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RPT-New Zealand/Australia Morning Call-Global markets

Published 10/07/2015, 05:20 am
© Reuters.  RPT-New Zealand/Australia Morning Call-Global markets
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(Repeats to additional subscribers)

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Stock Markets

S&P/ASX 200

5,470.97 +1.45 NZSX 50

5,737.44 -30.26 DJIA

17,607.39 +91.97 Nikkei

19,855.50 +117.86 NASDAQ

4,939.12 +29.36 FTSE

6,581.63 +90.93 S&P 500

2,058.29 +11.61 Hang Seng

24,392.79 +876.23 SPI 200 Fut

5,414.00 +6.00 TRJCRB Index

217.59 +2.33 Bonds

AU 10 YR Bond

2.873 +0.055 US 10 YR Bond

2.303 +0.097 NZ 10 YR Bond

3.410 -0.010 US 30 YR Bond

3.099 +0.114 Currencies (Prev at 7pm NZST)

AUD US$

0.7441 0.7479 NZD US$

0.6731 0.6730 EUR US$

1.1025 1.1097 Yen US$

121.32 121.39 Commodities

Gold (Lon)

1164.25

Silver (Lon)

15.43

Gold (NY)

1157.85

Light Crude

52.86

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Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks trimmed earlier strong gains in afternoon trading on Thursday after Wall Street found relief in Beijing's efforts to halt a rout in Chinese stocks, which lifted markets around the world.

At 2:25 p.m. (1825 GMT) the Dow Jones industrial average .DJI was up 44.39 points, or 0.25 percent, at 17,559.81. The S&P 500 .SPX was up 6.19 points, or 0.3 percent, at 2,052.87 and the Nasdaq Composite .IXIC was up 19.75 points, or 0.4 percent, at 4,929.51.

For a full report, double click on .N

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LONDON - Britain's top equity index moved further away from this week's six-month lows on Thursday, lifted by well-received results from Associated British Foods ABF.L and Barratt Developments BDEV.L .

The FTSE 100 .FTSE rose 90.93 points, or 1.4 percent to 6,581.63 points by the close, having hit a six-month low in the previous session.

For a full report, double click on .L

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TOKYO - Japanese stocks ended up on Thursday, pulling back from 3-month lows in volatile trade as China's markets stemmed their rout after Beijing slapped curbs on selling in the latest of a flurry of emergency measures to avert a full-blown crisis.

The Nikkei average .N225 rose 0.6 percent to 19,855.50 after falling as much as 3.2 percent to 19,115.20 in the morning.

The broader Topix index .TOPX fell 0.2 percent to 1,579.89 after diving as much as 3.6 percent to 1,526.09, its lowest since April 1. Trading was heavy, with 3.7 billion shares changing hands, the largest since last November.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded and worries about Greece eased somewhat as Europe awaited reform proposals from the debt-burdened country to back its request for another three-year loan.

In late New York trading, the dollar was up 0.5 percent against the yen at 121.32 JPY= . The greenback also rose against the Swiss franc CHF= , up 0.3 percent at 0.9485 franc.

The euro EUR= , meanwhile, was down 0.6 percent against the dollar at $1.1011 having topped $1.11 in Asian trade.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury debt prices fell on Thursday as China's beaten-down stock markets rose after recent huge falls and Wall Street bounced back from sharp losses.

Yields on the 30-year bond US30YT=RR were knocked under 3 percent on Wednesday but were last at 3.0528 percent, reflecting a price drop of 1-11/32.

The 10-year note US10YT=RR was down 18/32 in price and yielding 2.2708 percent.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold rose on Thursday as a recovery in Chinese shares cooled fears of a wider rout in the major bullion consumer, and after minutes from the Federal Reserve's last meeting suggested caution towards a near-term increase in interest rates.

Spot gold XAU= was up 0.5 percent at $1,164.03 an ounce at 1400 GMT, while U.S. gold futures GCv1 for August delivery were flat at $1,163.50.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices rebounded further on Thursday from a six-year low hit in the previous session, as Beijing managed to halt panic selling in Chinese equities, though underlying worries about China's growth persisted.

Three-month copper on the London Metal Exchange CMCU3 closed up 2 percent at $5,632 a tonne. It gained 3.4 percent in the previous session, having sunk at one point to its weakest since July 2009 at $5,240.

For a full report, double click on MET/L

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OIL

NEW YORK - Crude oil futures jumped 3 percent on Thursday, rebounding forcefully from the three-month lows of this week, as China's stock market steadied from its collapse and uncertainties remained about a nuclear deal that will allow Iran to export more crude.

Brent crude futures LCOc1 were up $1.80, or 3.2 percent, at $58.85 a barrel by 10:55 a.m. EDT (1555 GMT), rising more than $2 at the session high. It had plumbed an early April low of $55.10 on Monday.

U.S. crude futures CLc1 rose $1.25 to $52.90, rebounding from this week's three-month low of $50.58.

For a full report, double click on O/R

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