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New Zealand/Australia Morning Call-Global markets

Published 09/03/2016, 05:31 am
Updated 09/03/2016, 05:40 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
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07:30 / 1830 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,107.96 -34.85 NZSX 50

6,446.7 +27.8 DJIA

17,049.91 -24.04 Nikkei

16,783.15 -128.17 NASDAQ

4,688.37 -19.88 FTSE

6,125.44 -56.96 S&P 500

1,991.75 -10.01 Hang Seng

20,011.58 -148.14 SPI 200 Fut

5,103.00 -8.00 STI

2,778.77 -44.74 SSEC

2,899.91 +2.57 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.561 -0.021 US 10 YR Bond

1.836 -0.068 NZ 10 YR Bond

3.065 -0.010 US 30 YR Bond

2.632 -0.071 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7458 0.7422 NZD US$

0.6764 0.6763 EUR US$

1.1005 1.1019 Yen US$

112.57 113.01 ---------------------------------------------------------------- Commodities Gold (Lon)

1,267.00

Silver (Lon)

15.39 Gold (NY)

1,267.01

Light Crude

36.66 TRJCRB Index

169.64 -2.06 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street was lower on Tuesday as oil prices slipped and weak Chinese data rekindled fears of a global economic slowdown led by the world's second-biggest economy.

The S&P 500 .SPX was down 9.4 points, or 0.47 percent, at 1,992.36. The index was set to snap a five-day streak of gains not seen since October.The Nasdaq Composite index .IXIC was down 18.61 points, or 0.4 percent, at 4,689.64.

For a full report, double click on .N

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LONDON - Britain's top stock market index fell on Tuesday as big mining companies came under pressure after a report showed exports had fallen in China, the world's biggest consumer of metals.

The FTSE 100 .FTSE index was down 0.9 percent at 6,125.44 points by its close, in line with the broader European market.

For a full report, double click on .L

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TOKYO - Japan's benchmark Nikkei average ended Tuesday at its lowest in nearly one week, as a stronger yen kept investors on edge and hit the stocks of exporters.

The Nikkei .N225 closed down 0.8 percent at 16,783.15, its lowest closing level since March 2.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - Weak Chinese trade data stoked safe-haven demand for the yen and the Swiss franc on Tuesday as investors shed holdings of stocks and other risky investments on renewed concerns about a slowing global economy.

The dollar was down 0.6 percent at 112.68 yen JPY= after hitting a one-week low of 112.66. The euro slipped 0.5 percent at 124.36 yen EURJPY =.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields fell on Tuesday in line with Japanese yields after weak Chinese data revived fears of a global economic slowdown, increasing demand for safe-haven U.S. government debt ahead of a 3-year note auction.

Yields on the benchmark 10-year Treasury note US10YT=RR and on the 30-year bond US30YT=RR fell from one-month highs overnight after data showed China's February trade performance was far worse than economists had expected. Exports in the world's second-largest economy fell 25.4 percent, the most in over six years and twice as much as markets had feared.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold hovered just below a 13-month high on Tuesday, supported by a weaker dollar and lower global shares after Chinese trade data fuelled concerns about the state of global demand.

Spot gold XAU= was unchanged at $1,266 an ounce by 1506 GMT, within reach of Friday's peak of $1,279.60, its highest since Feb. 3 last year.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices tumbled on Tuesday, on course for their biggest daily loss in four months as disappointing trade numbers from top consumer China led funds to reverse their bets on higher prices.

Benchmark copper on the London Metal Exchange CMCU3 closed down 2.6 percent at $4,868 a tonne. Last week, prices hit a four-month high of $5,059 a tonne.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices fell about 3 percent on Tuesday, retreating after six days of gains for benchmark Brent crude, as Goldman Sachs (NYSE:GS) suggested the rally was unsustainable and analysts expected data likely to show another record high in U.S. stockpiles.

Brent LOCc1 was down $1, or 2.5 percent, at $39.84 a barrel by 12:42 p.m. EST (1742 GMT). During the session it hit a 2016 high of $41.48, which was up more than 50 percent from a 12-year lows of $27.10 struck less than two months ago.

For a full report, double click on O/R

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