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New Zealand/Australia Morning Call-Global markets

Published 07/11/2016, 05:28 am
Updated 07/11/2016, 05:30 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
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07:27 / 1827 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,180.82 -44.73 NZSX 50

6,708.47 -70.47 DJIA

17,888.28 -42.39 Nikkei

16,905.36 -229.32 NASDAQ

5,046.37 -12.04 FTSE

6,693.26 -97.25 S&P 500

2,085.18 -3.48 Hang Seng

22,642.62 -40.89 SPI 200 Fut

5,124.00 -29.00 STI

2,788.80 -13.28 SSEC

3,125.08 -3.86 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.319 -0.031 US 10 YR Bond

1.778 +0.000 NZ 10 YR Bond

2.785 -0.010 US 30 YR Bond

2.562 +0.000 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7672 0.7664 NZD US$

0.7316 0.7305 EUR US$

1.1128 1.1098 Yen US$

103.21 103.32 ---------------------------------------------------------------- Commodities Gold (Lon)

1,302.80

Silver (Lon)

18.39 Gold (NY)

1,303.75

Light Crude

44.07 TRJCRB Index

182.50 -0.88 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - The S&P 500 ended lower on Friday for a ninth straight day, the longest losing streak for the benchmark index in more than 35 years, as investors stayed on edge ahead of an uncertain U.S. election.

The Dow Jones industrial average .DJI fell 42.39 points, or 0.24 percent, to 17,888.28, the S&P 500 .SPX lost 3.48 points, or 0.17 percent, to 2,085.18 and the Nasdaq Composite .IXIC dropped 12.04 points, or 0.24 percent, to 5,046.37.

For a full report, double click on .N

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LONDON - European shares slumped on Friday, weighed down by weaker drugmakers after two U.S. lawmakers called on federal antitrust regulators to open an investigation into possible price fixing.

The pan-European STOXX 600 index .STOXX was down 0.8 percent at its close, marking its biggest weekly fall since February. The index has been hit by growing jitters ahead of the U.S. presidential election on Tuesday and has been trading near its lowest levels since July.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average fell to a 2-1/2-week low on Friday after major stocks like automakers stumbled on continued uncertainty surrounding next week's U.S. presidential election.

The Nikkei .N225 ended 1.3 percent lower at 16,905.36, the lowest closing level since Oct. 17. For the week, the Nikkei tumbled 3.1 percent, the biggest weekly drop in four months.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK -

The U.S. dollar hit a more than one-month low against the safe-haven Swiss franc on Friday on nervousness ahead of next week's U.S. presidential election, despite a solid U.S. jobs report that supported expectations for a Federal Reserve rate hike next month.

The dollar was last down 0.45 percent against the Swiss franc CHF= , at 0.9694 franc, near a more than one-month low of 0.9682 touched earlier. The dollar was mostly flat against the yen JPY= , at 103.02 yen, not far from a one-month low of 102.54 hit on Thursday.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury prices gained on Friday as oil prices dropped, raising concerns about low inflation, and as uncertainty about next week's U.S. presidential election enhanced the appeal of lower risk assets.

Benchmark 10-year notes rose 7/32 in price to yield 1.79 percent, US10YT=RR after rising as high as 1.83 percent on the employment data.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold steadied on Friday, heading for its biggest weekly rise since mid-September as jitters over next week's U.S. election offset a solid payrolls report that shored up expectations for a U.S. interest rate hike next month.

Spot gold XAU= was down 0.08 percent at $1,302.22 an ounce by 3:01 p.m. EDT (1901 GMT), off a low of $1,294.15 in the immediate wake of the payrolls data. U.S. gold futures GCv1 for December delivery settled up 0.1 percent at $1,304.50.

For a full report, double click on GOL/

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BASE METALS

LONDON - Zinc slipped on Friday from a five-year high as funds reversed bets on higher prices after U.S. data reinforced expectations interest rates will rise in December, but large deficits this year and next are expected to reinforce upward pressure.

Benchmark zinc CMZN3 closed down 1.6 percent at $2,447 a tonne, down from an earlier high of $2,491.50. The metal used to galvanise steel hit $2,494 on Thursday, its highest since September 2011.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil futures on Friday fell by their biggest weekly percentage decline since January of around 9 percent as signs of tensions resurfaced between Saudi Arabia and Iran that could scupper a key supply cut pact.

Both benchmarks settled at their lowest levels since September with Brent LCOc1 down 77 cents, or 1.7 percent, at $45.58 a barrel, and U.S. crude CLc1 down 59 cents, or 1.3 percent, at $44.07. That put both contracts down 15 percent since their early October highs.

For a full report, double click on O/R

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