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RPT-New Zealand/Australia Morning Call-Global markets

Published 09/09/2016, 05:29 am
Updated 09/09/2016, 05:30 am
© Reuters.  RPT-New Zealand/Australia Morning Call-Global markets
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WELLINGTON, Sept 9 (Reuters) -

EQUITIES

NEW YORK - U.S. stocks dipped on Thursday, weighed down by Apple after its iPhone 7 failed to impress Wall Street, while gains in energy shares limited the decline.

Apple AAPL.O fell 2.5 percent to $105.71, its steepest decline since June 24 when Britain's vote to leave the European Union unleashed a massive selloff.

The Dow Jones industrial average .DJI was down 43.35 points, or 0.23 percent, to 18,482.79, the S&P 500 .SPX lost 4.38 points, or 0.2 percent, to 2,181.78 and the Nasdaq Composite .IXIC dropped 23.53 points, or 0.45 percent, to 5,260.40.

For a full report, double click on .N

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LONDON - UK shares gave up early gains but outperformed European peers on Thursday after the European Central Bank held rates steady and did not change its asset-buying programme.

Britain's FTSE .FTSE closed up 0.2 percent at 6,858.70, outperforming European shares thanks to sterling weakness, with British companies also less directly exposed to any disappointment from the ECB. The euro zone Euro STOXX 50 .STOXX50E was down 0.3 percent.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average languished on Thursday, as financial stocks weakened after the Bank of Japan deputy governor said the central bank will not rule out deepening negative interest rates.

The Nikkei ended 0.3 percent lower at 16,958.77.The broader Topix .TOPX slipped 0.3 percent to 1,345.95. The JPX-Nikkei Index 400 .JPXNK400 was 0.4 percent lower at 12,070.28.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The euro hit a nearly two-week high against the dollar on Thursday after the European Central Bank left interest rates unchanged and stopped short of a formal commitment to further expand its asset-purchase program, which ECB head Mario Draghi said had not even been discussed.

The euro rose 0.7 percent to $1.1326 EUR= during Draghi's speech, its strongest since Aug. 26. The dollar also hit a two-week low of 94.465 against a basket of major currencies .DXY .

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields rose on Thursday, in line with European bonds, after European Central Bank President Mario Draghi left the door open for additional monetary policy easing but gave no indication that more stimulus was actually coming.

In mid-morning New York trading, benchmark 10-year Treasury notes US10YT=RR were down 8/32 in price to yield 1.568 percent, from 1.539 percent late on Wednesday. Yields had fallen as low as 1.519 percent on Wednesday, a three-week trough.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold fell on Thursday after the European Central Bank held interest rates at record lows but refrained from adding new stimulus as some investors had expected.

Spot gold XAU= fell 0.6 percent to $1,337.4 an ounce by 2:39 p.m. EDT (1839 GMT), with U.S. gold futures GCcv1 settling down 0.6 percent at $1,341.6.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper hovered just below a two-week high on Thursday, supported by a fall in inventories and a softer dollar, though lower imports into China last month kept prices in check.

London Metal Exchange copper CMCU3 closed up 0.3 percent at $4,664 a tonne, after nudging to its highest in two weeks to $4,688.50. Aluminium CMAL closed at $1,590 a tonne, down 0.2 percent. Best-performing nickel CMNI3 rose to its highest in three weeks at $10,370 a tonne, and was up 1.3 percent at $10,340 at close, while tin CMSN3 closed up 0.1 percent at $19,575 a tonne, trading $95 shy of its highest since January 2015 hit earlier this week.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices surged about 4 percent on Thursday after U.S. inventory data showed a surprisingly large drawdown in crude stocks as imports into the U.S. Gulf Coast slid last week due to Tropical Storm Hermine.

Brent crude oil LCOc1 neared $50 a barrel for the first time in two weeks. It rose $1.84 to $49.82 a barrel, a 3.8 percent gain, by 12:56 p.m. EDT (1656 GMT). U.S. crude CLc1 was up $1.83, or 4 percent, to $47.33 per barrel.

For a full report, double click on O/R

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