(Adds Sydney outlook)
-----------------------(06:30 / 2030 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,948.09 +10.18 NZSX 50 3,310.25 +2.48
DJIA 10,997.35 +70.28 Nikkei 11,204.34 +36.14
NASDAQ 2,454.05 +17.24 FTSE 5,770.98 +58.28
S&P 500 1,194.37 +7.93 Hang Seng 21,867.04 +341.46
SPI 200 Fut 4,989.00 +19.00 CRB Index 276.13 +0.88
Bonds
AU 10 YR Bond 5.810 +0.015 US 10 YR Bond 3.883 +0.000
NZ 10 YR Bond 6.020 +0.000 US 30 YR Bond 4.739 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.9330 0.9285 NZD US$ 0.7157 0.7088
EUR US$ 1.3496 1.3388 Yen US$ 93.15 93.67
Commodities
Gold (Lon) 1152.50 Silver (Lon) 18.340
Gold (NY) 1159.90 Light Crude 84.92
Overnight market action to New York close on Friday.
EQUITIES
NEW YORK - U.S. stocks rose on Friday with the Dow surpassing
11,000 for the first time in a year-and-a
half after Chevron's upbeat outlook and wholesale inventories data reinforced bets on an improving economy.
The S&P energy sector, up 1.1 percent, led the market's advance. Chevron Corp climbed 2.4 percent to $79.50 a day after it said its refining and marketing arm would return to profit in the first quarter. For details, see .
The Dow Jones industrial average gained 70.28 points, or 0.64 percent, to end at 10,997.35. The Standard & Poor's 500 Index rose 7.93 points, or 0.67 percent, to 1,194.37. The Nasdaq Composite Index added 17.24 points, or 0.71 percent, to 2,454.05.
For a full report, double click on
- - - -
LONDON - Britain's leading shares gained 1 percent on Friday, driven higher by a bounce back from heavyweight commodity issues and banks as hopes for a sustained economic recovery picked up.
At the close, the FTSE 100 was up 58.28 points at 5,770.98, recovering all of Thursday's 0.9 percent fall, which had been the biggest single-day decline for six weeks.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average rose 0.3 percent on Friday, with gains in retailers offsetting profit-taking in the wake of the index's recent rally to 18-month highs.
The benchmark Nikkei rose 36.14 points to 11,204.34, recouping some ground after sliding 1.1 percent on Thursday for its biggest one-day percentage fall in about six weeks.
The broader Topix index rose 0.4 percent to 989.42.
For a full report, double click on
- - - -
SYDNEY - Australian shares are likely to gain on Monday, as an upbeat economic picture buoyed Wall Street, briefly lifting the Dow Jones past the signficant 11,000 mark for the first time since September 2008.
Share price index futures rose 19 points to 4,989 -- a 40.9 point premium to the close in the underlying index on Friday.
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro rose on Friday after an EU source said euro zone leaders had agreed to terms of a possible emergency loan aimed at helping Greece manage a worsening debt crisis.
The news allowed traders to shrug off a downgrade by Fitch of Greece's credit rating by two notches, to one grade above junk status. For more see.
Fitch Ratings cited Athens' fiscal challenges and uncertainty about how a European Union-International Monetary Fund aid program agreed last month would be applied.
The clarity on a rescue plan for Greece that emerged on Friday helped spark a rally that lifted the currency to just shy of $1.35, its highest since Monday. But traders said the longer-term outlook for the euro remained negative.
The euro rose 1 percent to $1.3490, well off a $1.3341 session trough. It gained 0.6 percent to 125.58 yen. The dollar slipped 0.2 percent to 93.19 yen.
Sterling rose to a six-week high near $1.54 and was last up 0.7 percent to $1.5376 while the Canadian dollar dipped to C$1.0040 per U.S. dollar after Canada reported that fewer jobs were added in March than economists had expected.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasury prices rose on Friday as possible aid for Greece failed to alley fears about its fiscal woes and traders raised bets long-dated bonds will fare better than short-dated debt.
