-----------------------(06:58 / 2058 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,596.10 +25.30 NZSX 50 3,137.18 +10.50
DJIA 9,605.41 -22.07 Nikkei 10,444.33 -69.34
NASDAQ 2,080.90 -3.12 FTSE 5,011.47 +23.79
S&P 500 1,042.73 -1.41 Hang Seng 21,069.56 +91.86
SPI 200 Fut 4,594.00 -4.00 CRB Index 251.12 -4.06
Bonds
AU 10 YR Bond 94.725 -0.010 US 10 YR Bond 3.349 +0.000
NZ 10 YR Bond 4.750 +0.000 US 30 YR Bond 4.183 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8622 0.8626 NZD US$ 0.7052 0.7029
EUR US$ 1.4598 1.4599 Yen US$ 90.31 91.19
Commodities
Gold (Lon) 1008.25 Silver (Lon) 16.890
Gold (NY) 1005.80 Light Crude 69.12
Overnight market action.
EQUITIES
NEW YORK - U.S. stocks broke a five-day winning streak on Friday on a drop in crude oil prices but posted solid gains for the week.
The Dow Jones industrial average lost 22.07 points, or 0.23 percent, at 9,605.41. The Standard & Poor's 500 Index shed 1.41 points, or 0.14 percent, at 1,042.73. The Nasdaq Composite Index fell 3.12 points, or 0.15 percent, at 2,080.90.
For the week, the Dow was up 1.7 percent, the S&P was up 2.6 percent, and the Nasdaq was up 3.1 percent.
For a full report, double click on
- - - -
LONDON - Britain's leading share index closed on Friday at its highest level in almost a year, as gains in miners and banks helped push the index above the 5,000 mark on hopes of a recovery in the global economy.
The FTSE 100 closed up 0.5 percent or 23.79 points at 5,011.47, the highest closing level since late September 2008 after earlier hitting a high at 5,038.76.
The FTSE has so far rebounded 45 percent from the lows in March, but remains around 7.5 percent below levels prior to the collapse of Wall Street bank Lehman Brothers a year ago.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average slipped 0.7 percent on Friday, hurt by selling that followed the settlement of futures and options and by concerns over a stronger yen that pushed automakers like Toyota Motor Corp lower.
The benchmark Nikkei shed 69.34 points to 10,444.33 after rising 2 percent on Thursday, its biggest one-day percentage gain in two weeks. The broader Topix lost 0.8 percent to 950.41.
For a full report, double click on
- - - -
SYDNEY - Australian shares are set to open higher, riding momentum from the end of last week spurred by hopes China would lead the global recovery, but weaker copper and oil prices could weigh on the miners and energy companies.
Share price index futures for September slipped 0.1 percent to 4,594.0, but that was 23.2 points above the underlying S&P/ASX 200 index. The benchmark index gained 3.2 percent last week, closing at an 11-month high.
Drug manufacturer and pharmacy group Sigma Pharmaceuticals is due to report its first-half results, after launching a rights offer last week to raise A$297 million to cut debt and buy some drug brands and a manufacturing plant from Bristol-Myers Squibb.
- - - -
FOREIGN EXCHANGE
NEW YORK - The yen firmed broadly on Friday as a pullback in Wall Street shares and a drop in oil prices negated upbeat U.S. consumer sentiment, rekindling safe-haven demand for the Japanese currency.
The dollar slipped against a basket of currencies, touching a nearly one-year low earlier, as the sell-off continued, on track for its worst weekly performance in more than three months. The greenback also fell to a fresh 2009 low versus the euro, but it recouped most of its losses.
The prospects for economic recovery and low U.S. borrowing rates continued to encourage investors to move cash out of the dollar into riskier assets in other currencies.
In late afternoon trading in New York, the dollar was down 1.2 percent on the day against the yen at 90.64 yen, having hit a seven-month low of 90.22, according to Reuters data.
Traders say there are option barriers at the 90 yen area, limiting the dollar's downside.
The dollar was down 2.5 percent this week versus the yen.
The euro was also 1.2 percent lower versus the Japanese currency, trading at 132.16 yen.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasury prices rose on Friday, ending another strong week, as ravenous appetite for government debt eclipsed encouraging economic data and this week's gains on Wall Street.
