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UPDATE 1-New Zealand/Australia Morning Call-Global markets

Published 28/08/2015, 07:29 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
UK100
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JP225
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GC
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HG
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LCO
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-----------------------(07:26 / 2126 GMT)-----------------------

Stock Markets

S&P/ASX 200

5,233.32 +60.55 NZSX 50

5,634.94 +57.16 DJIA

16,654.77 +369.26 Nikkei

18,574.44 +197.61 NASDAQ

4,812.71 +115.17 FTSE

6,192.03 +212.83 S&P 500

1,987.66 +47.15 Hang Seng

21,838.54 +758.15 SPI 200 Fut

5,276.00 +90.00 FTSTI

2,945.43 +72.43 SSEC

3,085.42 +158.13 Bonds

NetChg

NetChg AU 10 YR Bond

2.756 +0.045 US 10 YR Bond

2.191 +0.019 NZ 10 YR Bond

3.235 +0.005 US 30 YR Bond

2.929 -0.003 Currencies

1700GMT

1700GMT AUD US$

0.7164 0.7111 NZD US$

0.6469 0.6443 EUR US$

1.1241 1.1329 Yen US$

121.05 120.20 Commodities Gold (Lon)

1,119.00

Silver (Lon)

14.48 Gold (NY)

1,125.15

Light Crude

42.78 TRJCRB Index

192.63 +7.36 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street rallied more than 2 percent on Thursday as strong U.S. economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over.

The Dow Jones industrial average .DJI 2.27 percent to end at 16,654.77 and the S&P 500 .SPX jumped 2.43 percent to 1,987.66. The Nasdaq Composite .IXIC added 2.45 percent to 4,812.71.

For a full report, double click on .N

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LONDON - Britain's top share index rose on Thursday, recouping all of its losses from this week's bruising sell-off after strong U.S. data calmed global markets rocked by concerns over Chinese growth.

Britain's FTSE 100 .FTSE closed up 212.83 points, or 3.6 percent, at 6,192.03, shadowing gains made on Wall Street and in Chinese stocks. It was broadly in line with the pan-European FTSEurofirst 300 index .FTEU3 , up 3.7 percent.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average extended the previous day's gains on Thursday after a strong rebound on Wall Street and continued calm in Chinese markets eased investors' fears of a prolonged global market rout.

The Nikkei .N225 rose 1.1 percent to 18,574.44, recouping some of the huge losses it suffered in the six-day losing streak that lasted through Tuesday.

The broader Topix .TOPX gained 1.5 percent to 1,500.41 and the JPX-Nikkei Index 400 .JPXNK400 rose 1.4 percent to 13,504.86.

For a full report, double click on .T

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SYDNEY - Australian shares are set to open higher on Friday following a strong finish on Wall Street and a rebound in metals prices after data showed the U.S. economy grew faster in the second quarter than expected.

Local share price index futures YAPcm1 rose 1.7 percent to a 42.7-point premium to the underlying S&P/ASX 200 index .AXJO , pointing to a firmer openining. The benchmark rose 1.2 percent on Thursday.

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FOREIGN EXCHANGE

NEW YORK - The dollar rose for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy than had been thought and by gains in global equities, which benefited from improving risk sentiment.

In late trading, the dollar was up 0.5 percent against a currency basket .DXY at 95.589. The index has risen roughly 2.4 percent the last three days.

For a full report, double click on USD/

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TREASURIES

NEW YORK - Most U.S. Treasuries prices were modestly lower on Thursday, as a rally on Wall Street and a surprisingly large upward revision on U.S. economic growth in the second quarter revived some bets the Federal Reserve would raise rates by year-end.

Benchmark 10-year Treasuries notes US10YT=RR were down 4/32 in price to yield 2.179 percent, up more than 1 basis point from Wednesday, while two-year notes US2YT=RR fell 1/32 to yield 0.688 percent, up 2 basis points on the day.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold eased on Thursday, headed for its biggest weekly rout since March, as upbeat U.S. growth and jobs data drove up stocks and the dollar, though uncertainty over the timing of a U.S. rate rise held losses in check.

Spot gold XAU= was down 0.2 percent at $1,122.86 an ounce at 1829 GMT (2:29 p.m. EST) after seeing its biggest down day in five weeks on Wednesday. U.S. gold futures GCv1 for December delivery finished down $2 an ounce at $1,122.60.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper and zinc scored the biggest one-day gains in over two years on Thursday after comments by U.S. Federal Reserve officials helped calm global markets, including hard-hit stocks in top metals consumer China.

Benchmark LME copper CMCU3 closed up 4.2 percent at $5,140 a tonne, the biggest one-day percentage gain since May 2013. The metal is down more than 18 percent this year.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil rocketed more than 10 percent on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders.

Front month Brent crude LCOc1 for October more than reversed a week's worth of losses, rising $4.42 to settle at $47.56 a barrel, marking a 10.25 percent rise.

U.S. crude CLc1 settled up $3.96, or 10.3 percent, at $42.56 per barrel, its biggest one-day percent gain since March 2009. It had hit a February 2009 low of $37.75 on Monday.

For a full report, double click on O/R

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