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

(Updates numbers throughout, adds Australian stocks preview) -----------------------(06:40 / 1940 GMT)----------------------

Stock Markets S&P/ASX 200 5,446.23 +46.00 NZSX 50 5,073.09 +39.83

DJIA 16,364.19 -31.69 Nikkei 14,897.63 +176.15 NASDAQ 4,356.50 +4.53 FTSE 6,775.42 -48.35 S&P 500 1,873.81 -0.10 Hang Seng 22,657.63 -77.85 SPI 200 Fut 5,441.00 -12.00 TRJCRB Index 306.07 -0.18

Bonds (Yield) AU 10 YR Bond 3.995 +0.010 US 10 YR Bond 2.694 +0.004 NZ 10 YR Bond 4.570 +0.000 US 30 YR Bond 3.639 +0.002

Currencies (Prev at 7pm NZST) AUD US$ 0.8983 0.8957 NZD US$ 0.8415 0.8389 EUR US$ 1.3739 1.3726 Yen US$ 102.27 102.22

Commodities

Gold (Lon) 1337.00 Silver (Lon) 21.320

Gold (NY) 1334.50 Light Crude 101.35

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Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks barely moved on Wednesday, a day after the S&P 500 hit a new all-time high, as investors shrugged off soft data on jobs and the services sector while keeping an eye on development in the Ukraine.

The Dow Jones industrial average .DJI fell 36.66 points, or 0.22 percent, to 16,359.22, the S&P 500 .SPX dipped 0.73 of a point, or 0.04 percent, to 1,873.18 and the Nasdaq Composite

.IXIC added 2.902 points, or 0.07 percent, to 4,354.874.

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

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LONDON - Britain's top share index fell again on Wednesday after rebounding from two-week lows in the previous session, with updates from some companies disappointing investors and tensions over Ukraine weighing on sentiment.

The FTSE 100 .FTSE closed down 0.7 percent at 6,775.42 points after rebounding 1.7 percent in the previous session following a fall of 1.5 percent on Monday on Ukraine tensions.

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

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TOKYO - Japanese stocks rose to a one-week high on Wednesday after comments by Russian President Vladimir Putin eased worries about military confrontation in Ukraine, triggering short covering in battered shares like property developers and index heavyweights.

The Nikkei share average .N225 ended 1.2 percent higher at 14,897.63, its highest closing level since Feb. 27.

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

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SYDNEY - Australian shares are set to slip in early trade as Wall Street ended little changed overnight while investors may remain cautoius as developments unfold in Ukraine.

An uptick in metals prices may support the broader market.

Local share price index futures YAPcm1 fell 0.2 percent, a 12-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark gained 0.9 percent on Wednesday to close at their highest point since June 2008.

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

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FOREIGN EXCHANGE

NEW YORK - The dollar rallied on Wednesday, shrugging off a softer-than-expected U.S. private-sector payrolls report for February that may have been affected by severe winter conditions.

At midmorning, the euro was down 0.2 percent versus the dollar at $1.3721 EUR= , pulling back from Friday's two-month high of $1.3824.

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

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TREASURIES

NEW YORK - U.S. Treasury debt prices fell on Wednesday, as the market shrugged off weak reports on growth in the jobs market and service sector and tensions in Ukraine calmed.

Ten-year notes US10YT=RR were last down 4/32 in price, pulling yields up to 2.703 percent after Tuesday's close of 2.69 percent. Thirty-year bonds US30YT=RR fell 2/32 in price, sending yields to 3.640 percent from Monday's close of 3.637 percent.

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

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COMMODITIES

GOLD

LONDON - Gold edged up on Wednesday after weak U.S. data cast doubts over the pace of the economic recovery, but gains were kept in check by easing demand for safe assets as Washington and Moscow set up talks to reduce tensions over Ukraine.

Spot gold XAU= was up 0.3 percent at $1,339.16 an ounce by 1542 GMT, after dropping 1.2 percent on Tuesday. It hit its highest since Oct. 30 at $1,354.80 on Monday after news of escalating tensions in Ukraine hurt stock markets.

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

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BASE METALS

LONDON - Nickel climbed to a nine-month high on Wednesday on persistent worries about an Indonesian ban on ore exports and after China's leaders affirmed a solid growth target for the year ahead.

Three-month nickel on the London Metal Exchange CMNI3 hit a high of $15,345 a tonne, its highest since June last year, but pared gains to close up 0.8 percent at $15,270.

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

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OIL

NEW YORK - U.S. oil futures fell by more than $2 on Wednesday, pressured by comments from the U.S. Federal Reserve that economic activity had been impacted by frigid weather in the previous two months.

Brent oil for April delivery CLc1 was down $1.28 at $108.02 a barrel at 1912 GMT.

U.S. crude for April delivery CLc1 was down $1.99 at $101.34, after falling $1.59 on Tuesday.

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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