of currencies on Tuesday but was still below highs hit in December and January after two weeks in which expectations for a rise in U.S. interest rates this month have soared.

The greenback .DXY rose 0.25 percent against a basket of six major currency rivals, and sterling GBP= fell to a seven-week low against the dollar after weak consumer spending data added to worries Britain's economy is slowing.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields rose on Tuesday, with the 30-year yield at its highest in over a month as investors made room for this week's supply of coupon-bearing government debt, led by $24 billion worth of three-year notes.

The yield on benchmark 10-year Treasury notes US10YT=RR was up 2 basis points at 2.511 percent, while the 30-year yield US30YT=RR was up nearly 2 basis points at 3.116 percent after touching its highest level since Feb. 3, Reuters data showed.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold hit a more than four-week low on Tuesday as the dollar strengthened and expectations for a U.S. interest rate hike this month weighed, though moves were muted ahead of key U.S. data this week.

Spot gold XAU= was down 0.7 percent at $1,216.95 an ounce at 1445 GMT, having earlier touched its lowest since Feb. 3 at $1,216.19 an ounce. U.S. gold futures GCv1 for April delivery were down $8.00 an ounce at $1,217.50.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper fell to its lowest in a month on Tuesday on a surge in warehouse stocks and zinc hit a seven-week low as investors liquidated positions in both metals on concerns that markets had decent supplies despite mine strikes and shutdowns.

Three-month LME copper CMCU3 closed down 1.5 percent at $5,773 a tonne, the weakest since Feb. 6, after 1 percent losses in the previous session.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices were little changed on Tuesday, giving up gains after Saudi Arabia's oil minister gave mixed messages on future OPEC production cuts, while the market also braced for data that was expected to show a ninth straight weekly increase in U.S. crude inventories.

Brent LCOc1 futures remained unchanged at $56.01 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 was up 8 cents, or 0.2 percent, at 11:44 a.m. EST (1644 GMT).

For a full report, double click on O/R

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