(Adds Sydney outlook)
________________Snapshot at 8.30 am (2030 GMT)________________
Stock Markets
S&P/ASX 200 4,458.39 +83.74 NZSX 50 2,994.90 +13.55
DJIA 10,424.62 +102.32 Nikkei 9,430.96 +210.08
NASDAQ 2,269.47 +23.58 FTSE 5,312.62 -1.19
S&P 500 1,102.66 +8.99 Hang Seng 20,815.33 +225.63
SPI 200 Fut 4,476.00 +40.00 CRB Index 266.62 -0.24
Bonds (Yield)
AU 10 YR Bond 5.285 -0.080 US 10 YR Bond 3.000 +0.000
NZ 10 YR Bond 5.425 +0.000 US 30 YR Bond 4.020 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8955 0.8930 NZD US$ 0.7270 0.7253
EUR US$ 1.2911 1.2886 Yen US$ 87.51 87.02
Commodities
Gold (Lon) 1190.50 Silver (Lon) 18.170
Gold (NY) 1189.05 Light Crude 78.98
Overnight market action to New York close on Friday.
EQUITIES
NEW YORK - General Electric delivered a shot of confidence to U.S. investors when it raised its dividend on Friday, pushing the S&P 500 through the key 1,100 level.
The Dow Jones industrial average gained 102.32 points, or 0.99 percent, to 10,424.62. The Standard & Poor's 500 Index rose 8.99 points, or 0.82 percent, to 1,102.66. The Nasdaq Composite Index added 23.58 points, or 1.05 percent, to 2,269.47.
For a full report, double click on
- - - -
LONDON - Nerves about the keenly awaited stress tests on European banks weighed on the sector in Britain, offsetting gains from Vodafone after solid first quarter results to leave the country's index flat by close on Friday.
The FTSE 100 ended down 1.19 points at 5,312.62, after it closed up 99.17 points, or 1.9 percent, on Thursday.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei rose 2.3 percent to snap a five-day losing streak on Friday, boosted as worries about the results of European bank stress tests eased and by robust U.S. corporate earnings.
For a full report, double click on
- - - -
SYDNEY - Australian shares are expected to rise on Monday as Wall Street rose following a dividend increase from bellwether General Electric, while Europe's bank stress testing yielded little surprises.
Share price index futures rose 40 points to 4476, a 17.6 point premium to the underlying index close on Friday, when it rose 1.9 percent.
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro rose against the dollar on Friday after most euro zone banks passed stress tests, though analysts worried the checks were not strict enough to reveal the true health of the sector.
The euro initially fell as results trickled in and investors worried the tests were not rigorous enough. Most took issue with a decision to apply losses only to debt held on banks' trading books, not on those bonds held to maturity.
But the single currency recovered late in New York, rising 0.2 percent to $1.2913, thanks to strong euro zone economic data and a U.S. stock market rally that stoked appetite for risk.
Against the yen, the euro rose 0.6 percent to 112.80 yen while the dollar added 0.5 percent to 87.35 yen.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries fell on Friday, as investors favored stocks and risky assets over bonds in the wake of better-than-expected earnings.
Bond investors also began making room for next week's $104 billion worth of coupon-bearing supply, exerting pressure on Treasuries.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold fell on Friday with no surprises to stir safe-haven demand but the metal largely held its ground after stress tests showed seven European banks were not strong enough to withstand another recession.
Spot gold was at $1,187.05 an ounce at 2:54 p.m. EDT (1854 GMT), against $1,195.35 late in New York on Thursday.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper prices extended a rally into a fifth day on Friday, posting the largest weekly gain since late February, as fund money piled into the market amid an improving economic outlook, undisturbed by European bank stress test results.
Copper for September delivery on the COMEX metals division of the New York Mercantile Exchange ended up 2.05 cents at $3.1850 per lb, its highest level on a closing basis since May 13. For the week, the September contract rose 8.7 percent, its biggest gain since the week of Feb. 21.
