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

Published 10/07/2015, 07:34 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
UK100
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US500
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DJI
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AXJO
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JP225
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US10YT=X
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(Updates throughout) (Repeats to additional subscribers)

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Stock Markets

S&P/ASX 200

5,470.97 +1.45 NZSX 50

5,737.44 -30.26 DJIA

17,548.62 +33.20 Nikkei

19,855.50 +117.86 NASDAQ

4,922.40 +12.64 FTSE

6,581.63 +90.93 S&P 500

2,051.31 +4.63 Hang Seng

24,392.79 +876.23 SPI 200 Fut

5,387.00 -21.00 TRJCRB Index

217.59 +2.33 Bonds

AU 10 YR Bond

2.913 +0.095 US 10 YR Bond

2.318 +0.112 NZ 10 YR Bond

3.500 +0.080 US 30 YR Bond

3.116 +0.131 Currencies (Prev at 7pm NZST)

AUD US$

0.7447 0.7479 NZD US$

0.6736 0.6730 EUR US$

1.1035 1.1097 Yen US$

121.26 121.39 Commodities

Gold (Lon)

1164.25

Silver (Lon)

15.39

Gold (NY)

1157.85

Light Crude

52.79

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Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks closed higher on Thursday after Wall Street found relief in Beijing's efforts to halt a rout in Chinese stocks, which lifted markets around the world.

The Dow Jones industrial average .DJI rose 33.2 points, or 0.19 percent, to end at 17,548.62. The S&P 500 .SPX gained 4.63 points, or 0.23 percent, to 2,051.31 and the Nasdaq Composite .IXIC added 12.64 points, or 0.26 percent, to 4,922.40.

For a full report, double click on .N

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LONDON - Britain's top equity index moved further away from this week's six-month lows on Thursday, lifted by well-received results from Associated British Foods ABF.L and Barratt Developments BDEV.L .

The FTSE 100 .FTSE rose 90.93 points, or 1.4 percent to 6,581.63 points by the close, having hit a six-month low in the previous session.

For a full report, double click on .L

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TOKYO - Japanese stocks ended up on Thursday, pulling back from 3-month lows in volatile trade as China's markets stemmed their rout after Beijing slapped curbs on selling in the latest of a flurry of emergency measures to avert a full-blown crisis.

The Nikkei average .N225 rose 0.6 percent to 19,855.50 after falling as much as 3.2 percent to 19,115.20 in the morning.

The broader Topix index .TOPX fell 0.2 percent to 1,579.89 after diving as much as 3.6 percent to 1,526.09, its lowest since April 1. Trading was heavy, with 3.7 billion shares changing hands, the largest since last November.

For a full report, double click on .T

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SYDNEY - Australian shares are likely to have another day of volatile trading on Friday amid uncertainty about whether measures by China's government will arrest a huge equities decline and whether Greece's government can agree to a fresh European bailout proposal.

The local share price index futures YAPcm1 were down 21 points at 5,387.0, an 84 point discount to the underlying S&P/ASX 200 index .AXJO close. On Thursday, the benchmark fell as much as 2 percent before closing up 1.5 points at 5,471.

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FOREIGN EXCHANGE

NEW YORK - The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded and worries about Greece eased somewhat as Europe awaited reform proposals from the debt-burdened country to back its request for another three-year loan.

In late New York trading, the dollar was up 0.5 percent against the yen at 121.32 JPY= . The greenback also rose against the Swiss franc CHF= , up 0.3 percent at 0.9485 franc.

The euro EUR= , meanwhile, was down 0.6 percent against the dollar at $1.1011 having topped $1.11 in Asian trade.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury debt prices fell on Thursday as China's beaten-down stock markets rose after recent huge falls and Wall Street bounced back from sharp losses.

Yields on the 30-year bond US30YT=RR were knocked under 3 percent on Wednesday but were last at 3.1007 percent, reflecting a price drop of 2-9/32.

The 10-year note US10YT=RR was down 27/32 in price and yielding 2.3049 percent.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK - Gold pared gains on Thursday after climbing from the prior session's four-month low as a recovery in Chinese shares cooled fears of a wider rout in the major bullion consumer while strength in the U.S. dollar kept a lid on gains.

Spot gold XAU= was up 0.3 percent at $1,160.96 an ounce, up from Wednesday's four-month low at $1,146.75, just a few dollars from its low for the year, a key support level. U.S. gold futures GCcv1 for August delivery settled down 0.4 percent at $1,159.20.

For a full report, double click on GOL/

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BASE METALS

LONDON - Copper prices rebounded further on Thursday from a six-year low hit in the previous session, as Beijing managed to halt panic selling in Chinese equities, though underlying worries about China's growth persisted.

Three-month copper on the London Metal Exchange CMCU3 closed up 2 percent at $5,632 a tonne. It gained 3.4 percent in the previous session, having sunk at one point to its weakest since July 2009 at $5,240.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil rebounded sharply on Thursday from three-month lows hit earlier this week, with prices up nearly 3 percent as China's collapsing stock market steadied and oil traders remained uncertain about negotiations for a nuclear deal that will allow Iran to export more crude.

Brent crude LCOc1 settled up $1.56, or 2.7 percent, at $58.61 a barrel. On Monday, Brent hit a three-month low of $55.10. U.S. crude CLc1 settled up $1.13, or 2.2 percent at $52.78. This week's low of $50.58 was the lowest since April.

For a full report, double click on O/R

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