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RPT-New Zealand/Australia Morning Call-Global markets

Published 28/11/2016, 05:40 am
© Reuters.  RPT-New Zealand/Australia Morning Call-Global markets
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(Repeats to additional subcribers) Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street's three main indexes closed at record highs on Friday, helped by gains in consumer staples and technology stocks as investors hunted for bargains in a post-election rally.

The Dow Jones Industrial Average .DJI rose 68.96 points, or 0.36 percent, to 19,152.14. The S&P 500 .SPX gained 8.63 points, or 0.39 percent, to 2,213.35 and the Nasdaq Composite .IXIC added 18.24 points, or 0.34 percent, to 5,398.92.

For a full report, double click on .N

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LONDON - Britain's top share index edged higher on Friday, making its third straight week of gains as weakness in banking and mining stocks was offset by strength in pharma shares.

The FTSE 100 .FTSE ended 0.2 percent higher, up 1 percent for the week.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average rose for a seventh straight session on Friday after U.S. shares soared and the dollar jumped further against the yen, boosting prospects for better corporate earnings.

The Nikkei .N225 rose 0.3 percent to 18,381.22, extending its longest winning streak since November 2015.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The dollar slid against major rivals on Friday as investors took advantage of a minor pullback in U.S. bond yields from recent highs and a holiday-shortened week to consolidate gains that had propelled the currency to a nearly 14-year peak.

In early afternoon trading, the dollar index fell 0.3 percent to 101.42 .DXY after hitting an almost 14-month peak the previous session. The index posted its largest one-day fall since early November.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasuries were on track for their worst monthly performance in almost eight years on Friday as investors evaluated how much further the sell-off sparked by the surprise election of Republican Donald Trump as U.S. president has to run.

Benchmark 10-year notes US10YT=RR fell 2/32 in price to yield 2.36 percent on Friday. The yields have jumped from about 1.80 percent before Trump's election on Nov. 8.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold prices steadied after falling to 9-1/2 month lows on Friday, heading for a third consecutive weekly decline as investors sold on factors including expectations of a U.S. interest rate rise.

Spot gold XAU= was down 0.03 percent at $1,182.88 an ounce by 2:15 p.m. EST (1915 GMT), after tapping $1,171.21, its lowest since Feb. 8, as funds took profits on short positions. The precious metal has fallen more than 7 percent so far in November, leaving it on track for its largest monthly fall since June 2013.

For a full report, double click on GOL/

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BASE METALS

LONDON - Zinc powered to its highest levels in more than 8-1/2 years on Friday on continued fund buying but analysts cautioned that prices were outrunning supply/demand fundamentals.

Benchmark LME zinc CMZN3 closed at $2,819 a tonne, a gain of 3.5 percent and its highest since March 6, 2008. It marked up an 11 percent rise for the week, the largest weekly increase since February 2010.

For a full report, double click on MET/L

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OIL

NEW YORK - U.S. crude fell nearly 4 percent on Friday, dragged down by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal, after Saudi Arabia said it will not attend talks on Monday with non-OPEC producers to discuss supply cuts.

Brent crude futures LCOc1 settled at $47.24 a barrel, down $1.76 or 3.59 percent. U.S. crude futures CLc1 settled down $1.90 a barrel at $46.06, a 3.96 percent decline. Prices continued to decline in post-settlement trading, dropping as low as $45.88 a barrel.

For a full report, double click on O/R

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