For a full report, double click on
- - - -
OIL
NEW YORK - U.S. crude oil prices hit an 11-week high above $79 per barrel on Friday then retreated to close lower, as markets digested the European bank stress test results while taking support from the temporary loss of some Gulf of Mexico oil production ahead of Tropical Storm Bonnie.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
________________Snapshot at 8.30 am (2030 GMT)________________
Stock Markets
S&P/ASX 200 4,458.39 +83.74 NZSX 50 2,994.90 +13.55
DJIA 10,424.62 +102.32 Nikkei 9,430.96 +210.08
NASDAQ 2,269.47 +23.58 FTSE 5,312.62 -1.19
S&P 500 1,102.66 +8.99 Hang Seng 20,815.33 +225.63
SPI 200 Fut 4,476.00 +40.00 CRB Index 266.62 -0.24
Bonds (Yield)
AU 10 YR Bond 5.285 -0.080 US 10 YR Bond 3.000 +0.000
NZ 10 YR Bond 5.425 +0.000 US 30 YR Bond 4.020 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8955 0.8930 NZD US$ 0.7270 0.7253
EUR US$ 1.2911 1.2886 Yen US$ 87.51 87.02
Commodities
Gold (Lon) 1190.50 Silver (Lon) 18.170
Gold (NY) 1189.05 Light Crude 78.98
Overnight market action to New York close on Friday.
EQUITIES
NEW YORK - General Electric delivered a shot of confidence to U.S. investors when it raised its dividend on Friday, pushing the S&P 500 through the key 1,100 level.
The Dow Jones industrial average gained 102.32 points, or 0.99 percent, to 10,424.62. The Standard & Poor's 500 Index rose 8.99 points, or 0.82 percent, to 1,102.66. The Nasdaq Composite Index added 23.58 points, or 1.05 percent, to 2,269.47.
For a full report, double click on
- - - -
LONDON - Nerves about the keenly awaited stress tests on European banks weighed on the sector in Britain, offsetting gains from Vodafone after solid first quarter results to leave the country's index flat by close on Friday.
The FTSE 100 ended down 1.19 points at 5,312.62, after it closed up 99.17 points, or 1.9 percent, on Thursday.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei rose 2.3 percent to snap a five-day losing streak on Friday, boosted as worries about the results of European bank stress tests eased and by robust U.S. corporate earnings.
For a full report, double click on
- - - -
SYDNEY - Australian shares are expected to rise on Monday as Wall Street rose following a dividend increase from bellwether General Electric, while Europe's bank stress testing yielded little surprises.
Share price index futures rose 40 points to 4476, a 17.6 point premium to the underlying index close on Friday, when it rose 1.9 percent.
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro rose against the dollar on Friday after most euro zone banks passed stress tests, though analysts worried the checks were not strict enough to reveal the true health of the sector.
The euro initially fell as results trickled in and investors worried the tests were not rigorous enough. Most took issue with a decision to apply losses only to debt held on banks' trading books, not on those bonds held to maturity.
But the single currency recovered late in New York, rising 0.2 percent to $1.2913, thanks to strong euro zone economic data and a U.S. stock market rally that stoked appetite for risk.
Against the yen, the euro rose 0.6 percent to 112.80 yen while the dollar added 0.5 percent to 87.35 yen.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries fell on Friday, as investors favored stocks and risky assets over bonds in the wake of better-than-expected earnings.
Bond investors also began making room for next week's $104 billion worth of coupon-bearing supply, exerting pressure on Treasuries.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold fell on Friday with no surprises to stir safe-haven demand but the metal largely held its ground after stress tests showed seven European banks were not strong enough to withstand another recession.
Spot gold was at $1,187.05 an ounce at 2:54 p.m. EDT (1854 GMT), against $1,195.35 late in New York on Thursday.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper prices extended a rally into a fifth day on Friday, posting the largest weekly gain since late February, as fund money piled into the market amid an improving economic outlook, undisturbed by European bank stress test results.
Copper for September delivery on the COMEX metals division of the New York Mercantile Exchange ended up 2.05 cents at $3.1850 per lb, its highest level on a closing basis since May 13. For the week, the September contract rose 8.7 percent, its biggest gain since the week of Feb. 21.
For a full report, double click on
- - - -
OIL
NEW YORK - U.S. crude oil prices hit an 11-week high above $79 per barrel on Friday then retreated to close lower, as markets digested the European bank stress test results while taking support from the temporary loss of some Gulf of Mexico oil production ahead of Tropical Storm Bonnie.
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.