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New Zealand/Australia Morning Call-Global markets

Published 10/02/2016, 05:25 am
Updated 10/02/2016, 05:30 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
UK100
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JP225
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07:23 / 1823 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

4,832.08 -143.32 NZSX 50

6,071.3 -82.50 DJIA

15,910.42 -116.63 Nikkei

16,085.44 -918.86 NASDAQ

4,237.09 -46.66 FTSE

5,632.19 -57.17 S&P 500

1,838.85 -14.59 Hang Seng

19,288.17 +105.08 SPI 200 Fut

4,745.00 -30.00 STI

2,623.21 +64.72 SSEC

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

NetChg

NetChg AU 10 YR Bond

2.441 +0.032 US 10 YR Bond

1.718 -0.018 NZ 10 YR Bond

3.030 +0.000 US 30 YR Bond

2.555 -0.005 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7063 0.7039 NZD US$

0.6644 0.6599 EUR US$

1.1308 1.1193 Yen US$

114.75 114.91 ---------------------------------------------------------------- Commodities Gold (Lon)

1,191.00

Silver (Lon)

15.42 Gold (NY)

1,190.76

Light Crude

28.17 TRJCRB Index

156.91 -3.67 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street was lower on Tuesday, after bouncing between gains and losses in a choppy session, as the beaten-down energy and financials stocks fell further and a rebound in technology faded.

At 12:30 p.m. ET (1730 GMT), the Dow Jones industrial average .DJI was down 79.96 points, or 0.5 percent, at 15,947.09. The S&P 500 .SPX was down 8.99 points, or 0.49 percent, at 1,844.45. The index is down 13.18 percent from its record high in May through Monday's close.

For a full report, double click on .N

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LONDON - Weaker mining and banking stocks kept Britain's top share index mired near three-year lows on Tuesday as concern lingered over the global economy and the health of the financial sector.

The FTSE 100 index .FTSE , was down 1 percent at 5,632.19 points at its close, near its lowest for about three years and down 20 percent from its record high of 7,122.74 in April 2015. It has lost nearly 10 percent since the start of 2016.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average posted its biggest daily drop in nearly three years on Tuesday, with banks taking the brunt of the sell-off, while a stronger yen dragged down stocks across the board.

The Nikkei .N225 ended 5.4 percent lower at 16,085.44 points, its lowest closing level since Jan. 21 and its heftiest percentage drop since mid-2013.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The dollar tumbled to a nearly four-month low on Tuesday as growing fears of a global slowdown pushed investors to safe-haven currencies like the Japanese yen and Swiss franc.

The dollar index .DXY , which measures the greenback against a basket of world currencies, fell below 96 for the first time since October. It was last down 0.55 percent at 96.046.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasuries prices rose on Tuesday as investors concerned about slowing global growth continued to shun stocks, adding interest in safe-haven U.S. government debt.

Overnight, Treasury prices rose sharply, with the yield on the 10-year note US10YT=RR falling to 1.690 percent, its lowest in a year, while the yield on the 30-year bond US30YT=RR fell to 2.514 percent, its lowest since April.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold steadied on Tuesday after surging to a 7-1/2 month high the previous day but was still underpinned by risk aversion as equities remained volatile and the dollar was weak.

Spot gold XAU= was trading down 0.1 percent at $1,189.96 an ounce by 1527 GMT, after rising to $1,200.60 on Monday, its strongest since June 22 last year.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices tumbled to two-week lows on Tuesday as the rout in equities undermined growth sentiment, though volumes were subdued by a holiday in China and a market waiting for clues on demand prospects in the country.

Benchmark copper CMCU3 ended 2.2 percent down at $4,508 a tonne. The metal used widely in power and construction earlier hit a session low of $4,467.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices fell nearly 6 percent on Tuesday as equity markets remained weak and forecasts of swelling record high U.S. crude stockpiles faced expectations that global demand will not grow quickly enough to erase the overhang of crude any time soon. Brent crude LCOc1 was down $1.84, or 5.7 percent, at $31.04 a barrel. U.S. crude CLc1 fell 96 cents, or 3.2 percent to $28.73.

For a full report, double click on O/R

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