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New Zealand/Australia Morning Call-Global markets

Published 08/07/2015, 05:20 am
© Reuters.  New Zealand/Australia Morning Call-Global markets
UK100
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US500
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DJI
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JP225
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IXIC
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US10YT=X
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TOPX
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JPXNK400
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DXY
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-----------------------(07:15 / 1915 GMT)-----------------------

Stock Markets

S&P/ASX 200

5,581.42 +106.43 NZSX 50

5,803.17 +27.27 DJIA

17,744.91 +61.33 Nikkei

20,376.59 +264.47 NASDAQ

4,989.36 -2.58 FTSE

6,432.21 -103.47 S&P 500

2,077.66 +8.90 Hang Seng

24,975.31 -260.97 SPI 200 Fut

5,500.00 -23.00 TRJCRB Index

215.53 -2.34 Bonds

AU 10 YR Bond

2.835 -0.064 US 10 YR Bond

2.246 -0.032 NZ 10 YR Bond

3.535 -0.010 US 30 YR Bond

3.028 -0.043 Currencies (Prev at 7pm NZST)

AUD US$

0.7443 0.7484 NZD US$

0.6648 0.6656 EUR US$

1.0990 1.1026 Yen US$

122.48 122.71 Commodities

Gold (Lon)

1156.25

Silver (Lon)

15.01

Gold (NY)

1169.65

Light Crude

52.85

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

EQUITIES

NEW YORK - U.S. stocks were lower in afternoon trading as concerns of a slowdown in China weighed on commodity prices and investors fretted over aid talks for Greece as it runs out of cash.

At 12:40 p.m. ET the Dow Jones industrial average .DJI was down 87.99 points, or 0.5 percent, at 17,595.59 while the Nasdaq Composite .IXIC was down 50.07 points, or 1 percent, at 4,941.87. The S&P 500 .SPX was down 8.21 points, or 0.4 percent, at 2,060.55, after briefly falling below its 200-day moving average.

For a full report, double click on .N

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LONDON - Britain's benchmark equity index dropped on Tuesday to its lowest level in around six months, hit by persistent concerns over Greece and a pullback in mining stocks as metal prices fell.

The blue-chip FTSE 100 index .FTSE closed down 1.6 percent at 6,432.21 points, around its lowest since mid-January.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average rebounded on Tuesday as bargain hunters stepped in a day after Greek angst triggered a sharp fall, but uncertainty over China's efforts to rescue its slumping stock market capped further gains.

The Nikkei share average .N225 gained 1.3 percent to 20,376.59, after tumbling 2.1 percent the previous day in a knee-jerk reaction to rejection of austerity measures by Greek voters.

The broader Topix .TOPX rose 1 percent to 1,637.23 and the JPX-Nikkei Index 400 .JPXNK400 advanced 1 percent to 14,788.86.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The euro dropped to a five-week low against a buoyant U.S. dollar on Tuesday, after the European Central Bank left emergency liquidity aid for Greek banks at current levels but increased the haircuts on the collateral it demands.

Against the dollar, the euro fell 1.2 percent to $1.0925 EUR= , after sliding to a five-week low of $1.0917, while the dollar index .DXY rose 0.9 percent to 97.154, after earlier hitting a one-month high.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields tumbled on Tuesday, with investors worried about Greece's debt crisis and possible exit from the euro zone pushing benchmark 10-year yields to five-week lows.

The 10-year note US10YT=RR was last up 17/32 to yield 2.2153 percent after earlier yielding as little as 2.185 percent, a level last seen on June 2.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold fell to a near four-month low on Tuesday as the dollar climbed ahead of an emergency euro zone summit on Greece with the country's banks rapidly running out of cash.

Spot gold XAU= dropped to its lowest since March 18 at $1,154.45 an ounce earlier and was down 1 percent at $1,158.15 an ounce by 1341 GMT, while U.S. gold futures GCcv1 dropped 1.5 percent to $1,155.90 an ounce.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices crashed to a six-year low on Tuesday as the dollar gained on the potential for financial instability created by the Greek debt crisis and Chinese equity market losses.

Other industrial metals followed. Nickel CMNI3 slumped 10 percent, its biggest one-day percentage fall since May 2010, to $10,440 a tonne, its lowest level since April 2009.

Aluminium CMAL3 touched a six-year low at $1,641 and zinc CMZN3 hit $1,925, its lowest since Dec. 2013.

Benchmark copper CMCU3 on the London Metal Exchange fell nearly 6 percent to $5,261.50 a tonne earlier in the session, its lowest since July 2009. The metal, used in power and construction, ended $5,339.5 from $5,590 at Monday's close.

For a full report, double click on MET/L

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OIL

NEW YORK - U.S. crude sank for a second straight day on Tuesday as a near-bankrupt Greece and China's stock market losses sparked an investor flight to safe havens, with technical selling threatening to push oil further into a bear market.

U.S. crude CLc1 has lost almost 10 percent since Thursday's close for the sharpest two-day fall since end-November.

It was down 55 cents at $51.98 per barrel by 1:45 p.m. EDT (1745 GMT), after sliding almost $2 at the session low.

Brent LCOc1 was almost flat, rising a mere 5 cents to $56.59.

For a full report, double click on O/R

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