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New Zealand/Australia Morning Call-Global markets

Published 25/01/2016, 05:31 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
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GC
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WELLINGTON, Jan 25 (Reuters) - - --------------------------------------------------------------- Snapshot at: 07:29 / 1829 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

4,915.95 +51.95 NZSX 50

6,121.6 +40.7 DJIA

16,093.51 +210.83 Nikkei

16,958.53 +941.27 NASDAQ

4,591.18 +119.12 FTSE

5,900.01 +126.22 S&P 500

1,906.90 +37.91 Hang Seng

19,080.51 +538.36 SPI 200 Fut

4,934.00 +55.00 STI

2,577.09 +44.39 SSEC

2,916.60 +36.12 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.747 +0.008 US 10 YR Bond

2.057 +0.000 NZ 10 YR Bond

3.270 -0.010 US 30 YR Bond

2.828 +0.000 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7000 0.7023 NZD US$

0.6480 0.6542 EUR US$

1.0798 1.0831 Yen US$

118.63 118.08 ---------------------------------------------------------------- Commodities Gold (Lon)

1,096.25

Silver (Lon)

14.01 Gold (NY)

1,097.91

Light Crude

32.19 TRJCRB Index

163.80 +4.66 ---------------------------------------------------------------- --- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street surged 2 percent on Friday to wrap up its first positive week of 2016 as a cold snap in the United States and Europe sent oil prices sharply higher. The Dow Jones industrial average .DJI rallied 1.33 percent to finish the session at 16,093.51 points while the S&P 500 .SPX surged 2.03 percent to 1,906.9. The Nasdaq Composite .IXIC jumped 2.66 percent to 4,591.18.

For a full report, double click on .N

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LONDON - Britain's top share index recorded on Friday its first weekly gain for 2016, as a respite to the slump in the oil price lifted the shares of major energy companies. The blue-chip FTSE 100 index .FTSE closed up 2.2 percent at 5,900.01 points. It also rose 1.7 percent over the week - the first time this year it has made a weekly gain.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average scored its biggest single-day gain in 4-1/2 months on Friday, helped by a weaker yen, a bounce in oil prices and a hint of more stimulus from ECB president Mario Draghi. The Nikkei share average .N225 ended 5.9 percent higher at 16,958.53, recouping most of its losses from the past two days. The broader Topix .TOPX gained 5.6 percent to 1,374.19 and the JPX-Nikkei Index 400 .JPXNK400 rose 5.6 percent to 12,391.02.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The dollar rose on Friday, boosted by increased expectations of monetary easing by central banks in Europe and Japan, and by a bump in global equities and oil prices that renewed market risk appetite.

The dollar rose 0.9 percent to 118.75 yen JPY= . The euro EUR= fell below $1.08 to the dollar for the second time in as many days, nearing a two-week low.

The dollar index .DXY , which measures the greenback against a basket of six other major currencies, rose 0.51 percent to 99.557.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasuries prices slumped on Friday as a resurgence in oil and stock prices that had been battered by fears over slowing global growth and a glut of crude sparked a fresh wave of selling of safe-haven government debt.

Benchmark 10-year Treasury notes US10YT=RR were down 9/32 in price to yield of 2.052 percent, up 3 basis points from late on Thursday. The 30-year bond US30YT=RR was down 19/32 in price, yielding 2.825 percent, up 3 basis points. The two-year yield US2YT=RR , more sensitive to changes in traders' view of Fed policy, rose 4 basis points to 0.869 percent.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold fell on Friday as hints of more monetary stimulus from the European Central Bank weighed on the euro and pushed stocks higher, denting appetite for alternative assets.

Spot gold XAU= was down 0.6 percent at $1,095.16 an ounce at 2 p.m. EST (1900 GMT), while U.S. gold futures GCv1 for February delivery closed down $1.90, or 0.2 percent, at $1,096.30.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper hit a two-week high on Friday and posted its biggest weekly gain since early October as oil prices jumped 8 percent and Chinese physical premiums gained ground.

Three-month copper on the London Metal Exchange CMCU3 ended up 0.3 percent at $4,443 a tonne, having earlier hit its highest since Jan. 8 at $4,484.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices surged 10 percent on Friday, one of the biggest daily rallies ever, as bearish traders who had taken out record short positions scrambled to close them, betting the market's long rout may finally be over.

The onset of a massive snowstorm on the U.S. East Coast sent U.S. heating oil HOc1 up more than 10 percent, helping fuel a 15 percent gain in crude prices over two days that has reversed nearly half of the relentless, fund-driven selloff that had pushed crude below $30 a barrel for the first time in 12 years.

Brent LCOc1 rose $2.93, or 10 percent, to settle at $32.18 a barrel. It was the biggest daily rise since a fierce short-covering rally in late August, when prices had just tested post-financial crisis lows around $42 a barrel.

For a full report, double click on O/R

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