Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

RPT-New Zealand/Australia Morning Call-Global markets

Published 13/05/2016, 05:25 am
© Reuters.  RPT-New Zealand/Australia Morning Call-Global markets
USD/JPY
-
UK100
-
XAU/USD
-
US500
-
DJI
-
AXJO
-
JP225
-
HK50
-
AAPL
-
TM
-
GC
-
HG
-
LCO
-
CL
-
IXIC
-
US10YT=X
-
TOPX
-
JPXNK400
-

(Repeats to add additional subscribers)

WELLILNGTON, May 13 (Reuters) - - --------------------------------------------------------------- Snapshot at: 07:24 / 1924 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,359.30 -12.99 NZSX 50

6,923.17 -21.17 DJIA

17,751.45 +40.33 Nikkei

16,646.34 +67.33 NASDAQ

4,748.08 -12.61 FTSE

6,104.19 -58.30 S&P 500

2,067.70 +3.24 Hang Seng

19,915.46 -139.83 SPI 200 Fut

5,367.00 -2.00 STI

2,745.39 +12.52 SSEC

2,836.74 -0.30 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.307 +0.012 US 10 YR Bond

1.753 +0.024 NZ 10 YR Bond

2.635 +0.000 US 30 YR Bond

2.605 +0.024 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7329 0.7323 NZD US$

0.6820 0.6819 EUR US$

1.1375 1.1409 Yen US$

109.06 108.97 ---------------------------------------------------------------- Commodities Gold (Lon)

1,279.25

Silver (Lon)

17.08 Gold (NY)

1,277.31

Light Crude

46.47 TRJCRB Index

183.65 +0.31 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks were lower in early afternoon trading on Thursday, with the Nasdaq dropping more than 1 percent, after Apple fell to a two-year low and healthcare stock also tumbled.

Apple AAPL.O was the biggest drag on the three major indexes, falling as much as 3.3 percent to $89.47, its lowest since June 2014, as worries festered about slowing demand for iPhones.

At 12:43 p.m. ET (1643 GMT) the Dow Jones industrial average .DJI was down 55.71 points, or 0.31 percent, at 17,655.41. The S&P 500 .SPX was down 9.03 points, or 0.44 percent, at 2,055.43. The Nasdaq Composite .IXIC was down 47.70 points, or 1 percent, at 4,712.99.

For a full report, double click on .N

- - - -

LONDON - Britain's top share index fell on Thursday in choppy trade, pulled lower by declines among mining companies and major firms trading without the attraction of their latest dividend payouts.

The FTSE 100 index .FTSE was down 1 percent at 6,104.19 points at its close, reversing oil-related gains made earlier on in the session.

For a full report, double click on .L

- - - -

TOKYO - Japan's Nikkei rose for a fourth straight day on Thursday after the yen weakened, but gains were capped by dismal earnings from companies such as Toyota Motor Corp 7203.T .

The Nikkei share average .N225 gained 0.4 percent to 16,646.34 points, the highest closing level since April 28.

The broader Topix .TOPX added 0.2 percent to 1,337.27 and the JPX-Nikkei Index 400 .JPXNK400 advanced 0.2 percent to 12,087.30.

For a full report, double click on .T

- - - -

FOREIGN EXCHANGE

NEW YORK - The yen fell to a two-week low against the dollar on Thursday, pressured by speculation that the Bank of Japan could expand its monetary stimulus as soon as next month.

The dollar rose 0.4 percent to 108.81 yen in late morning trading, after earlier hitting a two-week peak of 109.39 yen JPY= and recovering from a 18-month low of 105.55 yen on May 3.

For a full report, double click on USD/

- - - -

TREASURIES

NEW YORK - U.S. Treasury prices fell on Thursday after a Federal Reserve official said the U.S. central bank should raise interest rates if data confirms a stronger jobs market and inflation outlook in the second quarter, noting that markets are too pessimistic on the economy.

Benchmark 10-year notes US10YT=RR ended down 9/32 in price to yield 1.76 percent, up from 1.73 percent late on Wednesday.

Higher yields on the day helped the Treasury sell $15 billion in 30-year bonds to solid demand, the final sale of $62 billion in new coupon-bearing supply this week.

For a full report, double click on US/

- - - -

COMMODITIES

GOLD

NEW YORK - Gold fell on Thursday as a strengthening dollar prompted some buyers to cash in gains after its biggest daily rise this month, briefly paring losses after downbeat U.S. jobs data.

Spot gold XAU= was down 0.6 percent at $1,269.76 an ounce at 2:44 p.m. EDT (1844 GMT).

For a full report, double click on GOL/

- - - -

BASE METALS

LONDON - Copper slid to the weakest levels in 2-1/2 months on Thursday on worries about global demand for industrial metals after worse-than-expected data on U.S. jobs and European industrial output.

Three-month copper on the London Metal Exchange CMCU3 closed down 2 percent at $4,613 a tonne after touching a low of $4,600, the weakest since Feb. 25.

For a full report, double click on MET/L

- - - -

OIL

NEW YORK - U.S. oil prices dipped on Thursday after jumping to six-month highs, when buying on a forecast for tighter global supplies gave way to selling on signs of another storage build at the hub for U.S. crude futures.

By 12:16 p.m. EDT (1612 GMT), Brent LCOc1 was down 51 cents, or 1 percent, at $47.09 per barrel, after rising 52 cents at one point.

WTI CLc1 was down 23 cents, or 0.5 percent, at $46. It hit a six-month high of $47.02 earlier.

For a full report, double click on O/R

- - - -

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.