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RPT-New Zealand/Australia Morning Call-Global markets

Published 14/08/2015, 05:25 am
© Reuters.  RPT-New Zealand/Australia Morning Call-Global markets
UK100
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JP225
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HK50
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GC
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(Repeats to additional subscribers)

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Stock Markets

S&P/ASX 200

5,387.87 +5.79 NZSX 50

5,737.69 -19.53 DJIA

17,439.09 +36.58 Nikkei

20,595.55 +202.78 NASDAQ

5,049.97 +5.58 FTSE

6,568.33 -2.86 S&P 500

2,087.30 +1.25 Hang Seng

24,018.80 +102.78 SPI 200 Fut

5,316.00 -1.00 TRJCRB Index

197.83 -1.07 Bonds

AU 10 YR Bond

2.774 +0.017 US 10 YR Bond

2.191 +0.061 NZ 10 YR Bond

3.340 -0.010 US 30 YR Bond

2.858 +0.039 Currencies (Prev at 7pm NZST)

AUD US$

0.7356 0.7361 NZD US$

0.6560 0.6600 EUR US$

1.1138 1.1126 Yen US$

124.43 124.46 Commodities

Gold (Lon)

1116.75

Silver (Lon)

15.34

Gold (NY)

1124.90

Light Crude

42.17

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

EQUITIES

NEW YORK - Wall Street rose in early afternoon trading on Thursday, helped by a rally in financial and consumer discretionary stocks after strong U.S. economic data put the likelihood of a September rate hike back on the table.

At 12:57 p.m. ET (1657 GMT) the Dow Jones industrial average .DJI was up 57.22 points, or 0.33 percent, at 17,459.73. The S&P 500 .SPX was up 5.61 points, or 0.27 percent, at 2,091.66 and the Nasdaq Composite .IXIC was up 22.51 points, or 0.45 percent, at 5,066.89.

For a full report, double click on .N

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LONDON - Britain's top equity index ended flat on Thursday as easing concerns over China's economy helped to offset the impact of falling oil prices and a large number of ex-dividend companies.

The blue-chip FTSE 100 index .FTSE closed down 2.86 points flat in percentage terms - at 6,568.33, trimming the gains seen earlier in the session and underperforming broader European equities.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average rose on Thursday after China's central bank soothed markets saying there was no basis for further yuan depreciation, prompting buyback in defensive shares.

The Nikkei average .N225 rose 1.0 percent to 20,595.55. The broader Topix .TOPX , which had been down during morning trading, recovered to close up 0.1 percent at 1,667.95, though decliners outnumbered gainers by 927 to 830.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar recovered on Thursday after China's central bank said there was no basis for further yuan depreciation and on data showing U.S. retail sales rebounded in July, refocusing attention on the likelihood of a Federal Reserve interest rate increase in September.

The spot yuan CNY=CFXS only weakened by around 0.2 percent on the day to 6.3990 per dollar. It hit 6.4510 per dollar on Wednesday, its lowest in roughly four years. The yuan was also down about 0.2 percent in international trade at 6.4616 per dollar CNH= .

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasuries yields rose on Thursday as global markets steadied on Chinese reassurances there was no reason for the yuan to drop further and strong U.S. retail sales data lifted expectations that policymakers will soon raise interest rates.

Yields on the comparable 10-year U.S. Treasury US10YT=RR were last up 4 basis points at 2.1677 percent, reflecting a price gain of 9/32.

The 30-year Treasury US30YT=RR was off 11/32 in price and yielding 2.8374 percent ahead of government auction of $16 billion of 30-year bonds later on Thursday.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold fell 1 percent on Thursday, snapping five sessions of gains, as the dollar strengthened on the back of upbeat U.S. data and concerns eased over further losses in the yuan after the devaluation of the currency by China.

Spot gold XAU= was down 1 percent at $1,114.26 an ounce at 2:53 p.m. EDT (1853 GMT), while U.S. gold futures GCv1 for December delivery settled down 0.7 percent at $1,115.60 an ounce. Earlier it hit its highest since mid July at $1,126.30.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper steadied on Thursday above the previous session's six-year low after China's central bank said there was no basis for further yuan depreciation, dampening concerns that the country's appetite for metals imports could wane.

Three-month copper on the London Metal Exchange CMCU3 gained as much as 1.2 percent to an intraday high of $5,253 a tonne. It failed to trade in closing open outcry activity and was last bid down 0.1 percent at $5,184.50.

For a full report, double click on MET/L

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OIL

NEW YORK - U.S. oil prices tumbled more than 3 percent to a 6-1/2-year low under $42 a barrel on Thursday as data showing a big rise in key U.S. stockpiles intensified worries over a growing global glut.

U.S. crude CLc1 settled down $1.07 at $42.23 a barrel, after setting a session bottom at $41.91, its lowest since March 2009 when the financial crisis was wreaking havoc on oil prices.

Global crude benchmark Brent LCOc1 settled down 44 cents, or almost 1 percent, at $49.22, ahead of Friday's expiry of its front-month contract. Brent's premium to U.S. crude CL-LCO1=R hit a three-week high of nearly $7.

For a full report, double click on O/R

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