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Stock Markets
S&P/ASX 200 5,212.05 -80.03 NZSX 50 4,865.16 -34.24
DJIA 16,357.37 +99.43 Nikkei 15,422.40 -489.66
NASDAQ 4,179.24 +65.94 FTSE 6,766.86 +9.71
S&P 500 1,837.15 +17.95 Hang Seng 22,888.76 -97.48
SPI 200 Fut 5,201.00 +27.00 TRJCRB Index 276.77 +0.67
Bonds (Yield)
AU 10 YR Bond 4.180 -0.040 US 10 YR Bond 2.873 +0.048
NZ 10 YR Bond 4.690 +0.000 US 30 YR Bond 3.801 +0.035
Currencies (Prev at 7pm NZST)
AUD US$ 0.8962 0.9037 NZD US$ 0.8378 0.8377
EUR US$ 1.3675 1.3662 Yen US$ 104.17 103.43
Commodities
Gold (Lon) 1251.50 Silver (Lon) 20.270
Gold (NY) 1253.06 Light Crude 92.46
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Overnight market action with latest New York figures.
EQUITIES
NEW YORK - U.S. stocks rose on Tuesday, erasing much of the
previous session's steep drop, as December retail sales rose
more than expected and investors digested earnings from major
financial firms.
The Dow Jones industrial average was up 94.72 points,
or 0.58 percent, at 16,352.66. The Standard & Poor's 500 Index
was up 17.76 points, or 0.98 percent, at 1,836.96. The
Nasdaq Composite Index was up 63.88 points, or 1.55
percent, at 4,177.19.
For a full report, double click on .N
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LONDON - Britain's top share index steadied near two-month
highs on Tuesday, with a sell-off in financials offset by a crop
of solid updates in the healthcare and retail sectors.
The FTSE 100 closed up 0.1 percent at 6,766.86 points,
failing to hold onto an earlier two-month intraday high of
6,772.63 points.
For a full report, double click on .L
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TOKYO - Japan's Nikkei average tumbled 3.1 percent to a
one-month low on Tuesday, posting the biggest one-day drop in
five months after the yen rose sharply following a
weaker-than-expected U.S. payrolls report.
The Nikkei ended 489.66 points lower at 15,422.40
after hitting as low as 15,383.69, its lowest level since Dec.
18. It was the biggest daily percentage drop since Aug. 7.
The broader Topix dropped 2.3 percent to 1,269.08,
with all of its 33 subsectors in negative territory.
For a full report, double click on .T
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SYDNEY - Australian shares were set to firm on Wednesday,
rebounding from its biggest single day decline in 3-1/2 months
in the previous session, drawing support from Wall Street, which
rose on better-than-expected retail figures.
Australian stock futures rose 0.5 percent to
5,201.0, a discount of 11-points to the underlying S&P/ASX 200
index which slipped 1.5 percent on Tuesday.
For full report, double click on .AX
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FOREIGN EXCHANGE
NEW YORK - Stronger-than-expected December U.S. retail sales
data and a record Japanese current account deficit helped push
the U.S. dollar higher against the yen on Tuesday while mixed
signals among European central bankers kept the euro in check.
In mid-morning U.S. activity the dollar traded up 0.60
percent to 103.60 yen , recovering after a more than 1
percent drop on Monday that saw it hit a roughly one-month low
of 102.85 yen.
For a full report, double click on USD/
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TREASURIES
NEW YORK - U.S. Treasury debt prices fell on Tuesday after a
gauge of U.S. consumer spending rose more than expected in
December, suggesting the economy gathered steam at the end of
last year and was poised for stronger growth in 2014.
Benchmark U.S. 10-year Treasury notes were last
trading down 7/32 in price to yield 2.861 percent, up from 2.825
percent late Monday. They have fallen from a high of 2.967
percent on Friday before the jobs data was released.
Thirty-year bonds fell 10/32 in price to yield
3.799 percent, up from 3.766 percent.
For a full report, double click on US/
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COMMODITIES
GOLD
LONDON - Gold rose to its highest level in a month on
Tuesday due to a drop in equities and uncertainty over the U.S.
growth outlook after a disappointing jobs report last week.
Spot gold was up 0.1 percent to $1,254.00 an ounce by
1536 GMT, while U.S. gold futures for February delivery
were up 0.2 percent at $1,253.70 an ounce.
For a full report, double click on GOL/
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BASE METALS
LONDON - Copper dipped on Tuesday due to a firming dollar
and caution over growth prospects for the world's top copper
consumer China, but a shortfall of metal in the physical markets
and upbeat U.S. data helped limit losses.
Three-month copper on the London Metal Exchange was
last bid down 0.67 percent at $7,280 a tonne, down from $7,329
at the close on Monday. Copper is down about half a percent this
year, following falls of 7 percent last year.
For a full report, double click on MET/L
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OIL
NEW YORK - U.S oil rose by $1 on Tuesday as traders squared
positions amid some signs of strength in the U.S. economy, while
Brent fell as incremental increases in Libyan oil supply and
expectations that Iranian crude will return to market weighed on
prices.
The February Brent crude contract, which expires on
Thursday, traded 38 cents lower at $106.37 at 12:50 p.m. EST
(1750 GMT), after slipping 50 cents in the previous session.
U.S. crude traded up 96 cents at $92.76, a day after
dropping 92 cents. Oil has fallen from is perch at $100 a barrel
at the end of last year.
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/