Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

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

Published 16/12/2016, 07:12 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
USD/JPY
-
UK100
-
XAU/USD
-
US500
-
DJI
-
AXJO
-
JP225
-
HK50
-
CNA
-
GC
-
HG
-
LCO
-
CL
-
IXIC
-
US5YT=X
-
US7YT=X
-

(Updates with fresh numbers throughout, adds Sydney pre-open)

Dec 16 - - --------------------------------------------------------------- Snapshot at: 07:00 / 2000 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,538.58 -46.04 NZSX 50

6,748.62 -49.24 DJIA

19,861.69 +69.16 Nikkei

19,273.79 +20.18 NASDAQ

5,456.77 +20.10 FTSE

6,999.01 +49.82 S&P 500

2,262.36 +9.08 Hang Seng

22,059.40 -397.22 SPI 200 Fut

5,489.00 +4.00 STI

2,930.77 -23.29 SSEC

3,118.32 -22.21 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.900 +0.013 US 10 YR Bond

2.578 +0.055 NZ 10 YR Bond

3.395 -0.010 US 30 YR Bond

3.144 -0.002 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7362 0.7416 NZD US$

0.7036 0.7091 EUR US$

1.0425 1.0487 Yen US$

117.89 117.59 ---------------------------------------------------------------- Commodities Gold (Lon)

1,126.95

Silver (Lon)

15.99 Gold (NY)

1,144.12

Light Crude

50.96 TRJCRB Index

190.48 -1.31 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks were off their highs but continued to hover near record levels on Thursday as investors viewed the Federal Reserve's interest rate outlook as a sign of confidence in the economy.

At 12:57 p.m. ET (1757 GMT) the Dow Jones Industrial average .DJI was up 107.92 points, or 0.55 percent, at 19,900.45. The S&P 500 .SPX was up 12.5 points, or 0.55 percent, at 2,265.78. The Nasdaq Composite .IXIC was up 33.83 points, or 0.62 percent, at 5,470.50.

For a full report, double click on .N

- - - -

LONDON - UK shares rose on Thursday, helped by stronger banking stocks and Centrica CNA.L , although mining companies fell after the U.S. Federal Reserve raised interest rates.

The blue chip FTSE 100 .FTSE index ended up 0.7 percent.

For a full report, double click on .L

- - - -

TOKYO - Japan's Nikkei rose fractionally on Thursday in choppy trade as the dollar surged against the yen after the U.S. Federal Reserve raised rates for the first time in a year and hinted further hikes could come at a faster pace than the market had expected.

The Nikkei share average .N225 rose 0.1 percent to 19,273.79 after dipping into negative territory.

For a full report, double click on .T

- - - -

SYDNEY - Australian shares are set to open slightly higher on Friday, tracking Wall Street which hovered near record levels after the Federal Reserve raised interest rates a day earlier.

Local share price futures YAPcm1 rose 0.1 percent to 5491.00 points. The benchmark S&P/ASX 200 index .AXJO closed 0.8 percent lower on Thursday.

- - - -

FOREIGN EXCHANGE

NEW YORK - The U.S. dollar surged to its highest level in 14 years against a basket of major currencies on Thursday on anticipation of a more hawkish Federal Reserve and a boost in U.S. economic growth under President-elect Donald Trump.

The dollar was last up 1.14 percent against the yen JPY= at 118.35 yen after rising as much as 1.4 percent to 118.66 yen, its highest level since early February. The euro was down 1.08 percent at $1.0421 after falling as much as 1.3 percent to $1.0396, its lowest since early January 2003.

For a full report, double click on USD/

- - - -

TREASURIES

NEW YORK -U.S. Treasury yields rose broadly on Thursday, boosted by the prospect of more interest rate increases by the Federal Reserve next year, although those on long-dated bonds came off their highs after fairly tame consumer inflation data for November.

The belly of the yield curve also climbed to multi-year peaks, with U.S. five-year notes US5YT=RR rising to their strongest level in 5-1/2 years and seven-year notes US7YT=RR hitting almost three-year highs.

For a full report, double click on US/

- - - -

COMMODITIES

GOLD

NEW YORK - Gold hit its lowest since early February on Thursday after the Federal Reserve sounded an unexpectedly hawkish note on U.S. interest rates, sparking a surge in Treasury yields and sending the dollar to a 14-year high.

Spot gold XAU= hit a 10-1/2 month low of $1,126.48 an ounce, and was down 1.3 percent at $1,129.47 an ounce by 1455 GMT. U.S. gold futures GCv1 for February delivery were $32.70, or 2.8 percent, lower at $1,131.00.

For a full report, double click on GOL/

- - - -

BASE METALS

LONDON - Copper steadied on Thursday, recovering from early losses triggered by a rising dollar and higher inventories that cast doubt over demand strength and expectations of tighter supply.

Benchmark copper CMCU3 on the London Metal Exchange ended the session 0.2 percent up at $5,732 a tonne. The metal used widely in power and construction has fallen more than 5 percent since breaking above $6,000 last month.

For a full report, double click on MET/L

- - - -

OIL

NEW YORK - Oil prices reversed earlier losses and turned slightly positive on Thursday after failing to break below technical support levels and as OPEC members told customers they would cut crude supplies as part of the cartel's agreement to reduce output.

Brent LCOc1 futures for February delivery were up 36 cents, or 0.7 percent, at $54.26 a barrel by 1:39 p.m. EST (1839 GMT). U.S. crude CLc1 rose 19 cents, or 0.4 percent, to $51.23 per barrel. Brent fell to $53.15 earlier in the session, its lowest since Dec. 8.

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.