Benchmark yields, which move inversely to their prices, fell for a fifth straight week. The two-year note yield ended at its lowest since May following remarks from Federal Reserve officials signaling the U.S. central bank will keep short-term rates near zero in the foreseeable future.
Benchmark 10-year notes rose 5/32 in price for a 3.34 percent yield, down 2 basis points from late Thursday and 10 basis points lower than a week ago.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold jumped 1 percent on Friday, closing above $1,000 an ounce for the first time since March 2008 as a slumping dollar and inflation fears stirred investment demand for bullion.
Gold's breakout lifted prices of other precious metals, with silver and platinum both rallying to multi-month highs.
U.S. December gold futures settled up $9.60, or 1 percent, at $1,006.40 an ounce on the COMEX division of the New York Mercantile Exchange. The session high was $1,013.70, the highest price since Feb. 20.
Spot gold at $1,005.70 an ounce at 3:54 p.m. EDT (1954 GMT), against $995.50 late in New York on Thursday. Bullion's all-time high was at $1,030.80 set on March 17, 2008.
For related news, double click on
- - - -
BASE METALS
NEW YORK/LONDON - Copper closed down for the third straight day on Friday, as persistent concerns about overheated price levels and a lack of real demand weighed on sentiment, but support from a weak dollar prevented a sharper drop.
The copper price has been moving within a $500 range since the start of August as uncertainties about the pace of recovery limited momentum and left prices vulnerable to a correction after more than doubling since the start of the year.
Copper for December delivery on the New York Mercantile Exchange's COMEX division shed 3.00 cents to settle at $2.8465 a lb, after dealing in a $2.8250 to $2.9165 session range.
For a full report, double click on
- - - -
OIL
NEW YORK - U.S. crude oil fell nearly 4 percent toward $69 a barrel on Friday as U.S. equities struggled for traction, raising fears about the economy and a recovery in energy demand.
U.S. crude for October delivery settled down $2.65 at $69.29, after rising to $72.90 in earlier trade. London Brent crude settled down $2.17 at $67.69 a barrel.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stock Markets
S&P/ASX 200 4,596.10 +25.30 NZSX 50 3,137.18 +10.50
DJIA 9,605.41 -22.07 Nikkei 10,444.33 -69.34
NASDAQ 2,080.90 -3.12 FTSE 5,011.47 +23.79
S&P 500 1,042.73 -1.41 Hang Seng 21,069.56 +91.86
SPI 200 Fut 4,594.00 -4.00 CRB Index 251.12 -4.06
Bonds
AU 10 YR Bond 94.725 -0.010 US 10 YR Bond 3.349 +0.000
NZ 10 YR Bond 4.750 +0.000 US 30 YR Bond 4.183 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8622 0.8626 NZD US$ 0.7052 0.7029
EUR US$ 1.4598 1.4599 Yen US$ 90.31 91.19
Commodities
Gold (Lon) 1008.25 Silver (Lon) 16.890
Gold (NY) 1005.80 Light Crude 69.12
Overnight market action.
EQUITIES
NEW YORK - U.S. stocks broke a five-day winning streak on Friday on a drop in crude oil prices but posted solid gains for the week.
The Dow Jones industrial average lost 22.07 points, or 0.23 percent, at 9,605.41. The Standard & Poor's 500 Index shed 1.41 points, or 0.14 percent, at 1,042.73. The Nasdaq Composite Index fell 3.12 points, or 0.15 percent, at 2,080.90.
For the week, the Dow was up 1.7 percent, the S&P was up 2.6 percent, and the Nasdaq was up 3.1 percent.
For a full report, double click on
- - - -
LONDON - Britain's leading share index closed on Friday at its highest level in almost a year, as gains in miners and banks helped push the index above the 5,000 mark on hopes of a recovery in the global economy.
The FTSE 100 closed up 0.5 percent or 23.79 points at 5,011.47, the highest closing level since late September 2008 after earlier hitting a high at 5,038.76.
The FTSE has so far rebounded 45 percent from the lows in March, but remains around 7.5 percent below levels prior to the collapse of Wall Street bank Lehman Brothers a year ago.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average slipped 0.7 percent on Friday, hurt by selling that followed the settlement of futures and options and by concerns over a stronger yen that pushed automakers like Toyota Motor Corp lower.
