Overnight market action with latest New York figures
EQUITIES
NEW YORK - Wall Street kicked off the last month of the year on a positive note as investors look out for key economic data and policy decisions by central banks.
At 12:27 p.m. ET (1627 GMT) the Dow Jones industrial average .DJI was up 110.45 points, or 0.62 percent, at 17,830.37, the S&P 500 .SPX was up 13.26 points, or 0.64 percent, at 2,093.67 and the Nasdaq Composite .IXIC was up 29.61 points, or 0.58 percent, at 5,138.28.
For a full report, double click on .N
- - - -
LONDON - Britain's top share index gained on Tuesday as the banking sector rose after passing Bank of England (BoE) stress tests, making up for underperforming European indexes in the previous session.
Financial stocks added nearly 20 points to a 39.56 point advance for the FTSE 100 .FTSE , which was up 0.6 percent at 6,395.65 by the close.
For a full report, double click on .L
- - - -
TOKYO - Japanese stocks rebounded on Tuesday to break the 20,000-point mark for the first time in more than three months, shrugging off soft Chinese factory surveys with the help of a weak yen and rising U.S. futures.
The Nikkei share average .N225 gained 1.3 percent to end the day at 20,012.40. It was the first time since August 20th that the benchmark index closed above 20,000 points.
For a full report, double click on .T
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar fell on Tuesday as upbeat European economic data and a drop in U.S. manufacturing employment knocked the greenback from 8-1/2-month highs against a basket of major currencies.
The euro EUR= gained nearly half a percent against the dollar, bouncing back from a 7-1/2-month low. The strong euro zone data interrupted what has been a steady trend of dollar strength against the single currency.
For a full report, double click on USD/
- - - -
TREASURIES
NEW YORK - U.S. Treasury debt prices rose on Tuesday, with benchmark yields touching near one-month lows after data showed that U.S. factory activity fell in November to the lowest level in six years.
U.S. benchmark 10-year Treasury notes US10YT=RR were last up 16/32 in price to yield 2.161 percent, down sharply from a yield of 2.218 percent on late Monday. The 10-year yield hit a near one-month low of 2.159 percent in the wake of the U.S. manufacturing data, which came in below expectations.
For a full report, double click on US/
- - - -
COMMODITIES
GOLD
NEW YORK - Gold rose for a second day on Tuesday, rebounding from last week's 5-1/2 year low, as a retreat in the dollar prompted investors to cover short positions ahead of a European Central Bank (ECB) meeting and U.S. payrolls data this week.
Spot gold XAU= was up 0.4 percent at $1,068.21 an ounce at 1507 GMT, while U.S. gold futures GCv1 for February delivery were up $2.60 an ounce at $1,067.90. Spot gold hit its lowest since February 2010 last week at $1,052.46.
For a full report, double click on GOL/
- - - -
BASE METALS
LONDON - Copper firmed on Tuesday on output cut plans in top metal user China, but gains were capped by data showing China's factory activity slowed in November, underlining the headwinds facing demand.
Three-month copper on the London Metal Exchange CMCU3 closed up 1 percent at $4,632 a tonne. Copper prices slumped 10 percent in November, the biggest monthly loss since January, and have fallen nearly 27 percent this year.
For a full report, double click on MET/L
- - - -
OIL
NEW YORK - Crude oil futures fell almost 1 percent on Tuesday on bets OPEC will not cut output to stem a supply glut when the world's biggest oil producers meet in Vienna later this week, although a rally in U.S. gasoline and a weak dollar limited losses.
Brent crude futures LCOc1 were down 41 cents, or 0.9 percent, at $44.21 a barrel by 1:33 p.m. EST (1833 GMT).U.S. crude's West Texas Intermediate futures CLc1 traded down 15 cents at $41.50.
For a full report, double click on O/R
- - - -