-----------------------(07:10 / 1910 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,422.74 -19.82 NZSX 50 2,985.76 -16.56
DJIA 10,097.90 -261.41 Nikkei 9,408.36 -277.17
NASDAQ 2,179.05 -70.03 FTSE 5,158.85 -52.44
S&P 500 1,064.88 -31.60 Hang Seng 20,250.16 -5.46
SPI 200 Fut 4,327.00 -79.00 CRB Index 262.22 -1.99
Bonds
AU 10 YR Bond 5.117 +0.050 US 10 YR Bond 2.927 +0.000
NZ 10 YR Bond 5.415 +0.000 US 30 YR Bond 3.940 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8688 0.8762 NZD US$ 0.7104 0.7173
EUR US$ 1.2933 1.2896 Yen US$ 86.65 87.21
Commodities
Gold (Lon) 1189.25 Silver (Lon) 18.250
Gold (NY) 1190.15 Light Crude 76.00
Market action to New York close on Friday.
EQUITIES
NEW YORK - Dismal consumer sentiment data and anemic revenues from GE and two big banks slammed U.S. stocks on Friday, driving down major indexes more than 2 percent.
The slide in the S&P 500 was a decisive break of an 8 percent rise over the last two weeks as investors lost hope that strong earnings could overcome doubts about the economic outlook.
The Dow Jones industrial average dropped 261.41 points, or 2.52 percent, to 10,097.90. The Standard & Poor's 500 Index slid 31.60 points, or 2.88 percent, to 1,064.88. The Nasdaq Composite Index lost 70.03 points, or 3.11 percent, to 2,179.05.
For a full report, double click on
- - - -
LONDON - Weaker banks, dented by lacklustre results from U.S. peers, dragged Britain's top share index to the lowest close in a week on Friday while commodity stocks also retreated on a gloomy macro-economic outlook.
Strength from BP, up 1.3 percent, limited losses. Its stricken oil well showed no sign of leaking after a new cap stopped crude from flowing into the Gulf of Mexico for the first time since April.
The FTSE 100 ended down 52.44 points or 1 percent at 5,158.85, having closed 0.8 percent lower at 5,211.29 on Thursday.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average fell nearly 3 percent on Friday for its worst one-day percentage loss in over a month as investors took profits before a long weekend, worried that the yen could rise further towards 15-year highs against the dollar.
For a full report, double click on
- - - -
SYDNEY - Australian shares are likely to slide on Monday, after weak data and poor earnings hit Wall St, and sent base metal prices lower.
Share price index futures slid 79 points to 4327, a 95.7 point discount to the underlying index close on Friday.
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro stepped back after touching a two-month high versus a broadly weaker dollar on Friday as investors bet that gains supported by rising European money market rates were overdone.
A private survey showing U.S. consumer sentiment weakened in early July to an 11-month low added to negative sentiment on the greenback and drove the dollar to a seven-month low against the yen. For more see.
Reports on U.S. consumer price inflation and capital flows into the United States did little to change investor sentiment. See and.
In late afternoon trade in New York, the euro was nearly flat at $1.2935, after earlier rising to a two-month high of $1.3008 on electronic trading platform EBS.
The dollar was down 1 percent at 86.62 yen after falling as low as 86.27 yen on EBS.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries prices rose on Friday as data showing falling inflation and tumbling consumer sentiment enhanced the allure of safe-haven government bonds.
Reports showed the annual rate of inflation fell in June, coinciding with the third straight monthly decline in consumer prices, while consumer sentiment tumbled, adding to evidence the economy is fizzling. For details see.
Bad news for the economy is good news for bonds, and the benchmark 10-year note traded 17/32 higher in price to yield 2.93 percent from 3.00 percent late on Thursday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold dropped to its lowest level in more than a week on Friday, as weak U.S. inflation data and heavy inflows to government bonds from the equity market prompted funds to sell the metal.
A fresh outflow from the world's largest gold exchange traded fund and a report showing weak energy costs pushing US consumer prices lower for a third straight month have undermined appetite for the precious metal.
Spot gold slipped as low as $1,185.85 an ounce and was at $1,189.65 an ounce at 2:39 p.m. EDT (1839 GMT), against $1,207.75 late in New York on Thursday. U.S. gold futures for August delivery settled down $20.10, or 1.7 percent, at $1,188.20.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper fell to its lowest level in about two weeks on Friday after a double-dose of data from the United States raised fears of a double-dip recession in the world's largest economy.
Copper for September delivery on the COMEX metals division of the New York Mercantile Exchange plunged 8.25 cents, or 2.7 percent, to finish at $2.9295 per lb, its lowest level on a settlement basis since July 2.
On the London Metal Exchange, benchmark copper shed $195 to end at $6,485 per tonne. In after hours business, selling momentum dragged it down further to $6,477 per tonne, a low dating back to July 6.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil fell to around $76 a barrel on Friday, dropping alongside equities markets as weak U.S. consumer sentiment and falling consumer prices lowered investor appetite for risk.
U.S. crude for August settled down 61 cents to $76.01 a barrel, closing the week 8 cents lower than the previous week. Prices reached an interday high of $77.15.
