(Adds Sydney outlook)
-----------------------(06:30 / 2030 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,370.11 +14.09 NZSX 50 3,007.44 -10.81
DJIA 10,150.65 +164.84 Nikkei 8,991.06 +84.58
NASDAQ 2,153.63 +34.94 FTSE 5,201.56 +45.72
S&P 500 1,064.59 +17.37 Hang Seng 20,612.06 -14.71
SPI 200 Fut 4,389.00 +41.00 CRB Index 267.27 +3.23
Bonds
AU 10 YR Bond 4.805 -0.075 US 10 YR Bond 2.647 +0.000
NZ 10 YR Bond 5.155 +0.000 US 30 YR Bond 3.690 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8988 0.8865 NZD US$ 0.7104 0.7024
EUR US$ 1.2762 1.2701 Yen US$ 85.19 84.65
Commodities
Gold (Lon) 1235.00 Silver (Lon) 19.030
Gold (NY) 1235.71 Light Crude 75.40
Market action to New York close on Friday.
EQUITIES
NEW YORK - Stocks rebounded to post their best gains in nearly four weeks on Friday, overcoming initial skittishness brought on by a revenue warning from Intel and dour comments from Federal Reserve Chairman Ben Bernanke.
Strong buying interest at a key technical level and short-covering sparked the market's comeback, and the tone improved as investors took a more positive view of Bernanke's comments about the economy and the Fed's readiness to act.
The Dow Jones industrial average gained 164.84 points, or 1.65 percent, to 10,150.65. The Standard & Poor's 500 Index jumped 17.37 points, or 1.66 percent, to 1,064.59. The Nasdaq Composite Index climbed 34.94 points, or 1.65 percent, to 2,153.63.
For a full report, double click on
- - - -
LONDON - Britain's top share index rose 0.9 percent on Friday, lifted by telecoms, and ended two straight weeks of losses, though trading was thin as investors remained wary of the United States slipping back into recession.
U.S. Federal Reserve Chairman said the recovery has weakened more than expected and the central bank is ready to take further steps if needed, while U.S. growth was revised down to 1.6 percent in the second quarter from a previous estimate of 2.4 percent, though it was better than analysts' forecast.
Defensive stocks were in demand, helping the FTSE 100 to closed 45.72 points, or 0.9 percent, higher at 5,201.56 in a choppy session. The index traded as low as 5,121.00 soon after Bernanke's remarks.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average reversed course in late trade on Friday to climb more than 1 percent at one point, buoyed after investors unloaded superlong Japanese debt to buy stocks as well as by hopes for Japanese moves to rein in the strong yen.
But investors remained nervous ahead of U.S. gross domestic product data due out later in the day.
The benchmark Nikkei climbed 1 percent or 85.58 points to 8,991.06 in moderate trade, moving further away from a
16
month low hit earlier this week. It finished the week down 2 percent, its third negative week in a row and the worst such run since April.
The broader Topix gained 1 percent to 819.62.
For a full report, double click on
- - - -
SYDNEY - Australian shares are seen opening higher on Monday, as Wall Street rallied on comments from Federal Reserve Chairman Ben Bernanke and firmer metal prices.
Share price index futures rose 41 points to 4,389, an 18.9 point premium to the close of the underlying index .
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar rose against the yen and the Swiss franc on Friday after U.S. Federal Reserve Chairman Ben Bernanke said the Fed was prepared to provide stimulus to boost a U.S. economic recovery that had slowed more than expected, but did not say how or when.
Analysts said the dollar would remain supported because Bernanke gave no firm commitment the central bank would provide additional easing, which could put downward pressure on interest rates.
The Fed also did not make clear what would prompt such measures, they noted. For details on Bernanke's remarks, see
In late afternoon trading in New York, the dollar was up 1.1 percent against the yen at 85.35 yen after climbing as high as 85.49 yen, while the euro see-sawed but last traded up 0.1 percent at $1.2733.
The dollar hit a session high earlier against the Swiss franc at 1.0300 francs and last traded up 0.6 percent at 1.0295 francs.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries prices fell on Friday after Federal Reserve Chairman Ben Bernanke signaled no new bond buying by the U.S. central bank was imminent.
The news prompted the biggest one-day selloff in three months, but yields still only rose to levels just shy of where they were two weeks ago.
