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

(Updates prices, table) -----------------------(0649/1949 GMT)----------------------

Stock Markets S&P/ASX 200 5,445.89 -0.34 NZSX 50 5,114.79 +41.70 DJIA 16,439.61 +79.43 Nikkei 15,134.75 +237.12 NASDAQ 4,354.67 -3.30 FTSE 6,788.49 +13.07 S&P 500 1,878.72 +4.91 Hang Seng 22,579.78 +123.19 SPI 200 Fut 5,456.00 +15.00 TRJCRB Index 307.59 +1.54

Bonds (Yield) AU 10 YR Bond 4.090 -0.045 US 10 YR Bond 2.739 +0.043 NZ 10 YR Bond 4.615 +0.005 US 30 YR Bond 3.686 +0.041

Currencies (Prev at 7pm NZST) AUD US$ 0.9093 0.9017 NZD US$ 0.8480 0.8434 EUR US$ 1.3858 1.3730 Yen US$ 103.02 102.66

Commodities Gold (Lon) 1345.25 Silver (Lon) 21.110 Gold (NY) 1337.01 Light Crude 101.63 ----------------------------------------------------------------

Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks mostly rose on Thursday, but were off session highs as late afternoon selling pushed the Nasdaq into negative territory.

The Dow Jones industrial average .DJI rose 67.28 points or 0.41 percent, to 16,427.46. The S&P 500 .SPX gained 3.51 points or 0.19 percent, to 1,877.32. The Nasdaq Composite

.IXIC dropped 7.36 points or 0.17 percent, to 4,350.614.

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

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LONDON - Britain's top share index edged higher on Thursday, buoyed by updates from as Aviva AV.L and Aggreko AGGK.L , although lack of action by the European Central Bank and uncertainty over Ukraine capped gains.

Britain's FTSE 100 .FTSE was up 13.07 points, or 0.2 percent, at 6,788.49 at the close. It was up 0.3 percent before Draghi's press conference.

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

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TOKYO - Japan's Nikkei share average jumped to a five-week high on Thursday as investors took heart from news about the world's largest pension fund's allocation plan, and as a weaker yen boosted shares of exporters.

The Nikkei .N225 ended 1.6 percent higher to 15,134.75, the highest close since Jan. 29.

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

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SYDNEY - Australian shares are set to open higher on Friday, tracking Wall Street, which firmed overnight.

Local share price index futures YAPcm1 rose 0.4 percent, a 11-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed down 0.3 percent on Thursday.

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

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FOREIGN EXCHANGE

NEW YORK - The euro inched higher on Thursday as the European Central Bank kept interest rates on hold, shaking out some bets of a cut in base rates to support euro zone growth and weaken returns on the single currency versus its peers.

The euro EUR= rose to around $1.3870, its highest since late December.

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

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TREASURIES

NEW YORK - U.S. Treasury debt prices fell on Thursday as investors unwound safe-haven bids spurred by the Ukraine crisis ahead of Friday's key nonfarm payrolls report and following data showing fewer Americans than expected filed new claims for jobless benefits.

Ten-year notes US10YT=RR were last down 14/32 in price, pulling yields up to 2.745 percent after Wednesday's close of 2.696 percent. Thirty-year bonds US30YT=RR fell 22/32, sending yields to 3.682 percent from Wednesday's close of 3.644 percent.

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

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COMMODITIES

GOLD

LONDON - Gold rose on Thursday, gaining support from the European Central Bank's decision not take fresh action to inject liquidity into the eurozone's financial system, which boosted the euro versus the dollar.

Spot gold XAU= , lower initially, rebounded 0.6 percent to $1,345.10 an ounce by 1537 GMT. Gold futures GCcv1 for April delivery rose 0.4 percent to $1,345.70 an ounce.

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

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BASE METALS

LONDON - Copper was steady and some other base metals slipped on Thursday on investor concern over future demand in top metals consumer China after more details emerged about reform plans.

Three month copper on the London Metal Exchange CMCU3 closed at $7,055 per tonne from $7,030 at the close on Wednesday.

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

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OIL

NEW YORK - U.S. oil fell by more than $1 on Thursday as comments from U.S. President Barack Obama eased concerns over the potential for an armed conflict in Ukraine, erasing any traces of geopolitical risk premium.

U.S. crude CLc1 was last trading 81 cents lower at $100.95 by 1:54 p.m. EST (1854 GMT), after falling as low as $100.13 at around 1 p.m. when Obama's press conference began.

Brent LCOc1 fell 5 cents to $107.67 after settling $1.54 lower on Wednesday. The contract hit $112.39 on Monday, its highest since Dec. 30.

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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