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

Published 16/05/2016, 07:17 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
EUR/USD
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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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ETL
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JWN
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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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FTEU3
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---------------------------------------------------------------- Snapshot at: 07:16 / 2116 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,328.99 -30.31 NZSX 50

6,916.57 -4.74 DJIA

17,535.32 -185.18 Nikkei

0.00 +0.00 NASDAQ

4,717.68 -19.66 FTSE

6,138.50 +34.31 S&P 500

2,046.61 -17.50 Hang Seng

19,719.29 -196.17 SPI 200 Fut

5,316.00 -15.00 STI

2,734.91 -10.48 SSEC

2,827.37 -8.49 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.258 -0.021 US 10 YR Bond

1.702 +0.000 NZ 10 YR Bond

2.670 +0.015 US 30 YR Bond

2.549 +0.000 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7262 0.7288 NZD US$

0.6764 0.6795 EUR US$

1.1303 1.1341 Yen US$

108.62 108.58 ---------------------------------------------------------------- Commodities Gold (Lon)

1,265.90

Silver (Lon)

17.09 Gold (NY)

1,273.20

Light Crude

46.21 TRJCRB Index

182.55 -1.10 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy quarterly reports from Nordstrom (NYSE:JWN) and J.C. Penney overshadowed upbeat April retail sales data.

The Dow Jones industrial average .DJI dropped 1.05 percent to end at 17,535.32 and the S&P 500 .SPX lost 0.85 percent to 2,046.61. The Nasdaq Composite .IXIC dropped 0.41 percent to 4,717.68.

For a full report, double click on .N

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LONDON - European shares rebounded from losses earlier in Friday's session as strong U.S. retail sales data buoyed markets, although satellite company Eutelsat ETL.PA plunged nearly 30 percent after slashing its outlook.

The pan-European FTSEurofirst 300 index .FTEU3 had spent much of the day in negative territory, but swung back up to close 0.6 percent higher following the U.S figures.

For a full report, double click on .L

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TOKYO - Japanese stocks fell in choppy trade on Friday, dragged down by profit-taking and persistent concerns over a stronger yen's impact on corporate profits.

The Nikkei share average .N225 slid 1.4 percent to 16,412.21, ending a four-day winning streak. The benchmark index ended the week 1.9 percent higher.

For a full report, double click on .T

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SYDNEY - Australian shares face a weaker opening on Monday, with resources set to come under pressure after data on the weekend showed China's economic activity grew more slowly than expected in April.

Local share price index futures YAPcm1 fell 0.3 percent to 5,316.0 early Saturday after Wall Street finished in the red, pointing to a lower opening even before the disappointing Chinese data landed. The benchmark S&P/ASX 200 index .AXJO fell 0.7 percent last Friday.

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FOREIGN EXCHANGE

NEW YORK - The dollar climbed to a two-week peak against a basket of currencies on Friday, as stronger-than-expected U.S. economic data appeared to boost expectations the Federal Reserve may raise interest rates more than once this year.

The euro meanwhile fell to $1.1304, down 0.6 percent EUR= . The euro shrugged off data showing euro zone GDP grew by 0.5 percent in the first quarter, in a downward revision of an earlier estimate.

For a full report, double click on USD/

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TREASURIES

NEW YORK - The U.S. yield curve flattened to the lowest levels in two months on Friday after data showed U.S. retail sales rose the most in a year in April, suggesting the economy was regaining momentum after growth almost stalled in the first quarter.

Short- and intermediate-dated debt underperformed long-dated bonds after the data, putting the two-year, 10-year yield curve at its flattest levels since March 8. The yield curve US2US10=TWEB flattened to 94.5 basis points, from 97 basis points before the data was released.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold prices rose on Friday, buoyed by weak U.S. equity markets and chart-based strength, as it shrugged off a higher dollar and strong U.S. economic data suggesting a brightening outlook for the economy.

Spot gold XAU= was up 0.8 percent at $1,273.53 an ounce at 2:46 p.m. EDT (1846 GMT). That left gold down 1.1 percent this week, the biggest weekly decline since the week ended March 25.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper bounced back from a 2-1/2 month low on Friday as optimism over a rebound in U.S. economic growth overshadowed a stronger dollar and the prospect of higher U.S. interest rates.

London Metal Exchange three-month copper CMCU3 failed to trade in closing open outcry activity and was bid up 0.3 percent at $4,627.50 a tonne, bouncing from a low of $4,594, its weakest since Feb. 25.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil slipped on Friday on a stronger dollar and as investors cashed in on a three-day rally, but prices still ended the week higher after production in Nigeria fell to its lowest in two decades and wildfires slashed output from Canada's oil sands.

Brent crude futures LCOc1 settled down 25 cents at $47.83 a barrel while U.S. crude CLc1 ended 49 cents lower at $46.21.

For a full report, double click on O/R

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