Benchmark 10-year Treasury notes fell 1-14/32, their yields rising to 2.65 percent from 2.48 percent Thursday, but still below 2.67 percent where they stood two weeks ago.
The 30-year bond fell more than three points, its yield rising to 3.70 percent from 3.51 percent Thursday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold trimmed gains on Friday after Federal Reserve chief Ben Bernanke said the Fed was ready to act on growth if needed, but the metal posted a fourth straight week of increase as recent weak economic data boosted its safe-haven appeal.
Bullion has benefited from fears of a double-dip recession as durable-goods orders and home sales data this week pointed to a stalling economic recovery.
Spot gold was last at $1,235.85 an ounce at 3:14 p.m. EDT (1914 GMT) from $1,234.94 late in New York on Thursday. U.S. gold futures for December delivery settled up 20 cents at $1,237.90.
For a full report, double click on
- - - -
BASE METALS
LONDON - U.S. copper on Friday rose to its highest close since Aug. 4, supported by a rally on Wall Street after a speech by the Federal Reserve chief boosted optimism among investors.
Benchmark copper on the London Metal Exchange hit $7,472.25 a tonne, its highest since Aug. 19. The metal used in power and construction ended at $7,459 a tonne from $7,304.50 on Thursday.
In New York, copper for September delivery rose 5.85 cents, or 1.77 percent, to close at $3.3630 per lb on the COMEX Exchange.
For a full report, double click on
- - - -
OIL
NEW YORK - U.S. oil prices rose a third straight day on Friday, rallying with equities as investors shrugged off revised lower second quarter growth data and cautionary remarks by the Federal Reserve chief.
Sources also pointed to short covering ahead of the weekend with three tropical systems churning in the Atlantic Ocean also helping lift crude oil futures that had dropped to an 11-week low under $71 a barrel intraday on Wednesday.
U.S. crude for October delivery rose $1.81, or 2.47 percent, to settle at $75.17 a barrel. It traded as low as $72.04 and reached a $75.54 peak in post-settlement trading.
On Friday October Brent crude rose $1.02 to $76.04 a barrel.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
-----------------------(06:30 / 2030 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,370.11 +14.09 NZSX 50 3,007.44 -10.81
DJIA 10,150.65 +164.84 Nikkei 8,991.06 +84.58
NASDAQ 2,153.63 +34.94 FTSE 5,201.56 +45.72
S&P 500 1,064.59 +17.37 Hang Seng 20,612.06 -14.71
SPI 200 Fut 4,389.00 +41.00 CRB Index 267.27 +3.23
Bonds
AU 10 YR Bond 4.805 -0.075 US 10 YR Bond 2.647 +0.000
NZ 10 YR Bond 5.155 +0.000 US 30 YR Bond 3.690 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.8988 0.8865 NZD US$ 0.7104 0.7024
EUR US$ 1.2762 1.2701 Yen US$ 85.19 84.65
Commodities
Gold (Lon) 1235.00 Silver (Lon) 19.030
Gold (NY) 1235.71 Light Crude 75.40
Market action to New York close on Friday.
EQUITIES
NEW YORK - Stocks rebounded to post their best gains in nearly four weeks on Friday, overcoming initial skittishness brought on by a revenue warning from Intel and dour comments from Federal Reserve Chairman Ben Bernanke.
Strong buying interest at a key technical level and short-covering sparked the market's comeback, and the tone improved as investors took a more positive view of Bernanke's comments about the economy and the Fed's readiness to act.
The Dow Jones industrial average gained 164.84 points, or 1.65 percent, to 10,150.65. The Standard & Poor's 500 Index jumped 17.37 points, or 1.66 percent, to 1,064.59. The Nasdaq Composite Index climbed 34.94 points, or 1.65 percent, to 2,153.63.
For a full report, double click on
- - - -
LONDON - Britain's top share index rose 0.9 percent on Friday, lifted by telecoms, and ended two straight weeks of losses, though trading was thin as investors remained wary of the United States slipping back into recession.
U.S. Federal Reserve Chairman said the recovery has weakened more than expected and the central bank is ready to take further steps if needed, while U.S. growth was revised down to 1.6 percent in the second quarter from a previous estimate of 2.4 percent, though it was better than analysts' forecast.
