(Adds Sydney outlook)
-----------------------(06:10 / 2010 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,601.87 -31.78 NZSX 50 3,211.16 -16.87
DJIA 10,860.26 +197.84 Nikkei 9,471.67 -94.65
NASDAQ 2,381.22 +54.14 FTSE 5,598.48 +51.40
S&P 500 1,148.67 +23.84 Hang Seng 22,047.71 +71.72
SPI 200 Fut 4,677.00 +57.00 CRB Index 283.63 +3.49
Bonds
AU 10 YR Bond 5.052 -0.055 US 10 YR Bond 2.607 +0.000
NZ 10 YR Bond 5.160 +0.000 US 30 YR Bond 3.793 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.9588 0.9492 NZD US$ 0.7337 0.7280
EUR US$ 1.3489 1.3313 Yen US$ 84.18 84.81
Commodities
Gold (Lon) 1297.00 Silver (Lon) 21.350
Gold (NY) 1295.60 Light Crude 76.49
Market action to New York close on Friday.
EQUITIES
NEW YORK - U.S. stocks notched their fourth week of gains on Friday as investors used a rise in business spending to revive the September rally after three days of losses.
Economic data gave a mixed picture, but traders latched on to a rise in August business spending as the latest sign the recovery is on firmer ground. That seemed to trump a lackluster report on new home sales in August. For details, see
The Dow Jones industrial average was up 197.84 points, or 1.86 percent, at 10,860.26. The Standard & Poor's 500 Index finished up 23.82 points, or 2.12 percent, at 1,148.65. The Nasdaq Composite Index was up 54.14 points, or 2.33 percent, at 2,381.22.
For a full report, double click on
- - - -
LONDON - Reassuring data from the United States sparked a rally in banks and energy stocks on Friday to push Britain's top share index firmly higher by the close on Friday, while Burberry jumped on takeover talk.
The FTSE 100 was down for much of the day, but the U.S. data helped it end up 51.40 points, or 0.9 percent, at 5,598.48. It has risen 7.1 percent so far this month, on track for the best monthly performance since August 2009.
For a full report, double click on
- - - -
TOKYO - Tokyo stocks lost 1 percent on Friday, failing to stay in positive territory as momemtum gained from talk of fresh intervention by Japanese authorities to weaken the yen petered out when no confirmation emerged.
Rising diplomatic tensions between Japan and China regarding a feud over disputed islets in the East China Sea were also weighing on the benchmark, they added.
The benchmark Nikkei fell 94.65 points to 9,471.67 after turning positive on the intervention talk. Prior to the dollar spiking, it fell as much as 1.6 percent.
The Nikkei lost 1.6 percent on the week but is still up some
7 percent for the month. It hit a seven
week high just above 9,700 on Tuesday as the yen retreated against the dollar in the wake of yen-selling intervention by Japanese authorities last week.
The broader Topix shed 1 percent to 838.41.
For a full report, double click on
- - - -
SYDNEY - Australian stocks are set to rise on Monday, buoyed by a firmer Wall Street and stronger base metal prices.
Share price index futures rose 57 points to 4677, a 75.1 point premium to the underlying index close on Friday.
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar fell against a basket of currencies on Friday to its lowest level since February as stronger-than-expected data in Europe and a drop in U.S. durable goods orders hurt demand for the greenback.
The dollar also hit its lowest in more than a week against the yen. Earlier the greenback rose on talk Japan had again tried to weaken the yen, but the dollar gave up the gains quickly.
Japanese Prime Minister Naoto Kan, speaking in New York at the U.N. General Assembly, said he was unaware of any intervention on Friday. For details, see
An unexpected rise in the German Ifo business climate index beyond a three-year high lifted the euro after a sell-off on Thursday.
Reports on U.S. durable goods orders and new home sales for August were considered soft and reinforced the view the Federal Reserve may provide additional monetary easing to help the economy.
The euro rose 1.3 percent to $1.3490. It was up 3.3 percent since Monday for its best week since May. An index of the dollar against six major currencies, slid to 79.281, its lowest level since February.
Against the yen, the dollar was down 0.2 percent at 84.18 . It had reached 84.12 yen, according to Reuters data, its lowest since Sept. 15, when Japanese authorities confirmed they had intervened to sell yen in the currency market.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries fell on Friday as news businesses spent heavily in August dented expectations the Federal Reserve would need to buy debt to help the economy.
