-----------------------(07:20 / 2120 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,505.45 +70.14 NZSX 50 3,042.67 +1.40
DJIA 10,190.89 -20.18 Nikkei 0,000.00 +0.00
NASDAQ 2,243.96 +0.36 FTSE 5,202.13 +38.45
S&P 500 1,089.63 -1.97 Hang Seng 19,872.38 +179.53
SPI 200 Fut 4,531.00 +5.00 CRB Index 259.98 +4.06
Bonds (Yield)
AU 10 YR Bond 5.380 -0.010 US 10 YR Bond 3.262 +0.029
NZ 10 YR Bond 5.535 +0.005 US 30 YR Bond 4.186 +0.035
Currencies (Prev at 7pm NZST)
AUD US$ 0.8573 0.8556 NZD US$ 0.6940 0.6933
EUR US$ 1.2217 1.2175 Yen US$ 91.57 91.72
Commodities
Gold (Lon) 1223.75 Silver (Lon) 18.430
Gold (NY) 1225.40 Light Crude 74.75
Overnight market action with latest New York figures.
EQUITIES
NEW YORK - U.S. stocks ended little changed in a low-volume session on Monday after a downgrade of Greece's debt took the wind out of the market's sails.
Equities have been sensitive to debt problems in Greece and other European nations in recent months on concerns the euro zone's fiscal problems will hamper a global economic recovery.
Cyclical sectors such as materials and financials that benefit from signs of a strong economy gave up much of their earlier gains. Dow component DuPont Co fell 2 percent to $36.86. JPMorgan Chase also lost 2 percent, ending at $37.33. The KBW index fell 0.8 percent.
For a full report, double click on
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LONDON - Britain's top share index closed higher on Monday for a fourth straight day, led by miners buoyed by firmer metals prices and offsetting a sharp fall in BP.
The FTSE 100 index closed up 38.45 points, or 0.7 percent, at 5,202.13, its highest close since June 3.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average climbed 1.8 percent on Monday, ending near a key resistance level as short-covering emerged on a sense that the market had been oversold, with investors also taking heart from gains in the euro.
The benchmark index stopped short of breaking above its
25
day moving average at the close, but eyes are now on key psychological resistance at 10,000, as well as filling in the last remnant of a gap opened in May when the Nikkei fell suddenly.
In light trade, the benchmark Nikkei climbed 174.60 points to 9,879.85, its highest finish in about a week and slightly missing its 25-day moving average of just above 9,880.
The broader Topix gained 1.4 percent to 878.56.
For a full report, double click on
- - - -
SYDNEY - Australian shares are seen mixed with nervousness in Wall Street playing into invesors minds but strong metal prices are likely to help miners.
Australian share index futures rose 5 points to 4,531, a 25.5 point premium to the close of the underlying S&P/ASX 200 on Friday.
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FOREIGN EXCHANGE
NEW YORK - The euro rose on Monday as economic data eased concern about Europe's recovery and sparked traders to buy higher-risk assets such as stocks and to reduce bets against the euro zone's single currency.
Europe's problems did not recede from view entirely. After coming within a breath of $1.23, its highest level since early June, the euro pared gains after Moody's cut Greece's credit rating to junk status and said the country faced substantial risks. For more see.
The euro rose 0.9 percent at $1.2225, off a session peak of $1.2298, and European stocks closed at a one-month high.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries eased on Monday in light trading volume as early strength in stocks undermined the safe-haven appeal of lower risk U.S. government debt.
Benchmark 10-year Treasury notes traded 5/32 lower in price to yield 3.26 percent, up from 3.24 percent late on Friday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold settled lower on Monday but rebounded in late business to bounce above $1,220 an ounce, after another downgrade to Greece's credit rating reawakened fears about excessive debt levels in several euro zone countries.
Spot gold was bid at $1,222.15 an ounce at 1;41 p.m. EDT (1741 GMT), down from $1,225.40 late in New York on Friday. U.S. gold futures for August delivery cut losses by half, settling down $5.70 at $1,224.50.
For a full report, double click on
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BASE METALS
NEW YORK/LONDON - Copper rose to its highest price in over a week on Monday, briefly surpassing $3 per lb in New York trading, on renewed optimism about the global economy.
Copper for July delivery on the New York Mercantile Exchange's COMEX division gained 8.80 cents, or 3 percent, to end at $2.9920 per lb, moving from $2.8680 to $3.0230, a high dating back to June 3.
For a full report, double click on
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OIL
NEW YORK - U.S. oil prices rose on Monday as uplifting economic news from Europe fed optimism about the global economy and outweighed a downgrade of Greece's debt.
U.S. crude for July rose $1.34, or 1.82 percent, to settle at $75.12 a barrel after an early $75.99 intraday peak.
