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

Published 09/03/2016, 07:55 am
Updated 09/03/2016, 08:00 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
USD/JPY
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UK100
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XAU/USD
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US500
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DJI
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AXJO
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JP225
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HK50
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GS
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GC
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HG
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LCO
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CL
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IXIC
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US10YT=X
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US30YT=X
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(Updates prices, table) ----------------------------------------------------------------

0753/2053 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,107.96 -34.85 NZSX 50

6,446.7 +27.8 DJIA

16,980.89 -93.06 Nikkei

16,783.15 -128.17 NASDAQ

4,653.98 -54.27 FTSE

6,125.44 -56.96 S&P 500

1,981.23 -20.53 Hang Seng

20,011.58 -148.14 SPI 200 Fut

5,087.00 -24.00 STI

2,778.77 -44.74 SSEC

2,899.91 +2.57 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.553 -0.029 US 10 YR Bond

1.831 -0.074 NZ 10 YR Bond

3.040 -0.035 US 30 YR Bond

2.638 -0.065 ---------------------------------------------------------------- AUD US$

0.7437 0.7422 NZD US$

0.6740 0.6763 EUR US$

1.1005 1.1019 Yen US$

112.59 113.01 ---------------------------------------------------------------- Commodities Gold (Lon)

1,267.00

Silver (Lon)

15.34 Gold (NY)

1,267.01

Light Crude

36.25 TRJCRB Index

169.47 -2.23 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks fell on Tuesday after soft Chinese trade data rekindled fears that the global economy is weaker than anticipated and a decline in crude prices brought down energy shares.

At 2:51 p.m. EST (1951 GMT) the Dow Jones industrial average .DJI was down 65.92 points, or 0.39 percent, to 17,008.03, the S&P 500 .SPX lost 15.91 points, or 0.79 percent, to 1,985.85 and the Nasdaq Composite .IXIC dropped 38.93 points, or 0.83 percent, to 4,669.33.

For a full report, double click on .N

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LONDON - Britain's top stock market index fell on Tuesday as big mining companies came under pressure after a report showed exports had fallen in China, the world's biggest consumer of metals.

The FTSE 100 .FTSE index was down 0.9 percent at 6,125.44 points by its close, in line with the broader European market.

For a full report, double click on .L

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TOKYO - Japan's benchmark Nikkei average ended Tuesday at its lowest in nearly one week, as a stronger yen kept investors on edge and hit the stocks of exporters.

The Nikkei .N225 closed down 0.8 percent at 16,783.15, its lowest closing level since March 2.

For a full report, double click on .T

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SYDNEY - Australian stocks are set to open marginally lower on Wednesday, under continued pressure from weak Chinese trade data.

Local share price index futures YAPcm1 fell 0.4 percent to 5,089.0 to sit at a 18.9-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed down 0.68 percent on Thursday.

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FOREIGN EXCHANGE

NEW YORK - News of deterioration in China's trade balance stoked safe-haven demand for the yen on Tuesday as investors shed holdings of stocks and other risky investments on renewed concerns about a slowing global economy.

The dollar was down 0.8 percent at 112.56 yen JPY= after hitting a one-week low of 112.41. The euro slipped 0.8 percent at 123.92 yen EURJPY= .

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields fell on Tuesday in line with Japanese yields after weak Chinese data revived fears of a global economic slowdown, increasing demand for safe-haven U.S. government debt ahead of a 3-year note auction.

Yields on the benchmark 10-year Treasury note US10YT=RR and on the 30-year bond US30YT=RR fell from one-month highs overnight after data showed China's February trade performance was far worse than economists had expected. Exports in the world's second-largest economy fell 25.4 percent, the most in over six years and twice as much as markets had feared.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold turned lower on Tuesday, falling below last week's 13-month high on profit-taking as the market's recent rally appeared to lose momentum ahead of the next U.S. Federal Reserve meeting.

Spot gold XAU= was down 0.4 percent at $1,262.46 an ounce by 3:10 p.m. EST (2010 GMT), after rising to $1,277.81. U.S. gold for April delivery GCcv1 settled down 0.1 percent at $1,262.90.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices tumbled on Tuesday, on course for their biggest daily loss in four months as disappointing trade numbers from top consumer China led funds to reverse their bets on higher prices.

Benchmark copper on the London Metal Exchange CMCU3 closed down 2.6 percent at $4,868 a tonne. Last week, prices hit a four-month high of $5,059 a tonne.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices fell 3 percent on Tuesday, retreating after six days of gains for benchmark Brent crude, as Goldman Sachs (NYSE:GS) suggested the rally was unsustainable and analysts predicted U.S. stockpiles reached record highs again last week.

Brent LCOc1 settled down $1.19, or 2.9 percent, at $39.65 a barrel after hitting a 2016 high of $41.48 during the session. Despite the decline, it was still up 46 percent from a 12-year low of $27.10 struck on Jan. 20.

U.S. crude CLc1 closed down $1.40, or 3.7 percent, at $36.50, after rallying earlier in the day to a three-month high of $38.39.

For a full report, double click on O/R

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