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New Zealand/Australia Morning Call-Global markets

Published 11/03/2016, 05:33 am
Updated 11/03/2016, 05:40 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
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07:31 / 1831 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,150.07 -7.12 NZSX 50

6,508.28 +51.0 DJIA

16,884.16 -116.20 Nikkei

16,852.35 +210.15 NASDAQ

4,627.98 -46.40 FTSE

6,036.70 -109.62 S&P 500

1,977.20 -12.06 Hang Seng

19,984.42 -11.84 SPI 200 Fut

5,136.00 -22.00 STI

2,809.12 -1.31 SSEC

2,804.35 -58.20 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.650 +0.045 US 10 YR Bond

1.936 +0.044 NZ 10 YR Bond

2.940 -0.010 US 30 YR Bond

2.708 +0.025 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7445 0.7482 NZD US$

0.6670 0.6648 EUR US$

1.1198 1.0973 Yen US$

112.71 113.65 ---------------------------------------------------------------- Commodities Gold (Lon)

1,266.50

Silver (Lon)

15.50 Gold (NY)

1,252.56

Light Crude

38.11 TRJCRB Index

172.09 -0.13 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street reversed course and slipped sharply into the red in volatile trading on Thursday after European Central Bank President Mario Draghi signaled an end to further rate cuts.

At 12:31 p.m. ET (1731 GMT), the Dow Jones industrial average .DJI was down 107.41 points, or 0.63 percent, at 16,892.95, the S&P 500 .SPX was down 10.84 points, or 0.54 percent, at 1,978.42 and the Nasdaq Composite .IXIC was down 31.36 points, or 0.67 percent, at 4,643.02.

For a full report, double click on .N

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LONDON - Britain's blue-chip share index hit a two-week closing low on Thursday, with a sharp sell-off in commodities-related stocks puncturing an early European Central Bank-fuelled rally.

Commodities-related stocks put pressure on the benchmark FTSE 100 .FTSE index, which ended 1.8 percent lower at 6,036.70 points, the lowest close since late February.

For a full report, double click on .L

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TOKYO - Japanese stocks rose for the first time in four days on Thursday after a bounce in oil prices overnight strengthened risk appetite, while exporters benefited from a weaker yen and expectations of further easing from the European Central Bank.

The Nikkei share average .N225 rose 1.3 percent to 16,852.35.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The euro rose to a three week-high against the dollar on Thursday, rallying from a six-week low after European Central Bank (ECB) President Mario Draghi said he did not anticipate more interest rate cuts to revive a sluggish euro zone economy.

In mid-morning trading, the euro recovered from six-week lows against the dollar of $1.0823 to trade at a three-week high of $1.1158 EUR= as money market rates in the euro zone rose to price out further deposit rate cuts. The euro was last at $1.1120, up 1.1 percent.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields rose in choppy tradingafter European Central Bank President Mario Draghi suggested he does not anticipate deepening the ECB interest rate cuts announced on Thursday.

The yield on the U.S. 2-year Treasury note US2YT=RR rose to 0.934 percent, its highest since Jan.14. It closed at 0.902 percent on Wednesday.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold rebounded by 1 percent on Thursday as the euro bounced back from a six-week low against the dollar after European Central Bank (ECB) chief Mario Draghi indicated that further interest rate cuts in the euro zone are unlikely.

That sent spot gold XAU= to a low of $1,237.06 an ounce, but by 1501 GMT it had jumped back to $1,265.71, up 1.1 percent. U.S. gold futures GCv1 for April delivery were up $9.70 at $1,267.10.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices fell on Thursday in tandem with Chinese equities as worries about growth and demand in top consumer China dominated the mood, though a weaker dollar limited losses.

Benchmark copper CMCU3 on the London Metal Exchange ended down 0.9 percent at $4,890 a tonne in official rings. It hit a four-month high of $5,059 last week on expectations China would move to stave off a further economic slowdown.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices fell on Thursday, with U.S. crude retreating from three-month highs as refinery maintenance threatened to further raise record U.S. inventories of crude, while sources said an OPEC production freeze meeting was unlikely without Iran's participation.

Global oil benchmark Brent LCOc1 was down 90 cents at $40.17 a barrel by 12:58 p.m. EST (1758 GMT), off the session low of $39.63. U.S. crude CLc1 slid 40 cents to $37.89 per barrel, having recovered from an intraday low of $37.21.

For a full report, double click on O/R

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