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

(Updates numbers throughout, adds Sydney stocks outlook) -----------------------(06:28 / 1928GMT)----------------------- Stock Markets S&P/ASX 200 5,350.10 -17.81 NZSX 50 4,769.04 +32.03 DJIA 16,469.99 +28.64 Nikkei 16,291.31 +112.37 NASDAQ 4,131.91 -11.16 FTSE 6,730.67 +12.76 S&P 500 1,831.37 -0.61 Hang Seng 23,340.05 -522.77 SPI 200 Fut 5,194.00 +11.00 TRJCRB Index 276.53 -0.88

Bonds (Yield) AU 10 YR Bond 4.295 +0.005 US 10 YR Bond 3.000 +0.000 NZ 10 YR Bond 4.765 +0.000 US 30 YR Bond 3.931 +0.000

Currencies (Prev at 7pm NZST) AUD US$ 0.8950 0.8966 NZD US$ 0.8280 0.8240 EUR US$ 1.3587 1.3652 Yen US$ 104.89 104.26

Commodities Gold (Lon) 1234.50 Silver (Lon) 20.180 Gold (NY) 1237.46 Light Crude 93.96 ----------------------------------------------------------------

Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks ended a volatile session mostly flat on Friday as investors digested comments from Federal Reserve officials that raised questions about how quickly the central bank will end its stimulus program.

The Dow Jones industrial average .DJI was up 28.64 points, or 0.17 percent, at 16,469.99. The Standard & Poor's 500 Index

.SPX was down 0.62 points, or 0.03 percent, at 1,831.36. The Nasdaq Composite Index .IXIC was down 11.16 points, or 0.27 percent, at 4,131.91.

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

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LONDON - Strong gains by clothing retailer Next NXT.L lifted Britain's top equity index on Friday, with many traders expecting the market to push on to record highs this year.

The blue-chip FTSE 100 index .FTSE closed up 0.2 percent, or 12.76 points, at 6,730.67 points.

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

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TOKYO - Japan's markets will be closed for the New Year holiday from Dec. 31 to Jan. 3. Reuters coverage of the Japanese stock markets will resume on Jan. 6.

For the most recent report, double click on Href="NewsSearch">.T

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SYDNEY - Australian shares are set to open under pressure on Monday, with commodities prices dipping, as investors digest comments from Federal Reserve officials on the central bank's stimulus program while awaiting a private survey of China's services industry.

Local share price index futures YAPcm1 rose 0.4 percent to 5,335, which is still a 15.1-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark slipped 0.3 percent on Friday.

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FOREIGN EXCHANGE

NEW YORK - The dollar rose broadly on Friday, buoyed by comments made by outgoing Federal Reserve Chairman Ben Bernanke and by risk aversion but a major snowstorm blanketing the Northeast of the United States kept trade thin.

The dollar fell as low as 104.05 yen, but later erased losses to last trade flat at 104.74 JPY= yen, remaining below a five-year high of 105.44 yen set on Thursday. Japanese market players are out for New Year holidays until next week.

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

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TREASURIES

NEW YORK - U.S. Treasuries prices fell on Friday with benchmark yields ending at 3 percent after Federal Reserve Chairman Ben Bernanke gave an upbeat outlook on the U.S. economy, supporting the view the Fed will continue to scale back its bond purchases in 2014.

Benchmark 10-year Treasuries notes US10YT=RR fell 4/32 in price to yield 3.000 percent, up 1.5 basis points from late Thursday, while the 30-year bond US30YT=RR slipped 4/32 in price to yield 3.928 percent, up 1.2 basis points from Thursday.

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

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COMMODITIES

GOLD

NEW YORK/LONDON - Gold rose 1 percent on Friday, rallying for a second consecutive day with a boost from renewed fund buying and equities' weakness after bullion posted its worst annual decline in 2013 in more than 30 years.

Spot gold XAU= was up 1.1 percent to $1,237.40 an ounce by 1901 GMT.

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

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BASE METALS

LONDON - Copper dipped on Friday, easing from a seven-month high as expectations of higher supplies and concerns over Chinese growth weighed on the market.

Three-month copper on the London Metal Exchange CMCU3 closed at $7,315 a tonne from $7,393. It hit an intra-day high of $7,460 on Thursday, its highest level since June 5.

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

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OIL

NEW YORK - U.S. crude lost over $1 on Friday as data showing a larger-than-expected build in distillates dragged the oil complex lower.

Brent LCOc1 fell 89 cents to $106.89. The losses followed Thursday's 2.7 percent fall and capped a week in which the European benchmark dropped 4.7 percent, its biggest weekly percentage loss in six months.

U.S. crude CLc1 fell $1.48 to settle at $93.96. It posted a weekly fall of more than 6 percent, its sharpest since September 2012.

For a full report, double click on O/R

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