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

Published 29/09/2016, 07:21 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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SMIN
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DX
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GC
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LCO
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CL
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IXIC
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US2YT=X
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US10YT=X
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US30YT=X
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DXY
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(Adds Australian shares and new figures throughout) ---------------------------------------------------------------- Snapshot at: 07:10 / 2110 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,412.35 +6.46 NZSX 50

7,305.11 +14.66 DJIA

18,339.24 +110.94 Nikkei

16,465.40 -218.53 NASDAQ

5,318.55 +12.84 FTSE

6,849.38 +41.71 S&P 500

2,171.37 +11.44 Hang Seng

23,619.65 +47.75 SPI 200 Fut

5,442.00 +41.00 STI

2,858.01 -2.22 SSEC

2,988.13 -10.05 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.005 -0.002 US 10 YR Bond

1.572 +0.016 NZ 10 YR Bond

2.340 -0.005 US 30 YR Bond

2.289 +0.011 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7685 0.7682 NZD US$

0.7274 0.7276 EUR US$

1.1215 1.1197 Yen US$

100.65 100.54 ---------------------------------------------------------------- Commodities Gold (Lon)

1,322.50

Silver (Lon)

19.18 Gold (NY)

1,327.14

Light Crude

47.16 TRJCRB Index

185.90 +2.80 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - Wall Street ended higher on Wednesday after an OPEC agreement to limit crude output fueled a rally in oil and more than offset nervousness about a tight race for the U.S. presidency.

The Dow Jones industrial average .DJI rose 0.61 percent to end at 18,339.24 points and the S&P 500 .SPX gained 0.53 percent to 2,171.37. The Nasdaq Composite .IXIC added 0.24 percent to 5,318.55.

For a full report, double click on .N

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LONDON - Britain's blue-chip share index bounced back from a one-week low on Wednesday as engineering firm Smiths Group (LON:SMIN) SMIN.L surged after posting higher-than-expected profits and miners tracked stronger metals prices.

The FTSE 100 index .FTSE closed 0.6 percent higher at 6,849.38 points, in line with a broader rally in European stock markets, after falling to a one-week low in the previous session. It is up nearly 10 percent so far this year.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average fell on Wednesday, pressured by the yen's recent strength as well as ex-dividend share price adjustments.

The Nikkei .N225 dropped 1.3 percent, or 218.53 points, to end at 16,465.40. The ex-dividend price adjustment trimmed the Nikkei by about 115-120 points, according to market participants.

For a full report, double click on .T

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SYDNEY - Australian shares are seen opening higher on Thursday, tracking Wall Street's rise on a surging oil price overnight.

Local share price futures YAPcm1 rose 0.8 percent to 5,442 points, which is a 29.6-point premium to the underlying S&P/ASX 200 index .AXJO . The benchmark edged up 0.1 percent on Wednesday.

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar hit a roughly five-month low against the Norwegian crown and fell against other commodity-linked currencies on Wednesday after OPEC sources told Reuters the producing group agreed to reduce its oil output.

The dollar index .DXY , which measures the greenback against a basket of six major currencies, was last roughly flat at 95.451. The dollar was last up 0.24 percent against the yen at 100.67 yen JPY= , and was roughly flat against the Swiss franc CHF= at 0.9710 franc.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. long-dated Treasury debt yields edged higher on Wednesday, boosted by a Reuters report that OPEC has reached a deal to limit oil production, with the agreement to be implemented in November.

In afternoon trading, U.S. benchmark 10-year Treasury notes US10YT=RR were down 1/32 in price for a yield of 1.561, compared with 1.556 percent late on Tuesday. U.S. 30-year bonds slipped 3/32 in price, yielding 2.282 percent, up from Monday's 2.278 percent US30YT=RR . On the front end of the curve, U.S. two-year notes were flat in price for a yield of 0.750 percent US2YT=RR .

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold prices fell for the second straight day and hit a one-week low on Wednesday, pressured by earlier strength in the U.S. dollar and as investors assessed Federal Reserve Chair Janet Yellen's testimony before a congressional committee.

Spot gold XAU= fell 0.4 percent at $1,322.22 an ounce by 3:11 p.m. EDT (1911 GMT). It fell nearly 1 percent on Tuesday, its biggest single-day loss in a month, on stronger risk appetite.

For a full report, double click on GOL/

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BASE METALS

LONDON - Tin hit its highest price since January last year on Wednesday after inventories dwindled while nickel struggled to advance as investors assessed the likely impact of mine suspensions in top ore exporter the Philippines.

Benchmark tin prices CMSN3 on the LME closed up 0.6 percent at $19,850 a tonne after touching $19,950, the highest since January 2015. Tin has gained 37 percent this year making it the second best performing LME metal behind zinc.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices settled up nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since 2008 and after the market crashed on oversupply.

Brent crude LCOc1 settled up $2.72, or 5.9 percent, at $48.69 a barrel, hitting a more than two-week high of $48.96. U.S. West Texas Intermediate (WTI) crude CLc1 rose by $2.38, or 5.3 percent, to settle at $47.05, after a peak $47.45, its highest since Sept 8.

For a full report, double click on O/R

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