Data showing revived business spending spurred stock gains, drawing investors away from safe-haven U.S. government debt after a week-long bond rally. Traders cited talk of a very large asset allocation trade from bonds to equities.
The 10-year Treasury note fell 14/32, its yield rising to 2.61 percent from 2.56 percent on Thursday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold futures rose on Friday, hitting all-time highs above $1,300 an ounce as investors fretted over economic uncertainty after the Federal Reserve raised expectations to take new measures to spur growth.
Silver also surged to a 30-year high on strong investment buying, with holdings of the world's largest silver-backed exchange-traded fund rising to a record high.
U.S. gold futures for December delivery hit a record $1,301.60 an ounce, then retreated from session highs as Wall Street rallied, with the S&P 500 stock index up 2 percent.
The benchmark contract settled up $1.80 at $1,298.10 an ounce. Spot gold rose 0.3 percent to $1,297.30 an ounce at 3:28 p.m. EDT (1928 GMT). Bullion posted its biggest two-week gain since May.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper inched closer to the psychological $8,000 a tonne level on Friday, driven by expectations of further downward pressure in the U.S. dollar and a seasonally strong fourth-quarter demand outlook.
The bullish tone spread across the base metals complex, boosting aluminum to a five-month peak and its biggest weekly gain in eight weeks, lead and zinc to their loftiest levels since late April, and tin to its highest since May 2008.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil rose on Friday, marking the strongest weekly gains in two months as data showing a rise in business spending lifted markets.
A rise in August business spending added to signs of a recovery in the U.S. economy, outweighing a lackluster report on new home sales in August and boosting U.S. stocks.
U.S. crude for November delivery rose $1.31, or 1.74 percent, to settle at $76.49 a barrel. For the week, oil rose $2.83, or 3.84 percent, the biggest percentage rise since oil jumped $2.97, or 3.91 percent in the week to July 23.
ICE Brent November crude rose 76 cents to settle at $78.87 a barrel on Friday, having traded as high as $79.40.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
-----------------------(06:10 / 2010 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,601.87 -31.78 NZSX 50 3,211.16 -16.87
DJIA 10,860.26 +197.84 Nikkei 9,471.67 -94.65
NASDAQ 2,381.22 +54.14 FTSE 5,598.48 +51.40
S&P 500 1,148.67 +23.84 Hang Seng 22,047.71 +71.72
SPI 200 Fut 4,677.00 +57.00 CRB Index 283.63 +3.49
Bonds
AU 10 YR Bond 5.052 -0.055 US 10 YR Bond 2.607 +0.000
NZ 10 YR Bond 5.160 +0.000 US 30 YR Bond 3.793 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.9588 0.9492 NZD US$ 0.7337 0.7280
EUR US$ 1.3489 1.3313 Yen US$ 84.18 84.81
Commodities
Gold (Lon) 1297.00 Silver (Lon) 21.350
Gold (NY) 1295.60 Light Crude 76.49
Market action to New York close on Friday.
EQUITIES
NEW YORK - U.S. stocks notched their fourth week of gains on Friday as investors used a rise in business spending to revive the September rally after three days of losses.
Economic data gave a mixed picture, but traders latched on to a rise in August business spending as the latest sign the recovery is on firmer ground. That seemed to trump a lackluster report on new home sales in August. For details, see
The Dow Jones industrial average was up 197.84 points, or 1.86 percent, at 10,860.26. The Standard & Poor's 500 Index finished up 23.82 points, or 2.12 percent, at 1,148.65. The Nasdaq Composite Index was up 54.14 points, or 2.33 percent, at 2,381.22.
For a full report, double click on
- - - -
LONDON - Reassuring data from the United States sparked a rally in banks and energy stocks on Friday to push Britain's top share index firmly higher by the close on Friday, while Burberry jumped on takeover talk.
The FTSE 100 was down for much of the day, but the U.S. data helped it end up 51.40 points, or 0.9 percent, at 5,598.48. It has risen 7.1 percent so far this month, on track for the best monthly performance since August 2009.
