(Adds Sydney outlook)
-----------------------(06:30 / 2030 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,305.44 -11.01 NZSX 50 3,050.08 -61.33
DJIA 10,193.39 +125.38 Nikkei 9,784.54 -245.77
NASDAQ 2,229.04 +25.03 FTSE 5,062.93 -10.20
S&P 500 1,087.69 +16.10 Hang Seng 19,578.98 -33.15
SPI 200 Fut 4,358.00 +58.00 CRB Index 251.42 +1.35
Bonds
AU 10 YR Bond 5.392 +0.005 US 10 YR Bond 3.236 +0.000
NZ 10 YR Bond 5.650 +0.000 US 30 YR Bond 4.101 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8324 0.8267 NZD US$ 0.6782 0.6683
EUR US$ 1.2570 1.2550 Yen US$ 90.00 90.21
Commodities
Gold (Lon) 1179.75 Silver (Lon) 17.720
Gold (NY) 1175.15 Light Crude 70.30
Overnight market action to New York close on Friday.
EQUITIES
NEW YORK - U.S. stocks snapped a three-day losing streak on Friday as investors bought beaten-down shares including banks on bets the financial regulation bill won't be as onerous as some had feared.
Nonetheless, the benchmark S&P 500 index was down 10.6 percent from its April 23 high in what is traditionally considered a correction as investors fled risky assets on fears the euro zone's debt crisis will crimp global growth.
The Dow Jones industrial average gained 125.38 points, or 1.25 percent, to 10,193.39. The Standard & Poor's 500 Index jumped 16.10 points, or 1.50 percent, to 1,087.69. The Nasdaq Composite Index rose 25.03 points, or 1.14 percent, to 2,229.04.
For a full report, double click on
- - - -
LONDON - Britain's top share index fell for a third straight day on Friday, and briefly dipped below 5,000 in volatile trade as euro zone sovereign debt concerns plagued sentiment, but the market recovered ground in late trade.
Swinging violently, the FTSE 100 fell as much as 116 points, to fall below 5,000 for the first time since November before reclaiming ground in afternoon trade to close 10.20 points or 0.2 percent lower at 5,062.93.
The index has lost more than 13 percent since fears escalated about the euro zone sovereign debt crisis in mid-April and is down 6.5 percent so far this year after a 22 percent gain in 2009.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average posted its biggest weekly drop in more than a year on Friday, as investors reduced holdings of riskier assets including equities on deepening worries about disunity in the euro zone on its debt crisis.
A lack of policy coordination in Europe and fears that Germany may force weaker euro zone members out have rattled investors, leading them to cut back on positions in riskier assets and boost cash holdings while they wait for calm to return to the market.
The benchmark Nikkei ended Friday down 2.5 percent at 9,784.54, its lowest close in more than five months. The broader Topix fell 2.1 percent to 879.69.
For a full report, double click on
- - - -
SYDNEY - Australian shares are seeen slightly higher on Monday as U.S. stocks recovered on the back of bargain hunting, and metal prices firmed.
Share price index futures rose 58 points to 4358, a 52.6 point premium to the underlying index's close on Friday, when it fell 0.3 percent.
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro rose on Friday, heading for its first weekly gain versus the U.S. dollar in six weeks as investors who had bet on the currency's fall bought it back on fears of central bank intervention.
The Australian dollar jumped on speculation Australia's central bank may step in to support the currency. The Aussie is on track for its biggest weekly drop since October 2008, hammered by worries the euro zone debt crisis could hinder a global economic recovery.
The euro gained for a third straight session after German lawmakers approved their country's contribution to a nearly $1 trillion bailout package, and European finance ministers supported calls for new and tougher sanctions against countries that break EU budget rule.
In late New York trading, the euro rose 0.9 percent to $1.2575 after climbing as high as $1.2673 on electronic trading platform EBS. It is poised to end the week 1.8 percent higher against the dollar, following five weeks of losses.
The euro has fallen roughly 5.4 percent against the dollar this month. Its steep decline has cranked up speculation European officials may be concerned about its level.
The Australian dollar rose 1.9 percent against the U.S. dollar to $0.8314, pulling back from its lowest level since July 2009, hit on Thursday, and on track for a weekly loss of 6.2 percent. It was also up 4.1 percent against the yen AUDJPY=R>.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasury debt prices swung in and out of positive territory on Friday before ending slightly lower, as gains in the U.S. stock market dampened demand for safe-haven U.S. government debt.
