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

(Repeats to additional subscribers without change) -----------------------(0641 / 1941 GMT)----------------------

Stock Markets S&P/ASX 200 5,319.77 -11.70 NZSX 50 4,950.34 +28.67 DJIA 16,379.98 -34.46 Nikkei 15,820.96 +25.00 NASDAQ 4,242.41 +16.65 FTSE 6,826.33 -7.93 S&P 500 1,845.32 +1.52 Hang Seng 23,033.12 +49.13 SPI 200 Fut 5,259.00 -21.00 TRJCRB Index 280.53 +2.13

Bonds (Yield) AU 10 YR Bond 4.135 -0.005 US 10 YR Bond 2.860 +0.037 NZ 10 YR Bond 4.635 -0.010 US 30 YR Bond 3.760 +0.022

Currencies (Prev at 7pm NZST) AUD US$ 0.8846 0.8863 NZD US$ 0.8299 0.8322 EUR US$ 1.3543 1.3554 Yen US$ 104.45 104.43

Commodities

Gold (Lon) 1241.00 Silver (Lon) 19.870

Gold (NY) 1241.11 Light Crude 96.73

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Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks were little changed on Wednesday, as a mixed bag of recent corporate earnings failed to give investors confidence to push equities higher, with the S&P 500 near record levels.

The Dow Jones industrial average .DJI was down 40.04 points or 0.24 percent, to 16,374.40. The S&P 500 .SPX gained 0.47 points or 0.03 percent, to 1,844.27 and the Nasdaq Composite .IXIC added 15.31 points or 0.36 percent, to 4,241.07.

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

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LONDON - Britain's FTSE 100 eased off 8-month highs on Wednesday after strong jobs data raised the spectre of interest rate hikes and analysts highlighted concerns about companies' weak earnings and high valuations.

The FTSE 100 share index closed down 7.93 points, or 0.1 percent, at 6,826.33 points .FTSE , holding around 40 points below Tuesday's eight-month high and lagging euro zone's EuroSTOXX 50 .STOXX50E .

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

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TOKYO - The Nikkei stock average eked out modest gains on Wednesday, with Tokyo Steel Manufacturing Co Ltd 5423.T jumping after a robust earnings report.

The Nikkei .N225 ended 0.2 percent higher at 15,820.96 after trading as low as 15,631.41 following a BOJ decision to keep monetary policy steady. A trader said some investors had been hoping that the BOJ might further ease this time.

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

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SYDNEY - Australian shares are set to fall on Friday as a fall in copper and iron ore prices may hit resource stocks, while a flat finish on Wall Street may leave investors cautious.

Local share price index futures YAPcm1 fell 0.4 percent, a 60.8-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark slipped 0.2 percent on Wednesday.

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FOREIGN EXCHANGE

NEW YORK - The dollar slipped on Wednesday, hurt by gains in sterling and the Australian currency, but the greenback's outlook remained upbeat as the Federal Reserve might be a week away from its next round of reduction in asset buying.

The dollar index, a measure of the dollar's value against six major currencies, was slightly lower on the day at 81.077

.DXY . The index has been trading in narrow ranges this week.

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

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TREASURIES

NEW YORK - U.S. Treasuries prices fell on Wednesday and benchmark yields edged up from five-week lows, with prices dragged lower by weaker German government debt.

On the open market, benchmark 10-year Treasury notes

US10YT=RR were down 6/32 in price with a yield of 2.847 percent, up 2 basis points from late on Tuesday.

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

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COMMODITIES

GOLD

LONDON - Gold prices were steady on Wednesday but the positive start to 2014 looked to be fading -- leaving U.S. growth prospects and expectations for further Federal Reserve stimulus reduction to dominate sentiment.

Spot gold XAU= was flat on the day at $1,241.71 per ounce by 1503 GMT, after falling nearly 1 percent on Tuesday - its biggest one-day decline this year.

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

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BASE METALS

LONDON - Copper prices fell on Wednesday on concerns that the U.S. Federal Reserve could further cut monetary stimulus next week, but falls were limited by tight short-term availability of metal in the physical market.

Three-month copper on the London Metal Exchange CMCU3 slipped 0.65 percent to close at $7,292 a tonne.

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

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OIL

NEW YORK - U.S. oil climbed nearly $2 on Wednesday on expectations that frigid weather in the U.S. Northeast would prompt strong demand for heating fuel, amid forecasts for declining supplies.

Brent oil LCOc1 for March delivery climbed above $108 and was last trading at $108.18 per gallon at 1721 GMT, near a 3-week high. U.S. crude oil futures rose $1.87 at $96.85, also near a 3-week high.

For a full report, double click on O/R

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

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