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

Published 11/05/2016, 07:23 am
Updated 11/05/2016, 07:30 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
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---------------------------------------------------------------- Snapshot at: 07:20 / 2120 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,342.79 +22.09 NZSX 50

6,909.40 +24.35 DJIA

17,928.35 +222.44 Nikkei

16,565.19 +349.16 NASDAQ

4,809.88 +59.67 FTSE

6,156.65 +41.84 S&P 500

2,084.39 +25.70 Hang Seng

20,242.68 +85.87 SPI 200 Fut

5,364.00 +30.00 STI

2,741.15 -24.91 SSEC

2,833.18 +1.07 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.352 +0.052 US 10 YR Bond

1.754 -0.006 NZ 10 YR Bond

2.665 +0.035 US 30 YR Bond

2.606 -0.015 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7369 0.7342 NZD US$

0.6814 0.6752 EUR US$

1.1370 1.1386 Yen US$

109.26 108.71 ---------------------------------------------------------------- Commodities Gold (Lon)

1,262.80

Silver (Lon)

17.10 Gold (NY)

1,263.46

Light Crude

44.66 TRJCRB Index

180.28 +3.25 ----------------------------------------------------------------

EQUITIES

NEW YORK - U.S. stocks rose across the board on Tuesday, with a jump in oil and a rally in Amazon.com (NASDAQ:AMZN) helping propel the S&P 500 to its best day in two months.

The Dow Jones industrial average .DJI climbed 1.26 percent to end at 17,928.35 and the S&P 500 .SPX jumped 1.25 percent to 2,084.39. The Nasdaq Composite .IXIC added 1.26 percent to 4,809.88.

For a full report, double click on .N

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LONDON - Britain's leading stock index rose on Tuesday, lifted by gains for shares in budget airline easyJet EZJ.L and support services group Capita CPI.L .

The blue-chip FTSE 100 index .FTSE was up 0.7 percent at 6,156.65 points by the close.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average rose more than 2 percent to 1-1/2-week highs on Tuesday after Japan's finance minister said Tokyo will intervene if the yen's "one-sided" rise persists.

The Nikkei .N225 gained 2.2 percent to 16,565.19, the highest closing level since April 28. The broader Topix .TOPX gained 2.2 percent to 1,334.90 and the JPX-Nikkei Index 400 .JPXNK400 also added 2.2 percent to 12,069.89.

For a full report, double click on .T

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SYDNEY - Australian stocks are set to open higher on Wednesday following a positive lead from Wall Street, with energy shares likely to benefit from a rebound in oil prices.

Pointing to a firm open, stock index futures YAPcm1 rose 0.6 percent to 5,364.0, a 21.2-point premium to the underlying S&P/ASX 200 index .AXJO . The benchmark closed 0.4 percent higher on Tuesday.

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FOREIGN EXCHANGE

NEW YORK - The yen dropped to a nearly two-week low against the dollar on Tuesday as risk appetite improved for a second straight session, undermining traditional safe havens such as the Japanese currency.

In late trading, the dollar rose 0.9 percent to 109.25 yen, after hitting a roughly two-week peak of 109.34 JPY= . The U.S. currency tumbled to an 18-month low of 105.55 yen last week after the Bank of Japan stood pat on monetary policy.

For a full report, double click on USD/

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TREASURIES

NEW YORK - The U.S. government saw strong demand for its $24 billion auction of three-year notes on Tuesday, the first sale of $62 billion in coupon-bearing debt supply this week.

Treasuries held firm in the secondary market after the auction, a show of strength considering the sale came amid heavy corporate bond issuance and as risk assets including stocks and oil rallied.

Benchmark 10-year notes US10YT=RR rose 1/32 in price to yield 1.76 percent, little changed from Monday.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold fell to a near two-week low on Tuesday, after its steepest loss since March in the prior session, as a firm dollar and higher equities curbed appetite for the precious metal.

Spot gold XAU= was up 0.3 percent at $1,267.30 an ounce by 1903 GMT, after hitting an early low of $1,257.25, its weakest since April 28. U.S. gold for June delivery GCcv1 settled down 0.1 percent at $1,264.80 an ounce.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper steadied on Tuesday alongside the dollar though some analysts expect prices to retreat further as the market fully digests prospects for weak demand growth in top consumer China.

Benchmark copper CMCU3 on the London Metal Exchange ended little changed at $4,685 a tonne from $4,686 at Monday's close. Earlier on Tuesday, the metal used in power and construction touched $4,672, its lowest since April 12.

For a full report, double click on MET/L

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OIL

NEW YORK - Brent jumped more than 4 percent on Tuesday while U.S. crude settled up more than 2 percent, after a late burst of buying driven in part by expectations that record U.S. crude inventories would not swell by as much as they have in recent weeks.

Brent LCOc1 spiked just before settlement and settled up $1.89, or 4.3 percent, at $45.52 per barrel. More than 6,000 contracts changed hands in the final minute, Reuters data showed. On Monday, Brent fell 3.8 percent.

U.S. crude's West Texas Intermediate (WTI) futures CLc1 rose 1.22, or 2.8 percent, to settle at $44.66.

For a full report, double click on O/R

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