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New Zealand/Australia Morning Call-Global markets

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  1. ----------------------------------------------------------------  
    Snapshot at: 07:22 / 1822 GMT  
    
    ----------------------------------------------------------------  
    Stock Markets           NetChng                          NetChng  
    S&P/ASX 200    5,778.91  -20.74  NZSX 50        7,057.05 -101.09  
    DJIA          20,914.05   -0.57  Nikkei        19,521.59  -68.55  
    NASDAQ         5,897.98   -3.01  FTSE           7,429.81   +4.85  
    S&P 500        2,373.67   -4.58  Hang Seng     24,501.99 +192.06  
    SPI 200 Fut    5,751.00  -15.00  STI            3,165.70   -3.68  
    SSEC           3,250.52  +13.08  
    
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    Bonds                    NetChg                           NetChg  
    AU 10 YR Bond     2.826  +0.002  US 10 YR Bond     2.475  -0.025  
    NZ 10 YR Bond     3.255  +0.000  US 30 YR Bond     3.091  -0.020  
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    Currencies              1700GMT                          1700GMT  
    AUD US$          0.7729  0.7726  NZD US$          0.7048  0.7044  
    EUR US$          1.0734  1.0768  Yen US$          112.54  112.66  
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    Commodities  
    
    Gold (Lon)     1,232.40          Silver (Lon)      17.38  
    Gold (NY)      1,228.40          Light Crude       48.25  
    TRJCRB Index     184.77   +0.29  
    
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     Overnight market action with latest New York figures.  
    

    EQUITIES NEW YORK - U.S. stocks were little changed on Monday, with the Nasdaq Composite easing off its record intraday high, as investors looked for fresh catalysts after the Federal Reserve's interest rate hike last week.

    At 12:42 p.m. ET (1642 GMT) the Dow Jones Industrial Average .DJI was up 23.34 points, or 0.11 percent, at 20,937.96. The S&P 500 .SPX was down 1.45 points, or 0.06 percent, at 2,376.8. The Nasdaq Composite .IXIC was up 5.64 points, or 0.1 percent, at 5,906.64, off its record high of 5915.12

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        LONDON - Britain's top share index inched higher to set a  
    

    record closing level on Monday, as falling energy stocks and banks were outweighed by rising consumer staples stocks.

    The blue chip FTSE 100 .FTSE index was up 0.1 percent, slipping from the record 7,447.00 points reached in the previous session, but reaching a record close of 7,429.45 points, as investors digested the government's setting the date to open formal negotiations to exit the European Union.

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        TOKYO - Japan's Nikkei share average fell on Friday as the  
    

    yen held steady against the dollar after the U.S. Federal Reserve signalled fewer interest rate hikes than some investors had expected.

    The Nikkei .N225 shed 0.4 percent to 19,521.59. For the week, the benchmark index dropped 0.4 percent, before Japan's three-day weekend. Markets are closed on Monday for a national holiday.

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        FOREIGN EXCHANGE   
    

    NEW YORK - The dollar dipped to a six-week low against a basket of currencies on Monday, extending weakness from last week, following recent interest-rate guidance from the U.S. Federal Reserve that was less "hawkish" than many had expected.

    The dollar index .DXY fell by as much as 0.3 percent in Asian and early European trading before recovering some ground to stand just 0.05 percent weaker on the day at 100.25.

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        TREASURIES   
    

    NEW YORK - U.S. Treasuries were steady on Monday before a week that will be dominated by speeches by Federal Reserve officials, with relatively little new data due to provide further clues on economic growth.

    Benchmark 10-year notes US10YT=RR were last up 1/32 in price to yield 2.50 percent, little changed from on Friday.

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        COMMODITIES   
    

    GOLD LONDON - Gold prices scaled a two-week peak on Monday as the dollar slid to a six-week low after a G20 weekend summit dominated by the U.S. administration's protectionist stance on global trade.

    Spot gold XAU= rose 0.3 percent to $1,231.45 an ounce by 1450 GMT, after touching $1,235.50, its highest since March 6. U.S. gold futures GCcv1 gained 0.1 percent to $1,231.80.

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        BASE METALS  
    

    LONDON - Copper prices slipped on Monday as worries about demand from top consumer China were reinforced by expectations of ample supplies and higher inventories in exchange-monitored warehouses.

    Benchmark copper CMCU3 on the London Metal Exchange ended down 0.9 percent at $5,880 a tonne, having last week touched $5,948.50, its highest since March 6.

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        OIL  
    

    NEW YORK - Oil prices slipped on Monday despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing U.S. oil output and high inventories.

    Brent futures LCOc1 was at $51.67 a barrel, down 9 cents, at 11:53 a.m. EDT (1653 GMT). U.S. West Texas Intermediate (WTI) crude futures CLc1 rebounded from losses, but were down 43 cents to $48.35 a barrel.

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    ((Australia/New Zealand bureaux; +61 2 9321 8150/+64 4 802  
    

    7980))



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