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Stock Markets
S&P/ASX 200 5,229.01 +53.90 NZSX 50 4882.72 +34.28
DJIA 15,787.26 -141.30 Nikkei 15,383.91 +403.75
NASDAQ 4,066.01 -31.96 FTSE 6,544.28 -28.05
S&P 500 1,780.13 -12.37 Hang Seng 21,960.64 +180.97
SPI 200 Fut 5,121.00 -53.00 TRJCRB Index 284.38 +2.20
Bonds (Yield)
AU 10 YR Bond 3.970 +0.080 US 10 YR Bond 2.697 -0.051
NZ 10 YR Bond 4.595 -0.030 US 30 YR Bond 3.638 -0.034
Currencies (Prev at 7pm NZST)
AUD US$ 0.8760 0.8808 NZD US$ 0.8254 0.8281
EUR US$ 1.3654 1.3661 Yen US$ 102.18 103.26
Commodities
Gold (Lon) 1264.00 Silver (Lon) 19.680
Gold (NY) 1256.21 Light Crude 97.40
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Overnight market action with latest New York figures.
EQUITIES
NEW YORK - U.S. stocks were down as much as 1 percent in
volatile trading on Wednesday following the Federal Reserve's
decision to further reduce its monthly bond purchases.
Stocks had been lower ahead of the Fed announcement amid
concerns that bold efforts by Turkey and South Africa to
stabilize their currencies may not be enough to staunch a cycle
of selling in emerging markets.
The Dow Jones industrial average fell 164.72 points
or 1.03 percent, to 15,763.84, the S&P 500 lost 15.13
points or 0.84 percent, to 1,777.37 and the Nasdaq Composite
dropped 37.182 points or 0.91 percent, to 4,060.781
For a full report, double click on .N
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LONDON - Britain's top share index sank to its lowest
closing level in six weeks on Wednesday, on investor concern
about the effect a further reduction of U.S. monetary stimulus
would have on emerging markets.
The FTSE 100 ended down 28.05 points, or 0.4
percent, at 6,544.28 points , its lowest close since Dec. 18,
having swung in a wide range between 6,482-6,645 during the
session.
For a full report, double click on .L
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TOKYO - Japan's Nikkei share average jumped 2.7 percent on
Wednesday, its biggest gain in almost five months, after
Turkey's huge hike in interest rates halted selling in emerging
markets and bolstered risk appetite.
The Nikkei rose to 15,383.91 , moving away from a
2-1/2 month low just below 15,000 set on Monday and snapping a
four-session losing streak.
For a full report, double click on .T
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SYDNEY - Australian stocks were poised to come under renewed
pressure on Thursday, tracking losses on Wall Street after the
Federal Reserve reduced its bond-buying stimulus as expected and
as concerns about emerging markets flared up.
Australian stock index futures fell 1.0 percent to
5,120.0, a 2.1 percent discount to the underlying S&P/ASX 200
index , which closed 1 percent higher on Wednesday at
5,229.0.
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FOREIGN EXCHANGE
NEW YORK - The dollar weakened against the yen and Swiss
franc on Wednesday as traders reckoned emergency action taken to
stall the fall of the Turkish currency would not be enough to
calm jitters over global emerging markets ahead of an expected
U.S. Federal Reserve move to pare stimulus.
After recovering another half a percent against the yen
overnight, the dollar turned 0.7 percent lower at 102.26 yen
, holding above the seven-week low set on Monday.
The dollar edged down 0.2 percent against the Swiss franc at
0.8955 franc .
For a full report, double click on USD/
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TREASURIES
NEW YORK - U.S. Treasuries prices rose on Wednesday on
expectations that a further pullback in the U.S. Federal
Reserve's bond-buying would cause more pain for emerging market
assets, leading investors to favor safe-haven bonds.
Benchmark 10-year Treasury notes were last up
9/32 in price to yield 2.715 percent, up in price from a yield
of 2.748 percent late on Tuesday. Bond yields move inversely to
their prices.
For a full report, double click on US/
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COMMODITIES
GOLD
NEW YORK - Gold rose on Wednesday as a drop in global
equities, slumping emerging-market currencies and jitters over
an upcoming policy statement by the U.S. Federal Reserve lifted
its safe-haven appeal.
Spot gold was up 0.5 percent at $1,262.50 an ounce by
1:32 p.m. EST (1832 GMT). U.S. gold futures for February
delivery were up $12.10 an ounce at $1,262.90.
For a full report, double click on GOL/
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BASE METALS
LONDON - Aluminium touched its weakest levels in more than
four years on Wednesday on persistent worries of overproduction
while copper dropped for a sixth session ahead of the week-long
Lunar New Year holiday in Asia.
Three-month aluminium on the London Metal Exchange
touched a low of $1,735.25 a tonne, the weakest since July 2009.
For a full report, double click on MET/L
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OIL
NEW YORK - U.S. crude oil futures fell on Wednesday after
government data showed a hefty build in crude inventories, but
losses were curtailed by a larger-than-expected stocks draw in
distillates, the third in as many weeks, spurred by severely
cold weather.
Brent crude oil rose moderately, supported by Middle East
supply concerns. Spillover attacks from the civil war in Syria
have hindered development of Iraq's gas and oil reserves and a
major pipeline to the Mediterranean has been blown up dozens of
times, Iraq's top energy official said on Tuesday.
Brent was up 39 cents at $107.80 per barrel at 12:50
p.m EST (1750 GMT). U.S. oil fell by more than a $1 to a
session low of $96.32 after the stocks figures were released,
and was last trading 43 cents down to $96.98.
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/