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RPT-New Zealand/Australia Morning Call-Global markets

Published 11/01/2017, 05:58 am
Updated 11/01/2017, 06:10 am
© Reuters.  RPT-New Zealand/Australia Morning Call-Global markets
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(Repeats to additional subscribers) Overnight market action with latest New York figures.

EQUITIES

NEW YORK - The Nasdaq hit a record intraday high on Tuesday, extending its bullish run as healthcare stocks rose for the sixth straight session, while a jump in banks boost the S&P 500 and the Dow.

At 12:30 p.m. ET the Dow Jones Industrial Average .DJI was up 62.12 points, or 0.31 percent, at 19,949.5 and the S&P 500 .SPX was up 9.73 points, or 0.43 percent, at 2,278.63.The Nasdaq Composite .IXIC was up 29.64 points, or 0.54 percent, at a record high of 5,564.25.

For a full report, double click on .N

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LONDON - Britain's FTSE 100 blue-chip index hit fresh record highs on Tuesday, boosted by gains among retailers, while a rally in mining stocks more than offset weaker financials, helping European shares end slightly in positive territory.

The pan-European STOXX 600 index .STOXX inched up 0.1 percent, while the FTSE 100 .FTSE rose 0.5 percent after hitting a new all-time high of 7,284.81 points.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average fell on Tuesday with a strengthening yen weighing on exporter shares, although hopes that U.S. President-elect Donald Trump would provide hints about stimulus at an upcoming speech helped curb the losses.

The Nikkei .N225 dropped 0.8 percent to 19,301.44. The broader Topix .TOPX was down 0.7 percent at 1,542.31 and the JPX-Nikkei Index 400 .JPXNK400 fell 0.8 percent to 13,816.61.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar edged lower against a basket of major currencies on Tuesday on nervousness ahead of U.S. President-elect Donald Trump's first news conference set for Wednesday, while the Mexican peso hit a record low

The dollar index .DXY , which measures the greenback against a basket of six major currencies, has climbed 4 percent since Trump's election on Nov. 8 as investors have bet his promised program of fiscal expansion will boost inflation and growth, leading to a faster pace of interest rate rises from the Federal Reserve.

For a full report, double click on USD/

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TREASURIES

NEW YORK -U.S. Treasury yields were little changed on Tuesday as investors made room for $24 billion of three-year government notes, which was offset by appetite for bonds due to a pullback in U.S. stocks.

The yield on benchmark 10-year Treasuries US10YT=RR was little changed at 2.378 percent after moving in a narrow 3 basis-point range.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold rallied to its highest level in more than a month on Tuesday as the dollar dipped ahead of a news conference on Wednesday by U.S. President-elect Donald Trump.

Spot gold XAU= hit its highest since Nov. 30 at $1,190.46 an ounce, and was up 0.6 percent at $1,188.20 an ounce at 1520 GMT.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices hit a one-month high on Tuesday as inflation figures in top consumer China pointed to further signs of economic recovery, while zinc hit a three-week peak on persistent supply shortages.

Three-month copper on the London Metal Exchange CMCU3 closed 3 percent higher at $5,760 per tonne, having earlier hit its highest level since Dec 13 at $5,779.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices fell about 1 percent on Tuesday, extending the previous session's sharp sell-off, as the U.S. dollar strengthened and doubts over implementation of a global deal to cut output loomed.

Brent crude LCOc1 fell 76 cents, or 1.4 percent, to $54.18 per barrel by 12:53 p.m. EST (1753 GMT). U.S. crude futures CLc1 were 64 cents, or 1.2 percent lower at $51.32 per barrel.

For a full report, double click on O/R

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