(Adds Sydney outlook)
-----------------------(06:32 / 2032 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,238.73 +1.26 NZSX 50 2,938.11 +4.29
DJIA 9,686.48 -46.05 Nikkei 9,203.71 +12.11
NASDAQ 2,091.79 -9.57 FTSE 4,838.09 +32.34
S&P 500 1,022.58 -4.79 Hang Seng 19,905.32 -223.67
SPI 200 Fut 4,213.00 -30.00 CRB Index 254.48 -1.73
Bonds
AU 10 YR Bond 5.095 +0.000 US 10 YR Bond 2.977 +0.000
NZ 10 YR Bond 5.440 +0.010 US 30 YR Bond 3.947 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8419 0.8454 NZD US$ 0.6879 0.6904
EUR US$ 1.2554 1.2487 Yen US$ 87.63 88.08
Commodities
Gold (Lon) 1201.50 Silver (Lon) 17.980
Gold (NY) 1211.95 Light Crude 72.14
Overnight market action with latest New York figures.
EQUITIES
NEW YORK - U.S. stocks fell on Friday to close out their worst week in two months as disappointing jobs data joined other recent evidence pointing to a tepid economic recovery.
Adding to stocks' weaker tone was a technical move that indicated more selling pressure may be ahead. The S&P 500's
50-day moving average broke below its 200
day moving average, a break known as the 'death cross.'
The Dow Jones industrial average dropped 46.05 points, or 0.47 percent, to 9,686.48. The Standard & Poor's 500 Index lost 4.79 points, or 0.47 percent, to 1,022.58. The Nasdaq Composite Index fell 9.57 points, or 0.46 percent, to 2,091.79.
For a full report, double click on
- - - -
LONDON - Britain's top share index edged higher by the close on Friday lifted by banks and commodity stocks, as U.S. jobs data highlighted the fragility of the economic recovery.
The FTSE 100 ended 32.34 points, or 0.7 percent at 4,838.09, having tumbled 2.3 percent on Thursday to hit its lowest close since Sept. 3, 2009. It lost 3.9 percent on the week.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei stock average clawed higher in choppy trade on Friday, holding just above a key retracement support level as concern about the strength of the global economic recovery mounted ahead of U.S. jobs data.
The technical picture was murky. The Nikkei's slow stochastic, a measure of how oversold the market is and whether it is in a short-term up or down trend, is deep in oversold territory but pointing slightly up, while its MACD, a measure of market momentum, continued to head lower.
The Nikkei benchmark moved in and out of negative territory but managed to end the day above 9,200 support, which is roughly a 50 percent retracement of the move up from its March 2009 low to its high in April.
It rose 0.1 percent or 12.11 points to 9,203.71, after rising as high as 9,259.14 at one stage. It shed 5.5 percent on the week, its worst week since late May.
The broader Topix rose 0.3 percent to 830.98.
For a full report, double click on
- - - -
SYDNEY - Australian shares are likely to slip on Monday on the disappointing U.S. jobs data, although losses will likely be limited by firmer base metal prices.
Share price index futures fell 30 points to 4213, a 25.7 point discount to the close in the underlying S&P/ASX 200 index.
- - - -
FOREIGN EXCHANGE
NEW YORK - The U.S. dollar slipped against the euro on Friday, extending the previous day's steep losses on concerns over the U.S. economic recovery after disappointing U.S. jobs data.
U.S. private payrolls rose less than expected in June and overall employment fell for the first time this year as thousands of temporary census jobs ended, indicating the economic recovery is failing to gain traction. For more details, click .
The euro rallied sharply against the dollar this week as investors looked past economic problems in the euro zone and instead focused on the possibility of a stalled economic recovery in the United States.
In late New York trading, the euro was at $1.2545, up 0.2 percent. The single currency rose as high as $1.2613, according to Reuters data, the first time over the 1.2600 level since May 21. On Thursday, the euro surged more than 2 percent in its biggest one-day advance since March last year.
For the week, the euro gained 1.4 percent against the dollar, reversing a loss from the previous week. It remained down 12.4 percent year-to-date.
The dollar was last at 87.80 yen, up 0.2 percent, after hitting a seven-month low on Thursday.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries fell on Friday, with longer-dated notes and the 30-year Treasury bond experiencing the largest drops in price, after the latest figures on U.S. employment were not as bad as had been feared, leading to a mild bout of profit-taking.