London Brent's new front-month September crude oil futures contract was down 72 cents to $75.37.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stock Markets
S&P/ASX 200 4,422.74 -19.82 NZSX 50 2,985.76 -16.56
DJIA 10,097.90 -261.41 Nikkei 9,408.36 -277.17
NASDAQ 2,179.05 -70.03 FTSE 5,158.85 -52.44
S&P 500 1,064.88 -31.60 Hang Seng 20,250.16 -5.46
SPI 200 Fut 4,327.00 -79.00 CRB Index 262.22 -1.99
Bonds
AU 10 YR Bond 5.117 +0.050 US 10 YR Bond 2.927 +0.000
NZ 10 YR Bond 5.415 +0.000 US 30 YR Bond 3.940 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8688 0.8762 NZD US$ 0.7104 0.7173
EUR US$ 1.2933 1.2896 Yen US$ 86.65 87.21
Commodities
Gold (Lon) 1189.25 Silver (Lon) 18.250
Gold (NY) 1190.15 Light Crude 76.00
Market action to New York close on Friday.
EQUITIES
NEW YORK - Dismal consumer sentiment data and anemic revenues from GE and two big banks slammed U.S. stocks on Friday, driving down major indexes more than 2 percent.
The slide in the S&P 500 was a decisive break of an 8 percent rise over the last two weeks as investors lost hope that strong earnings could overcome doubts about the economic outlook.
The Dow Jones industrial average dropped 261.41 points, or 2.52 percent, to 10,097.90. The Standard & Poor's 500 Index slid 31.60 points, or 2.88 percent, to 1,064.88. The Nasdaq Composite Index lost 70.03 points, or 3.11 percent, to 2,179.05.
For a full report, double click on
- - - -
LONDON - Weaker banks, dented by lacklustre results from U.S. peers, dragged Britain's top share index to the lowest close in a week on Friday while commodity stocks also retreated on a gloomy macro-economic outlook.
Strength from BP, up 1.3 percent, limited losses. Its stricken oil well showed no sign of leaking after a new cap stopped crude from flowing into the Gulf of Mexico for the first time since April.
The FTSE 100 ended down 52.44 points or 1 percent at 5,158.85, having closed 0.8 percent lower at 5,211.29 on Thursday.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average fell nearly 3 percent on Friday for its worst one-day percentage loss in over a month as investors took profits before a long weekend, worried that the yen could rise further towards 15-year highs against the dollar.
For a full report, double click on
- - - -
SYDNEY - Australian shares are likely to slide on Monday, after weak data and poor earnings hit Wall St, and sent base metal prices lower.
Share price index futures slid 79 points to 4327, a 95.7 point discount to the underlying index close on Friday.
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro stepped back after touching a two-month high versus a broadly weaker dollar on Friday as investors bet that gains supported by rising European money market rates were overdone.
A private survey showing U.S. consumer sentiment weakened in early July to an 11-month low added to negative sentiment on the greenback and drove the dollar to a seven-month low against the yen. For more see.
Reports on U.S. consumer price inflation and capital flows into the United States did little to change investor sentiment. See and.
In late afternoon trade in New York, the euro was nearly flat at $1.2935, after earlier rising to a two-month high of $1.3008 on electronic trading platform EBS.
The dollar was down 1 percent at 86.62 yen after falling as low as 86.27 yen on EBS.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries prices rose on Friday as data showing falling inflation and tumbling consumer sentiment enhanced the allure of safe-haven government bonds.
Reports showed the annual rate of inflation fell in June, coinciding with the third straight monthly decline in consumer prices, while consumer sentiment tumbled, adding to evidence the economy is fizzling. For details see.
Bad news for the economy is good news for bonds, and the benchmark 10-year note traded 17/32 higher in price to yield 2.93 percent from 3.00 percent late on Thursday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold dropped to its lowest level in more than a week on Friday, as weak U.S. inflation data and heavy inflows to government bonds from the equity market prompted funds to sell the metal.
A fresh outflow from the world's largest gold exchange traded fund and a report showing weak energy costs pushing US consumer prices lower for a third straight month have undermined appetite for the precious metal.
Spot gold slipped as low as $1,185.85 an ounce and was at $1,189.65 an ounce at 2:39 p.m. EDT (1839 GMT), against $1,207.75 late in New York on Thursday. U.S. gold futures for August delivery settled down $20.10, or 1.7 percent, at $1,188.20.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper fell to its lowest level in about two weeks on Friday after a double-dose of data from the United States raised fears of a double-dip recession in the world's largest economy.
Copper for September delivery on the COMEX metals division of the New York Mercantile Exchange plunged 8.25 cents, or 2.7 percent, to finish at $2.9295 per lb, its lowest level on a settlement basis since July 2.
On the London Metal Exchange, benchmark copper shed $195 to end at $6,485 per tonne. In after hours business, selling momentum dragged it down further to $6,477 per tonne, a low dating back to July 6.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil fell to around $76 a barrel on Friday, dropping alongside equities markets as weak U.S. consumer sentiment and falling consumer prices lowered investor appetite for risk.
U.S. crude for August settled down 61 cents to $76.01 a barrel, closing the week 8 cents lower than the previous week. Prices reached an interday high of $77.15.
London Brent's new front-month September crude oil futures contract was down 72 cents to $75.37.
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.