Investors sought the safety of lower-risk U.S. government debt given the ever-changing situation with Greece. Euro zone officials agreed on the terms of a possible rescue package for Greece, while debt rating agency Fitch downgrade that nation's credit ratings. For more, see
The price on benchmark 10-year Treasuries was up
2/32 at 97
29/32, erasing initial losses. Their yield which moves inversely to their price was 3.88 percent, down from 3.89 percent late on Thursday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold prices rose to their highest level this year on Friday, above $1,160 an ounce, as a downgrade of Greece's debt renewed fears over the euro zone's financial stability, prompting a flight to safer investments.
The metal ended the week about 3 percent higher, which marked the biggest gain since the week of Jan. 10. Spot gold peaked at a four-month high at $1,164.35 an ounce, the firmest since Dec. 8. It was at $1,159.55 an ounce at 2:46 p.m. EDT (1846 GMT), against $1,150.15 late in New York on Thursday.
June gold futures settled up $9 at $1,161.90 an ounce on the COMEX division of the New York Mercantile Exchange.
For a full report, double click on
- - - -
BASE METALS
LONDON/NEW YORK - Copper ended up but away from earlier highs on Friday, with end-of-week positioning pulling values in London away from the key $8,000 level, but improved economic sentiment and a weaker dollar should help keep prices elevated near this week's 20-month peaks.
Aluminum hit an 18-month high, boosted by positive sentiment in metals generally, a pick up in demand for the metal and spot market tightness caused by financing deals that have tied up most of the aluminum stocks.
Copper for May delivery on the New York Mercantile Exchange's COMEX division ended up 0.35 cent at $3.59 per lb, after dealing between $3.5805 and $3.6235, about a penny below Tuesday's 20-month peak at $3.6385 per lb.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil prices fell for the third day in a row on Friday, retreating further from 18-month highs, as bloated inventories stoked concerns about weak demand and technical signals sparked a selloff.
The downturn erased early gains fueled by economic optimism and a weaker dollar.
Front-month U.S. crude fell 47 cents to settle at $84.92 a barrel, posting a tiny 5-cent gain on the week and finishing higher for the second straight week.
In London, ICE Brent crude closed up 2 cents at $84.83 a barrel, after two days of losses. For the week, Brent gained 82 cents and advanced for the second consecutive week.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
-----------------------(06:30 / 2030 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,948.09 +10.18 NZSX 50 3,310.25 +2.48
DJIA 10,997.35 +70.28 Nikkei 11,204.34 +36.14
NASDAQ 2,454.05 +17.24 FTSE 5,770.98 +58.28
S&P 500 1,194.37 +7.93 Hang Seng 21,867.04 +341.46
SPI 200 Fut 4,989.00 +19.00 CRB Index 276.13 +0.88
Bonds
AU 10 YR Bond 5.810 +0.015 US 10 YR Bond 3.883 +0.000
NZ 10 YR Bond 6.020 +0.000 US 30 YR Bond 4.739 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.9330 0.9285 NZD US$ 0.7157 0.7088
EUR US$ 1.3496 1.3388 Yen US$ 93.15 93.67
Commodities
Gold (Lon) 1152.50 Silver (Lon) 18.340
Gold (NY) 1159.90 Light Crude 84.92
Overnight market action to New York close on Friday.
EQUITIES
NEW YORK - U.S. stocks rose on Friday with the Dow surpassing
11,000 for the first time in a year-and-a
half after Chevron's upbeat outlook and wholesale inventories data reinforced bets on an improving economy.
The S&P energy sector, up 1.1 percent, led the market's advance. Chevron Corp climbed 2.4 percent to $79.50 a day after it said its refining and marketing arm would return to profit in the first quarter. For details, see .
The Dow Jones industrial average gained 70.28 points, or 0.64 percent, to end at 10,997.35. The Standard & Poor's 500 Index rose 7.93 points, or 0.67 percent, to 1,194.37. The Nasdaq Composite Index added 17.24 points, or 0.71 percent, to 2,454.05.
For a full report, double click on
- - - -
LONDON - Britain's leading shares gained 1 percent on Friday, driven higher by a bounce back from heavyweight commodity issues and banks as hopes for a sustained economic recovery picked up.
At the close, the FTSE 100 was up 58.28 points at 5,770.98, recovering all of Thursday's 0.9 percent fall, which had been the biggest single-day decline for six weeks.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average rose 0.3 percent on Friday, with gains in retailers offsetting profit-taking in the wake of the index's recent rally to 18-month highs.
