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New Zealand/Australia Morning Call-Global markets

Published 21/08/2015, 05:36 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
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-----------------------(07:30 / 1930 GMT)----------------------- Stock Markets

S&P/ASX 200

5,288.58 -91.61 NZSX 50

5,742.46 -7.57 DJIA

17,077.41 -271.32 Nikkei

20,033.52 -189.11 NASDAQ

4,908.84 -110.22 FTSE

6,367.89 -35.56 S&P 500

2,046.23 -33.38 Hang Seng

22,757.47 -410.38 SPI 200 Fut

5,193.00 -44.00 TRJCRB Index

194.66 +0.90 Bonds

AU 10 YR Bond

2.669 +0.008 US 10 YR Bond

2.087 -0.042 NZ 10 YR Bond

3.285 -0.010 US 30 YR Bond

2.757 -0.063 Currencies (Prev at 7pm NZST)

AUD US$

0.7335 0.7313 NZD US$

0.6622 0.6608 EUR US$

1.1197 1.1134 Yen US$

123.53 124.00 Commodities

Gold (Lon)

1147.70

Silver (Lon)

15.48

Gold (NY)

1134.06

Light Crude

41.14

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

EQUITIES

NEW YORK - Wall Street plunged in afternoon trading on Thursday, pushing the Dow and the S&P into the red for the year, after the Federal Reserve highlighted global growth concerns and sparking a sell-off in almost all sectors.

The S&P 500 .SPX was down 32.33 points, or 1.55 percent, at 2,047.28 and the Nasdaq composite .IXIC was down 114.11 points, or 2.27 percent, at 4,904.94.

For a full report, double click on .N

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LONDON - Britain's top share index fell to its lowest point in seven months on Thursday, its worst losing run since 2011 as investor concerns over the global economy resurfaced.

The blue-chip FTSE 100 index .FTSE dropped 0.6 percent to 6,367.89 points, its lowest level since January.

For a full report, double click on .L

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TOKYO - Japanese stocks fell for a third day to a near six-week low on Thursday on worries about China's economy, while SoftBank Group Corp 9984.T soared on news its president will buy the company's shares.

The Nikkei share average .N225 ended 0.9 percent lower at 20,033.52, the lowest closing level since July 10.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - he dollar fell against the euro and other major currencies on Thursday as bets dwindled that the Federal Reserve next month will raise U.S. interest rates for the first time in nearly a decade.

The euro EUR= rose the most among major currencies, gaining more than 1 percent against the dollar to top $1.12, because of turmoil in emerging market currencies touched off by China's yuan devaluation last week.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields fell Thursday after minutes from the Federal Reserve's most recent meeting offered no firm indication of how soon the Fed may raise interest rates and reducing expectations of a rate hike next month.

Benchmark 10-year notes US10YT=RR were last up 11/32 in price to yield 2.09 percent. The yields have fallen from 2.50 percent in mid-June.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK/LONDON - Gold hit its highest in five weeks on Thursday as the dollar eased after minutes from the U.S. Federal Reserve meeting suggested policymakers were in no hurry to raise interest rates.

Spot gold XAU= rose as much as 1.8 percent to $1,154 an ounce, its highest since July 15, and was up 1.7 percent at $1,152.96 at 2:40 p.m. EDT (1840 GMT).

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices rallied on Thursday as a weaker dollar helped investors see value in a metal trading near six-year lows, even as fears persisted that China's equity rout could signal deeply rooted economic problems.

Three-month copper on the London Metal Exchange CMCU3 ended up 2.7 percent higher at $5,119 a tonne from $4,985 on Wednesday, when it hit a six-year low at $4,976.

For a full report, double click on MET/L

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OIL

NEW YORK - U.S. crude prices extended gains and Brent briefly turned higher on Thursday as the first hurricane of the 2015 Atlantic season sparked concern as the front-month September contract approached expiration.

U.S. crude oil CLU5 was up 30 cents at $41.10 a barrel at 12:03 p.m. EDT (1603 GMT), after falling to a 6-1/2-year low of$40.21.

Brent October crude LCOc1 was down 7 cents at $47.09, having fallen to a fresh contract low of $46.31, still well above Brent's 2015 low of $45.19 struck in January.

For a full report, double click on O/R

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