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

Mon, 24 Mar - 5:38am
 (Add Australian stock market trend, update numbers) 
-----------------------(06:34 / 1934 GMT)----------------------- 
Stock Markets                                                   
S&P/ASX 200    5,338.08  +44.08  NZSX 50        5,124.99  -35.40 
    
DJIA          16,302.77  -28.28  Nikkei        14,224.23 -238.29 
NASDAQ         4,276.79  -42.50  FTSE           6,557.17  +14.73 
S&P 500        1,866.52   -5.49  Hang Seng     21,436.70 +254.54 
SPI 200 Fut    5,151.00  -20.00  TRJCRB Index     299.40   -0.10 
Bonds                                                            
AU 10 YR Bond     4.148  -0.020  US 10 YR Bond     2.744  +0.000 
NZ 10 YR Bond     4.645  +0.000  US 30 YR Bond     3.609  +0.000 
Currencies (Prev at 7pm NZST)                                    
AUD US$          0.9083  0.9066  NZD US$          0.8541  0.8545 
EUR US$          1.3797  1.3785  Yen US$          102.14  102.36 
Commodities                                                      
Gold (Lon)      1336.00          Silver (Lon)     20.550         
Gold (NY)       1333.85          Light Crude       99.46         
---------------------------------------------------------------- 
Overnight market action with latest New York figures. 
 
    EQUITIES 
    NEW YORK - U.S. stocks slipped on Friday, as investors 
booked profits in momentum names heading into the weekend, 
wiping out early gains that had pushed the S&P 500 to an 
intraday record high. 
    The Dow Jones industrial average    fell 28.28 points or 
0.17 percent, to 16,302.77. The S&P 500    slipped 5.49 
points or 0.29 percent, to 1,866.52. The Nasdaq Composite 
   dropped 42.498 points or 0.98 percent, to close at 
4,276.788. 
    For a full report, double click on  .N  
    - - - -  
    LONDON - Britain's top share index managed to snap a streak 
of three straight weekly losses on Friday as mining stocks rose 
on hopes that China, the world's top metals consumer, would take 
more steps to stimulate its economy. 
    Shares in mining stocks added 6.5 points to the FTSE 100 
  , which closed up 14.73 points, or 0.2 percent, at 
6,557.17 points. The index was up 0.4 percent for the week after 
three straight weekly losses. 
    For a full report, double click on  .L  
    - - - -  
    TOKYO - Japanese markets were closed for a public holiday on 
Friday. Trading will resume on Monday. 
    For the latest report, double click on  .T  
     - - - 
    SYDNEY - Australian shares are set for a weak start on 
Monday taking the lead from Wall Street as investors were 
cautious about Crimea and the U.S. Federal Reserve policy 
outlook. 
    Local share price index futures    are down 0.4 
percent, a 31.1-point discount to the underlying S&P/ASX 200 
index    close on Friday. The benchmark bounced 0.8 percent 
in the last session. 
    For a full report, double click on    
    - - - -  
    FOREIGN EXCHANGE  
    NEW YORK - A three-day dollar rally sputtered out on Friday 
as world markets adapted to possible shifts in U.S. monetary 
policy and the euro rose on news of a record monthly euro zone 
current account surplus. 
    The U.S. dollar index   , which measures the dollar 
against six major currencies, declined 0.12 percent to 80.093, a 
day after touching a three-week high of 80.354. 
    For a full report, double click on  USD/  
    - - - -  
    TREASURIES  
    NEW YORK - Longer-dated U.S. Treasuries prices rose on 
Friday and the gap between short and long-dated bonds hit its 
lowest level in eight months as investors continued to evaluate 
the possibility the Federal Reserve will increase benchmark 
rates sooner than had been expected. 
    The yield curve has flattened since Wednesday, when Fed 
Chair Janet Yellen said the central bank could raise rates six 
months after its current bond-buying program ends. The spread 
between two-year note- and 30-year bond yields narrowed to 317 
basis points on Friday, the tightest since July. 
    For a full report, double click on  US/  
    - - - -  
    COMMODITIES  
    GOLD 
    NEW YORK/LONDON - Gold rose on Friday on bargain hunting, 
though the market posted its biggest weekly drop since November 
following the Federal Reserve's latest indication that an 
interest rate hike could come in early 2015. 
    Spot gold    was up 0.5 percent to $1,334.76 an ounce by 
1832 GMT, after falling to $1,320.24 on Thursday, its weakest 
since end-February. 
    For a full report, double click on  GOL/  
    - - - -  
    BASE METALS 
    LONDON - Copper edged higher on the week after falling more 
than 4 percent last week as worries abated on Friday about 
credit conditions and the economy in China. 
    Three-month copper on the London Metal Exchange    
closed 0.78 percent higher at $6,480 a tonne, gaining 0.2 
percent this week. 
    For a full report, double click on  MET/L  
    - - - -  
    OIL 
    NEW YORK - Crude oil futures rose on Friday as fresh U.S. 
and European sanctions on Russia renewed fears of a supply 
disruption from the world's second largest oil producer. 
    Brent    rose 47 to settle at $106.92 per barrel, 
having earlier spiked $1.32 to a session high of $107.77 per 
barrel. The European benchmark still fell for a fourth week in a 
row. 
    U.S. crude    for May delivery, which became the 
front-month contract on Friday, settled 56 cents higher at 
$99.46 per barrel, rising modestly after falling for the week 
prior. 
    For a full report, double click on  O/R  
    - - - - 
((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 802 
7980)) 
 
 
Keywords: MORNINGCALL/  
     
URN: 
urn:newsml:reuters.com:20140323:nL4N0MK085:6
Topics: 
REP LEN NZ RTRS STX AU ASIA

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