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

Published 12/10/2016, 07:20 am
Updated 12/10/2016, 07:30 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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DX
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GC
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LCO
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CL
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IXIC
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US10YT=X
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DXY
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(Adds Australian shares and new figures throughout) ---------------------------------------------------------------- Snapshot at: 07:18 / 2018 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,479.80 +4.37 NZSX 50

7,124.23 +7.31 DJIA

18,128.66 -200.38 Nikkei

17,024.76 +164.67 NASDAQ

5,246.79 -81.89 FTSE

7,070.88 -26.62 S&P 500

2,136.73 -26.93 Hang Seng

23,549.52 -302.30 SPI 200 Fut

5,420.00 -45.00 STI

2,856.13 -14.11 SSEC

3,066.09 +17.95 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.263 +0.012 US 10 YR Bond

1.766 +0.030 NZ 10 YR Bond

2.515 -0.010 US 30 YR Bond

2.503 +0.034 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7537 0.7554 NZD US$

0.7059 0.7071 EUR US$

1.1054 1.1115 Yen US$

103.44 103.90 ---------------------------------------------------------------- Commodities Gold (Lon)

1,253.45

Silver (Lon)

17.42 Gold (NY)

1,259.36

Light Crude

50.81 TRJCRB Index

189.16 -1.12 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street sold off on Tuesday as disappointing corporate reports gave a sour tone to the start of earnings season and investors digested possible changing dynamics for the upcoming U.S. elections. The Dow Jones industrial average .DJI fell 197.27 points, or 1.08 percent, to 18,131.77, the S&P 500 .SPX lost 26.82 points, or 1.24 percent, to 2,136.84 and the Nasdaq Composite .IXIC dropped 81.89 points, or 1.54 percent, to 5,246.79.

For a full report, double click on .N

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LONDON - Britain's blue-chip equity index hit an all-time high on Tuesday while the mid-cap index outperformed European peers as sterling came under renewed pressure on currency markets, though a fall in commodity-related stocks weighed.

The FTSE 100 .FTSE index closed 0.4 percent lower at 7,070.88 points, having hit a record high of 7,129.83 points earlier in the session.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average rose to a five-week high on Tuesday, led by mining stocks after oil prices jumped the previous day and a weak yen lifted risk appetite.

The Nikkei rose 1.0 percent to 17,024.76, the highest closing level since Sept. 6.

For a full report, double click on .T

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SYDNEY - Australian shares look set fall on Wednesday, tracking a tumble on Wall St driven by a weak start to the U.S. quarterly earnings season.

Local share price index futures YAPcm1 fell 0.8 percent to 5,420.0, a 59.8-point discount to the underlying S&P/ASX 200 index .AXJO , pointing to a sharply lower opening. The benchmark closed steady on Tuesday, adding 0.08 percent.

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FOREIGN EXCHANGE

NEW YORK - The dollar surged to a seven-month high against a major currency basket on Tuesday, as investors increased bets the Federal Reserve would raise interest rates in December following a round of generally solid U.S. economic data over the last few weeks.

In late trading the dollar index .DXY , which measures the greenback against six major currencies, rose 0.8 percent to 97.650 after hitting its highest since March. The British pound, which has weakened for four straight sessions, fell 1.8 percent to $1.2128 GBP= .

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields rose to a four-month high on Tuesday in technical trading that squared the market with a fall in Treasury futures prices the day before when the cash market for bonds was closed for the Columbus Day holiday.

Benchmark 10-year Treasury notes US10YT=RR were down 5/32 in price to yield 1.75 percent. Yields on the 10-year note had risen to 1.78 percent, the highest since an anemic June U.S. jobs report torpedoed investor bets on a rate hike by the Fed that month.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold prices fell on Tuesday as the dollar strengthened on increasing bets that the Federal Reserve will raise U.S. interest rates in December.

Spot gold XAU= had dropped 0.3 percent at $1,255.7 an ounce by 1:47 p.m. EDT (1747 GMT), while U.S. gold futures GCcv1 settled down 0.4 percent at $1,255.9 per ounce.

For a full report, double click on GOL/

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BASE METALS

LONDON - Aluminium prices hit two-month highs on Tuesday before retreating on profit-taking as the spotlight returned to oversupply and expectations of rising output in China.

Benchmark aluminium CMAL3 ended down 0.7 percent at $1,679 a tonne. The metal used in transport and packaging had earlier touched $1,693, it highest since Aug. 18.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about much that would reduce a crude glut.

On Tuesday, Brent crude LCOc1 settled down 73 cents, or 1.4 percent, at $52.41 a barrel, retreating from a one-year high of $53.73 hit on Monday. U.S. West Texas Intermediate (WTI) crude CLc1 fell 56 cents, or 1 percent, to settle at $50.79.

For a full report, double click on O/R

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