For a full report, double click on
- - - -
TOKYO - Tokyo stocks lost 1 percent on Friday, failing to stay in positive territory as momemtum gained from talk of fresh intervention by Japanese authorities to weaken the yen petered out when no confirmation emerged.
Rising diplomatic tensions between Japan and China regarding a feud over disputed islets in the East China Sea were also weighing on the benchmark, they added.
The benchmark Nikkei fell 94.65 points to 9,471.67 after turning positive on the intervention talk. Prior to the dollar spiking, it fell as much as 1.6 percent.
The Nikkei lost 1.6 percent on the week but is still up some
7 percent for the month. It hit a seven
week high just above 9,700 on Tuesday as the yen retreated against the dollar in the wake of yen-selling intervention by Japanese authorities last week.
The broader Topix shed 1 percent to 838.41.
For a full report, double click on
- - - -
SYDNEY - Australian stocks are set to rise on Monday, buoyed by a firmer Wall Street and stronger base metal prices.
Share price index futures rose 57 points to 4677, a 75.1 point premium to the underlying index close on Friday.
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar fell against a basket of currencies on Friday to its lowest level since February as stronger-than-expected data in Europe and a drop in U.S. durable goods orders hurt demand for the greenback.
The dollar also hit its lowest in more than a week against the yen. Earlier the greenback rose on talk Japan had again tried to weaken the yen, but the dollar gave up the gains quickly.
Japanese Prime Minister Naoto Kan, speaking in New York at the U.N. General Assembly, said he was unaware of any intervention on Friday. For details, see
An unexpected rise in the German Ifo business climate index beyond a three-year high lifted the euro after a sell-off on Thursday.
Reports on U.S. durable goods orders and new home sales for August were considered soft and reinforced the view the Federal Reserve may provide additional monetary easing to help the economy.
The euro rose 1.3 percent to $1.3490. It was up 3.3 percent since Monday for its best week since May. An index of the dollar against six major currencies, slid to 79.281, its lowest level since February.
Against the yen, the dollar was down 0.2 percent at 84.18 . It had reached 84.12 yen, according to Reuters data, its lowest since Sept. 15, when Japanese authorities confirmed they had intervened to sell yen in the currency market.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries fell on Friday as news businesses spent heavily in August dented expectations the Federal Reserve would need to buy debt to help the economy.
Data showing revived business spending spurred stock gains, drawing investors away from safe-haven U.S. government debt after a week-long bond rally. Traders cited talk of a very large asset allocation trade from bonds to equities.
The 10-year Treasury note fell 14/32, its yield rising to 2.61 percent from 2.56 percent on Thursday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold futures rose on Friday, hitting all-time highs above $1,300 an ounce as investors fretted over economic uncertainty after the Federal Reserve raised expectations to take new measures to spur growth.
Silver also surged to a 30-year high on strong investment buying, with holdings of the world's largest silver-backed exchange-traded fund rising to a record high.
U.S. gold futures for December delivery hit a record $1,301.60 an ounce, then retreated from session highs as Wall Street rallied, with the S&P 500 stock index up 2 percent.
The benchmark contract settled up $1.80 at $1,298.10 an ounce. Spot gold rose 0.3 percent to $1,297.30 an ounce at 3:28 p.m. EDT (1928 GMT). Bullion posted its biggest two-week gain since May.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper inched closer to the psychological $8,000 a tonne level on Friday, driven by expectations of further downward pressure in the U.S. dollar and a seasonally strong fourth-quarter demand outlook.
The bullish tone spread across the base metals complex, boosting aluminum to a five-month peak and its biggest weekly gain in eight weeks, lead and zinc to their loftiest levels since late April, and tin to its highest since May 2008.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil rose on Friday, marking the strongest weekly gains in two months as data showing a rise in business spending lifted markets.
A rise in August business spending added to signs of a recovery in the U.S. economy, outweighing a lackluster report on new home sales in August and boosting U.S. stocks.
U.S. crude for November delivery rose $1.31, or 1.74 percent, to settle at $76.49 a barrel. For the week, oil rose $2.83, or 3.84 percent, the biggest percentage rise since oil jumped $2.97, or 3.91 percent in the week to July 23.
ICE Brent November crude rose 76 cents to settle at $78.87 a barrel on Friday, having traded as high as $79.40.
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.