-----------------------(07:31 / 2131 GMT)----------------------
Stock Markets
S&P/ASX 200 4,540.74 +0.00 NZSX 50 3,045.11 +0.00
DJIA 10,644.25 -54.50 Nikkei 0,000.00 +0.00
NASDAQ 2,277.17 -28.52 FTSE 5,376.41 -34.11
S&P 500 1,121.06 -6.73 Hang Seng 21,473.60 -327.99
SPI 200 Fut 4,511.00 +4.00 CRB Index 272.28 -2.31
Bonds
AU 10 YR Bond 5.102 -0.016 US 10 YR Bond 2.768 -0.061
NZ 10 YR Bond 5.395 -0.015 US 30 YR Bond 4.008 -0.011
Currencies (Prev at 7pm NZST)
AUD US$ 0.9130 0.9114 NZD US$ 0.7236 0.7221
EUR US$ 1.3178 1.3158 Yen US$ 85.42 85.86
Commodities
Gold (Lon) 1192.50 Silver (Lon) 18.090
Gold (NY) 1200.00 Light Crude 80.31
----------------------------------------------------------------_
Overnight market action with latest New York figures.
EQUITIES
NEW YORK - U.S. stocks fell on Tuesday but closed off their lows after the Federal Reserve said it would take new steps to counter a weak recovery.
The Dow, which was down about 100 points before the Fed's announcement, briefly turned positive, though buying interest waned on the Fed's more pessimistic assessment of the economy.
The Fed's Open Market Committee said in a post-meeting statement that it would begin funnelling proceeds from maturing mortgage bonds into longer-term government debt to keep borrowing costs low. For details, see
The stock market's lukewarm response suggested investors didn't believe the actions would have much immediate impact on the weak labor market and slow consumer spending, two headwinds facing the recovery.
For a full report, double click on
- - - -
LONDON - Britain's top shares were lower on Tuesday as investors nervously awaited the outcome of the U.S. Federal Reserve's latest monetary policy meeting and commodity shares were hit by demand concerns following weak Chinese data.
At the close, the FTSE 100 index was down 34.11 points, or 0.6 percent, at 5,376.41, having ended at its highest close since May 13 on Monday.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average edged lower in thin trade on Tuesday, turning negative after the Bank of Japan left rates unchanged and Chinese stocks fell as trade data for July showed imports were weaker than expected.
For a full report, double click on
- - - -
SYDNEY - Australia's share market will likely open slightly lower on lower metals prices Wall Street's fall but will likely find some comfort in comments from the Federal Reserve that it would keep interest rates low and take other steps to encourage economic recovery.
Share price index futures inched up 4.0 points to 4511.0, a 29.7 point discount to the underlying index on Tuesday.
Commonwealth Bank of Australia will likely be in focus as it report full-year earnings before the market opens.
FOREIGN EXCHANGE
NEW YORK - The dollar fell against the yen on Tuesday and erased gains against the euro after the Federal Reserve unveiled plans to boost a flagging economy by reinvesting money from maturing mortgage bonds into government debt.
The move marks an important policy shift for the Fed, which just months ago had been debating how to start winding up its various monetary stimulus programs. Fed officials also offered a more gloomy outlook on the U.S. economy.
The euro rose to $1.3223, flat on the day, after falling as low as $1.3075. The dollar was down 0.8 percent at
85.22 yen, not far from a 15
year low around 84.81. The dollar got support against the yen earlier after the Bank of Japan held off on new steps to weaken the strong currency.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - The U.S. Treasuries market rose on Tuesday, led by
10
year and intermediate issues, after the Federal Reserve said it was renewing its purchases of government debt, in a bold step to avert a double-dip recession.
Although the move should ease mortgage rates and other long-term borrowing costs, which are already at or near record lows, questions remained how effective it would be in stimulating the economy.
The Fed's enlarged role in the Treasuries market and its pledge to keep short-term rates near zero for 'an extended period' comes as the government is set to sell $74 billion in debt including 10-year and 30-year issues this week.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold prices turned higher on Tuesday as safe-haven demand increased after the U.S. Federal Reserve said it would buy more government debt to boost a sputtering economic recovery.
The significant policy shift by the central bank, combined with record-low interest rates and stimulus spending, spurred investors to buy bullion as a hedge against inflation.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper fell to its lowest price level in nearly two weeks on Tuesday due to weak U.S. economic data and a firming dollar ahead of a Federal Reserve meeting.
Benchmark copper for three-month delivery on the London Metal Exchange closed at $7,295 a tonne from $7,425 at the close on Monday. Copper hit $7,527 a tonne last week, its highest peak since April 27.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil futures prices fell on Tuesday, but pared losses in late trade after the Federal Reserve said it would keep interest rates low and take other steps to cut borrowing costs and encourage economic recovery.
Earlier, oil had been slipped after data showed China's crude oil imports slowed in July and as the dollar rose.
