🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

RPT-New Zealand/Australia Morning Call-Global markets

Published 12/08/2015, 05:24 am
Updated 12/08/2015, 05:26 am
© Reuters.  RPT-New Zealand/Australia Morning Call-Global markets
UK100
-
XAU/USD
-
US500
-
DJI
-
AXJO
-
JP225
-
HK50
-
BRBY
-
HG
-
LCO
-
CL
-
FTNMX551030
-
IXIC
-
US10YT=X
-
US30YT=X
-
TOPX
-
JPXNK400
-

(Repeats to additional subscribers) -----------------------(07:22 / 1922 GMT)-----------------------

Stock Markets

S&P/ASX 200

5,473.23 -35.93 NZSX 50

5,322.35 -42.67 DJIA

17,402.94 -212.23 Nikkei

20,720.75 -87.94 NASDAQ

5,032.30 -69.50 FTSE

6,664.54 -71.68 S&P 500

2,082.67 -21.51 Hang Seng

24,498.21 -22.91 SPI 200 Fut

5,369.00 -37.00 TRJCRB Index

199.31 -3.14 Bonds

AU 10 YR Bond

2.726 -0.069 US 10 YR Bond

2.137 -0.101 NZ 10 YR Bond

3.385 +0.000 US 30 YR Bond

2.803 -0.099 Currencies (Prev at 7pm NZST)

AUD US$

0.7291 0.7315 NZD US$

0.6530 0.6544 EUR US$

1.1038 1.0966 Yen US$

125.10 124.92 Commodities

Gold (Lon)

1108.25

Silver (Lon)

15.29

Gold (NY)

1104.11

Light Crude

43.27

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

EQUITIES

NEW YORK - All three major U.S. stock indexes were down more than 1 percent on Tuesday for the first time in over a month as China's surprise devaluation of the yuan stoked fears about the health of the economy and pressured commodity-related stocks.

At 13:06 a.m. EDT (1706 GMT) the Dow Jones industrial average .DJI was down 242 points, or 1.37 percent, at 17,373.17. Of the 30 stock in the index, 28 were in the red, with 18 down more than 1 percent.

The S&P 500 .SPX was down 25.24 points, or 1.2 percent, at 2,078.94 and the Nasdaq composite .IXIC was down 72.50 points, or 1.42 percent, at 5,029.30.

For a full report, double click on .N

- - - -

LONDON - Britain's benchmark share index fell on Tuesday, led by mining companies and luxury firm Burberry BRBY.L , after China devalued its currency, raising the costs of imports.

The mining sector .FTNMX1770 closed down 4.4 percent, moving back towards a six-year low hit in late July.

Britain's FTSE 100 .FTSE closed down 1.1 percent. Weakness in commodity stocks has contributed to recent declines in the index, which is now more than 6 percent off April's record high.

For a full report, double click on .L

- - - -

TOKYO - Japan's Nikkei share average edged down on Tuesday after China devalued the yuan by nearly two percent, with investors taking profits as they assessed the ramifications of Beijing's move to support the economy and exports.

The Nikkei average .N225 fell by 0.4 percent to close at 20,720.75 after first nearing the 18-1/2-year high it marked earlier this year.

The broader Topix .TOPX fell 0.2 percent to 1,687.60, erasing Monday's gains that saw it reach an 8-year high. The JPX-Nikkei Index 400 .JPXNK400 fell 0.2 percent to 15,219.52.

For a full report, double click on .T

- - - -

FOREIGN EXCHANGE

NEW YORK - The yuan suffered its biggest fall in more than two decades on Tuesday, hitting a three-year low after the Chinese central bank surprised markets by devaluing it by almost 2 percent, firing a broadside in what some analysts saw as a looming currency war.

Spot yuan CNY=CFXS tumbled around 2 percent to as low as 6.3391, the weakest since September 2012 and the biggest drop since the currency was officially devalued in 1994.

The yuan extended losses in the offshore market, hitting its weakest in over 3-1/2 years CNH= at 6.3998, with traders saying that would mean more losses were in store for the onshore currency.

For a full report, double click on USD/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields tumbled to multimonth lows on Tuesday as a surprise currency devaluation by China touched off safety buying and speculation that Federal Reserve policymakers will delay raising U.S. interest rates.

The 30-year bond US30YT=RR climbed well over 2 full basis points in price and was last up 1-30/32 to yield 2.8062, a level last touched on May 4.

The benchmark Treasury 10-year note US10YT=RR was last up 27/32 and last yielded 2.1391 percent after closing on Monday at 2.238 percent. It had traded up over 1 full point and yielded as little as 2.1140 percent, its lowest since June 1.

For a full report, double click on US/

- - - -

COMMODITIES

GOLD

NEW YORK - Gold rose to a three-week high on Tuesday as the dollar reversed gains, global stocks fell and investors assessed the impact of China's move to devalue its currency and prop up its economy.

China's rate decision triggered a sharp but short-lived retreat in gold XAU= to a session low of $1,093.25 an ounce.

Spot prices rebounded to a three-week high of $1,119 before trading up 0.3 percent at $1,107.31 an ounce by 1340 GMT.

U.S. gold for December delivery GCcv1 rose 0.5 percent to $1,109.10 an ounce.

For a full report, double click on GOL/

- - - -

BASE METALS

LONDON - Copper and aluminium hit six-year lows on Tuesday after China devalued its currency, fuelling worries about a glut of aluminium and boosting the cost of commodities for the world's top metals consumer.

Copper CMCU3 was down 3.2 percent at $5,138.50 a tonne by 1500 GMT after sliding to $5,109, the weakest since July 2009.

Three-month LME aluminium CMAL3 slid 2.1 percent to $1,584.50 a tonne after touching $1,573.50, the lowest since July 2009.

For a full report, double click on MET/L

- - - -

OIL

NEW YORK - Oil fell as much as 5 percent on Tuesday after No. 2 consumer China devalued its currency, raising questions about its demand for crude, while a new estimate showed non-OPEC producers more resilient than expected in keeping output up despite low prices.

U.S. crude for September delivery CLU5 slipped by $2.10, or 4.7 percent, to $42.86 a barrel by 2:00 p.m. EDT (1800 GMT), after a session low at $42.69. The front-month continuation contract for U.S. crude CLc1 had previously struck a 2015 low of $42.03.

Front-month Brent LCOc1 was down $1.36, or 2.7 percent, at $49.05. It had gained 3.7 percent in the previous session, its most since late May.

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.