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

Published 11/07/2016, 07:26 am
Updated 11/07/2016, 07:30 am
© Reuters.  RPT-UPDATE 1-New Zealand/Australia Morning Call-Global markets
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(Repeats to additional subscribers, with no changes to text) ---------------------------------------------------------------- Snapshot at: 07:23 / 2123 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,230.54 +2.62 NZSX 50

7,000.10

-7.4 DJIA

18,146.74 +250.86 Nikkei

15,106.98 -169.26 NASDAQ

4,956.76 +79.95 FTSE

6,590.64 +56.85 S&P 500

2,129.90 +32.00 Hang Seng

20,564.17 -142.75 SPI 200 Fut

5,250.00 +61.00 STI

2,847.04 -15.13 SSEC

2,989.25 -27.60 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

1.893 +0.008 US 10 YR Bond

1.358 +0.000 NZ 10 YR Bond

2.270 -0.020 US 30 YR Bond

2.098 +0.000 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7562 0.7489 NZD US$

0.7287 0.7244 EUR US$

1.1045 1.1079 Yen US$

100.60 100.54 ---------------------------------------------------------------- Commodities Gold (Lon)

1,354.25

Silver (Lon)

20.26 Gold (NY)

1,366.40

Light Crude

45.41 TRJCRB Index

187.17 +1.47 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied after a much-larger-than-expected jump in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull.

The Dow Jones industrial average .DJI closed 250.86 points, or 1.4 percent, higher at 18,146.74; the S&P 500 .SPX gained 32 points, or 1.53 percent, to 2,129.9 and the Nasdaq Composite .IXIC added 79.95 points, or 1.64 percent, to 4,956.76.

For a full report, double click on .N

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LONDON - Britain's top share index rose to its highest level in nearly a year on Friday and posted its third straight weekly gain as investors continue to pile into shares of large dividend-paying UK bluechip exporters.

The blue-chip FTSE 100 .FTSE equity index ended the day up 0.9 percent at 6550.30, recovering from both the referendum selloff as well as last summer's swoon across global markets.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average dropped on Friday, dragged down by caution towards the U.S. jobs report due later in the day and as the yen erased earlier losses and firmed.

The Nikkei .N225 fell 1.1 percent to 15,106.98. The index lost 3.7 percent for the week, during which concerns about Brexit resurfaced and hurt global equities.

For a full report, double click on .T

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SYDNEY - Australian shares are set to open higher on Monday, following global market gains on Friday and the resolution of the nation's election over the weekend. index futures YAPcm1 gained 1.2 percent to 5,250, a 19.5 percent premium to the underlying S&P/ASX 200 index .AXJO . The benchmark closed 0.05 percent higher on Friday.

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FOREIGN EXCHANGE

NEW YORK - The dollar slid against the yen and some currencies on Friday in choppy trading on the view that the much stronger-than-expected U.S. employment payrolls report will not persuade the Federal Reserve just yet to raise interest rates again this year.

In late trading, the dollar fell 0.4 percent against the yen to 100.46 yen JPY= , not far from the post-Brexit low of 99 yen.

For a full report, double click on USD/

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TREASURIES

NEW YORK - Short-dated U.S. Treasury yields edged higher on Friday after surprisingly strong U.S. jobs data raised expectations slightly for a Federal Reserve rate hike this year, while long-dated yields hovered near record lows on persistent concerns about global growth.

The U.S. yield curve flattened, with short-dated yields, which are more vulnerable to Fed interest rate increases, inching higher. After rising briefly after the jobs data, the yield on the U.S. 30-year US30YT=RR tumbled on concerns surrounding global economic growth, in part stemming from Britain's June 23 vote to exit the European Union.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold slipped sharply on Friday after stronger than expected U.S. payrolls data for June but rebounded quickly, underpinned by concerns over the outlook for financial markets following Britain's Brexit vote.

Spot gold XAU= , which has risen more than $100 an ounce since Britain voted to quit the EU, was down 0.1 percent at $1,358.87 an ounce by 2:27 p.m. EDT (1827 GMT). It was on track to close higher for the sixth straight week.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper and other industrial metals gained on Friday after better-than-expected U.S. jobs data bolstered hopes for economic growth and metals demand.

Three-month copper on the London Metal Exchange CMCU3 closed 0.6 percent higher at $4,711 a tonne, rebounding after hitting $4,682, its lowest level since June 27.

For a full report, double click on MET/L

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OIL

NEW YORK - Crude prices inched up in choppy trading on Friday but Brent notched its largest weekly drop in nearly six months, as strong U.S. jobs data and bargain hunting by investors pitted against seasonally weak consumption of oil.

Brent crude futures LCOc1 ended the session up 36 cents, or 0.8 percent, at $46.76 per barrel, after trading between $47.23 and $46.15.

For a full report, double click on O/R

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