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

Published 03/02/2016, 07:46 am
Updated 03/02/2016, 07:50 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
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UK100
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AXJO
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JP225
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---------------------------------------------------------------- Snapshot at: 07:43 / 2043 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

4,993.3 -50.3 NZSX 50

6,180.1

+5.6 DJIA

16,171.17 -278.01 Nikkei

17,750.68 -114.55 NASDAQ

4,526.65 -93.72 FTSE

5,922.01 -138.09 S&P 500

1,906.01 -33.37 Hang Seng

19,446.84 -148.66 SPI 200 Fut

4,875.00 -67.00 STI

2,579.23 -23.18 SSEC

2,750.45 +61.60 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.574 -0.046 US 10 YR Bond

1.860 -0.106 NZ 10 YR Bond

3.150 -0.055 US 30 YR Bond

2.671 -0.110 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7050 0.7075 NZD US$

0.6481 0.6524 EUR US$

1.0919 1.0899 Yen US$

119.96 120.65 ---------------------------------------------------------------- Commodities Gold (Lon)

1,128.50

Silver (Lon)

14.31 Gold (NY)

1,128.46

Light Crude

29.96 TRJCRB Index

160.18 -3.31 ----------------------------------------------------------------

EQUITIES

NEW YORK - U.S. stocks dropped more than 2 percent in late Tuesday trading after a disappointing forecast from Exxon Mobil (N:XOM) XOM.N and another steep drop in oil prices.

At 2011 GMT, the Dow Jones industrial average .DJI was down 334.34 points, or 2.03 percent, to 16,114.84, the S&P 500 .SPX lost 41.26 points, or 2.13 percent, to 1,898.12 and the Nasdaq Composite .IXIC dropped 115.34 points, or 2.5 percent, to 4,505.02.

For a full report, double click on .N

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LONDON - Britain's top share index fell sharply on Tuesday, knocked down by a drop in BP BP.L after the oil major reported its biggest ever annual loss.

The blue-chip FTSE 100 index .FTSE closed 2.3 percent lower at 5,922.01 points, with the FTSE down 5 percent since the start of 2016.

For a full report, double click on .L

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TOKYO - Japanese shares slipped on Tuesday as investors locked in profits from large gains made following the Bank of Japan's surprise decision late last week to adopt negative interest rates.

The Nikkei .N225 ended 0.6 percent lower at 17,750.68 points, pulling away from a four-week high of 17,905.37 scaled on Monday.

For a full report, double click on .T

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SYDNEY - Australian stocks are likely to open lower on Wednesday following a negative lead from Wall Street and with a further slump in oil prices set to hit energy shares hard.

Stock index futures YAPcm1 fell 1.4 percent to 4,872.0, a hefty 121.3-point discount to the underlying S&P/ASX 200 index .AXJO . The benchmark closed 1.0 percent lower on Tuesday.

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar fell against the euro and yen on Tuesday after a drop in oil prices suggested U.S. inflation would stay low and prevent the Federal Reserve from hiking interest rates at a steady pace this year, while risk aversion also boosted the euro and yen.

The dollar index was last down 0.12 percent at 98.893 .DXY. . The dollar was last 0.60 percent lower against the yen at 120.280 JPY= , while the euro was last up 0.33 percent against the dollar at $1.09240 EUR= .

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields fell to nine-month lows on Tuesday as oil prices resumed their slide, boosting demand for safe haven bonds, and on concerns about slowing U.S. economic growth before a closely watched employment report on Friday.

Benchmark 10-year notes US10YT=RR gained 30/32 in price to yield 1.864 percent, breaking below technical resistance at 1.904 percent and falling to the lowest level since April 28. The yields have dropped from 2.30 percent at the beginning of the year.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold steadied after touching three-month highs on Tuesday, underpinned by global growth concerns and as another sharp drop in the oil price pushed investors toward safe-haven assets.

Spot gold XAU= touched $1,130.30 an ounce early on Tuesday, its strongest since Nov. 3, and was little changed at $1,128.31 at 2010 GMT. U.S. gold for April delivery GCcv1 settled down 0.07 percent at $1,127.20 an ounce.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper hit a four-week high on Tuesday as bets on lower prices were reversed ahead of a Chinese holiday, but prices fell later in the day as focus returned to oversupply and weak demand growth in top consumer China.

Benchmark copper CMCU3 on the London Metal Exchange ended down 0.3 percent to $4,548 a tonne. The metal used in power and construction earlier touched $4,628 a tonne, its highest since January 7.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil slumped for the second straight day, with U.S. crude ending 5.5 percent lower on Tuesday, as hopes of a deal to curb one of the worst supply gluts in history continued to fade amid concerns that mild winter weather in the U.S. will dampen demand.

U.S. West Texas Intermediate crude (WTI) CLc1 settled $1.74 lower at $29.88 per barrel, after falling as low as $29.81. Brent crude LCOc1 closed down $1.52, or 4.4 percent, at $32.72 a barrel. It fell as much as 5.9 percent to $32.23 in the session.

For a full report, double click on O/R

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