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New Zealand/Australia Morning Call-Global markets

Published 07/08/2015, 05:26 am
Updated 07/08/2015, 05:36 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
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-----------------------(07:25 / 1925 GMT)-----------------------

Stock Markets

S&P/ASX 200

5,610.10 -63.87 NZSX 50

5,928.69 -9.82 DJIA

17,405.08 -135.39 Nikkei

20,664.44 +50.38 NASDAQ

5,051.86 -88.09 FTSE

6,747.09 -5.32 S&P 500

2,082.06 -17.78 Hang Seng

24,375.28 -138.88 SPI 200 Fut

5,479.00 -49.00 TRJCRB Index

198.54 -1.24 Bonds

AU 10 YR Bond

2.818 -0.010 US 10 YR Bond

2.229 -0.039 NZ 10 YR Bond

3.400 -0.010 US 30 YR Bond

2.902 -0.042 Currencies (Prev at 7pm NZST)

AUD US$

0.7348 0.7330 NZD US$

0.6552 0.6539 EUR US$

1.0934 1.0909 Yen US$

124.67 124.81 Commodities

Gold (Lon)

1089.75

Silver (Lon)

14.68

Gold (NY)

1084.65

Light Crude

44.65

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

EQUITIES

NEW YORK - Wall Street slumped on Thursday as weak earnings reports from media companies raised fears that more viewers are ditching cable TV, dragging the sector to its worst two-day loss since the financial crisis.

At 2:36 pm the Dow Jones industrial average .DJI or 0.7 percent at 17,418.11. The S&P 500 .SPX lost 0.75 percent to 2,084.19 and the Nasdaq Composite .IXIC was down 1.53 percent at 5,061.48.

For a full report, double click on .N

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LONDON - Britain's top share index edged down on Thursday, weighed down by weakness in miners and insurer RSA, though it briefly rallied off lows after a broadly dovish update from the Bank of England.

The FTSE 100 index .FTSE ended down 5.32 points, or 0.1 percent lower at 6,747.09 points, turning slightly lower after a negative open on Wall Street.

For a full report, double click on .L

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TOKYO - Japanese shares rose on Thursday as the yen sank to a two-month low against the dollar although most of their early gains were erased on weaker Chinese stocks and caution ahead of Friday's U.S. non-farm payrolls report.

The Nikkei average .N225 rose 0.2 percent to 20,644.44. It touched 20,817.48, the highest since July 21, earlier in the session.

The broader Topix .TOPX gained 0.5 percent to 1,673.58 and the JPX-Nikkei Index 400 .JPXNK400 climbed 0.5 percent to 15,112.80.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The dollar edged lower against major currencies in choppy trading on Thursday, in a week that has seen the greenback on a generally firmer trend, as investors balanced their positions ahead of Friday's crucial U.S. nonfarm payrolls report.

The pound fell against the dollar and euro. Sterling fell 0.6 percent to $1.5508 GBP= , while the euro rose 0.6 percent versus the pound to 70.36 pence EURGBP= .

The dollar, on the other hand, was slightly lower versus the yen, at 124.76 yen JPY= , while the euro was up marginally against the greenback at $1.0914 EUR= .

The dollar index .DXY was flat at 97.94.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasuries prices rose on Thursday after traders who had sold U.S. government debt earlier this week reversed those trades on caution ahead of a key U.S. jobs report, while reduced inflation fears also supported long-dated Treasuries prices.

U.S. 30-year Treasuries prices US30YT=RR were last up 26/32 in price to yield 2.90 percent compared with a yield of 2.94 percent late Wednesday. Benchmark 10-year notes US10YT=RR were last up 9/32 in price to yield 2.24 percent, compared with a yield of 2.27 percent late Wednesday.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold edged higher on Thursday, supported by the retreating U.S. dollar and a tumble in global equities as traders awaited U.S. employment data seen as key to determining when the Federal Reserve may raise interest hikes.

Spot gold XAU= was up 0.5 percent at $1,090.11 an ounce by 1759 GMT (1:59 p.m. EST). The metal breached important technical support at $1,100 after a deep rout in late July pushed it as low as $1,077, its weakest since February 2010.

U.S. gold for December delivery GCcv1 rose 0.4 percent to settle at $1,090.10 an ounce.

For a full report, double click on GOL/

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BASE METALS

LONDON - Aluminium prices tumbled to six-year lows on Thursday as the market focused on a growing supply glut due to surging exports from top producer China and high stocks.

Benchmark aluminium CMAL3 on the London Metal Exchange slid to $1,576 a tonne, the lowest since July 2009. The metal used in transport and packaging recouped some of the losses to close at $1,592.50, down 0.2 percent.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil set multi-month lows on Thursday as investors and traders sought clues about the market's next bottom after a large drop in U.S. crude inventories failed to boost prices.

Brent LCOc1 , the global oil benchmark, settled down 7 cents at $49.52 a barrel, after setting a six-month low at $48.88.

U.S. crude CLc1 finished 49 cents lower at $44.66 after touching a 4-1/2 month bottom at $44.20.

For a full report, double click on O/R

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