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New Zealand/Australia Morning Call-Global markets

Published 24/02/2016, 05:48 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
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07:42 / 1842 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

4,979.59 -21.64 NZSX 50

6,175.67 +36.20 DJIA

16,426.10 -194.56 Nikkei

16,052.05 -59.00 NASDAQ

4,515.10 -55.51 FTSE

5,962.31 -75.42 S&P 500

1,923.36 -22.14 Hang Seng

19,414.78 -49.31 SPI 200 Fut

4,917.00 -30.00 STI

2,672.07 +11.42 SSEC

2,903.95 -23.22 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.448 +0.021 US 10 YR Bond

1.728 -0.038 NZ 10 YR Bond

3.070 -0.005 US 30 YR Bond

2.586 -0.033 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7208 0.7241 NZD US$

0.6662 0.6687 EUR US$

1.1018 1.1033 Yen US$

112.08 112.24 ---------------------------------------------------------------- Commodities Gold (Lon)

1,221.35

Silver (Lon)

15.20 Gold (NY)

1,208.36

Light Crude

31.77 TRJCRB Index

160.25 -2.39 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - A fresh bout of selling swept through Wall Street on Tuesday in the wake of a sharp slide in oil prices, snapping yet another rally in what has been a turbulent year for financial markets. Rallies have been few and short-lived, with the S&P 500 .SPX and the Dow Jones industrial average .DJI having risen for three days in a row only once in the past two months.

For a full report, double click on .N

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LONDON - Britain's top equity index fell on Tuesday, as slumps in banking group Standard Chartered STAN.L and miner BHP Billiton BLT.L offset a surge in London Stock Exchange Group (L:LSE) LSE.L on merger talks.

The blue-chip FTSE 100 .FTSE index closed down 1.3 percent at 5,962.31 points, retreating from the previous session's 1.5 percent rise.

For a full report, double click on .L

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TOKYO - Japanese shares fell on Tuesday in choppy trade, giving up earlier gains as oil prices reversed course, while a stronger yen kept investors on edge and pressured global cyclical shares.

The Nikkei share average .N225 ended 0.4 percent lower at 16,052.05.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The yen and Swiss franc rallied across the board on Tuesday as a recent rebound in stocks and crude oil faded, reviving demand for both safe-haven currencies.

In late morning trading, the dollar fell 0.8 percent to 112.02 JPY= , dropping as low as 111.78 yen, the lowest since Feb. 11. The euro, meanwhile, touched 123.13 yen EURJPY= , its lowest since April 2013. It was last at 123.57, down 0.8 percent.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields rose on Tuesday as oil prices traded near recent highs, reducing demand for safe haven bonds, and before the U.S. government is due to sell $88 billion in new coupon-bearing supply.

Benchmark 10-year notes US10YT=RR were last down 12/32 in price to yield 1.81 percent, up from 1.76 percent late Monday.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold rose by about 1 percent on Tuesday as European shares fell and inflows into bullion funds continued, boosting prices.

Spot gold XAU= was up 1 percent at $1,220.21 an ounce by 1453 GMT. Prices had fallen 1.6 percent on Monday, when the dollar and equities rallied.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices slipped on Tuesday as a fall in Chinese equities and the central banks's setting of a lower fix for the yuan currency reinforced concerns about the economy and demand growth in the top consumer.

Benchmark copper CMCU3 on the London Metal Exchange ended down 1 percent at $4,645 a tonne, having hit a two-week high of $4,701 on Monday.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices fell 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi ruled out any production cuts, restating the kingdom's rationale for maintaining output was that demand would pick up excess crude that has crushed prices over the past 20 months.

Benchmark Brent crude futures LCOc1 were down $1.33, or 3.8 percent, at $33.36 a barrel by 11:03 a.m. EST (1603 GMT), while U.S. crude futures CLc1 fell $1.51, or 4.5 percent, to $31.88 a barrel.

For a full report, double click on O/R

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