Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

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

Published 08/07/2015, 07:37 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
UK100
-
US500
-
DJI
-
AXJO
-
JP225
-
IXIC
-
US10YT=X
-
TOPX
-
JPXNK400
-
DXY
-

(Updates with fresh numbers throughout; adds Sydney shares pre-open) ----------------------(07:24/2124 GMT)----------------------- Stock Markets

S&P/ASX 200

5,581.42 +106.43 NZSX 50

5,803.17 +27.27 DJIA

17,776.91 +93.33 Nikkei

20,376.59 +264.47 NASDAQ

4,997.46 +5.52 FTSE

6,432.21 -103.47 S&P 500

2,081.34 +12.58 Hang Seng

24,975.31 -260.97 SPI 200 Fut

5,508.00 -15.00 TRJCRB Index

215.53 -2.34 Bonds

AU 10 YR Bond

2.867 -0.032 US 10 YR Bond

2.255 -0.023 NZ 10 YR Bond

3.510 -0.035 US 30 YR Bond

3.035 -0.036 Currencies (Prev at 7pm NZST)

AUD US$

0.7444 0.7484 NZD US$

0.6648 0.6656 EUR US$

1.0994 1.1026 Yen US$

122.41 122.71 Commodities

Gold (Lon)

1156.25

Silver (Lon)

15.01

Gold (NY)

1169.65

Light Crude

52.95

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

EQUITIES

NEW YORK - U.S. stocks ended higher after a choppy session on Tuesday, as a rebound in U.S. oil prices helped offset concerns about a slowdown in China and the Greek debt crisis.

The S&P energy index .SPNY reversed course to trade up 0.9 percent as U.S. crude oil CLc1 rose 0.7 percent after trading as much as 3.7 percent lower earlier in the day.

The Dow Jones industrial average .DJI rose 93.33 points, or 0.53 percent, to end at 17,776.91. The S&P 500 .SPX gained 12.58 points, or 0.61 percent, to 2,081.34 after briefly falling below its 200-day moving average. The Nasdaq Composite .IXIC added 5.52 points, or 0.11 percent, to 4,997.46.

For a full report, double click on .N

- - - -

LONDON - Britain's benchmark equity index dropped on Tuesday to its lowest level in around six months, hit by persistent concerns over Greece and a pullback in mining stocks as metal prices fell.

The blue-chip FTSE 100 index .FTSE closed down 1.6 percent at 6,432.21 points, around its lowest since mid-January.

For a full report, double click on .L

- - - -

TOKYO - Japan's Nikkei share average rebounded on Tuesday as bargain hunters stepped in a day after Greek angst triggered a sharp fall, but uncertainty over China's efforts to rescue its slumping stock market capped further gains.

The Nikkei share average .N225 gained 1.3 percent to 20,376.59, after tumbling 2.1 percent the previous day in a knee-jerk reaction to rejection of austerity measures by Greek voters.

The broader Topix .TOPX rose 1 percent to 1,637.23 and the JPX-Nikkei Index 400 .JPXNK400 advanced 1 percent to 14,788.86.

For a full report, double click on .T

- - - -

SYDNEY - Australian shares are set for a weak start on Wednesday tracking subdued global cues while continuing weakness in iron ore and commodity prices will likely pressure resources stocks.

Local share price index futures .AXJO fell 0.3 percent overnight to 5,508 points, a 73.4-point discount to the underlying S&P/ASX 200 index .AXJO . The benchmark snapped a two-day losing streak on Tuesday to rise 106.4 points to 5,581.42.

- - - -

FOREIGN EXCHANGE

NEW YORK - The euro dropped to a five-week low against a buoyant U.S. dollar on Tuesday, after the European Central Bank tightened lending conditions for Greek banks, raising concerns the lenders could run out of cash.

Against the dollar, the euro fell 0.7 percent to $1.0978 EUR= , after sliding to a five-week low of $1.0917, while the dollar index .DXY rose 0.6 percent to 96.846, after earlier hitting a one-month high.

For a full report, double click on USD/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields tumbled on Tuesday, with investors worried about Greece's debt crisis and possible exit from the euro zone pushing benchmark 10-year yields to five-week lows.

The 10-year note US10YT=RR was last up 17/32 to yield 2.2153 percent after earlier yielding as little as 2.185 percent, a level last seen on June 2.

For a full report, double click on US/

- - - -

COMMODITIES

GOLD

NEW YORK - Gold fell to a near four-month low on Tuesday as the dollar climbed ahead of an emergency euro zone summit on Greece with the country's banks rapidly running out of cash.

Spot gold XAU= dropped to its lowest since March 18 at $1,154.45 an ounce earlier and was down 1 percent at $1,158.15 an ounce by 1341 GMT, while U.S. gold futures GCcv1 dropped 1.5 percent to $1,155.90 an ounce.

For a full report, double click on GOL/

- - - -

BASE METALS

LONDON - Copper prices crashed to a six-year low on Tuesday as the dollar gained on the potential for financial instability created by the Greek debt crisis and Chinese equity market losses.

Other industrial metals followed. Nickel CMNI3 slumped 10 percent, its biggest one-day percentage fall since May 2010, to $10,440 a tonne, its lowest level since April 2009.

Aluminium CMAL3 touched a six-year low at $1,641 and zinc CMZN3 hit $1,925, its lowest since Dec. 2013.

Benchmark copper CMCU3 on the London Metal Exchange fell nearly 6 percent to $5,261.50 a tonne earlier in the session, its lowest since July 2009. The metal, used in power and construction, ended $5,339.5 from $5,590 at Monday's close.

For a full report, double click on MET/L

- - - -

OIL

NEW YORK - U.S. crude oil prices fell for a second straight day on Tuesday as worries about Greece and China's stock market losses sparked an investor flight to safe havens, and technical selling threatened to push oil further into a bear market.

U.S. crude CLc1 has lost more than 8 percent since Thursday's close for the sharpest two-day fall since end-November. It settled down 20 cents on Tuesday at $51.98 per barrel.

Brent LCOc1 , the more globally-used crude benchmark, settled up 31 cents at $56.85.

For a full report, double click on O/R

- - - -

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.