RPT-New Zealand/Australia Morning Call-Global markets

Thu, 02 Jan - 5:47am

(Repeats to more codes) ----------------------(06:41/1941 GMT)----------------------- Stock Markets S&P/ASX 200 5,352.21 -4.58 NZSX 50 4,737.01 -31.97 DJIA 16,576.66 +72.37 Nikkei 16,291.31 +112.37 NASDAQ 0,000.00 +0.00 FTSE 6,749.09 +17.82 S&P 500 1,848.36 +7.29 Hang Seng 23,244.87 +61.52 SPI 200 Fut 0,000.00 +0.00 TRJCRB Index 280.17 -2.40

Bonds (Yield) AU 10 YR Bond 0.000 +0.000 US 10 YR Bond 3.026 +0.000 NZ 10 YR Bond 4.735 +0.000 US 30 YR Bond 3.964 +0.000

Currencies (Prev at 7pm NZST) AUD US$ 0.8889 0.8915 NZD US$ 0.8204 0.8220 EUR US$ 1.3755 1.3744 Yen US$ 105.30 105.26

Commodities Gold (Lon) 1201.50 Silver (Lon) 19.500 Gold (NY) 1204.94 Light Crude 98.42 --------------------------------------------------------------- Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks closed out their best year in more than 15 on Tuesday, with major indexes advancing throughout 2013 on the back of the Federal Reserve's massive stimulus and expectations for accelerating growth going forward.

Wall Street ended 2013 with its positive momentum intact, advancing in its final trading day of the year on the back of positive consumer confidence data.

The S&P 500 rose 29.6 percent over the year, its best annual performance since 1997, while the Dow climbed 26.5 percent in its best year since 1995. The Nasdaq jumped 38.3 percent, its best year since 2009.

Both the Dow and the S&P 500 finished the final trading day of 2013 at record closing highs.

For a full report, double click on Href="NewsSearch">.N

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LONDON - Britain's top share index closed out its best year since 2009 on Tuesday, inching higher in a shortened session before the New Year break.

The FTSE 100 .FTSE ended up 17.82 points or 0.3 percent at 6,749.09 points, taking its gains for 2013 to 14.4 percent.

The index hit its highest level since the end of 1999 in May, remaining 2.6 percent off those highs at the end of a year in which central bank stimulus programmes have encouraged a move out of bonds and into higher-yielding stocks.

For a full report, double click on Href="NewsSearch">.L

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TOKYO - Japan's Nikkei stock average rose to a fresh six-year high to close out 2013 with a 57 percent annual gain, its biggest in more than 40 years on the back of aggressive economic stimulus by Prime Minister Shinzo Abe.

The Nikkei .N225 rose for a ninth day to end 0.7 percent higher at 16,291.31 on Monday, its longest winning streak since July 2009.

Japan's markets are closed for the New Year holiday from Dec. 31 to Jan. 3.

For a full report, double click on Href="NewsSearch">.T

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SYDNEY - Australian stocks may have a cautious start on Thursday, the first day of trading in 2014, with most investors still on holiday and China's official manufacturing PMI dipping in December.

Local share price index futures YAPcm1 closed at 5,317 on Tuesday, a discount of 35.2 points to the underlying S&P/ASX 200 index .AXJO .

The index dipped 0.1 percent on the last day of trading in 2013 on Tuesday to 5,352.2, which is 105 points below a 5-1/2 year high of 5,457.3 hit on Oct. 28. It ended the year up more than 15 percent, its biggest annual gain in four years.

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FOREIGN EXCHANGE

NEW YORK - The euro was on track on Tuesday to be the world's best-performing major currency this year, while the dollar looked set for its biggest annual gain against the yen since 1979.

On Tuesday the euro slipped 0.2 percent EUR= to $1.3775 as the gap between U.S. two-year government bond yields US2YT=RR and German yields DE2YT=RR widened, increasing the relative attractiveness of the dollar.

The dollar slipped 0.2 percent JPY= to 104.93 yen, but was up 21 percent for 2013, its biggest annual gain since a 23.7 percent rise in 1979, according to Thomson Reuters data.

For a full report, double click on Href="NewsSearch">USD/

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TREASURIES

NEW YORK - Benchmark U.S. Treasury yields rose to their highest in nearly 2-1/2 years on Tuesday, capping the third-worst year for the government debt market in four decades as investors trimmed bond holdings ahead of the Federal Reserve reducing its bond-purchase stimulus in 2014.

For the year, the 10-year yield rose 1.27 percentage points, according to Reuters data. Yields on medium-to long-dated maturities jumped at least 1 point in 2013, while the two-year yield US2YT=RR grew only 13 basis points as the Fed signaled it would hold short-term rates near zero for a protracted period even after it stops buying bonds to keep interest rates low and stimulate the economy.

For a full report, double click on Href="NewsSearch">US/

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COMMODITIES

GOLD

LONDON - Gold fell to a six-month low in thin year-end trade on Tuesday, notching up its biggest annual decline in 32 years as prospects for global economic recovery prompted investors to switch to riskier assets.

In choppy trade on Tuesday, spot gold XAU= fell 1 percent to its lowest since June 28 at $1,184.50 an ounce, before recovering its lost ground. Prices were up 0.38 percent at $1,201.13 per ounce at 2:29 p.m. EDT (1929 GMT).

For a full report, double click on Href="NewsSearch">GOL/

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BASE METALS

LONDON - Zinc was the best-performing industrial metal this year with a modest decline of 1.2 percent, as investors bet mine closures would transform an oversupplied market into one facing a deficit.

Copper on the London Metal Exchange, the most widely followed metal among investors, slipped 7.2 percent in 2013. The drop was more modest than many expected as an anticipated surge in new mine production faced processing backlogs, creating delays for refined product such as cathodes used in high grade applications.

Three month copper CMCU3 closed at $7,360 a tonne in the final ring trade of the year, hovering around a four-month peak.

For a full report, double click on Href="NewsSearch">MET/L

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OIL

NEW YORK - Brent crude fell on Tuesday, ending 2013 almost unchanged following a year in which traders balanced a spate of supply disruptions from Middle East and Africa against surging output from the United States.

Brent crude LCOc1 fell 41 cents on the day to end 2013 at $110.80 a barrel, 0.3 percent lower on the year.

U.S. oil CLc1 fell 87 cents on Tuesday to end at $98.42 a barrel, after closing 2012 at $91.82 a barrel.

For a full report, double click on O/R

- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 802 7980))

Keywords: MORNINGCALL/

URN: 
urn:newsml:reuters.com:20140101:nL3N0KB0ET:9
Topics: 
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