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

Published 23/03/2017, 07:38 am
Updated 23/03/2017, 07:40 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets

(Updates prices, table) ---------------------------------------------------------------- Snapshot at: 07:36 / 2036 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,684.51 -90.10 NZSX 50

7,060.83 -24.71 DJIA

20,661.30 -6.71 Nikkei

19,041.38 -414.50 NASDAQ

5,804.12 +10.29 FTSE

7,324.72 -53.62 S&P 500

2,348.45 +4.43 Hang Seng

24,320.41 -272.71 SPI 200 Fut

5,687.00 +19.00 STI

3,118.19 -40.38 SSEC

3,245.45 -16.16 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.757 -0.018 US 10 YR Bond

2.403 -0.031 NZ 10 YR Bond

3.245 +0.005 US 30 YR Bond

3.018 -0.032 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7680 0.7667 NZD US$

0.7048 0.7040 EUR US$

1.0801 1.0813 Yen US$

111.13 111.42 ---------------------------------------------------------------- Commodities Gold (Lon)

1,249.05

Silver (Lon)

17.48 Gold (NY)

1,244.50

Light Crude

48.13 TRJCRB Index

183.85 -0.43 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - The S&P 500 ended up slightly on Wednesday as investors focused on President Donald Trump's struggle to push through a healthcare bill and snapped up stocks after a steep drop the day before.

Based on the latest available data, the Dow Jones Industrial Average .DJI was down 6.84 points, or 0.03 percent, to 20,661.17, the S&P 500 .SPX had gained 4.43 points, or 0.19 percent, to 2,348.45 and the Nasdaq Composite .IXIC had added 27.82 points, or 0.48 percent, to 5,821.64.

For a full report, double click on .N

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LONDON - British shares pulled back on Wednesday, weighed by banks and miners, as investors repriced expectations for fiscal easing from the U.S. and a stronger outlook for sterling compounded weakness in the UK stock market.

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Britain's blue-chip FTSE 100 index .FTSE was down 0.8 percent by 1240 GMT, hitting a two-week low and set for its biggest daily drop since late January. Though some of those losses were pared as attention turned to what police called a terrorist incident near Parliament.

For a full report, double click on .L

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TOKYO - Japan's Nikkei share average tumbled on Wednesday to its lowest close since late February, taking its cue from a sell-off on Wall Street and a strengthening of the perceived safe-haven yen.

The Nikkei .N225 ended down 2.1 percent at 19,041.38, plumbing its lowest levels since Feb. 27.

For a full report, double click on .T

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SYDNEY - Australian shares are set to open higher on Thursday, rebounding from the biggest one-day fall in more than four months.

Local share price index futures YAPcm1 rose 0.34 percent to 5,687, a 3.5-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 1.6 percent on Wednesday.

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar hit a four-month low against the safe-haven yen on Wednesday as investors rethought growth expectations under a Trump administration that had pushed the greenback to a 14-year peak and stocks to record highs.

On Wednesday, the dollar index .DXY, which measures the greenback against a basket of six major currencies, was down 0.12 percent at 99.698 after touching a near seven-week low of 99.547.

For a full report, double click on USD/

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- - - -

TREASURIES

NEW YORK - U.S. Treasury yields fell on Wednesday as investors reduced expectations that the Federal Reserve is likely to adopt a faster path in raising interest rates and any new fiscal stimulus is seen as unlikely in the near-term.

Benchmark 10-year notes US10YT=RR gained 11/32 in price to yield 2.40 percent, down from 2.43 percent on Tuesday.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold climbed to a three-week high on Wednesday as the dollar fell to near six-week lows and bond yields sank on uncertainty over the economic policies of U.S. President Donald Trump. Spot gold XAU= was up 0.3 percent at $1,248.68 an ounce by 1453 GMT, close to the session high of $1,250.51.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper rebounded from a near two-week low on Wednesday as investors took advantage of a correction to rebuild long positions amid persistent supply issues, including a strike at the world's biggest copper mine in Chile.

Three-month copper on the London Metal Exchange CMCU3 closed up 0.6 percent at $5,808 a tonne, bouncing from its weakest since March 10 at $5,715 a tonne.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices slipped on Wednesday to their lowest since late November, with Brent testing the $50 per barrel support, after data showed record high U.S. crude inventories rising faster than expected, raising doubts over the viability of OPEC-led output cuts.

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Global benchmark Brent LCOc1 shed 32 cents, or 0.6 percent, to settle at $50.64 a barrel, its lowest close since Nov. 30 when OPEC countries agreed to cut output. The contract fell as low as $49.71 in morning trade.

On its first day as the front-month, U.S. West Texas Intermediate (WTI) crude CLc1, CLK7 futures for May slipped 20 cents, or 0.4 percent, to settle at $48.04 per barrel. The session low was $47.01, its lowest since Nov. 30.

For a full report, double click on O/R

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