News: New Zealand/Australia Morning Call-Global markets

  1. 115,694 Posts.
    lightbulb Created with Sketch. 1377

    WELLINGTON, July 7 (Reuters) -

    - ---------------------------------------------------------------  
    Snapshot at: 07:39 / 1939 GMT  
    Stock Markets		   NetChng						  NetChng  
    S&P/ASX 200	5,197.55  -30.45  NZSX 50		6,977.23	+6.2  
    DJIA		  17,901.36  +60.74  Nikkei		15,378.99 -290.34  
    NASDAQ		 4,854.62  +31.72  FTSE		   6,463.59  -81.78  
    S&P 500		2,097.49   +8.94  Hang Seng	 20,495.29 -255.43  
    SPI 200 Fut	5,170.00  +16.00  STI			2,864.67   -5.89  
    SSEC		   3,017.10  +10.71  
    Bonds					NetChg						   NetChg  
    AU 10 YR Bond	 1.878  +0.010  US 10 YR Bond	 1.377  +0.010  
    NZ 10 YR Bond	 2.255  +0.015  US 30 YR Bond	 2.142  +0.004  
    Currencies			  1700GMT						  1700GMT  
    AUD US$		  0.7515  0.7440  NZD US$		  0.7126  0.7096  
    EUR US$		  1.1099  1.1062  Yen US$		  101.27  100.97  
    Gold (Lon)	 1,366.25		  Silver (Lon)	  20.10  
    Gold (NY)	  1,355.69		  Light Crude	   47.29  
    TRJCRB Index	 189.96   +0.30  
     Overnight market action with latest New York figures.  

    EQUITIES NEW YORK - Wall Street stocks rose Wednesday afternoon as officials sought to reassure investors of limited impact from Britain's decision to leave the European Union and as healthcare shares gained.

    German Chancellor Angela Merkel said Britain's June 23 vote would have limited impact on the country's economy, while Federal Reserve Governor Daniel Tarullo said world financial markets are well prepared for it.

    At 2:26 p.m. (1826 GMT), the Dow Jones industrial average .DJI was up 31.67 points, or 0.18 percent, to 17,872.29, the S&P 500 .SPX had gained 4.89 points, or 0.23 percent, to 2,093.44 and the Nasdaq Composite .IXIC had added 21.66 points, or 0.45 percent, to 4,844.56.

    	- - - -   
    	LONDON - Britain's top share index was led lower on  

    Wednesday by retail and property-related stocks, which extended losses made after Britons voted to leave the European Union, and by a decline in energy stocks as oil prices slipped.

    The FTSE 100 .FTSE closed down 1.3 percent, a decline limited by a rally in precious metal miners shares as safe-haven gold hit a two-year peak.

    	- - - -   
    	TOKYO - Japanese stocks fell to more than one-week lows on  

    Wednesday as renewed Brexit worries heightened uncertainty about the global economy and took a toll on exporters and financial stocks.

    The Nikkei share average .N225 tumbled 1.9 percent to 15,378.99, the lowest closing level since June 28.

    	- - - -   

    NEW YORK - The safe-haven yen surged across the board on Wednesday, while sterling plummeted to a 31-year low on mounting worries about the broader impact Britain's vote to leave the European Union would have on the global economy.

    The yen soared to a 3-1/2 year high against the British pound, and climbed to two-week peaks versus the dollar and euro.

    Sterling underperformed once again, falling below $1.28 against the dollar for the first time since 1985, as fears of foreign outflows and Bank of England rate cuts hit the currency hard.

    	- - - -   

    NEW YORK - U.S. benchmark and long-dated Treasury yields hit fresh record lows on Wednesday on global growth concerns stemming from Britain's recent vote to exit from the European Union, but then stabilized on profit-taking and strong U.S. economic data.

    Benchmark 10-year U.S. Treasury yields US10YT=RR hit 1.321 percent at 5:08 a.m. ET, while 30-year Treasury yields US30YT=RR hit 2.098 percent at 7:59 a.m. ET. Those were unprecedented lows for both, while seven-year Treasury yields US7YT=RR hit 1.146 percent, their lowest level in more than three years.

    	- - - -   

    GOLD NEW YORK - Gold pared gains after rising to the highest in more than two years on Wednesday, as U.S. equities reversed early losses, Treasury yields turned higher after hitting record lows and investors bought bullion as a haven from risk.

    Spot gold XAU= was up 0.6 pct at $1,363.36 an ounce by 2:59 p.m. EDT (1859 GMT) after reaching a peak of $1,374.91, its highest since March 2014.

    U.S. gold futures GCv1 for August delivery settled up $8.4, or 0.6 percent, at $1,367.10 per ounce.

    	- - - -   

    LONDON - Copper slid to a one-week low on Wednesday after an influx of inventories into warehouses, while nickel rebounded on persistent concern about shortages.

    Three-month LME copper CMCU3 closed down 1.4 percent at $4,750 a tonne, the third straight decline after a 1.5 percent fall in the previous session.

    LME nickel CMNI3 closed up 2.7 percent at $9,970 a tonne, paring some its 4.8 percent losses from Tuesday.

    	- - - -   

    NEW YORK - Oil prices rose almost 2 percent on Wednesday as robust U.S. economic data lifted crude futures from two days of declines, although a gasoline glut and woes from Britain's European Union exit suggested more pressure ahead.

    Brent crude settled LCOc1 up 84 cents, or 1.8 percent, at $48.80 a barrel. U.S. crude futures CLc1 gained 83 cents, or 1.8 percent, to settle at $47.43.

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


arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.