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

Published 09/02/2016, 07:47 am
Updated 09/02/2016, 07:50 am
© Reuters.  UPDATE 1-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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BHP
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BHPB
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GC
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HG
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LCO
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IXIC
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US2YT=X
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US10YT=X
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US30YT=X
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(Add Australian stock market trend) ---------------------------------------------------------------- Snapshot at: 07:44 / 2044 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

4,975.39 -0.78 NZSX 50

6,153.80 +16.00 DJIA

16,013.93 -191.04 Nikkei

17,004.30 +184.71 NASDAQ

4,281.45 -81.69 FTSE

5,689.36 -158.70 S&P 500

1,852.65 -27.40 Hang Seng

19,288.17 +105.08 SPI 200 Fut

4,863.00 -60.00 STI

2,623.21 +64.72 SSEC

2,763.95 -17.07 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.471 -0.115 US 10 YR Bond

1.745 -0.103 NZ 10 YR Bond

3.060 -0.105 US 30 YR Bond

2.569 -0.112 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7087 0.7092 NZD US$

0.6623 0.6636 EUR US$

1.1193 1.1140 Yen US$

115.69 117.48 ---------------------------------------------------------------- Commodities Gold (Lon)

1,193.25

Silver (Lon)

15.35 Gold (NY)

1,173.29

Light Crude

30.13 TRJCRB Index

160.58 -1.35 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks added to losses in late Monday trading in a broad selloff that drove financial, tech, consumer and materials indexes down more than 3 percent amid persistent fears of a global slowdown.

At 2:40 p.m. the Dow Jones industrial average .DJI was down 377.41 points, or 2.33 percent, to 15,827.56, the S&P 500 .SPX had lost 49.09 points, or 2.61 percent, to 1,830.96 and the Nasdaq Composite .IXIC had dropped 144.92 points, or 3.32 percent, to 4,218.22.

For a full report, double click on .N

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LONDON - Britain's top share index fell on Monday to its lowest level in more than two weeks, weighed down by falls in banking stocks to multi-year lows and weakness in the tech sector.

Growth sensitive sectors weighed on the FTSE 100 .FTSE as concern over the state of the global economy mounted.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average rebounded on Monday in choppy trade, snapping a four-day losing streak as a weak yen offset concerns about weak Japanese companies' earnings and slumping U.S. stocks.

The Nikkei .N225 ended 1.1 percent higher at 17,004.30 after falling as low as 16,552.30 in morning trade, the lowest since Jan. 22.

For a full report, double click on .T

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SYDNEY - Australian stocks are set to fall on Tuesday, tracking a decline on Wall Street following worries about global growth and sliding oil prices.

Stock index futures YAPcm1 dropped 1.5 percent to 4,847 or a 76-point discount to the close of the underlying S&P/ASX 200 index .AXJO on Monday.

The benchmark closed unchanged in the last session, but was still down 6 percent so far this year.

Natural resources and financial stocks are likely to come under pressure with global miner BHP Billiton (L:BLT) BHP.AX expected to open around 2.4 percent lower.

Cochlear will release its results later in the session.

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FOREIGN EXCHANGE

NEW YORK - The dollar fell to a 15-month low against the yen on Monday as a renewed slide in oil prices and doubts about the effectiveness of the Bank of Japan's negative interest-rate policy drove investors back into the safe-haven currency.

The yen EURJPY= also gained more than 1 percent against the euro, touching a two-week high, as it benefited from its safe-haven status and worry over Europe's banks.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury prices rose on Monday, with the yield on the 10-year note reaching a one-year low, as falling stocks and renewed concerns about slowing global growth increased investor appetite for safe-haven government debt.

The yield on the 10-year note US10YT=RR fell to a low of 1.765 percent, its lowest since February 2015, while the yield on the 30-year bond US30YT=RR slipped to 2.592 percent, the lowest since April, The two-year note's US2YT=RR yield fell to 0.67 percent, its lowest since October.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - The price of gold jumped more than 2 percent on Monday to touch its highest level since June, extending last week's sharp gains, as sliding stock markets and worries over global economic growth prompted investors to seek safety in hard assets.

Spot gold XAU= reached a peak of $1,198.70 an ounce, its strongest since June 22, after breaking key resistance at its October high at $1,190.63. By 1515 GMT it was up 2 percent at $1,196.9 an ounce.

For a full report, double click on GOL/

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BASE METALS

LONDON - Nickel bounced on Monday after touching its lowest in more than 12 years and most other industrial metals also climbed on a weaker dollar and a decline in selling from China.

LME copper CMCU3 was the only LME metal ending weaker, dipping 0.4 percent to $4,610 a tonne, extending losses from the previous session after hitting a one-month high of $4,720 a tonne on Thursday.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices were down 2 percent on Monday as supply overhang concerns grew after a Saudi-Venezuela meeting at the weekend showed few signs of coordination to boost prices.

By noon (1800 GMT), Brent crude LCOc1 was down 53 cents, or 1.6 percent, at $33.53 a barrel, paring a fall of more than 3 percent earlier in the session.

For a full report, double click on O/R

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