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Stock Markets
S&P/ASX 200 5,254.50 +32.35 NZSX 50 4,848.88 +13.21
DJIA 15,993.27 +191.48 Nikkei 14,718.34 +255.93
NASDAQ 4,188.67 +40.50 FTSE 6,672.66 +81.11
S&P 500 1,818.33 +18.49 Hang Seng 21,962.98 +383.72
SPI 200 Fut 5,241.00 +38.00 TRJCRB Index 289.89 +1.01
Bonds
AU 10 YR Bond 4.221 +0.032 US 10 YR Bond 2.726 +0.048
NZ 10 YR Bond 4.625 +0.000 US 30 YR Bond 3.699 +0.035
Currencies (Prev at 7pm NZST)
AUD US$ 0.9036 0.9006 NZD US$ 0.8330 0.8305
EUR US$ 1.3641 1.3659 Yen US$ 102.64 102.29
Commodities
Gold (Lon) 1282.00 Silver (Lon) 20.170
Gold (NY) 1274.29 Light Crude 99.98
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Overnight market action with latest New York figures.
EQUITIES
NEW YORK - U.S. stocks rose on Tuesday after new Federal
Reserve Chair Janet Yellen reinforced the central bank's plan to
trim its market-friendly stimulus, while also noting labor
market conditions needed to improve.
The Dow Jones industrial average rose 133.67 points
or 0.85 percent, to 15,935.46, the S&P 500 gained 13.44
points or 0.75 percent, to 1,813.28 and the Nasdaq Composite
added 25.71 points or 0.62 percent, to 4,173.884.
For a full report, double click on .N
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LONDON - Britain's top equity index rose for a fifth
straight session on Tuesday, boosted by retailers which were up
strongly on industry data that provided more evidence the UK's
economic recovery is slowly gathering momentum.
The blue-chip FTSE 100 index closed up by 1.2
percent, or 81.11 points, at 6,672.66 points - marking the
index's highest closing level since late January.
For a full report, double click on .L
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TOKYO - Japan's Nikkei share average rose to a one-week high
on Monday as a softer yen underpinned sentiment, with
index-heavyweight stocks as SoftBank Corp leading the
gains.
The Nikkei ended 1.8 percent higher at 14,718.34
points, its highest close since Jan. 31 and moving away from a
four-month low of 13,995.86 hit last week.
The Topix rose 1.3 percent to 1,204.28, with 31 of
its 33 subsectors in positive territory. A total of 2.19 billion
shares changed hands, the lowest since Jan. 20.
For a full report, double click on .T
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FOREIGN EXCHANGE
NEW YORK - The dollar came off nearly two-week lows and rose
moderately on Tuesday after new U.S. Federal Reserve chief Janet
Yellen signaled there would no immediate deviation from the
central bank's winding up of its massive bond purchases.
After her comments were reported, the dollar jumped against
the Japanese yen to as high as 102.68 yen from 102.33,
but later fell back to 102.38, or up 0.1 percent for the day.
The U.S. currency trimmed losses against the euro, initially
moving to $1.3662 from $1.3678 before Yellen's written
testimony was released. Later it was at $1.3649.
For a full report, double click on USD/
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TREASURIES
NEW YORK - U.S. Treasuries slid on Tuesday after Federal
Reserve Chair Janet Yellen said she strongly supported the Fed's
monetary policy strategy, suggesting the central bank's current
reduction in asset purchases was on track.
Benchmark 10-year Treasuries were last down
10/32 in price to yield 2.71 percent, while 30-year bonds
fell 11/32 to yield 3.68 percent.
For a full report, double click on US/
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COMMODITIES
GOLD
NEW YORK/LONDON - Gold rose to a three-month high on
Tuesday, gaining more than 1 percent after incoming Federal
Reserve Chair Janet Yellen made it clear she would not make any
abrupt changes to the central bank's commitment to a measured
tapering of bond purchases.
Spot gold was up 1.3 percent at $1,290.69 an ounce by
12:42 p.m. EST (1742 GMT), its biggest one-day gain in three
weeks. Earlier, it hit $1,293.44 - the highest price since Nov.
14.
U.S. COMEX gold futures for April delivery were up
$16.20 an ounce at $1,290.90, with trading volume on track to
finish near its 250-day average, preliminary Reuters data
showed.
For a full report, double click on GOL/
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BASE METALS
LONDON - Copper eased on Tuesday after a statement by
Federal Reserve Chair Janet Yellen lent support to the dollar
but the decline was limited by tight futures spreads that showed
a short-term dearth of the metal.
Three-month copper on the London Metal Exchange
ended at $7,076 a tonne from $7,095 at the close on Monday. The
metal has traded in a narrow range since around August as risk
appetite diminished.
For a full report, double click on MET/L
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OIL
NEW YORK - Brent oil rose on Tuesday backed by strong
gasoline and heating oil prices that were boosted by persistent
cold weather in the U.S. and expectations of another large draw
in distillates.
Brent crude was last trading up 17 cents at $108.80
a barrel at 11:53 a.m. EST (1653 GMT), after settling 94 cents
lower in the previous session. U.S. crude traded down 16
cents at $99.90.
For a full report, double click on O/R
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((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 802
7980))
Keywords: MORNINGCALL/