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

(Adds Sydney stocks preview, updates numbers throughout) -----------------------(06:43 / 1943 GMT)-----------------------

Stock Markets S&P/ASX 200 5,222.15 +55.62 NZSX 50 4,833.06 -7.73 DJIA 15,794.92 +0.84 Nikkei 14,718.34 +255.93 NASDAQ 4,147.76 +21.90 FTSE 6,591.55 +19.87 S&P 500 1,799.73 +2.71 Hang Seng 21,636.85 -57.59 SPI 200 Fut 5,176.00 +7.00 TRJCRB Index 288.89 -0.89

Bonds (Yield) AU 10 YR Bond 4.100 -0.015 US 10 YR Bond 2.684 +0.009 NZ 10 YR Bond 4.575 +0.000 US 30 YR Bond 3.669 +0.004

Currencies (Prev at 7pm NZST) AUD US$ 0.8938 0.8939 NZD US$ 0.8265 0.8277 EUR US$ 1.3640 1.3626 Yen US$ 102.19 102.36

Commodities

Gold (Lon) 1277.00 Silver (Lon) 20.200

Gold (NY) 1266.58 Light Crude 100.08

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Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks were little changed on Monday, as investors digested recent gains and looked ahead to new Federal Reserve Chair Janet Yellen's first testimony before lawmakers.

The Dow Jones industrial average .DJI fell 17.67 points or 0.1 percent, to 15,776.41, the S&P 500 .SPX lost 0.34 points or 0.02 percent, to 1,796.68 and the Nasdaq Composite .IXIC added 13.47 points or 0.33 percent, to 4,139.33.

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

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LONDON - Fresh political pressure on British utilities hit the sector's stocks on Monday, limiting broader gains in the UK's top equity index although it rose for the fourth straight session.

The blue-chip FTSE 100 .FTSE index closed up by 0.3 percent, or 19.87 points, at 6,591.55 points.

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

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TOKYO - Japan's Nikkei share average rose to a one-week high on Monday as a softer yen underpinned sentiment, with index-heavyweight stocks as SoftBank Corp 9984.T leading the gains.

The Nikkei .N225 ended 1.8 percent higher at 14,718.34 points, its highest close since Jan. 31 and moving away from a four-month low of 13,995.86 hit last week.

The Topix .TOPX rose 1.3 percent to 1,204.28, with 31 of its 33 subsectors in positive territory. A total of 2.19 billion shares changed hands, the lowest since Jan. 20.

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

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SYDNEY - Australian shares are set to open modestly higher as Wall Street closed little changed overnight with an uptick in gold prices to support some resource stocks.

Local share price index futures YAPcm1 rose 0.1 percent, but was still a 48.1-point discount to the underlying S&P/ASX 200 index .AXJO close.

Investors will eye a raft of data including mortgage lending, business confidence, house prices and consumer sentiment all due out later in the day.

Macquarie Group Ltd MQG.AX and Australia and New Zealand Banking Group ANZ.AX have trading updates, while Cochlear Ltd

COH.AX will release its first half results.

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FOREIGN EXCHANGE

NEW YORK - The dollar held steady against major currencies on Monday as traders waited to hear the economic and policy views of Janet Yellen, the new head of the Federal Reserve, following a disappointing January report on the U.S. labor market.

The dollar index =USD last traded down 0.02 percent at 80.671 after hitting its lowest in about 1-1/2 weeks.

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

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TREASURIES

NEW YORK - U.S. Treasury debt prices were little changed to slightly lower on Monday in thin trading, after a rally the previous session following a soft U.S. non-farm payrolls report, with markets looking to this week's heavy supply on both the short and long-end.

Benchmark 10-year Treasuries US10YT=RR were last flat in price to yield 2.67 percent, down from 2.69 percent last Friday. Thirty-year bonds US30YT=RR also slipped 1/32 to yield 3.66 percent, down from 3.68 percent the previous session.

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

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COMMODITIES

GOLD

LONDON - Gold rose on Monday after a weak U.S. jobs report last week raised questions over economic recovery, which could potentially slow the pace of the Federal Reserve's stimulus tapering.

Spot gold XAU= rose 0.6 percent to $1,274.60 an ounce by 1524 GMT, after gaining 1.9 percent in the previous week, its largest weekly increase since Jan. 3.

U.S. gold futures GCcv1 for February delivery were up $11.50 to $1,274.40 an ounce.

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

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BASE METALS

LONDON - Copper dipped on Monday, following a weekly rise that was the biggest so far this year last week, as worries about demand in top consumer China and expectations of tighter U.S. monetary policy offset tightness in supply.

Three-month copper on the London Metal Exchange CMCU3 fell 0.64 percent to $7,095 a tonne at the close. Prices last week recouped 1 percent but were still down some 3 percent for the year to date.

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

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OIL

NEW YORK - Brent oil fell by nearly $1 per barrel in mid-afternoon trading on Monday, pressured by sinking heating oil prices as the market looked toward the end of a long and frigid winter and as supplies increased from Libya and the North Sea.

March Brent crude LCOc1 was down 87 cents at $108.70 a barrel at 1831 GMT, after reaching a high of $109.75, its loftiest since Jan. 2.

The March contract expires at the end of trading on Thursday. Brent oil for April delivery was trading 83 cents lower at $108.02.

U.S. crude CLc1 was up 3 cents at $99.91, after rising to $100.55, a 2014 high.

For a full report, double click on O/R

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

Keywords: MORNINGCALL/