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UPDATE 1-New Zealand/Australia Morning Call-Global markets

Published 05/01/2016, 07:30 am
Updated 05/01/2016, 07:40 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
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Snapshot at: 07:23 / 2023 GMT ----------------------------------------------------------------

Stock Markets

NetChng

NetChng S&P/ASX 200

5,270.48 -25.38 NZSX 50

6,324.26 +4.87 DJIA

17,003.19 -421.84 Nikkei

18,450.98 -582.73 NASDAQ

4,859.69 -147.72 FTSE

6,093.43 -148.89 S&P 500

1,994.96 -48.98 Hang Seng

21,327.12 -587.28 SPI 200 Fut

5,202.00 -50.00 STI

2,835.97 -46.76 SSEC

3,296.54 -242.64 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.777 -0.048 US 10 YR Bond

2.237 -0.038 NZ 10 YR Bond

3.590 -0.015 US 30 YR Bond

2.982 -0.031 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7182 0.7205 NZD US$

0.6740 0.6755 EUR US$

1.0828 1.0888 Yen US$

119.33 119.41 ---------------------------------------------------------------- Commodities Gold (Lon)

1,082.25

Silver (Lon)

13.87 Gold (NY)

1,060.24

Light Crude

36.73 TRJCRB Index

174.49 -1.66 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - The Dow Jones industrial average was set for its worst start to a year since 1932 as stock markets tanked after weak Chinese economic data reignited fears of a global slowdown.

The Dow Jones industrial average .DJI was down 432.27 points, or 2.48 percent, at 16,992.76, set for its worst day in four months.

The S&P 500 .SPX made its worst start to a year since 2001, down 48.49 points, or 2.37 percent, at 1,995.45, at 12:07 p.m. ET (1707 GMT).

The Nasdaq Composite index .IXIC was down 140.70 points, or 2.81 percent, at 4,866.72.

For a full report, double click on .N

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LONDON - Basic resources stocks slumped in Britain on the first trading day of 2016, as poor factory activity data from China prompted investors to cut their exposure to the shares.

The UK mining index was the hardest hit .FTNMX1770 , falling 3.7 percent on Monday, its biggest one-day percentage drop since mid-December.

The mining sector's decline put pressure on the FTSE 100 index .FTSE , which closed 2.4 percent lower at 6,093.43 points, its biggest fall on the first trading day of the year since 2000.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average tumbled to a 2-1/2 month low on Monday after weak China factory activity surveys and year-end losses on Wall Street discouraged investors on the first trading day of 2016. The benchmark Nikkei average .N225 fell 3.1 percent to 18,450.98 for its biggest single-day slide since Sept. 29.

The Topix .TOPX shed 2.4 percent to end the day at 1,509.67 with all but two of its 33 subindexes in negative territory.

For a full report, double click on .T

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SYDNEY - Australian shares are set to open lower on Tuesday, dropping for a second day on worries about the global fallout of slowing growth in China, with mining and energy stocks likely to lead the way down.

Local share price index futures YAPcm1 fell 1 percent to 5,199.0, a 71.5 point discount to the underlying S&P/ASX 200 index .AXJO , pointing to a weaker opening. The benchmark fell 0.5 percent on Monday.

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FOREIGN EXCHANGE

NEW YORK - The Japanese yen rose broadly on Monday, as financial market turbulence sent traders scrambling for the traditional low-risk currency after disappointing Chinese factory data sparked a selloff on global stock markets.

The yen rose 0.7 percent against the dollar to 119.40 yen JPY= . During the session, the yen hit as high as 118.77, which was an 11-week high.

The euro EUR= was down 0.4 percent at $1.0816, retreating from a session high of $1.0946.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields fell on Monday, with benchmark yields hitting nearly two-week lows after a tumble in Chinese shares fueled worries over global growth and drove demand for safe-haven U.S. government debt.

Yields on benchmark 10-year Treasury notes US10YT=RR hit 2.200 percent, their lowest since Dec. 22. Yields on Treasuries maturing between five US5YT=RR and seven years US7YT=RR also hit nearly two-week lows, while 30-year yields US30YT=RR hit their lowest in nearly a week, at 2.939 percent.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK/LONDON - Gold rallied 2 percent to a four-week high on Monday, buoyed by rising tensions in the Middle East and a sharp drop in stocks following weak Chinese data that fueled concerns over global growth.

Spot gold XAU= was up 1.4 percent at $1,074.80 an ounce at 2:09 p.m. EST (1909 GMT), after rising to a four-week high at $1,083.30, while U.S. gold futures GCv1 for February delivery settled up 1.4 percent at $1,075.20 an ounce. Spot gold is currently on track for its biggest one-day rise in a month.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper hit a two-week low on the first trading day of 2016 after weak Chinese factory data weighed heavily on Shanghai equities and rekindled worries over economic growth in China and beyond.

Three-month copper on the London Metal Exchange CMCU3 ended down 2.1 percent at $4,606.50 a tonne.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices weakened on Monday in volatile trade, erasing an early rally as concern about Middle East tensions gave way to worries about slowing global economic growth and sliding stock markets.

Brent LCOc1 , the global oil benchmark, was down 20 cents, at $37.08 a barrel by 1:40 p.m. EST (1840 GMT). In early trade, Brent hit $38.99, its highest in nearly three weeks.

U.S. crude's West Texas Intermediate (WTI) futures CLc1 fell 30 cents, to $36.74. It had traded as high as $38.39.

For a full report, double click on O/R

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