Major stock indexes swung wildly -- losing, then gaining more than 1 percent for the day. Treasuries tracked stocks closely and an early rally was erased.
As investors worried that economic growth would slow in the second half of the year, demand for safe-haven debt drove 30-year bond yields down from 4.34 percent late last week to just below 4 percent early Friday.
Ten-year notes, which yielded 3.46 percent late last week, fell early in the trading day to below 3.18 percent. Late on Friday, the 10-year note was off 2/32 in price to yield 3.22 percent.
For a full report, double click on
- - - -
COMMODITIES
GOLD
LONDON/NEW YORK - Gold ended down for the fifth straight day on Friday, suffering its worst weekly performance in almost 15 months, as improved demand for 'riskier' assets dampened its safe-haven demand bid.
Platinum and palladium recovered sharply from losses that took them to 3-½ month lows, but still ran their biggest weekly percentage loss since late 2008, amid hefty fund liquidation.
Spot gold was bid at $1,177.35 an ounce at 1842 GMT, against $1,181.10 late in New York on Thursday.
U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange shed $12.50 to settle at $1,176.10 an ounce, after dealing in $1,166 to $1,188 session range.
For a full report, double click on
- - - -
BASE METALS
NEW YORK/LONDON - Copper rallied on Friday, extending a bounce from the previous session's near 4-month low with the help of a retreating dollar, but further gains looked fragile as European debt fears lingered.
Copper for July delivery on the New York Mercantile Exchange's COMEX division jumped 11.65 cents, or nearly 4 percent, to finish at $3.0610 per lb, near the upper end of its $2.9415 to $3.1145 session range.
On the London Metal Exchange, copper for three-months delivery ended at $6,845 a tonne from a close of $6,610 on Thursday, when prices in both markets sank to their lowest levels since early February -- $2.9005 in New York and $6,415 in London.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil prices fell on Friday as increasing stockpiles of crude and oil products in the United States undercut the economic optimism that boosted equities markets.
Front-month U.S. crude futures fell 76 cents to settle at $70.04 a barrel, erasing gains from earlier. Crude prices have fallen in eight of the last nine trading days, and have plunged from a 2010 high near $90 a barrel in early May.
London Brent crude closed down 16 cents at $71.68 a barrel.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
-----------------------(06:30 / 2030 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,305.44 -11.01 NZSX 50 3,050.08 -61.33
DJIA 10,193.39 +125.38 Nikkei 9,784.54 -245.77
NASDAQ 2,229.04 +25.03 FTSE 5,062.93 -10.20
S&P 500 1,087.69 +16.10 Hang Seng 19,578.98 -33.15
SPI 200 Fut 4,358.00 +58.00 CRB Index 251.42 +1.35
Bonds
AU 10 YR Bond 5.392 +0.005 US 10 YR Bond 3.236 +0.000
NZ 10 YR Bond 5.650 +0.000 US 30 YR Bond 4.101 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8324 0.8267 NZD US$ 0.6782 0.6683
EUR US$ 1.2570 1.2550 Yen US$ 90.00 90.21
Commodities
Gold (Lon) 1179.75 Silver (Lon) 17.720
Gold (NY) 1175.15 Light Crude 70.30
Overnight market action to New York close on Friday.
EQUITIES
NEW YORK - U.S. stocks snapped a three-day losing streak on Friday as investors bought beaten-down shares including banks on bets the financial regulation bill won't be as onerous as some had feared.
Nonetheless, the benchmark S&P 500 index was down 10.6 percent from its April 23 high in what is traditionally considered a correction as investors fled risky assets on fears the euro zone's debt crisis will crimp global growth.
The Dow Jones industrial average gained 125.38 points, or 1.25 percent, to 10,193.39. The Standard & Poor's 500 Index jumped 16.10 points, or 1.50 percent, to 1,087.69. The Nasdaq Composite Index rose 25.03 points, or 1.14 percent, to 2,229.04.
For a full report, double click on
- - - -
LONDON - Britain's top share index fell for a third straight day on Friday, and briefly dipped below 5,000 in volatile trade as euro zone sovereign debt concerns plagued sentiment, but the market recovered ground in late trade.
Swinging violently, the FTSE 100 fell as much as 116 points, to fall below 5,000 for the first time since November before reclaiming ground in afternoon trade to close 10.20 points or 0.2 percent lower at 5,062.93.
