News: New Zealand/Australia Morning Call-Global markets

  1. 115,572 Posts.
    lightbulb Created with Sketch. 1367
    ----------------------------------------------------------------  
    Snapshot at: 07:45 / 1945 GMT  
    
    ----------------------------------------------------------------  
    Stock Markets		   NetChng						  NetChng  
    S&P/ASX 200	5,353.22  +16.11  NZSX 50		7,079.46  +17.01  
    DJIA		  18,343.18 +116.25  Nikkei		16,095.65 +386.83  
    NASDAQ		 5,029.23  +40.59  FTSE		   6,680.69   -2.17  
    S&P 500		2,151.70  +14.54  Hang Seng	 21,224.74 +344.24  
    SPI 200 Fut	5,348.00  +35.00  STI			2,901.82  +25.68  
    SSEC		   3,049.68  +54.76  
    
    ----------------------------------------------------------------  
    Bonds					NetChg						   NetChg  
    AU 10 YR Bond	 2.034  +0.081  US 10 YR Bond	 1.517  +0.083  
    NZ 10 YR Bond	 2.320  +0.010  US 30 YR Bond	 2.237  +0.087  
    ----------------------------------------------------------------  
    Currencies			  1700GMT						  1700GMT  
    AUD US$		  0.7632  0.7596  NZD US$		  0.7301  0.7281  
    EUR US$		  1.1063  1.1088  Yen US$		  104.76  103.34  
    ----------------------------------------------------------------  
    Commodities  
    
    Gold (Lon)	 1,342.40		  Silver (Lon)	  20.10  
    Gold (NY)	  1,354.85		  Light Crude	   46.76  
    TRJCRB Index	 190.23   +3.52  
    
    ----------------------------------------------------------------  
     Overnight market action with latest New York figures.  
    

    EQUITIES NEW YORK - The S&P 500 and the Dow hit record intraday highs on Tuesday, while the Nasdaq turned positive for the first time this year, buoyed by rising prospects of global economic health and with Alcoa getting the U.S. earnings season off to a promising start.

    The S&P 500 .SPX was up 17.16 points, or 0.8 percent, at 2,154.32. The Nasdaq Composite .IXIC was up 40.59 points, or 0.81 percent, at 5,029.23.

    	- - - -   
    	LONDON - Britain's top share index settled near an 11-month  
    

    high on Tuesday while mid-caps rose nearly 1 percent as political uncertainty eased following the news Theresa May will be the next prime minister.

    The blue-chip FTSE 100 index .FTSE closed at 6,680.69 points, flat in percentage terms but near its highest level since August last year.

    	- - - -   
    	TOKYO - Japan's Nikkei averaged rallied on Tuesday as  
    

    investors took heart from a sliding yen and hopes for fiscal stimulus that Tokyo is expected to launch.

    Boosted by financials and exporters, the Nikkei share average .N225 rose 2.46 percent to 16,095.65, its highest close since June 23.

    	- - - -   
    	FOREIGN EXCHANGE   
    

    NEW YORK - The yen fell on Tuesday to its lowest in over two weeks against the dollar and euro, as a weekend election victory by Japan's ruling coalition paved the way for more stimulus, rekindling investor appetite for stocks and risk assets worldwide.

    The dollar jumped 1.7 percent against the Japanese currency at 104.51 yen JPY= , its strongest since June 24, when the British referendum result roiled global markets.

    	- - - -   
    	TREASURIES   
    

    NEW YORK - U.S. Treasury yields rose on Tuesday as expectations of new stimulus in Japan boosted stocks and reduced demand for safe haven bonds, and after the Treasury Department saw the weakest demand for 10-year notes at an auction in seven years.

    Benchmark 10-year notes US10YT=RR ended down 24/32 in price to yield 1.513 percent, up from 1.434 percent late on Monday.

    	- - - -   
    	COMMODITIES   
    

    GOLD NEW YORK - Gold saw its biggest one-day fall in three weeks on Tuesday as global equities rallied on easing political uncertainty in Britain and hopes for more economic stimulus, which in turn curbed demand for assets perceived as safe havens.

    Spot gold XAU= fell as much as 1.9 percent to $1,329.75 an ounce and was down 1.6 pct at $1,332.86 by 2:20 p.m. EDT (1820 GMT).

    	- - - -   
    	BASE METALS  
    

    LONDON - Zinc touched a 13-month peak and nickel hit the highest since last October on Tuesday as speculators piled in after the selection of a new prime minister for Britain and on hopes of more stimulus.

    Benchmark LME zinc CMZN3 closed 2.5 percent higher at $2,193 a tonne, the strongest since June 1 last year.

    	- - - -   
    	OIL  
    

    NEW YORK - Oil prices surged 5 percent on Tuesday, the biggest daily gain since April, as investors' covering of short positions and a technical rebound helped lift the market off two-month lows.

    Brent crude futures LCOc1 settled up $2.22, or 4.8 percent, at $48.47 per barrel.

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

    7980))

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