🚀 ProPicks AI Hits +34.9% Return!Read Now

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

Published 10/10/2016, 08:00 am
Updated 10/10/2016, 08:10 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
UK100
-
XAU/USD
-
US500
-
DJI
-
AXJO
-
JP225
-
HK50
-
HSBA
-
STAN
-
GC
-
HG
-
LCO
-
IXIC
-
US10YT=X
-

(Add Australian stock market trend) ---------------------------------------------------------------- 07:59 / 2059 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng S&P/ASX 200

5,467.39 -15.64 NZSX 50

7,167.81 -29.48 DJIA

18,240.49 -28.01 Nikkei

16,860.09 -39.01 NASDAQ

5,292.41 -14.45 FTSE

7,044.39 +44.43 S&P 500

2,153.74 -7.03 Hang Seng

23,851.82 -100.68 SPI 200 Fut

5,458.00 +8.00 STI

2,875.24 -9.98 SSEC

3,005.51 +7.03 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.182 -0.001 US 10 YR Bond

1.723 +0.000 NZ 10 YR Bond

2.515 +0.000 US 30 YR Bond

2.455 +0.000 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7601 0.7575 NZD US$

0.7179 0.7125 EUR US$

1.1175 1.1114 Yen US$

103.28 103.91 ---------------------------------------------------------------- Commodities Gold (Lon)

1,258.75

Silver (Lon)

17.51 Gold (NY)

1,256.48

Light Crude

49.81 TRJCRB Index

188.32 -0.23 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks slipped on Friday as a drop in the British pound injected unwanted volatility to financial markets, while a weaker-than-expected jobs report was not enough to derail expectations for a rate hike from the Federal Reserve before the end of the year.

The Dow Jones industrial average .DJI fell 28.01 points, or 0.15 percent, to 18,240.49, the S&P 500 .SPX lost 7.03 points, or 0.33 percent, to 2,153.74 and the Nasdaq Composite .IXIC dropped 14.45 points, or 0.27 percent, to 5,292.41.

For a full report, double click on .N

- - - -

LONDON - Sterling lost as much as 10 percent of its value in just a few minutes of trading early on Friday, a "flash crash" that fuelled concerns about the vulnerability of the currency and other British assets to investor worries about Brexit.

The fall in sterling sounded like good news to investors in internationally focused UK firms, which gain on overseas revenues and competitiveness when the currency falls. The FTSE 100 index .FTSE was up 0.6 percent at its close, led by mining companies and Asia-exposed banks Standard Chartered STAN.L and HSBC HSBA.L while other European stock markets fell sharply.

For a full report, double click on .L

- - - -

TOKYO - Japanese stocks slipped on Friday amid investor caution before an impending U.S. jobs report that could impact near-term direction for risk asset markets.

The Nikkei .N225 fell 0.2 percent to 16,860.09, snapping four sessions of gains. The index still rose 2.5 percent on the week, helped by a sharp slide in the yen versus the dollar.

For a full report, double click on .T

- - - -

SYDNEY - Australian shares are set fo a weak start tracking a decline on Wall Street and commodities with investors awaiting the second presidential debate between Donald Trump and Hillary Clinton ahead of the U.S. elections.

Local share price index YAPcm1 edged up 0.1 percent to 5,458 points, but that was a 9.4-point discount to the close of the underlying S&P/ASX 200 index .AXJO on Friday. The benchmark touched a six-week peak in the last session and ended the week 0.6 percent higher.

- - - -

FOREIGN EXCHANGE

NEW YORK - Sterling plunged on Friday after what traders called a "flash crash" knocked the currency to a 31-year low, while the dollar slipped on news of unexpectedly weak U.S. jobs growth in September.

On Friday, the pound plunged about 10 percent from levels around $1.2600 to $1.1378 GBP=D4 in a matter of minutes in thin early Asian trading.

For a full report, double click on USD/

- - - -

TREASURIES

NEW YORK - U.S. Treasuries ended little changed on Friday after data showed that U.S. employment growth unexpectedly slowed in September but was stronger in August than initially reported, and traders kept bets that the Federal Reserve is likely to raise rates in December.

Benchmark 10-year notes US10YT=RR rose 2/32 in price to yield 1.74 percent. Earlier the yield rose as high as 1.77 percent, the highest since June 3.

For a full report, double click on US/

- - - -

COMMODITIES

GOLD

NEW YORK - Gold fell for the ninth straight session on Friday, briefly tapping a four-month low as computer-generated selling offset support from weak U.S. payrolls data, but bullion was on track for its biggest weekly drop in more than three years. Spot gold XAU= was down 0.09 percent at $1,252.71 an ounce by 3:11 p.m. EDT (1911 GMT), after falling 1 percent to $1,241.20, the lowest since June 8. It was on track to close the week down 4.8 percent, its biggest drop since June 2013.

For a full report, double click on GOL/

- - - -

BASE METALS

LONDON - Copper rose on Friday after the dollar pared gains on data showing U.S. employers took on fewer workers than expected in September, indicating the Federal Reserve could be more cautious about raising interest rates. Three-month copper CMCU3 on the London Metal Exchange ended 0.4 percent higherat $4,775 a tonne. Aluminium CMAL3 closed down 0.1 percent at $1,675. It hit $1,682.50 earlier in the session, its highest since Aug. 19.

For a full report, double click on MET/L

- - - -

OIL

NEW YORK - Oil fell about 1 percent on Friday as players took profits on a rally over the past week that propelled prices nearly 15 percent to four-month highs on hopes of OPEC crude output cuts.

Brent crude LCOc1 settled down 58 cents, or 1.1 percent, at $51.93 a barrel. Earlier in the day, it hit $52.84 cents, three cents short of a one-year high.

For a full report, double click on O/R

- - - -

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.