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UPDATE 1-New Zealand/Australia Morning Call-Global markets
October 23, 2013 / 7:42 PM / 4 years ago

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

-----------------------(06:37 / 1937 GMT)-----------------------
Stock Markets                                                   
S&P/ASX 200    5,356.10  -17.05  NZSX 50        4,876.40  +44.61
DJIA          15,409.60  -58.06  Nikkei        14,426.05 -287.20
NASDAQ         3,906.13  -23.44  FTSE           6,674.48  -21.18
S&P 500        1,746.34   -8.33  Hang Seng     22,999.95 -316.04
SPI 200 Fut    5,351.00   +5.00  TRJCRB Index     281.74   -2.98

Bonds                                                           
AU 10 YR Bond     4.016  +0.022  US 10 YR Bond     2.491  -0.021
NZ 10 YR Bond     4.600  -0.010  US 30 YR Bond     3.587  -0.023

Currencies (Prev at 7pm NZST)                                   
 AUD US$          0.9625  0.9655  NZD US$          0.8394 
0.8409
 EUR US$          1.3780  1.3772  Yen US$           97.31  
97.43

Commodities                                                     
 Gold (Lon)      1331.25          Silver (Lon)     22.530       
 Gold (NY)       1340.04          Light Crude       96.84       
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Overnight market action with latest New York figures.

    EQUITIES
    NEW YORK - U.S. stocks fell on Wednesday as shares of
Caterpillar and a number of chipmakers tumbled in the wake of
results, putting the S&P 500 on track to snap a four-session
streak of record highs.
    The Dow Jones industrial average was down 64.10
points, or 0.41 percent, at 15,403.56. The Standard & Poor's 500
Index was down 9.53 points, or 0.54 percent, at 1,745.14.
The Nasdaq Composite Index was down 28.53 points, or
0.73 percent, at 3,901.03.
    For a full report, double click on 
    - - - - 
    LONDON - Britain's benchmark equity index fell on Wednesday
to end a nine-session winning streak, as a drop in heavyweight
banking shares dragged the stock market down from five-month
highs. 
    The benchmark FTSE 100 index closed down by 0.3
percent, or 21.18 points, at 6,674.48 points.
    For a full report, double click on 
    - - - - 
    TOKYO - Japan's Nikkei share average suffered its biggest
decline in three weeks on Wednesday, hit by the dollar's tumble
against the yen on heightened expectations the Federal Reserve
will keep its stimulus in place until early next year.
    The Nikkei dropped 2.0 percent to 14,426.05, retreating from
a 3-1/2 week high of 14,799.28 touched in the morning session
and breaching its 25-day moving average of 14,432.21. 
    The Topix declined 1.5 percent to 1,195.98, with
2.72 billion shares changing hands, the highest since Oct 2. 
    For a full report, double click on 
    - - - -
    SYDNEY - Australian stocks were set to have a cautious start
on Thursday, as Wall Street fell on concerns about revenue
growth and company forecasts.
    Local share price index futures inched up 0.1
percent to 5,349, still a 7.1-point discount to the underlying
S&P/ASX 200 index close on Wednesday. 
    The index fell 0.3 percent in the last session, snapping a
six-day winning streak as higher-than-expected inflation data
reduced the odds of further interest rate cuts.
    Suncorp, Newcrest Mining, Toll Holdings
TOL.AX>, BHP Billiton  and Amcor are
among a raft of companies holding annual general meetings.
   
    - - - -
    FOREIGN EXCHANGE 
    NEW YORK - The dollar, yen and Swiss franc all rose on
Wednesday after a spike in China's short-term money-market
interest rates drove risk aversion, driving bids for the three
safe-haven currencies. 
    The dollar also rose against riskier and commodity-linked
currencies such as the Australian and New Zealand dollars. In
afternoon New York trading, the Aussie dollar fell 0.8 percent
versus the greenback to US$0.9629, while the New Zealand
currency dropped 1.5 percent to US$0.8385. 
    For a full report, double click on 
    - - - - 
    TREASURIES 
    NEW YORK - U.S. Treasuries yields fell to the lowest in
three months on Wednesday, after weaker-than-expected jobs data
on Tuesday reinforced expectations that the Federal Reserve is
unlikely to reduce the size of its bond purchase program in the
near term. 
    Benchmark 10-year notes were last up 8/32 in
price to yield 2.49 percent, the lowest since July 23 and down
from 2.60 before the jobs data was released on Tuesday. The
yields have fallen from 3.00 percent on Sept. 5, before the Fed
surprised investors by keeping the size of its bond purchase
program unchanged.
    For a full report, double click on 
    - - - - 
    COMMODITIES 
    GOLD
    NEW YORK/LONDON - Gold was slightly lower on Wednesday as
investors sold to lock in profits after prices hit four-week
highs a day earlier in reaction to weaker-than-expected U.S.
non-farm payroll data and sold in reaction to a weaker oil
market that dragged commodities down.
    Spot gold was down 0.4 percent at $1,334.80 an ounce
at 12:01 EDT (1601 GMT), after hitting $1,344.46 on Tuesday. 
    U.S. gold futures for December delivery were down
$7.7, or 0.57 percent, at $1,334.7.
    For a full report, double click on 
    - - - - 
    BASE METALS
    LONDON - Copper slid more than 2 percent on Wednesday as
fears of tighter monetary policy in top metals user China
outweighed speculation that tepid U.S. jobs data will deter the
Federal Reserve from tapering its stimulus this year.
    Benchmark three-month copper on the London Metal Exchange
 failed to trade in closing open outcry activity, but was
last bid 2.2 percent at $7,171 a tonne. This more than cancelled
out the previous session's 1.2 percent gain.
    For a full report, double click on 
    - - - - 
    OIL
    NEW YORK - U.S. oil prices fell 1.5 percent on Wednesday,
extending one of the year's sharpest sell-offs, after government
data showed a surprisingly large increase in crude supplies. 
    U.S. crude for December delivery fell $1.50 to $96.80
at 12:42 p.m. (1742 GMT), paring some losses from an earlier
drop to $96.16, its lowest since July 1. U.S. crude has lost
nearly $4 per barrel in the last five sessions, heading for its
largest five-day percentage loss in six months. 
    Brent crude fell $1.73 to $108.24 a barrel. Brent
oil fell below both the 100-and-200 day moving averages for the
first time since Oct. 2.
    For a full report, double click on 
    - - - -

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