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New Zealand/Australia Morning Call-Global markets

Published 06/07/2016, 05:23 am
Updated 06/07/2016, 05:30 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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US10YT=X
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US30YT=X
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WELLINGTON, July 6 (Reuters) - - --------------------------------------------------------------- Snapshot at: 07:23 / 1923 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,228.00 -53.78 NZSX 50

6,970.99 +30.04 DJIA

17,822.23 -127.14 Nikkei

15,669.33 -106.47 NASDAQ

4,810.78 -51.78 FTSE

6,545.37 +23.11 S&P 500

2,085.00 -17.95 Hang Seng

20,750.72 -308.48 SPI 200 Fut

5,157.00 -29.00 STI

2,864.67 -5.89 SSEC

3,007.11 +18.51 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

1.889 -0.057 US 10 YR Bond

1.368 -0.093 NZ 10 YR Bond

2.315 -0.015 US 30 YR Bond

2.140 -0.108 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7455 0.7500 NZD US$

0.7143 0.7191 EUR US$

1.1066 1.1125 Yen US$

101.62 101.89 ---------------------------------------------------------------- Commodities Gold (Lon)

1,350.75

Silver (Lon)

19.87 Gold (NY)

1,350.40

Light Crude

46.72 TRJCRB Index

189.66 -4.60 ---------------------------------------------------------------- ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street stocks fell in afternoon trading on Tuesday as investors faced continued uncertainty in Europe and tumbling oil prices weighed on energy shares.

At 2:20 p.m. (1820 GMT), the Dow Jones industrial average .DJI was down 130.39 points, or 0.73 percent, to 17,818.98, the S&P 500 .SPX had lost 17.28 points, or 0.82 percent, to 2,085.67 and the Nasdaq Composite .IXIC had dropped 50.52 points, or 1.04 percent, to 4,812.04.

For a full report, double click on .N

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LONDON - Britain's top shares index rose on Tuesday, lifted by new measures from the Bank of England to prop up the economy in the wake of the country's vote to leave the European Union.

The blue-chip FTSE 100 index .FTSE initially fell by some 0.6 percent but then rose on the back of the Bank of England's new measures and closed 0.4 percent higher at 6,545.37 points.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average ended a six-day winning streak in thin trade on Tuesday after a stronger yen triggered profit taking, while bank shares underperformed on fears of counterparty risk following a fall in European bank stocks.

The Nikkei .N225 dropped 0.7 percent to 15,669.33 after gaining 5.5 percent in the course of its six day rally.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The Japanese yen rose almost one percent against the euro and dollar while sterling fell to new long-term lows on Tuesday as currency markets priced in more signs of economic stress stemming from Britain's vote to leave the European Union.

Sterling passed the lows hit after last month's vote, sinking to a more than two-and-a-half-year low against the euro EURGB= , a 31-year low of $1.3112 GBP=D4, and its weakest level in broader trade-weighted terms in more than three years.

For a full report, double click on USD/

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TREASURIES

NEW YORK - Benchmark 10-year U.S. Treasury yields hovered near record lows touched in early trading on Tuesday on uncertainty surrounding the economic fallout from Britain's vote to exit the European Union and the prospect of a dovish Federal Reserve until at least late 2017.

U.S. 10-year Treasury notes US10YT=RR were last up 21/32 in price to yield 1.389 percent after touching a record low of 1.377 percent at 5:39 a.m. ET (0939 GMT), while 30-year bonds US30YT=RR were last up 2-2/32 in price to yield 2.157 percent after touching a yield of 2.141 percent at 5:39 a.m. ET.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold prices rose for a fifth straight session and traded close to a two-year high above $1,350, as weak China data and ongoing uncertainty following Britain's vote to leave the European Union triggered a fresh wave of demand for the safe-haven metal.

Spot gold XAU= was up 0.4 percent at $1,355.51 an ounce by 2:11 p.m. EDT (1811 GMT). U.S. gold futures GCv1 for August delivery settled up about 1.5 percent at $1,358.70 an ounce. U.S. markets were closed on Monday for the July Fourth Independence Day holiday.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper slid on Tuesday after producer hedging, a firm dollar, profit-taking and rising inventories sparked a sharp sell-off, but further losses are likely to be limited due to funds waiting to buy at lower prices.

Benchmark copper CMCU3 on the London Metal Exchange ended down 1.5 percent at $4,817 a tonne. The metal used in power and construction hit a two-month high of $4,960 on Monday, a rise of seven percent since June 9.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices tumbled nearly 5 percent on Tuesday as investors worried that Britain's exit from the European Union would slow the global economy, making it unlikely energy demand will grow enough to absorb a supply glut.

Brent futures LCOc1 settled down $2.14, or 4.3 percent, at $47.96 a barrel while U.S. crude CLc1 fell $2.39, or 4.9 percent, to end at $46.60.

For a full report, double click on O/R

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