The index has lost more than 13 percent since fears escalated about the euro zone sovereign debt crisis in mid-April and is down 6.5 percent so far this year after a 22 percent gain in 2009.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average posted its biggest weekly drop in more than a year on Friday, as investors reduced holdings of riskier assets including equities on deepening worries about disunity in the euro zone on its debt crisis.
A lack of policy coordination in Europe and fears that Germany may force weaker euro zone members out have rattled investors, leading them to cut back on positions in riskier assets and boost cash holdings while they wait for calm to return to the market.
The benchmark Nikkei ended Friday down 2.5 percent at 9,784.54, its lowest close in more than five months. The broader Topix fell 2.1 percent to 879.69.
For a full report, double click on
- - - -
SYDNEY - Australian shares are seeen slightly higher on Monday as U.S. stocks recovered on the back of bargain hunting, and metal prices firmed.
Share price index futures rose 58 points to 4358, a 52.6 point premium to the underlying index's close on Friday, when it fell 0.3 percent.
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro rose on Friday, heading for its first weekly gain versus the U.S. dollar in six weeks as investors who had bet on the currency's fall bought it back on fears of central bank intervention.
The Australian dollar jumped on speculation Australia's central bank may step in to support the currency. The Aussie is on track for its biggest weekly drop since October 2008, hammered by worries the euro zone debt crisis could hinder a global economic recovery.
The euro gained for a third straight session after German lawmakers approved their country's contribution to a nearly $1 trillion bailout package, and European finance ministers supported calls for new and tougher sanctions against countries that break EU budget rule.
In late New York trading, the euro rose 0.9 percent to $1.2575 after climbing as high as $1.2673 on electronic trading platform EBS. It is poised to end the week 1.8 percent higher against the dollar, following five weeks of losses.
The euro has fallen roughly 5.4 percent against the dollar this month. Its steep decline has cranked up speculation European officials may be concerned about its level.
The Australian dollar rose 1.9 percent against the U.S. dollar to $0.8314, pulling back from its lowest level since July 2009, hit on Thursday, and on track for a weekly loss of 6.2 percent. It was also up 4.1 percent against the yen AUDJPY=R>.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasury debt prices swung in and out of positive territory on Friday before ending slightly lower, as gains in the U.S. stock market dampened demand for safe-haven U.S. government debt.
Major stock indexes swung wildly -- losing, then gaining more than 1 percent for the day. Treasuries tracked stocks closely and an early rally was erased.
As investors worried that economic growth would slow in the second half of the year, demand for safe-haven debt drove 30-year bond yields down from 4.34 percent late last week to just below 4 percent early Friday.
Ten-year notes, which yielded 3.46 percent late last week, fell early in the trading day to below 3.18 percent. Late on Friday, the 10-year note was off 2/32 in price to yield 3.22 percent.
For a full report, double click on
- - - -
COMMODITIES
GOLD
LONDON/NEW YORK - Gold ended down for the fifth straight day on Friday, suffering its worst weekly performance in almost 15 months, as improved demand for 'riskier' assets dampened its safe-haven demand bid.
Platinum and palladium recovered sharply from losses that took them to 3-½ month lows, but still ran their biggest weekly percentage loss since late 2008, amid hefty fund liquidation.
Spot gold was bid at $1,177.35 an ounce at 1842 GMT, against $1,181.10 late in New York on Thursday.
U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange shed $12.50 to settle at $1,176.10 an ounce, after dealing in $1,166 to $1,188 session range.
For a full report, double click on
- - - -
BASE METALS
NEW YORK/LONDON - Copper rallied on Friday, extending a bounce from the previous session's near 4-month low with the help of a retreating dollar, but further gains looked fragile as European debt fears lingered.
Copper for July delivery on the New York Mercantile Exchange's COMEX division jumped 11.65 cents, or nearly 4 percent, to finish at $3.0610 per lb, near the upper end of its $2.9415 to $3.1145 session range.
On the London Metal Exchange, copper for three-months delivery ended at $6,845 a tonne from a close of $6,610 on Thursday, when prices in both markets sank to their lowest levels since early February -- $2.9005 in New York and $6,415 in London.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil prices fell on Friday as increasing stockpiles of crude and oil products in the United States undercut the economic optimism that boosted equities markets.
Front-month U.S. crude futures fell 76 cents to settle at $70.04 a barrel, erasing gains from earlier. Crude prices have fallen in eight of the last nine trading days, and have plunged from a 2010 high near $90 a barrel in early May.
London Brent crude closed down 16 cents at $71.68 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 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.