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

Published 15/03/2017, 07:41 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
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DX
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GC
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HG
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LCO
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CL
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IXIC
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STOXX
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(Updates prices, table) ---------------------------------------------------------------- Snapshot at: 07:38 / 2038 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,759.14 +1.79 NZSX 50

7,177.09 -17.7 DJIA

20,837.37 -44.11 Nikkei

19,609.50 -24.25 NASDAQ

5,844.51 -31.28 FTSE

7,357.85 -9.23 S&P 500

2,365.45 -8.02 Hang Seng

23,827.95 -1.72 SPI 200 Fut

5,752.00 -10.00 STI

3,143.40 -3.75 SSEC

3,238.62 +1.60 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.932 -0.010 US 10 YR Bond

2.600 -0.007 NZ 10 YR Bond

3.385 +0.010 US 30 YR Bond

3.176 -0.016 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7557 0.7557 NZD US$

0.6918 0.6915 EUR US$

1.0601 1.0644 Yen US$

114.75 114.99 ---------------------------------------------------------------- Commodities Gold (Lon)

1,204.60

Silver (Lon)

16.87 Gold (NY)

1,203.55

Light Crude

48.40 TRJCRB Index

182.12 -1.04 ----------------------------------------------------------------

EQUITIES

NEW YORK - U.S. stocks fell on Tuesday as oil prices dropped to their lowest since November and airlines pulled industrial stocks down as a blizzard hit the U.S. Northeast.

The Dow Jones Industrial Average .DJI fell 44.11 points, or 0.21 percent, to 20,837.37, the S&P 500 .SPX lost 8.02 points, or 0.34 percent, to 2,365.45 and the Nasdaq Composite .IXIC dropped 18.97 points, or 0.32 percent, to 5,856.82.

For a full report, double click on .N

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LONDON - After four days of gains, the pan-European STOXX 600 .STOXX index dropped 0.3 percent on Tuesday, weighed down by bank .SX7P and energy stocks .SXEP , as well as uncertainty over elections in the Netherlands and a U.S. interest rate decision.

For a full report, double click on .L

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TOKYO - Japanese stocks edged down on Tuesday ahead of an expected U.S. interest rate hike, while Toshiba shares were volatile, due to its delayed earnings filing and concerns about its restructuring plan.

The Nikkei share average .N225 shed 0.1 percent to 19,609.50.

For a full report, double click on .T

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SYDNEY - Australian shares are expected to edge lower on Wednesday, taking a lead from a weaker Wall Street, as the index retreats from a near three-week high touched in the previous session.

The local share price index futures YAPcm1 fell 0.2 percent to 5,752.0, an 7.1-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed little changed on Tuesday when the index hit a high of 5,783.6, the highest since February 24.

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FOREIGN EXCHANGE

NEW YORK - The dollar rose on Tuesday, bolstered by a widely expected U.S. interest rate increase from the Federal Reserve this week and bolstered by political risks in Europe as Dutch elections get under way.

The dollar index, which measures the greenback against a basket of six major currencies, climbed 0.4 percent to 101.71 .DXY .

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. long-dated and benchmark Treasury yields edged lower on Tuesday after a drop in oil prices was viewed as a deflationary sign, but the drop in yields was limited as investors awaited the Federal Reserve's policy statement on Wednesday.

Benchmark 10-year yields were down about 2 basis points at 2.591 percent, from 2.607 percent late Monday. Two-year notes edged slightly higher to exhibit a "curve flattener" trade ahead of the Fed statement.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold prices steadied on Tuesday, weighed down by expectations for a rise in U.S. interest rates that boosted the dollar but supported at the margins by political risks in Europe.

Spot gold XAU= edged up by 0.1 percent to $1204.53 an ounce at 1502 GMT as investors took a wait and see approach ahead of the Fed meeting. U.S. gold futures GCcv1 were up 0.1 percent at $1,204.30.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices climbed on Tuesday as funds bought on growing expectations of stronger demand from top consumer China, but a higher dollar ahead of Wednesday's decision on U.S. interest rates by the Federal Reserve capped gains.

The benchmark copper contract CMCU3 on the London Metal Exchange ended up 0.4 percent at $5,820 a tonne, nearly 3 percent above the two-month low at $5,652 hit last week.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil tumbled on Tuesday after OPEC reported a rise in global crude stocks and a surprise output jump from its biggest member, Saudi Arabia, further pressuring prices that have now erased nearly all gains since OPEC announced output cuts in November.

Brent LCOc1 futures dropped below their 200-day moving average for the first time since late November during the session. Brent settled down 43 cents, or 0.8 percent, at $50.92 a barrel.

U.S. West Texas Intermediate crude CLc1 lost 68 cents, or 1.4 percent, to settle at $47.72 per barrel for the seventh daily decline in a row, the longest losing streak since January 2016. It is down almost 11 percent since March 3.

For a full report, double click on O/R

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