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RPT-New Zealand/Australia Morning Call-Global markets

Published 22/07/2015, 05:15 am
© Reuters.  RPT-New Zealand/Australia Morning Call-Global markets
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Stock Markets

S&P/ASX 200

5,706.72 +19.83 NZSX 50

5,876.91 +14.98 DJIA

17,890.36 -210.05 Nikkei

20,841.97 +191.05 NASDAQ

5,207.26 -11.60 FTSE

6,769.07 -19.62 S&P 500

2,117.39 -10.89 Hang Seng

25,536.43 +131.62 SPI 200 Fut

5,627.00 -19.00 TRJCRB Index

212.01 +0.16 Bonds

AU 10 YR Bond

2.938 -0.012 US 10 YR Bond

2.343 -0.031 NZ 10 YR Bond

3.470 -0.010 US 30 YR Bond

3.081 -0.025 Currencies (Prev at 7pm NZST)

AUD US$

0.7422 0.7357 NZD US$

0.6634 0.6604 EUR US$

1.0933 1.0829 Yen US$

123.96 124.38 Commodities

Gold (Lon)

1105.60

Silver (Lon)

14.78

Gold (NY)

1096.55

Light Crude

50.36

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

EQUITIES

NEW YORK - U.S. stocks fell on Tuesday in the wake of results from IBM and United Technologies which curbed some optimism over earnings season while investors awaited quarterly profits from tech giants including Apple and Microsoft.

The Dow Jones industrial average .DJI fell 204.51 points, or 1.13 percent, to 17,895.9, the S&P 500 .SPX lost 9.58 points, or 0.45 percent, to 2,118.7 and the Nasdaq Composite .IXIC dropped 9.25 points, or 0.18 percent, to 5,209.61.

For a full report, double click on .N

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LONDON - Britain's top stock index edged lower on Tuesday as a mixed set of corporate results and lingering concern over commodity price falls outweighed a rebound in gold-mining companies and a rally in car insurers.

The FTSE 100 index .FTSE closed down 0.3 percent at 6,769.07 points after gaining 0.2 percent in the previous session. Receding fears over Greece have helped British and European shares rally in recent weeks, although UK equities remain 5 percent below April's record high.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average climbed to near four-week highs on Tuesday, supported by growing expectations for strong first-quarter earnings while gains in Chinese shares also underpinned sentiment.

The Nikkei share average .N225 ended 0.9 percent higher at 20,841.97, the highest closing level since June 24.

The broader Topix .TOPX gained 0.7 percent to 1,673.88 and the JPX-Nikkei Index 400 .JPXNK400 advanced 0.6 percent to 15,110.63.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The euro on Tuesday rebounded from three-month lows against the dollar as traders pared bearish bets as Greece proceeded to adopt the tough measures required by its lenders to obtain cash and avert bankruptcy.

The euro EUR= was last up 1.1 percent at $1.0943 after retesting a near three-month low of $1.0808 set on Monday. It is down 1.7 percent so far this month.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasuries prices were little changed on Tuesday on uncertainty that the Federal Reserve will hike rates in September, while reduced concerns over Greece stymied demand for U.S. government debt.

Benchmark 10-year Treasury notes US10YT=RR were last up 2/32 in price to yield 2.37 percent, roughly unchanged from late Monday. U.S. 30-year bonds US30YT=RR were last down 1/32 to yield 3.10 percent, from a yield of 3.11 percent late Monday.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold was on the brink of five-year lows on Tuesday, with more losses expected in the coming months following Monday's "bear raid" when sellers dumped an estimated 33 tonnes in just two minutes.

Within a further minute, the deals had been completed, sending the most-active U.S. gold futures contract GCcv1 down $48 to as low as $1,080.00 per ounce, its weakest since February 2010. Gold worth $1.3 billion changed hands on the Chinese and U.S. markets on Monday, and the lack of liquidity on a day when Japanese markets were closed for a holiday hastened the slide.

Spot gold XAU= stood at $1,104.50 per ounce at 1348 GMT on Tuesday, with another 29 tonnes worth about $1.02 billion changing hands on the Shanghai exchange during the day. That was almost double the exchange's 16 tonne average daily volume last month.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices slipped on Tuesday as the market worried about prospects for demand in top consumer China, where growth has slowed, but a weaker dollar helped cap losses.

Copper CMCU ended down at $5,455 a tonne from $5,480 at Monday's close.

For a full report, double click on MET/L

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OIL

NEW YORK - Crude oil futures clung to gains in volatile trading as the U.S. front-month August contract headed to expiration on Tuesday, with the weaker dollar providing support.

U.S. August crude CLQ5 was up 27 cents at $50.42 a barrel at 12:11 p.m. EDT (1611 GMT), having slipped to $49.77 intraday.

U.S. September CLU5 crude was up 32 cents at $50.76.

Brent September LCOc1 crude was up 16 cents at $56.81, having swung from $56.33 to $57.44.

For a full report, double click on O/R

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