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New Zealand/Australia Morning Call-Global markets

Published 29/07/2015, 05:20 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
UK100
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XAU/USD
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US500
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DJI
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AXJO
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JP225
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HK50
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GC
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HG
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LCO
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CL
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IXIC
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US10YT=X
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US30YT=X
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TOPX
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FTEU3
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JPXNK400
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-----------------------(07:19 / 1919 GMT)-----------------------

Stock Markets

S&P/ASX 200

5,584.69 -5.20 NZSX 50

5,848.38 -23.68 DJIA

17,635.18 +194.59 Nikkei

20,328.89 -21.21 NASDAQ

5,090.16 +50.38 FTSE

6,555.28 +50.15 S&P 500

2,094.03 +26.39 Hang Seng

24,503.94 +151.98 SPI 200 Fut

5,570.00 +28.00 TRJCRB Index

204.39 +1.71 Bonds

AU 10 YR Bond

2.798 +0.035 US 10 YR Bond

2.252 +0.024 NZ 10 YR Bond

3.315 +0.000 US 30 YR Bond

2.966 +0.022 Currencies (Prev at 7pm NZST)

AUD US$

0.7323 0.7316 NZD US$

0.6681 0.6665 EUR US$

1.1050 1.1056 Yen US$

123.59 123.54 Commodities

Gold (Lon)

1096.20

Silver (Lon)

14.65

Gold (NY)

1094.02

Light Crude

47.74

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Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks were higher on Tuesday and were on track to break a five-day losing streak as a selloff in Chinese stocks eased and investors shifted focus to corporate earnings.

At 12:43 a.m. ET (1643 GMT), the Dow Jones industrial average .DJI was up 133.79 points, or 0.77 percent, at 17,574.38, the S&P 500 .SPX was up 18.89 points, or 0.91 percent, at 2,086.53 and the Nasdaq Composite .IXIC was up 33.28 points, or 0.66 percent, at 5,073.06.

For a full report, double click on .N

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LONDON - Britain's top share index snapped a five-day losing streak on Tuesday, with hopes for corporate deal-making and robust corporate results offsetting market turmoil in China and worries about emerging-market growth.

The FTSE 100 index .FTSE closed up 0.8 percent at 6,555.28 points, while the pan-European FTSEurofirst 300 index .FTEU3 rose 1 percent. The FTSE hit a record 7,122.74 points in April but is now more than 8 percent below that high.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average edged down on Tuesday in volatile trade after crawling back from a more than two-week low hit earlier in the session as Chinese shares pared losses.

The Nikkei share average .N225 ended 0.1 percent lower at 20,328.89 after traversing positive and negative territory. In the morning, it fell to as low as 20,070.62, the lowest level since July 13.

The broader Topix .TOPX dropped 0.5 percent to 1,629.46 and the JPX-Nikkei Index 400 .JPXNK400 shed 0.6 percent to 14,698.04.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the greenback on expectations that the Federal Reserve could take a hawkish bias in a policy statement on Wednesday.

Tuesday's less dramatic move in Chinese shares allowed the dollar to regain some ground. The dollar hit its highest level against the Swiss franc in over three months of 0.96740 franc CHF=EBS early in the session.

The euro was last down 0.37 percent against the dollar at $1.10465, after hitting a two-week high of $1.11295 on Monday EUR=EBS . The dollar was up 0.29 percent against the yen at 123.600 yen JPY=EBS after hitting a nearly two-week low of 123.010 yen on Monday.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasuries fell on Tuesday, with analysts and traders citing a stabilization of Chinese equities prices and a new supply of issuance exacerbated by seasonally low trading volumes.

In midmorning trade, the 10-year U.S. benchmark Treasury traded down 8/32 of a point in price, lifting the yield, which moves in the opposite direction, to 2.25 percent. US10YT=RR

The 30-year Treasury bond fell 17/32 of a point in price, lifting the yield up to 2.97 percent. US30YT=RR

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK/LONDON - Gold firmed on Tuesday but remained near 5-1/2-year lows as markets braced for this week's Federal Reserve meeting, at which policymakers are expected to give further clues on the timing of a U.S. rate increase.

Spot gold XAU= was up 0.2 percent at $1,095.28 an ounce at 2:26 p.m. EDT (1826 GMT), not far from Friday's low of $1,077, its weakest since early 2010.

U.S. gold futures GCv1 for August delivery settled down 20 cents an ounce at $1,096.40.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices rose on Tuesday, but the market remained nervous over the latest convulsions in Chinese equities and the possible ramifications for demand from the world's top metals consumer.

Benchmark copper CMCU3 on the London Metal Exchange rose 2.2 percent to close at $5,300 a tonne from $5,188 at the close on Monday, when the metal used in power and construction hit a six-year low at $5,164.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices steadied on Tuesday, recovering from near six-month lows, with U.S. crude rising more than 1 percent as bets for a drop in U.S. crude stockpiles offset worries about a global supply glut and equity market meltdown in China.

Brent futures LCOc1 settled down 17 cents, or 0.3 percent, at $53.30 a barrel. It had hit $52.28 earlier in the session, its lowest since early February, on concerns about the stock market plunge in China, the world's largest energy consumer.

U.S. crude futures CLc1 settled up 59 cents, or 1.2 percent, at $47.98 a barrel. It rose more than $1 at the session high after touching its lowest since March at $46.68.

For a full report, double click on O/R

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