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

(Repeats to additional subscribers without change) -----------------------(06:44 / 1944 GMT)-----------------------

Stock Markets S&P/ASX 200 5,344.56 +27.00 NZSX 50 5,135.66 +47.64

DJIA 16,326.08 +78.86 Nikkei 14,411.27 +133.60 NASDAQ 4,328.61 +48.66 FTSE 6,605.28 +36.93 S&P 500 1,870.93 +12.10 Hang Seng 21,473.95 +109.55 SPI 200 Fut 5,364.00 +16.00 TRJCRB Index 302.78 +1.76

Bonds (Yield) AU 10 YR Bond 4.095 -0.005 US 10 YR Bond 2.674 -0.023 NZ 10 YR Bond 4.600 -0.010 US 30 YR Bond 3.620 -0.010

Currencies (Prev at 7pm NZST) AUD US$ 0.9127 0.9067 NZD US$ 0.8622 0.8548 EUR US$ 1.3929 1.3927 Yen US$ 101.36 101.63

Commodities

Gold (Lon) 1355.75 Silver (Lon) 20.940

Gold (NY) 1366.34 Light Crude 99.63 ----------------------------------------------------------------

Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks climbed for a second straight session on Tuesday, with the S&P within 1 percent of its intraday record after comments from Russian President Vladimir Putin relaxed investors' concerns that tensions over Ukraine could escalate.

The Dow Jones industrial average .DJI was up 107.19 points, or 0.66 percent, at 16,354.41. The Standard & Poor's 500 Index .SPX gained 13.95 points, or 0.75 percent, at 1,872.78. The Nasdaq Composite Index .IXIC was up 53.093 points, or 1.24 percent, to 4,333.042.

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

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LONDON - Britain's top share index rose on Tuesday as stock markets rebounded after a speech by Russian President Vladimir Putin on Ukraine, which some traders interpreted as being conciliatory in tone.

The blue-chip FTSE 100 index .FTSE closed up 0.6 percent, or 36.93 points, at 6,605.28 points - marking only the second time in the last eight sessions that it has ended in positive territory.

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

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TOKYO - Japanese shares rebounded on Tuesday, taking heart from gains on Wall Street on relief that the threat of immediate military conflict in Ukraine receded and on fairly upbeat U.S. data.

The Nikkei share average rose 0.9 percent to 14,411.27

.N225 , recovering from a six-week closing low hit on Monday, though it is still almost 6 percent below a high around 15,300 reached on March 7.

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

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SYDNEY - Australian shares are set to post modest gains on Wednesday following Wall Street higher after Russian President Vladimir Putin's latest comments eased tensions in Ukraine while an uptick in copper may support miners.

Local share price index futures YAPcm1 rose 0.3 percent, an 18.4-point premium to the underlying S&P/ASX 200 index

.AXJO close. The benchmark rose 0.5 percent on Tuesday.

Department store operator David Jones Ltd DJS.AX will release its first half results later in the day.

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

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FOREIGN EXCHANGE

NEW YORK - A modest easing of geopolitical tension in Ukraine and a slight increase in U.S. Treasury yields took some premium away from the euro on Tuesday, sending it down against the U.S. dollar and the yen.

The euro dipped 0.11 percent to $1.3904 EUR= , having briefly broken down to $1.3891, but it essentially remained in a narrow trading range with a high on the day of $1.3941.

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

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TREASURIES

NEW YORK - U.S. Treasuries yields edged lower on Tuesday on uncertainty ahead of the Federal Reserve's two-day policy meeting and lingering concerns that East-West tensions surrounding Ukraine could escalate.

The 10-year U.S. Treasury note US10YT=RR was last up 7/32 price to yield 2.672 percent, down slightly in yield from late Monday, when the yield was at 2.70 percent. Bond yields move inversely to their prices.

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

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COMMODITIES

GOLD

NEW YORK/LONDON - Gold fell on Tuesday as investors chose riskier assets such as equities after Russian President Vladimir Putin's latest comments eased tensions in Ukraine.

Spot gold XAU= was down 0.6 percent an ounce at $1,358.79 by 1941 GMT. The metal rallied on Monday to a six-month high at $1,391.76 before investors started to cash in profits.

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

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BASE METALS

LONDON - Copper steadied on Tuesday as fears eased over the possible unwinding of financing deals using the metal as collateral in China but the country's slowing economy still worried investors and subdued gains.

Benchmark three-month copper on the London Metal Exchange

CMCU3 ended at $6,483 a tonne, up just 0.1 percent from Monday's close, having earlier risen to an intraday high of $6,570 a tonne, the highest since March 11.

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

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OIL

NEW YORK - U.S. crude oil futures rose by more than $1 per barrel to its highest price in a week on Tuesday following strong gains in equities outweighing forecasts for another build in domestic supplies, while Brent was bolstered by concerns over violence in Crimea.

U.S. crude CLc1 rose $1.62 to $99.70 per barrel. U.S. crude prices have fallen steadily since touching a five-month high of $105.22 on March 3 when worries of war on Ukraine peaked, and settled 81 cents lower on Monday.

Brent crude oil LCOc1 rose 55 cents to $106.79 per barrel, after hitting a six-week low on Monday.

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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