The benchmark Nikkei shed 69.34 points to 10,444.33 after rising 2 percent on Thursday, its biggest one-day percentage gain in two weeks. The broader Topix lost 0.8 percent to 950.41.
For a full report, double click on
- - - -
SYDNEY - Australian shares are set to open higher, riding momentum from the end of last week spurred by hopes China would lead the global recovery, but weaker copper and oil prices could weigh on the miners and energy companies.
Share price index futures for September slipped 0.1 percent to 4,594.0, but that was 23.2 points above the underlying S&P/ASX 200 index. The benchmark index gained 3.2 percent last week, closing at an 11-month high.
Drug manufacturer and pharmacy group Sigma Pharmaceuticals is due to report its first-half results, after launching a rights offer last week to raise A$297 million to cut debt and buy some drug brands and a manufacturing plant from Bristol-Myers Squibb.
- - - -
FOREIGN EXCHANGE
NEW YORK - The yen firmed broadly on Friday as a pullback in Wall Street shares and a drop in oil prices negated upbeat U.S. consumer sentiment, rekindling safe-haven demand for the Japanese currency.
The dollar slipped against a basket of currencies, touching a nearly one-year low earlier, as the sell-off continued, on track for its worst weekly performance in more than three months. The greenback also fell to a fresh 2009 low versus the euro, but it recouped most of its losses.
The prospects for economic recovery and low U.S. borrowing rates continued to encourage investors to move cash out of the dollar into riskier assets in other currencies.
In late afternoon trading in New York, the dollar was down 1.2 percent on the day against the yen at 90.64 yen, having hit a seven-month low of 90.22, according to Reuters data.
Traders say there are option barriers at the 90 yen area, limiting the dollar's downside.
The dollar was down 2.5 percent this week versus the yen.
The euro was also 1.2 percent lower versus the Japanese currency, trading at 132.16 yen.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasury prices rose on Friday, ending another strong week, as ravenous appetite for government debt eclipsed encouraging economic data and this week's gains on Wall Street.
Benchmark yields, which move inversely to their prices, fell for a fifth straight week. The two-year note yield ended at its lowest since May following remarks from Federal Reserve officials signaling the U.S. central bank will keep short-term rates near zero in the foreseeable future.
Benchmark 10-year notes rose 5/32 in price for a 3.34 percent yield, down 2 basis points from late Thursday and 10 basis points lower than a week ago.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold jumped 1 percent on Friday, closing above $1,000 an ounce for the first time since March 2008 as a slumping dollar and inflation fears stirred investment demand for bullion.
Gold's breakout lifted prices of other precious metals, with silver and platinum both rallying to multi-month highs.
U.S. December gold futures settled up $9.60, or 1 percent, at $1,006.40 an ounce on the COMEX division of the New York Mercantile Exchange. The session high was $1,013.70, the highest price since Feb. 20.
Spot gold at $1,005.70 an ounce at 3:54 p.m. EDT (1954 GMT), against $995.50 late in New York on Thursday. Bullion's all-time high was at $1,030.80 set on March 17, 2008.
For related news, double click on
- - - -
BASE METALS
NEW YORK/LONDON - Copper closed down for the third straight day on Friday, as persistent concerns about overheated price levels and a lack of real demand weighed on sentiment, but support from a weak dollar prevented a sharper drop.
The copper price has been moving within a $500 range since the start of August as uncertainties about the pace of recovery limited momentum and left prices vulnerable to a correction after more than doubling since the start of the year.
Copper for December delivery on the New York Mercantile Exchange's COMEX division shed 3.00 cents to settle at $2.8465 a lb, after dealing in a $2.8250 to $2.9165 session range.
For a full report, double click on
- - - -
OIL
NEW YORK - U.S. crude oil fell nearly 4 percent toward $69 a barrel on Friday as U.S. equities struggled for traction, raising fears about the economy and a recovery in energy demand.
U.S. crude for October delivery settled down $2.65 at $69.29, after rising to $72.90 in earlier trade. London Brent crude settled down $2.17 at $67.69 a barrel.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.