The economy shed 125,000 jobs in June, the first decline in payrolls this year. Market reaction was choppy, however, because much of the drop was due to the end of temporary jobs for workers hired for the government's census.
The benchmark 10-year note was last down 8/32 in price, yielding 2.98 percent versus Thursday's close of 2.94 percent.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold prices rebounded on Friday on technical strength and bargain hunting after double-dip recession fears triggered the biggest losses in six weeks in the previous session.
Gold was supported by a stronger euro against the dollar ahead of the U.S. Independence Day long weekend, even as crude oil was on track to fall almost 10 percent for the week after a larger-than-expected decline in June U.S. nonfarm payrolls.
Spot gold was at $1,207.20 an ounce at 2:12 p.m. EDT (1812 GMT) against $1,198.65 late in New York on Thursday. U.S. gold futures for August delivery settled $1 higher at $1,207.70.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper bounced on Friday, as the dollar fell against a basket of major currencies and investors digested key employment data in the United States.
Copper for September delivery on the COMEX metals division of the New York Mercantile Exchange ended up 3.90 cents, or nearly 1.4 percent, at $2.9160 per lb, after dealing between $2.8945 and $2.9580.
On the London Metal Exchange, benchmark copper was untraded at the close but last bid at $6,410 a tonne from $6,335 at the close on Thursday.
Copper found support from the dollar, which slipped against the euro after data showed a larger-than-expected drop in U.S. June nonfarm payrolls to 125,000, while the unemployment rate unexpectedly fell to 9.5 percent.
For a full report, double click on
- - - -
OIL
NEW YORK - U.S. crude oil prices fell a fifth straight day to a three-week low on Friday as bearish U.S. job data fanned fears of a double dip recession.
U.S. crude oil futures slipped 81 cents, or 1.11 percent, to settle at $72.14 a barrel, the weakest close since June 8. The $71.62 intraday low was the weakest since prices fell to $70.75 on June 8.
ICE Brent crude oil futures fell 69 cents, or 0.95 percent, to settle at $71.65, the weakest close since May 25.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
-----------------------(06:32 / 2032 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,238.73 +1.26 NZSX 50 2,938.11 +4.29
DJIA 9,686.48 -46.05 Nikkei 9,203.71 +12.11
NASDAQ 2,091.79 -9.57 FTSE 4,838.09 +32.34
S&P 500 1,022.58 -4.79 Hang Seng 19,905.32 -223.67
SPI 200 Fut 4,213.00 -30.00 CRB Index 254.48 -1.73
Bonds
AU 10 YR Bond 5.095 +0.000 US 10 YR Bond 2.977 +0.000
NZ 10 YR Bond 5.440 +0.010 US 30 YR Bond 3.947 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8419 0.8454 NZD US$ 0.6879 0.6904
EUR US$ 1.2554 1.2487 Yen US$ 87.63 88.08
Commodities
Gold (Lon) 1201.50 Silver (Lon) 17.980
Gold (NY) 1211.95 Light Crude 72.14
Overnight market action with latest New York figures.
EQUITIES
NEW YORK - U.S. stocks fell on Friday to close out their worst week in two months as disappointing jobs data joined other recent evidence pointing to a tepid economic recovery.
Adding to stocks' weaker tone was a technical move that indicated more selling pressure may be ahead. The S&P 500's
50-day moving average broke below its 200
day moving average, a break known as the 'death cross.'
The Dow Jones industrial average dropped 46.05 points, or 0.47 percent, to 9,686.48. The Standard & Poor's 500 Index lost 4.79 points, or 0.47 percent, to 1,022.58. The Nasdaq Composite Index fell 9.57 points, or 0.46 percent, to 2,091.79.
For a full report, double click on
- - - -
LONDON - Britain's top share index edged higher by the close on Friday lifted by banks and commodity stocks, as U.S. jobs data highlighted the fragility of the economic recovery.
The FTSE 100 ended 32.34 points, or 0.7 percent at 4,838.09, having tumbled 2.3 percent on Thursday to hit its lowest close since Sept. 3, 2009. It lost 3.9 percent on the week.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei stock average clawed higher in choppy trade on Friday, holding just above a key retracement support level as concern about the strength of the global economic recovery mounted ahead of U.S. jobs data.