But the dollar fell against the yen and erased gains against the euro after the Federal Reserve unveiled plans to boost a flagging economy by reinvesting money from maturing mortgage bonds into government debt.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stock Markets
S&P/ASX 200 4,540.74 +0.00 NZSX 50 3,045.11 +0.00
DJIA 10,644.25 -54.50 Nikkei 0,000.00 +0.00
NASDAQ 2,277.17 -28.52 FTSE 5,376.41 -34.11
S&P 500 1,121.06 -6.73 Hang Seng 21,473.60 -327.99
SPI 200 Fut 4,511.00 +4.00 CRB Index 272.28 -2.31
Bonds
AU 10 YR Bond 5.102 -0.016 US 10 YR Bond 2.768 -0.061
NZ 10 YR Bond 5.395 -0.015 US 30 YR Bond 4.008 -0.011
Currencies (Prev at 7pm NZST)
AUD US$ 0.9130 0.9114 NZD US$ 0.7236 0.7221
EUR US$ 1.3178 1.3158 Yen US$ 85.42 85.86
Commodities
Gold (Lon) 1192.50 Silver (Lon) 18.090
Gold (NY) 1200.00 Light Crude 80.31
----------------------------------------------------------------_
Overnight market action with latest New York figures.
EQUITIES
NEW YORK - U.S. stocks fell on Tuesday but closed off their lows after the Federal Reserve said it would take new steps to counter a weak recovery.
The Dow, which was down about 100 points before the Fed's announcement, briefly turned positive, though buying interest waned on the Fed's more pessimistic assessment of the economy.
The Fed's Open Market Committee said in a post-meeting statement that it would begin funnelling proceeds from maturing mortgage bonds into longer-term government debt to keep borrowing costs low. For details, see
The stock market's lukewarm response suggested investors didn't believe the actions would have much immediate impact on the weak labor market and slow consumer spending, two headwinds facing the recovery.
For a full report, double click on
- - - -
LONDON - Britain's top shares were lower on Tuesday as investors nervously awaited the outcome of the U.S. Federal Reserve's latest monetary policy meeting and commodity shares were hit by demand concerns following weak Chinese data.
At the close, the FTSE 100 index was down 34.11 points, or 0.6 percent, at 5,376.41, having ended at its highest close since May 13 on Monday.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average edged lower in thin trade on Tuesday, turning negative after the Bank of Japan left rates unchanged and Chinese stocks fell as trade data for July showed imports were weaker than expected.
For a full report, double click on
- - - -
SYDNEY - Australia's share market will likely open slightly lower on lower metals prices Wall Street's fall but will likely find some comfort in comments from the Federal Reserve that it would keep interest rates low and take other steps to encourage economic recovery.
Share price index futures inched up 4.0 points to 4511.0, a 29.7 point discount to the underlying index on Tuesday.
Commonwealth Bank of Australia will likely be in focus as it report full-year earnings before the market opens.
FOREIGN EXCHANGE
NEW YORK - The dollar fell against the yen on Tuesday and erased gains against the euro after the Federal Reserve unveiled plans to boost a flagging economy by reinvesting money from maturing mortgage bonds into government debt.
The move marks an important policy shift for the Fed, which just months ago had been debating how to start winding up its various monetary stimulus programs. Fed officials also offered a more gloomy outlook on the U.S. economy.
The euro rose to $1.3223, flat on the day, after falling as low as $1.3075. The dollar was down 0.8 percent at
85.22 yen, not far from a 15
year low around 84.81. The dollar got support against the yen earlier after the Bank of Japan held off on new steps to weaken the strong currency.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - The U.S. Treasuries market rose on Tuesday, led by
10
year and intermediate issues, after the Federal Reserve said it was renewing its purchases of government debt, in a bold step to avert a double-dip recession.
Although the move should ease mortgage rates and other long-term borrowing costs, which are already at or near record lows, questions remained how effective it would be in stimulating the economy.
The Fed's enlarged role in the Treasuries market and its pledge to keep short-term rates near zero for 'an extended period' comes as the government is set to sell $74 billion in debt including 10-year and 30-year issues this week.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold prices turned higher on Tuesday as safe-haven demand increased after the U.S. Federal Reserve said it would buy more government debt to boost a sputtering economic recovery.
The significant policy shift by the central bank, combined with record-low interest rates and stimulus spending, spurred investors to buy bullion as a hedge against inflation.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper fell to its lowest price level in nearly two weeks on Tuesday due to weak U.S. economic data and a firming dollar ahead of a Federal Reserve meeting.
Benchmark copper for three-month delivery on the London Metal Exchange closed at $7,295 a tonne from $7,425 at the close on Monday. Copper hit $7,527 a tonne last week, its highest peak since April 27.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil futures prices fell on Tuesday, but pared losses in late trade after the Federal Reserve said it would keep interest rates low and take other steps to cut borrowing costs and encourage economic recovery.
Earlier, oil had been slipped after data showed China's crude oil imports slowed in July and as the dollar rose.
But the dollar fell against the yen and erased gains against the euro after the Federal Reserve unveiled plans to boost a flagging economy by reinvesting money from maturing mortgage bonds into government debt.
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.