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

Published 09/03/2017, 05:30 am
Updated 09/03/2017, 05:40 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets

(Repeats to additional subscribers, with no changes to text) ---------------------------------------------------------------- Snapshot at: 07:28 / 1828 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,759.66 -1.73 NZSX 50

7,178.22 +10.59 DJIA

20,914.03 -10.73 Nikkei

19,254.03 -90.12 NASDAQ

5,856.32 +22.39 FTSE

7,334.61 -4.38 S&P 500

2,370.47 +2.08 Hang Seng

23,782.27 +101.20 SPI 200 Fut

5,751.00 +4.00 STI

3,145.29 +14.85 SSEC

3,241.18 -1.22 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.928 +0.051 US 10 YR Bond

2.547 +0.036 NZ 10 YR Bond

3.345 -0.010 US 30 YR Bond

3.138 +0.028 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7539 0.7592 NZD US$

0.6912 0.6968 EUR US$

1.0548 1.0565 Yen US$

114.37 113.68 ---------------------------------------------------------------- Commodities Gold (Lon)

1,209.20

Silver (Lon)

17.28 Gold (NY)

1,215.57

Light Crude

51.01 TRJCRB Index

185.96 -2.06 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - The S&P 500 and the Dow Jones Industrial Average swung between losses and gains on Wednesday as gains in financials following a strong private sector hiring report were offset by declines in energy stocks.

At 12:29 p.m. ET (1729 GMT), the Dow .DJI was down 18.69 points, or 0.09 percent, at 20,906.07, the S&P 500 .SPX was down 0.08 points, or flat, at 2,368.31. The Nasdaq Composite .IXIC was up 12.24 points, or 0.21 percent, at 5,846.17, propped up by health and technology stocks.

For a full report, double click on .N

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LONDON - UK shares steadied at the close on Wednesday as Britain's budget statement delivered few surprises, although builders got a small boost from reassuring comments on infrastructure spending.

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The blue chip FTSE 100 .FTSE index ended 0.06 percent lower after suffering a four-day losing streak, while strong updates from smaller firms lifted mid caps .FTMC . The FTSE small cap index .FTSC hit a record high before closing 0.1 percent firmer.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average eased slightly for the fourth consecutive session on Wednesday, as investors turned cautious ahead of a U.S. jobs report later in the week.

The Nikkei .N225 dropped 0.5 percent to 19,254.03. The broader Topix .TOPX fell 0.3 percent to 1,550.25, while the JPX-Nikkei Index 400 .JPXNK400 lost 0.3 percent to close at 13,872.02.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The dollar rose to its highest level in five days, just below a two-month peak on Wednesday as data on U.S. private sector payrolls rose more than expected for February, increasing investor expectations of an increase to interest rates by the Federal Reserve later this month.

The dollar index .DXY was last up 0.2 percent at 102.03. The dollar rose 0.7 percent against the yen JPY= to 114.74 yen, its highest since March 3, hovering just below a nearly one-month high.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields jumped on Wednesday, with benchmark yields hitting their highest levels since December as a strong gain in U.S. private-sector jobs in February sealed expectations the Federal Reserve will raise interest rates next week.

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Medium- to long-dated Treasury yields reached their highest levels since December after the ADP report. The 10-year Treasury yield US10YT=RR hit 2.583 percent, last seen on Dec. 20, before easing to 2.567 percent, up over 5 basis points from late on Tuesday, according to Reuters data. In "when-issued" activity, traders expected the upcoming 10-year note supply US10YTWI=TWEB to sell at a yield of 2.579 percent, which would be highest yield at a 10-year auction since July 2014.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold prices hit a five-week low on Wednesday as the dollar gathered strength on the prospect of a U.S. interest rate hike.

Spot gold XAU= was down 0.57 percent to $1,208.41 per ounce at 1040 GMT, after touching its lowest since Feb. 1 at $1,206.05, putting it on track for its fifth straight session in the red.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices slipped on Wednesday to a one-month low on selling triggered by a higher dollar, lower imports of the metal by top consumer China and rising inventories.

Benchmark copper CMCU3 on the London Metal Exchange was untraded at the close, but bid down 0.1 percent at $5,765 a tonne from an earlier session low at $5,755.50.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices fell more than 1 percent on Wednesday after the U.S. Department of Energy reported a much larger increase than expected in domestic crude inventories, feeding concerns the supply glut could persist even as OPEC seeks to prop up prices with output curbs.

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Brent crude LCOc1 , the international benchmark, was down 63 cents, or 1.13 percent at $55.29 a barrel at 11:00 a.m. EST (1600 GMT). U.S. crude CLc1 fell 70 cents, or 1.3 percent, to $52.44.

For a full report, double click on O/R

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