The technical picture was murky. The Nikkei's slow stochastic, a measure of how oversold the market is and whether it is in a short-term up or down trend, is deep in oversold territory but pointing slightly up, while its MACD, a measure of market momentum, continued to head lower.
The Nikkei benchmark moved in and out of negative territory but managed to end the day above 9,200 support, which is roughly a 50 percent retracement of the move up from its March 2009 low to its high in April.
It rose 0.1 percent or 12.11 points to 9,203.71, after rising as high as 9,259.14 at one stage. It shed 5.5 percent on the week, its worst week since late May.
The broader Topix rose 0.3 percent to 830.98.
For a full report, double click on
- - - -
SYDNEY - Australian shares are likely to slip on Monday on the disappointing U.S. jobs data, although losses will likely be limited by firmer base metal prices.
Share price index futures fell 30 points to 4213, a 25.7 point discount to the close in the underlying S&P/ASX 200 index.
- - - -
FOREIGN EXCHANGE
NEW YORK - The U.S. dollar slipped against the euro on Friday, extending the previous day's steep losses on concerns over the U.S. economic recovery after disappointing U.S. jobs data.
U.S. private payrolls rose less than expected in June and overall employment fell for the first time this year as thousands of temporary census jobs ended, indicating the economic recovery is failing to gain traction. For more details, click .
The euro rallied sharply against the dollar this week as investors looked past economic problems in the euro zone and instead focused on the possibility of a stalled economic recovery in the United States.
In late New York trading, the euro was at $1.2545, up 0.2 percent. The single currency rose as high as $1.2613, according to Reuters data, the first time over the 1.2600 level since May 21. On Thursday, the euro surged more than 2 percent in its biggest one-day advance since March last year.
For the week, the euro gained 1.4 percent against the dollar, reversing a loss from the previous week. It remained down 12.4 percent year-to-date.
The dollar was last at 87.80 yen, up 0.2 percent, after hitting a seven-month low on Thursday.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries fell on Friday, with longer-dated notes and the 30-year Treasury bond experiencing the largest drops in price, after the latest figures on U.S. employment were not as bad as had been feared, leading to a mild bout of profit-taking.
The economy shed 125,000 jobs in June, the first decline in payrolls this year. Market reaction was choppy, however, because much of the drop was due to the end of temporary jobs for workers hired for the government's census.
The benchmark 10-year note was last down 8/32 in price, yielding 2.98 percent versus Thursday's close of 2.94 percent.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold prices rebounded on Friday on technical strength and bargain hunting after double-dip recession fears triggered the biggest losses in six weeks in the previous session.
Gold was supported by a stronger euro against the dollar ahead of the U.S. Independence Day long weekend, even as crude oil was on track to fall almost 10 percent for the week after a larger-than-expected decline in June U.S. nonfarm payrolls.
Spot gold was at $1,207.20 an ounce at 2:12 p.m. EDT (1812 GMT) against $1,198.65 late in New York on Thursday. U.S. gold futures for August delivery settled $1 higher at $1,207.70.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper bounced on Friday, as the dollar fell against a basket of major currencies and investors digested key employment data in the United States.
Copper for September delivery on the COMEX metals division of the New York Mercantile Exchange ended up 3.90 cents, or nearly 1.4 percent, at $2.9160 per lb, after dealing between $2.8945 and $2.9580.
On the London Metal Exchange, benchmark copper was untraded at the close but last bid at $6,410 a tonne from $6,335 at the close on Thursday.
Copper found support from the dollar, which slipped against the euro after data showed a larger-than-expected drop in U.S. June nonfarm payrolls to 125,000, while the unemployment rate unexpectedly fell to 9.5 percent.
For a full report, double click on
- - - -
OIL
NEW YORK - U.S. crude oil prices fell a fifth straight day to a three-week low on Friday as bearish U.S. job data fanned fears of a double dip recession.
U.S. crude oil futures slipped 81 cents, or 1.11 percent, to settle at $72.14 a barrel, the weakest close since June 8. The $71.62 intraday low was the weakest since prices fell to $70.75 on June 8.
ICE Brent crude oil futures fell 69 cents, or 0.95 percent, to settle at $71.65, the weakest close since May 25.
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.