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New Zealand/Australia Morning Call-Global markets

Published 09/05/2016, 05:44 am
Updated 09/05/2016, 05:50 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
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WELLINGTON, May 9 (Reuters) - - --------------------------------------------------------------- Snapshot at: 07:42 / 1942 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,292.05 +12.99 NZSX 50

6,898.11 +21.63 DJIA

17,740.63 +79.92 Nikkei

16,106.72 -40.66 NASDAQ

4,736.16 +19.06 FTSE

6,125.70 +8.45 S&P 500

2,057.14 +6.51 Hang Seng

20,109.87 -339.95 SPI 200 Fut

5,270.00 +22.00 STI

2,730.80 -37.01 SSEC

2,913.41 -84.43 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.315 +0.020 US 10 YR Bond

1.779 +0.000 NZ 10 YR Bond

2.640 -0.015 US 30 YR Bond

2.628 +0.000 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7353 0.7364 NZD US$

0.6813 0.6837 EUR US$

1.1393 1.1413 Yen US$

107.04 106.97 ---------------------------------------------------------------- Commodities Gold (Lon)

1,289.00

Silver (Lon)

17.45 Gold (NY)

1,288.30

Light Crude

44.66 TRJCRB Index

179.91 +0.99 ---------------------------------------------------------------- ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks rebounded from early losses to close higher on Friday as investors viewed the day's jobs data as less disappointing than first thought.

In the Labor Department report, nonfarm payrolls increased less than economists expected, and April's job gains were the smallest since September.

The Dow Jones industrial average .DJI ended up 79.92 points, or 0.45 percent, to 17,740.63, the S&P 500 .SPX gained 6.51 points, or 0.32 percent, to 2,057.14 and the Nasdaq Composite .IXIC added 19.06 points, or 0.4 percent, to 4,736.16.

For a full report, double click on .N

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LONDON - Britain's top share index closed marginally higher on Friday, with the market recovering from earlier losses as shares in miners Randgold RRS.L and Fresnillo FRES.L climbed thanks to a rise in the price of gold.

The blue-chip FTSE 100 index .FTSE ended up 0.1 percent at 6,125.70 points.

For a full report, double click on .L

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TOKYO - Japanese stocks fell on Friday as caution prevailed ahead of a U.S. jobs report, while investors also worried about the impact of a strong yen on corporate profits.

The Nikkei share average .N225 declined 0.3 percent to 16,106.72 in its first day of trade following a three-day closure for national holidays. Japan's benchmark index ended the short trading week about 3.4 percent lower.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The dollar rose against a basket of currencies on Friday as a top Federal Reserve official's remarks convinced some investors that U.S. interest rates could rise faster than expected even though April hiring data was weaker than forecast.

New York Fed President William Dudley told the New York Times it was reasonable to expect the U.S. central bank would raise rates twice in 2016 despite data that showed domestic hiring fell to 160,000 in April, its lowest in seven months.

The dollar index, which measures the greenback against six currencies, was last up 0.1 percent at 93.857 .DXY . It had fallen as much as 0.6 percent earlier in the day.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields rose on Friday after April's U.S. employment report showed signs of wage growth for American workers, an early sign that inflation may finally be strengthening, and a top Federal Reserve official said raising U.S. interest rates twice this year was still a possibility.

Benchmark 10-year yields US10YT=RR , which move in the opposite direction of the bond's price, fell to 1.705 percent earlier on Friday, their lowest since April 11. Since reversing that move, though, the price was last down 9/32, with the yield ticking up to 1.781 percent.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold jumped 1 percent on Friday after U.S. non-farm payrolls data for April came in weaker than expected, boosting expectations the Federal Reserve will delay further interest rate increases.

Spot gold XAU= hit a high of $1,295.70 an ounce after the data and was up 0.8 percent at $1,287.51 an ounce at 2:48 p.m. EDT. It was on track to close the week down 0.5 percent in sharp contrast to last week's biggest increase since early February.

U.S. gold futures GCv1 for June delivery settled up 1.7 percent at $1,294 an ounce.

For a full report, double click on GOL/

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BASE METALS

LONDON - Nickel prices bounced on Friday as the dollar slid, but the market is braced for another sell-off by funds reversing bets on higher prices, with expectations of an oversupplied market adding to the pressure.

Benchmark nickel CMNI3 on the LME ended up 0.5 percent at $9,065 a tonne. It is down about 4 percent this week and on Thursday hit a two-week low of $8,920.

Copper CMCU3 rose 0.5 percent to $4,810 a tonne, up from an earlier four-week low of $4,755.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices edged up on Friday, supported by an early dip in the dollar and a wildfire that has shrunk Canadian oil sands crude output by a third, but Brent still ended with its sharpest weekly drop in four months as investors cashed out of April's big rally.

Brent crude futures LCOc1 settled up 36 cents, or 0.8 percent, at $45.37 a barrel.

West Texas Intermediate (WTI) futures CLc1 finished up 53 cents, or about 0.8 percent too, at $44.66.

For a full report, double click on O/R

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