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New Zealand/Australia Morning Call-Global markets

Published 06/06/2016, 07:39 am
Updated 06/06/2016, 07:40 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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DX
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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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DXY
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---------------------------------------------------------------- Snapshot at: 07:35 / 2135 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,318.9 +40.01 NZSX 50

7,024.38 +21.26 DJIA

17,807.06 -31.50 Nikkei

16,642.23 +79.68 NASDAQ

4,942.52 -28.85 FTSE

6,209.63 +24.02 S&P 500

2,099.13 -6.13 Hang Seng

20,947.24 +88.02 SPI 200 Fut

5,324.00 +1.00 STI

2,809.23 +14.14 SSEC

2,938.18 +12.95 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.172 -0.070 US 10 YR Bond

1.702 +0.000 NZ 10 YR Bond

2.635 +0.000 US 30 YR Bond

2.513 +0.000 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7362 0.7245 NZD US$

0.6943 0.6828 EUR US$

1.1361 1.1149 Yen US$

106.42 108.73 ---------------------------------------------------------------- Commodities Gold (Lon)

1,240.50

Silver (Lon)

16.40 Gold (NY)

1,244.09

Light Crude

48.62 TRJCRB Index

188.67 +0.64 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street finished lower on Friday, led down by financial shares, after a surprisingly weak jobs report prompted doubts about the U.S. economy and its ability to sustain a near-term interest rate hike.

The U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply. Nonfarm payrolls increased by only 38,000 jobs last month, well below economists' forecast for an increase of 164,000.

The Dow Jones industrial average .DJI fell 31.5 points, or 0.18 percent, to 17,807.06, the S&P 500 .SPX lost 6.13 points, or 0.29 percent, to 2,099.13 and the Nasdaq Composite .IXIC dropped 28.85 points, or 0.58 percent, to 4,942.52.

For a full report, double click on .N

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LONDON - Britain's top share index advanced on Friday as commodity-related stocks rebounded, with precious metals miners in demand after a disappointing U.S. jobs report.

Britain's FTSE 100 .FTSE was up 24.02 points, or 0.4 percent, at 6,209.63 points at its close, having reduced gains made earlier in the session.

For a full report, double click on .L

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TOKYO - Japanese stocks rose on Friday in thin trade, supported by gains on Wall Street and a sharp jump in index-heavy Fast Retailing after the clothing retailer posted strong monthly sales.

The Nikkei .N225 advanced 0.5 percent to end at 16,642.23. For the week, the benchmark index dropped 1.1 percent.

For a full report, double click on .T

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SYDNEY - Australian shares face a cautious start after surprisingly weak U.S. jobs growth in May spooked Wall Street on Friday. However mining stocks should help shore up the market after base metals and gold prices as the U.S. dollar fell.

Local share price index futures YAPcm1 pointed to a flat start after rising just one point to 5,324.0, a 5.1-point premium to the underlying S&P/ASX 200 index .AXJO close on Friday. The benchmark rose 0.8 percent on Friday.

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FOREIGN EXCHANGE

NEW YORK - The dollar posted its largest one-day percentage fall against a basket of major currencies since February on Friday, after a weak U.S. jobs report cast doubt on whether the Federal Reserve would raise U.S. interest rates soon.

The dollar index .DXY fell 1.6 percent to 93.989, its lowest since May 12. That was the biggest one-day percentage drop for the index since Feb. 3. For the week, the dollar index fell by about 1.5 percent.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury debt yields tumbled on Friday, as prices rallied after data showed the world's largest economy created the fewest jobs in more than five years in May, quashing expectations that the Federal Reserve would raise interest rates this summer.

U.S. two-year note yields, the maturity most sensitive to Fed rate-hike expectations, dropped to two-week lows, while benchmark 10-year note yields slid to their lowest in about two months.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold surged more than 2 percent and was on track for its biggest one-day jump in seven weeks on Friday after U.S. payrolls data fell well short of forecasts, boosting expectations that the Federal Reserve will stand pat on interest rates.

Spot gold XAU= was up 2.5 percent at $1,240.70 an ounce at 2:19 p.m. EDT (1819 GMT), while U.S. gold futures GCv1 for August delivery settled up 2.5 percent at $1,242.90 an ounce.

For a full report, double click on GOL/

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BASE METALS

LONDON - Zinc notched up a new 10-month high on Friday after the dollar tumbled due to weak U.S. jobs data and as bullish speculators kept buying ahead of expected shortages.

Copper rose after a further erosion of inventories and other base metals also joined the rally as the likelihood of early U.S. rate hikes diminished.

Three-month LME zinc CMZN3 closed 0.5 percent higher at $1,992 a tonne, after touching $2,013, the highest since July 23 last year, fuelled by buying from commodity trading advisors (CTAs), which run funds based on technical signals such as momentum, traders said.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices tumbled more than 1 percent on Friday, extending losses after weekly industry data showed U.S. drillers added rigs for only the second time this year.

Drillers added nine oil rigs in the week to June 3, Baker Hughes said. The closely followed report rekindled fears that U.S. shale drillers would turn the spigots back on as prices flirted with $50 a barrel.

Brent crude futures LCOc1 ended the session down 40 cents at $49.64 per barrel. U.S. West Texas Intermediate (WTI) crude futures CLc1 settled down 55 cents at $48.62. For the week, prices fell 1.1 percent, its first weekly decline in four weeks.

For a full report, double click on O/R

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