The benchmark Nikkei rose 36.14 points to 11,204.34, recouping some ground after sliding 1.1 percent on Thursday for its biggest one-day percentage fall in about six weeks.
The broader Topix index rose 0.4 percent to 989.42.
For a full report, double click on
- - - -
SYDNEY - Australian shares are likely to gain on Monday, as an upbeat economic picture buoyed Wall Street, briefly lifting the Dow Jones past the signficant 11,000 mark for the first time since September 2008.
Share price index futures rose 19 points to 4,989 -- a 40.9 point premium to the close in the underlying index on Friday.
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro rose on Friday after an EU source said euro zone leaders had agreed to terms of a possible emergency loan aimed at helping Greece manage a worsening debt crisis.
The news allowed traders to shrug off a downgrade by Fitch of Greece's credit rating by two notches, to one grade above junk status. For more see.
Fitch Ratings cited Athens' fiscal challenges and uncertainty about how a European Union-International Monetary Fund aid program agreed last month would be applied.
The clarity on a rescue plan for Greece that emerged on Friday helped spark a rally that lifted the currency to just shy of $1.35, its highest since Monday. But traders said the longer-term outlook for the euro remained negative.
The euro rose 1 percent to $1.3490, well off a $1.3341 session trough. It gained 0.6 percent to 125.58 yen. The dollar slipped 0.2 percent to 93.19 yen.
Sterling rose to a six-week high near $1.54 and was last up 0.7 percent to $1.5376 while the Canadian dollar dipped to C$1.0040 per U.S. dollar after Canada reported that fewer jobs were added in March than economists had expected.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasury prices rose on Friday as possible aid for Greece failed to alley fears about its fiscal woes and traders raised bets long-dated bonds will fare better than short-dated debt.
Investors sought the safety of lower-risk U.S. government debt given the ever-changing situation with Greece. Euro zone officials agreed on the terms of a possible rescue package for Greece, while debt rating agency Fitch downgrade that nation's credit ratings. For more, see
The price on benchmark 10-year Treasuries was up
2/32 at 97
29/32, erasing initial losses. Their yield which moves inversely to their price was 3.88 percent, down from 3.89 percent late on Thursday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold prices rose to their highest level this year on Friday, above $1,160 an ounce, as a downgrade of Greece's debt renewed fears over the euro zone's financial stability, prompting a flight to safer investments.
The metal ended the week about 3 percent higher, which marked the biggest gain since the week of Jan. 10. Spot gold peaked at a four-month high at $1,164.35 an ounce, the firmest since Dec. 8. It was at $1,159.55 an ounce at 2:46 p.m. EDT (1846 GMT), against $1,150.15 late in New York on Thursday.
June gold futures settled up $9 at $1,161.90 an ounce on the COMEX division of the New York Mercantile Exchange.
For a full report, double click on
- - - -
BASE METALS
LONDON/NEW YORK - Copper ended up but away from earlier highs on Friday, with end-of-week positioning pulling values in London away from the key $8,000 level, but improved economic sentiment and a weaker dollar should help keep prices elevated near this week's 20-month peaks.
Aluminum hit an 18-month high, boosted by positive sentiment in metals generally, a pick up in demand for the metal and spot market tightness caused by financing deals that have tied up most of the aluminum stocks.
Copper for May delivery on the New York Mercantile Exchange's COMEX division ended up 0.35 cent at $3.59 per lb, after dealing between $3.5805 and $3.6235, about a penny below Tuesday's 20-month peak at $3.6385 per lb.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil prices fell for the third day in a row on Friday, retreating further from 18-month highs, as bloated inventories stoked concerns about weak demand and technical signals sparked a selloff.
The downturn erased early gains fueled by economic optimism and a weaker dollar.
Front-month U.S. crude fell 47 cents to settle at $84.92 a barrel, posting a tiny 5-cent gain on the week and finishing higher for the second straight week.
In London, ICE Brent crude closed up 2 cents at $84.83 a barrel, after two days of losses. For the week, Brent gained 82 cents and advanced for the second consecutive week.
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 2010. 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.