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

Published 06/03/2017, 07:22 am
Updated 06/03/2017, 07:30 am
© Reuters.  UPDATE 1-New Zealand/Australia Morning Call-Global markets
NZD/USD
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UK100
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XAU/USD
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US500
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DJI
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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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US2YT=X
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US7YT=X
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US10YT=X
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TOPX
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JPXNK400
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DXY
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(Adds table) ----------------------------------------------------------------

Snapshot at: 07:20 / 2020 GMT ---------------------------------------------------------------- Stock Markets

NetChng

NetChng DJIA

21,005.71 +2.74 Nikkei

19,469.17 -95.63 NASDAQ

5,870.75 +9.53 FTSE

7,374.26 -8.09 S&P 500

2,383.12 +1.20 Hang Seng

23,552.72 -175.35 SPI 200 Fut

5,728.00 +21.00 STI

3,122.34 -14.14 SSEC

3,219.19 -10.84 ---------------------------------------------------------------- Bonds

NetChg

NetChg AU 10 YR Bond

2.828 +0.008 US 10 YR Bond

2.482 +0.000 NZ 10 YR Bond

3.320 -0.005 US 30 YR Bond

3.075 +0.000 ---------------------------------------------------------------- Currencies

1700GMT

1700GMT AUD US$

0.7587 0.7563 NZD US$

0.7021 0.7043 EUR US$

1.0604 1.0526 Yen US$

113.80 114.09 ---------------------------------------------------------------- Commodities Gold (Lon)

1,226.50

Silver (Lon)

17.96 Gold (NY)

1,234.22

Light Crude

53.33 TRJCRB Index

189.72 +0.90 ---------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - The S&P 500 and Nasdaq closed out their sixth straight week of gains with a flat session after Janet Yellen signaled the Federal Reserve is set to raise interest rates this month if employment and other economic data hold up.

The Dow Jones Industrial Average .DJI closed up 2.74 points, or 0.01 percent, to 21,005.71, the S&P 500 .SPX gained 1.2 points, or 0.05 percent, to 2,383.12 and the Nasdaq Composite .IXIC added 9.53 points, or 0.16 percent, to 5,870.75.

For a full report, double click on .N

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LONDON - Britain's top share index retreated on Friday, weighed down by a raft of disappointing earnings updates as well as weakness in the mining sector.

The blue chip FTSE 100 .FTSE index was down 0.1 percent at 7,374.26 points by 1630 GMT, having hit a record high in the previous session. It closed the week higher, however, posting its best weekly gains since December, up 1.8 percent.

For a full report, double click on .L

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TOKYO - Japanese stocks fell on Friday as investors took profits before the weekend, after hitting a 14-month high the previous day on rising expectations for a U.S. interest rate hike this month.

The Nikkei .N225 dropped 0.5 percent to 19,469.17 points, after climbing to as high as 19,668.01 on Thursday, the highest intraday level since December 2015.The broader Topix .TOPX dropped 0.4 percent to 1,558.05 and the JPX-Nikkei Index 400 .JPXNK400 fell 0.5 percent to 13,955.44.

For a full report, double click on .T

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FOREIGN EXCHANGE

NEW YORK - The dollar slipped against a basket of major currencies on Friday after Federal Reserve Chair Janet Yellen said that raising interest rates this month would be appropriate as long as the economy continues to improve as expected.

The dollar index .DXY , which measures the greenback against a basket of six major currencies, was down 0.7 percent. It is up about 0.4 percent this week and on Thursday, hit a seven-week high of 102.26. Rate hike expectations also weighed on the New Zealand dollar NZD= , which was on pace for its worst week in eleven against the greenback. On Friday, the kiwi dollar was down 0.41 percent.

For a full report, double click on USD/

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TREASURIES

NEW YORK - U.S. Treasury yields rose last Friday, with 2-year notes touching a fresh 7-1/2-year high and other maturities hitting multiweek peaks as statements from Federal Reserve officials including Chair Janet Yellen appeared supportive of an increase to U.S. overnight interest rates.

Trading was choppy during the day, with 2-year yields US2YT=RR touching their highest level since August 2009, and benchmark 10-year US10YT=RR yields rising to 2.507 percent, the highest since Feb. 15. Yields on 7-year notes US7YT=RR rose to 2.347 percent, also the highest since Feb. 15.

For a full report, double click on US/

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COMMODITIES

GOLD

NEW YORK/LONDON - Gold fell 1 percent last Friday and was on track for its biggest weekly loss in 2017 as speculation grew that the U.S. Federal Reserve would press ahead with a rate increase this month. Spot gold XAU= was down 0.03 percent at $1,234.41 an ounce by 2:22 p.m. EST (1922 GMT), after falling 1 percent to $1,222.51, the lowest since Feb. 15. U.S. gold futures GCv1 for April delivery settled down 0.5 percent at $1,226.50.

For a full report, double click on GOL/

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BASE METALS

LONDON - Benchmark copper prices ended slightly lower on Friday, finishing the week a little softer as the dollar largely retained recent gains on expectations that the U.S. Federal Reserve would raise interest rates this month.

Three-month copper on the London Metal Exchange CMCU3 closed 0.2 percent weaker at $5,917 a tonne, on track to end the week about 0.3 percent down.

For a full report, double click on MET/L

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OIL

NEW YORK - Oil prices surged on Friday, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output.

Global benchmark Brent LCOc1 settled up 82 cents, or 1.5 percent, to $55.90 a barrel, recovering some of Thursday's losses. WTI futures CLc1 rose 72 cents to $53.33 a barrel, a 1.4 percent gain.

For a full report, double click on O/R

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