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

Published 03/03/2017, 07:25 am
Updated 03/03/2017, 07:30 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
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
-
CAT
-
GC
-
HG
-
LCO
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CL
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IXIC
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US5YT=X
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US7YT=X
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US30YT=X
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STOXX
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DXY
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SX7P
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SXPP
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---------------------------------------------------------------- Snapshot at: 07:23 / 2023 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,776.59 +71.79 NZSX 50

7,175.83 +27.05 DJIA

21,039.16 -76.39 Nikkei

19,564.80 +171.26 NASDAQ

5,864.64 -39.39 FTSE

7,382.35 -0.55 S&P 500

2,383.92 -12.04 Hang Seng

23,728.07 -48.42 SPI 200 Fut

5,742.00 -21.00 STI

3,136.48 +13.71 SSEC

3,230.57 -16.36 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.824 +0.025 US 10 YR Bond

2.491 +0.029 NZ 10 YR Bond

3.375 +0.020 US 30 YR Bond

3.085 +0.014 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7569 0.7649 NZD US$

0.7062 0.7124 EUR US$

1.0504 1.0526 Yen US$

114.40 114.18 ---------------------------------------------------------------- Commodities Gold (Lon)

1,238.10

Silver (Lon)

17.79 Gold (NY)

1,248.86

Light Crude

52.65 TRJCRB Index

188.81 -2.46 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks retreated on Thursday, led by financial stocks, while Caterpillar (NYSE:CAT) CAT.N shares dropped following news that federal officials searched its Illinois facilities.

The Dow Jones Industrial Average .DJI was down 51.13 points, or 0.24 percent, to 21,064.42, the S&P 500 .SPX lost 8.97 points, or 0.37 percent, to 2,386.99 and the Nasdaq Composite .IXIC dropped 30.47 points, or 0.52 percent, to 5,873.56.

For a full report, double click on .N

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LONDON - European shares paused for breath on Thursday after a strong rally in the previous session, though there were sharp gains from Britain's Melrose and Norway's Subsea after well-received results.

The pan-European STOXX 600 .STOXX index ended flat, weighed down by falls among basic resources .SXPP and banking stocks .SX7P .

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average hit a 14-month peak on Thursday as the yen weakened against the dollar on heightened expectations for the Federal Reserve to raise interest rates this month and after Wall Street soared to record highs.

The Nikkei .N225 closed 0.9 percent higher at 19,564.80 after brushing 19,668.01, its highest since December 2015.

For a full report, double click on .T

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SYDNEY - Australian shares are set to open lower on Friday, with mining stocks under pressure from a surging U.S. dollar, after comments by Federal Reserve governors stoked expectations of a U.S. rate hike in March.

Local share price index futures YAPcm1 slipped 0.3 percent to 5,746.0, a 30.6-point discount to the underyling S&P/ASX 200 index .AXJO close. The benchmark rose 1.3 percent on Thursday.

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FOREIGN EXCHANGE

NEW YORK - The dollar rose to a seven week high against a basket of currencies on Thursday, after hawkish comments by a Federal Reserve official late on Wednesday encouraged investors to expect a near-term interest rate hike.

The dollar rose 0.45 percent against a basket of six major currencies .DXY to 102.24, its highest since Jan. 11.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. two-year Treasury yields hit their highest in more than 7-1/2 years on Thursday, while other U.S. yields hit multi-week or multi-month highs on increasing expectations that the Federal Reserve will raise interest rates at its March meeting.

U.S. 30- and seven-year yields hit more than two-week highs of 3.092 percent US30YT=RR and 2.329 percent US7YT=RR , respectively, while five-year yields US5YT=RR touched a two-month high of 2.032 percent.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK/LONDON - Gold prices were on track for their weakest session since December on Thursday, buoyed by a firm dollar and rising U.S. rate hike expectations in March following buoyant U.S. economic data and hawkish comments from Federal Reserve governors.

Spot gold XAU= was down 1.3 percent at $1,232.61 an ounce by 1:54 p.m. EST (1854 GMT), on track for the biggest one-day fall since Dec. 15.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper fell on dollar strength on Thursday and after recent gains tempted investors to book profits, though sentiment remains underpinned by manufacturing reports from China and elsewhere that pointed to firmer demand.

London Metal Exchange copper CMCU3 ended down 1.4 percent at $5,930 a tonne, having hit its highest since Feb. 21 in the previous session. The metal hit a 21 month high last month on supply disruptions in Chile and Indonesia.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices fell more than 2 percent on Thursday after Russian crude production remained unchanged in February, showing weak compliance with a global deal to curb supply to tighten the oversupplied market.

Brent futures LCOc1 ended the session $1.28, or 2.3 percent, lower at $55.08 per barrel, and U.S. crude CLc1 settled down $1.22, or 2.3 percent, at $52.61.

For a full report, double click on O/R

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