London's ICE Brent for July delivery rose 85 cents to settle at $75.20 a barrel. The Brent July contract expires on Tuesday.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stock Markets
S&P/ASX 200 4,505.45 +70.14 NZSX 50 3,042.67 +1.40
DJIA 10,190.89 -20.18 Nikkei 0,000.00 +0.00
NASDAQ 2,243.96 +0.36 FTSE 5,202.13 +38.45
S&P 500 1,089.63 -1.97 Hang Seng 19,872.38 +179.53
SPI 200 Fut 4,531.00 +5.00 CRB Index 259.98 +4.06
Bonds (Yield)
AU 10 YR Bond 5.380 -0.010 US 10 YR Bond 3.262 +0.029
NZ 10 YR Bond 5.535 +0.005 US 30 YR Bond 4.186 +0.035
Currencies (Prev at 7pm NZST)
AUD US$ 0.8573 0.8556 NZD US$ 0.6940 0.6933
EUR US$ 1.2217 1.2175 Yen US$ 91.57 91.72
Commodities
Gold (Lon) 1223.75 Silver (Lon) 18.430
Gold (NY) 1225.40 Light Crude 74.75
Overnight market action with latest New York figures.
EQUITIES
NEW YORK - U.S. stocks ended little changed in a low-volume session on Monday after a downgrade of Greece's debt took the wind out of the market's sails.
Equities have been sensitive to debt problems in Greece and other European nations in recent months on concerns the euro zone's fiscal problems will hamper a global economic recovery.
Cyclical sectors such as materials and financials that benefit from signs of a strong economy gave up much of their earlier gains. Dow component DuPont Co fell 2 percent to $36.86. JPMorgan Chase also lost 2 percent, ending at $37.33. The KBW index fell 0.8 percent.
For a full report, double click on
- - - -
LONDON - Britain's top share index closed higher on Monday for a fourth straight day, led by miners buoyed by firmer metals prices and offsetting a sharp fall in BP.
The FTSE 100 index closed up 38.45 points, or 0.7 percent, at 5,202.13, its highest close since June 3.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average climbed 1.8 percent on Monday, ending near a key resistance level as short-covering emerged on a sense that the market had been oversold, with investors also taking heart from gains in the euro.
The benchmark index stopped short of breaking above its
25
day moving average at the close, but eyes are now on key psychological resistance at 10,000, as well as filling in the last remnant of a gap opened in May when the Nikkei fell suddenly.
In light trade, the benchmark Nikkei climbed 174.60 points to 9,879.85, its highest finish in about a week and slightly missing its 25-day moving average of just above 9,880.
The broader Topix gained 1.4 percent to 878.56.
For a full report, double click on
- - - -
SYDNEY - Australian shares are seen mixed with nervousness in Wall Street playing into invesors minds but strong metal prices are likely to help miners.
Australian share index futures rose 5 points to 4,531, a 25.5 point premium to the close of the underlying S&P/ASX 200 on Friday.
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro rose on Monday as economic data eased concern about Europe's recovery and sparked traders to buy higher-risk assets such as stocks and to reduce bets against the euro zone's single currency.
Europe's problems did not recede from view entirely. After coming within a breath of $1.23, its highest level since early June, the euro pared gains after Moody's cut Greece's credit rating to junk status and said the country faced substantial risks. For more see.
The euro rose 0.9 percent at $1.2225, off a session peak of $1.2298, and European stocks closed at a one-month high.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries eased on Monday in light trading volume as early strength in stocks undermined the safe-haven appeal of lower risk U.S. government debt.
Benchmark 10-year Treasury notes traded 5/32 lower in price to yield 3.26 percent, up from 3.24 percent late on Friday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold settled lower on Monday but rebounded in late business to bounce above $1,220 an ounce, after another downgrade to Greece's credit rating reawakened fears about excessive debt levels in several euro zone countries.
Spot gold was bid at $1,222.15 an ounce at 1;41 p.m. EDT (1741 GMT), down from $1,225.40 late in New York on Friday. U.S. gold futures for August delivery cut losses by half, settling down $5.70 at $1,224.50.
For a full report, double click on
- - - -
BASE METALS
NEW YORK/LONDON - Copper rose to its highest price in over a week on Monday, briefly surpassing $3 per lb in New York trading, on renewed optimism about the global economy.
Copper for July delivery on the New York Mercantile Exchange's COMEX division gained 8.80 cents, or 3 percent, to end at $2.9920 per lb, moving from $2.8680 to $3.0230, a high dating back to June 3.
For a full report, double click on
- - - -
OIL
NEW YORK - U.S. oil prices rose on Monday as uplifting economic news from Europe fed optimism about the global economy and outweighed a downgrade of Greece's debt.
U.S. crude for July rose $1.34, or 1.82 percent, to settle at $75.12 a barrel after an early $75.99 intraday peak.
London's ICE Brent for July delivery rose 85 cents to settle at $75.20 a barrel. The Brent July contract expires on Tuesday.
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.