Defensive stocks were in demand, helping the FTSE 100 to closed 45.72 points, or 0.9 percent, higher at 5,201.56 in a choppy session. The index traded as low as 5,121.00 soon after Bernanke's remarks.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average reversed course in late trade on Friday to climb more than 1 percent at one point, buoyed after investors unloaded superlong Japanese debt to buy stocks as well as by hopes for Japanese moves to rein in the strong yen.
But investors remained nervous ahead of U.S. gross domestic product data due out later in the day.
The benchmark Nikkei climbed 1 percent or 85.58 points to 8,991.06 in moderate trade, moving further away from a
16
month low hit earlier this week. It finished the week down 2 percent, its third negative week in a row and the worst such run since April.
The broader Topix gained 1 percent to 819.62.
For a full report, double click on
- - - -
SYDNEY - Australian shares are seen opening higher on Monday, as Wall Street rallied on comments from Federal Reserve Chairman Ben Bernanke and firmer metal prices.
Share price index futures rose 41 points to 4,389, an 18.9 point premium to the close of the underlying index .
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar rose against the yen and the Swiss franc on Friday after U.S. Federal Reserve Chairman Ben Bernanke said the Fed was prepared to provide stimulus to boost a U.S. economic recovery that had slowed more than expected, but did not say how or when.
Analysts said the dollar would remain supported because Bernanke gave no firm commitment the central bank would provide additional easing, which could put downward pressure on interest rates.
The Fed also did not make clear what would prompt such measures, they noted. For details on Bernanke's remarks, see
In late afternoon trading in New York, the dollar was up 1.1 percent against the yen at 85.35 yen after climbing as high as 85.49 yen, while the euro see-sawed but last traded up 0.1 percent at $1.2733.
The dollar hit a session high earlier against the Swiss franc at 1.0300 francs and last traded up 0.6 percent at 1.0295 francs.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries prices fell on Friday after Federal Reserve Chairman Ben Bernanke signaled no new bond buying by the U.S. central bank was imminent.
The news prompted the biggest one-day selloff in three months, but yields still only rose to levels just shy of where they were two weeks ago.
Benchmark 10-year Treasury notes fell 1-14/32, their yields rising to 2.65 percent from 2.48 percent Thursday, but still below 2.67 percent where they stood two weeks ago.
The 30-year bond fell more than three points, its yield rising to 3.70 percent from 3.51 percent Thursday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold trimmed gains on Friday after Federal Reserve chief Ben Bernanke said the Fed was ready to act on growth if needed, but the metal posted a fourth straight week of increase as recent weak economic data boosted its safe-haven appeal.
Bullion has benefited from fears of a double-dip recession as durable-goods orders and home sales data this week pointed to a stalling economic recovery.
Spot gold was last at $1,235.85 an ounce at 3:14 p.m. EDT (1914 GMT) from $1,234.94 late in New York on Thursday. U.S. gold futures for December delivery settled up 20 cents at $1,237.90.
For a full report, double click on
- - - -
BASE METALS
LONDON - U.S. copper on Friday rose to its highest close since Aug. 4, supported by a rally on Wall Street after a speech by the Federal Reserve chief boosted optimism among investors.
Benchmark copper on the London Metal Exchange hit $7,472.25 a tonne, its highest since Aug. 19. The metal used in power and construction ended at $7,459 a tonne from $7,304.50 on Thursday.
In New York, copper for September delivery rose 5.85 cents, or 1.77 percent, to close at $3.3630 per lb on the COMEX Exchange.
For a full report, double click on
- - - -
OIL
NEW YORK - U.S. oil prices rose a third straight day on Friday, rallying with equities as investors shrugged off revised lower second quarter growth data and cautionary remarks by the Federal Reserve chief.
Sources also pointed to short covering ahead of the weekend with three tropical systems churning in the Atlantic Ocean also helping lift crude oil futures that had dropped to an 11-week low under $71 a barrel intraday on Wednesday.
U.S. crude for October delivery rose $1.81, or 2.47 percent, to settle at $75.17 a barrel. It traded as low as $72.04 and reached a $75.54 peak in post-settlement trading.
On Friday October Brent crude rose $1.02 to $76.04 a barrel.
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.