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

Published 05/08/2015, 07:02 am
Updated 05/08/2015, 07:06 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
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-----------------------(0659 / 2059 GMT)-----------------------

Stock Markets

S&P/ASX 200

5,697.90 +18.56 NZSX 50

5,933.75 -24.10 DJIA

17,550.69 -47.51 Nikkei

20,520.36 -27.75 NASDAQ

5,105.55 -9.84 FTSE

6,686.57 -2.05 S&P 500

2,093.32 -4.72 Hang Seng

24,406.12 -5.30 SPI 200 Fut

5,623.00 -16.00 TRJCRB Index

200.87 +1.57 Bonds

AU 10 YR Bond

2.787 +0.044 US 10 YR Bond

2.223 +0.071 NZ 10 YR Bond

3.325 +0.015 US 30 YR Bond

2.897 +0.036 Currencies (Prev at 7pm NZST)

AUD US$

0.7377 0.7374 NZD US$

0.6537 0.6587 EUR US$

1.0879 1.0956 Yen US$

124.35 123.98 Commodities

Gold (Lon)

1090.65

Silver (Lon)

14.58

Gold (NY)

1085.75

Light Crude

45.96

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

EQUITIES

NEW YORK - Wall Street ended lower on Tuesday for a third straight session as investors worried about a rise in interest rates while Apple's shares hit their lowest in over six months.

The Dow Jones industrial average .DJI fell 0.27 percent to end at 17,550.69 and the S&P 500 .SPX lost 0.22 percent to 2,093.32. The Nasdaq Composite .IXIC dropped 0.19 percent finish at 5,105.55.

For a full report, double click on .N

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LONDON - Top UK shares ended Tuesday on a flat note, with the market pegged back by a mixed bag of corporate earnings and a $30-billion bid from drugmaker Shire SHP.L to buy rival Baxalta BXLT.N .

The FTSE 100 .FTSE lost 2.05 points on the day, closing at 6,686.57 points. The index's skew towards mining and energy stocks have exposed it to fears over China's growth prospects and commodity price falls.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average edged down on Tuesday on weakness in manufacturing activity in China and the United States, prompting investors to rotate out of cyclicals to defensive stocks such as drugmakers.

The benchmark average .N225 fell as much as 0.5 percent and closed at 20,520.36, down 0.1 percent. The broader Topix .TOPX was flat at 1,659.83.

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 where worries about an eventual hike in U.S. interest rates weighed on the market.

Stock index futures YAPcm1 fell 0.3 percent to 5,623.0, a 74.9 point discount to the underlying S&P/ASX 200 index .AXJO . The benchmark index closed 0.3 percent higher on Tuesday.

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FOREIGN EXCHANGE

NEW YORK - The dollar rose on Tuesday as a top U.S. Federal Reserve official voiced support for an interest rate increase in September despite a batch of disappointing data on wages and manufacturing activity.

The dollar index .DXY was up 0.5 percent at 97.957, wiping out earlier losses. The greenback rose 0.3 percent on the day to 124.33 yen JPY= , while the euro fell 0.6 percent at $1.0883 EUR= .

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasuries prices fell on Tuesday after comments from a top Federal Reserve official revived expectations that the central bank would hike interest rates in September, while profit-taking ahead of a key U.S. jobs report also weighed on prices.

Benchmark 10-year Treasury notes US10YT=RR were last down 17/32 in price to yield 2.21 percent, from a yield of 2.15 percent late Monday. U.S. 30-year bonds US30YT=RR were last down 22/32 in price to yield 2.90 percent, from a yield of 2.86 percent late Monday.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK/LONDON - Gold retreated from intraday highs on Tuesday as the dollar moved higher and a voting member of the U.S. Federal Reserve said he is ready to support an interest rate increase in September.

Spot gold XAU= was up 0.2 percent at $1,087.61 an ounce at 1910 GMT, not far above the $1,077 it hit on July 24, the lowest since February 2010. U.S. gold futures for December delivery GCZ5 settled up 0.1 percent at $1,090.70 an ounce.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices bounced on Tuesday in response to a weaker dollar and a rally in Chinese equities, but significant gains are unlikely until markets shift their focus back to fundamentals from macro-economics.

Benchmark copper CMCU3 on the London Metal Exchange ended up at $5,235 a tonne, from $5,220 at the close on Monday, when the metal used in power and construction fell to a six-year low at $5,142.

For a full report, double click on MET/L

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OIL

NEW YORK - Global crude prices advanced from multi-month lows on Tuesday, helped by a stock market rally in No. 2 oil consumer China, but abundant supply and a weak demand outlook make crude's rebound unlikely to hold, traders and analysts said.

At the close, Brent LCOc1 was up 47 cents, or 1 percent, at $49.99 a barrel. It hit a six-month low on Monday, coming within cents of its 2015 bottom of $49.19.

U.S. crude CLc1 settled up 57 cents, or 1.3 percent, at $45.74. It plumbed a four-month bottom of $45.17 the previous session, about $3 from the year low.

For a full report, double click on O/R

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