💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

RPT-New Zealand/Australia Morning Call-Global markets

Published 07/12/2016, 05:26 am
© Reuters.  RPT-New Zealand/Australia Morning Call-Global markets
EUR/USD
-
UK100
-
XAU/USD
-
US500
-
AXJO
-
JP225
-
HK50
-
WFC
-
DX
-
GC
-
HG
-
LCO
-
CL
-
FTMC
-
US2YT=X
-
US10YT=X
-
US30YT=X
-
DXY
-
SPSY
-

(Repeats to additional subscribers with no changes to text) ----------------------------------------------------------------

07:09 / 1809 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,428.69 +28.25 NZSX 50

0.00 +0.00 DJIA

19,234.62 +18.38 Nikkei

18,360.54 +85.55 NASDAQ

5,314.64 +5.75 FTSE

6,779.84 +33.01 S&P 500

2,208.95 +4.24 Hang Seng

22,675.15 +169.60 SPI 200 Fut

5,454.00 +26.00 STI

2,949.12 +6.07 SSEC

3,199.37 -5.34 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.821 -0.009 US 10 YR Bond

2.396 +0.009 NZ 10 YR Bond

3.260 +0.000 US 30 YR Bond

3.082 +0.027 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7449 0.7444 NZD US$

0.7107 0.7121 EUR US$

1.0712 1.0739 Yen US$

113.91 114.12 ---------------------------------------------------------------- Commodities Gold (Lon)

1,172.50

Silver (Lon)

16.74 Gold (NY)

1,170.18

Light Crude

50.70 TRJCRB Index

192.32 -1.15 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street was little changed in choppy trading on Tuesday, as gains in bank and telecom stocks were offset by losses in utilities and materials.

The S&P 500 financial index .SPSY rose 0.43 percent, led by a 1.2 percent rise in Wells Fargo (NYSE:WFC) WFC.N . Chief Executive Officer Tim Sloan said at an investor conference that the bank's profits were likely to be hit in the short term by higher interest rates, but on longer term, the hike would be beneficial.

For a full report, double click on .N

- - - -

LONDON - Britain's mid-caps underperformed blue-chip peers on Tuesday, as spreadbetting firms' stocks tumbled after regulators announced a planned crackdown on some of their products.

The British mid-cap FTSE 250 .FTMC was down 0.1 percent, while the FTSE 100 .FTSE was up 0.5 percent at its close.

For a full report, double click on .L

- - - -

TOKYO - Japan's Nikkei share average rebounded on Tuesday as strong U.S. economic data helped calm worries about instability in the European Union after Italian Prime Minister Matteo Renzi's resignation.

The Nikkei .N225 ended 0.5 percent higher to 18,360.54.

For a full report, double click on .T

- - - -

FOREIGN EXCHANGE

NEW YORK - The euro held slightly below three week highs against the U.S. dollar on Tuesday, following a strong rally on Monday, as investors waited on Thursday's highly anticipated European Central Bank (ECB) meeting.

The euro EUR= was last down 0.32 percent against the U.S. dollar at $1.0724, after rising to a three week high of $1.0796 on Monday.

The dollar index .DXY , which measures the greenback against a basket of six major currencies, rose 0.27 percent to 100.36, after dropping to 99.849 on Monday, the lowest since Nov. 15.

For a full report, double click on USD/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields were little changed on Tuesday, holding in narrow ranges as traders awaited possible clues from the European Central Bank on its bond purchase program after its policy meeting on Thursday.

The benchmark 10-year Treasury yield was 2.387 percent, flat from Monday's close, while the 30-year bond yield was 3.061 percent, up 0.7 basis point. US10YT=RR US30YT=RR

The U.S. two-year note yield was 1.124 percent, unchanged on the day. It was about 2 basis points below its highest level since April 2010 reached on Nov. 25, Reuters data showed. US2YT=RR

For a full report, double click on US/

- - - -

COMMODITIES

GOLD

NEW YORK - Gold hovered near 10-month lows on Tuesday as the market braced for an increase in U.S. interest rates this month and anticipated more monetary tightening next year.

Spot gold XAU= was steady, up 0.1 percent at $1,172.09 an ounce, by 1511 GMT. It touched $1,157 an ounce on Monday, its lowest since Feb. 5.

U.S. gold futures GCcv1 shed 0.2 percent to $1,174.20 per ounce.

For a full report, double click on GOL/

- - - -

BASE METALS

LONDON - Copper prices fell on Tuesday as investors cashed in gains after the previous session's rally on concerns that a surge in base metals prices over the last month had left markets overstretched.

Three-month copper CMCU3 on the London Metal Exchange (LME) closed down 1.1 percent at $5,884 a tonne. The metal rose 23 percent last month to reach its highest since June 2015 at $6,045.50 a tonne.

Zinc CMZN3 , which also sank in earlier trade after rallying 3.7 percent on Monday, reversed losses to close up 1.2 percent at $2,800 a tonne.

Aluminium CMAL3 closed down 1.5 percent at $1,709 a tonne. Lead CMPB3 closed up 0.7 percent at $2,336.50 a tonne, while tin CMSN3 ended the day 0.2 percent lower at $21,125 a tonne. Nickel CMNI3 closed down 0.3 percent at $11,610.

For a full report, double click on MET/L

- - - -

OIL

NEW YORK - Oil prices on Tuesday fell for the first session since OPEC agreed to cut output last week after data showed crude production rose in most major export regions and on growing skepticism that the cartel would be able to reduce production.

After rising over 15 percent over the four sessions since the Nov. 30 OPEC meeting, Brent LCOc1 futures were down $1.25, or 2.3 percent, to $53.69 a barrel at 10:13 a.m. EST (1513 GMT). U.S. crude CLc1 fell $1.36, or 2.6 percent, to $50.43 a barrel.

The Brent front-month has outperformed the U.S. contract since the OPEC meeting, with its premium over WTI reaching $2.29 a barrel earlier on Tuesday, its highest since August. WTCLc1-LCOc1

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.