(Adds Sydney outlook)
-----------------------(06:30 / 1930 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,681.41 -9.85 NZSX 50 3,232.66 -3.43
DJIA 11,006.48 +57.90 Nikkei 9,588.88 -95.93
NASDAQ 2,401.91 +18.24 FTSE 5,657.61 -4.52
S&P 500 1,165.15 +7.09 Hang Seng 22,884.32 +59.86
SPI 200 Fut 4,717.00 +22.00 CRB Index 295.11 +7.81
Bonds
AU 10 YR Bond 5.010 +0.000 US 10 YR Bond 2.396 +0.000
NZ 10 YR Bond 5.140 +0.000 US 30 YR Bond 3.747 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.9848 0.9792 NZD US$ 0.7554 0.7495
EUR US$ 1.3942 1.3927 Yen US$ 81.91 82.38
Commodities
Gold (Lon) 1341.50 Silver (Lon) 22.370
Gold (NY) 1343.25 Light Crude 82.80
Overnight market action to New York close on Friday.
EQUITIES
NEW YORK - The Dow closed above the 11,000 mark for the first time in five months on Friday as a surprisingly weak jobs report strengthened the case for more stimulus from the Federal Reserve.
While a loss of 95,000 jobs normally might be expected to hurt stocks, the market's desire for cheap money trumped concerns about the slow economy.
The Dow Jones industrial average gained 57.90 points, or 0.53 percent, to close at 11,006.48. The Standard & Poor's 500 Index rose 7.09 points, or 0.61 percent, to 1,165.15. The Nasdaq Composite Index climbed 18.24 points, or 0.77 percent, to 2,401.91.
For a full report, double click on
- - - -
LONDON - Britain's top share index inched down on Friday, weighed by weaker banks after a surprise drop in U.S. non-farm payrolls, although the data raised quantitative easing expectations which lifted commodity prices.
At the close, the FTSE 100 was 4.52 points or 0.1 percent lower at 5,657.61. The index gained 1.2 percent over the week and hit a five-month closing peak on Wednesday.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average fell 1 percent on Friday, hurt by the yen trading near a 15-year peak against the dollar and by profit-taking after the Bank of Japan's policy easing this week had driven stocks higher.
The benchmark Nikkei ended the day down 95.93 points at 9,588.88, speeding up its fall as it headed into the close.
The broader Topix fell 0.8 percent to 839.44.
For a full report, double click on
- - - -
SYDNEY - Australian shares are likely to start higher on Friday, as Wall Street and metal prices both rose on the expectation of further quantitative easing from the Federal Reserve.
Share index futures rose 22 points to 4717, a 35.6 point premium to the close of the underlying index on Friday.
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar slumped to a 15-year low against the yen on Friday after data showed an unexpected drop in U.S. payrolls in September, bolstering expectations of further easing by the Federal Reserve to revive a sputtering economy.
That should ensure the dollar's weak trend remains intact as the Fed's quantitative easing measures involve asset purchases meant to push long-term yields lower.
Traders are now focusing on the 80-yen level for the dollar after it fell to a low of 81.72 yen following the employment report, which showed 95,000 job cuts last month. For the non-farm payrolls report, click on
The dollar also fell sharply against the euro on the jobs data, but it later recovered after Eurogroup Chairman Jean-Claude Juncker said he was not happy with the euro's move to $1.4000, a level surpassed on Thursday.
In late afternoon trading, the dollar was at 82.16 yen , down 0.3 percent on the day, according to electronic trading platform EBS.
The euro last traded little changed against the dollar at $1.3928, paring gains after Juncker said on Friday the euro is too strong against the dollar at $1.40
For a full report, double click on
- - - -
TREASURIES
NEW YORK - Shorter-term U.S. Treasuries prices made modest gains on Friday after the government's September employment data left markets' heightened expectations for easier monetary policy undisturbed.
U.S. Treasuries prices have rallied all week as comments from several Federal Reserve officials convinced investors the Fed would soon begin another set of asset purchases to ease lending conditions and support the economy.
Ten-year Treasury notes yielded 2.39 percent in late trade on Friday, unchanged from late Thursday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold rebounded 1 percent on Friday a day after a sharp retreat, as a weak U.S. employment report spurred buying by investors who expect the Federal Reserve will start buying government debt again to stimulate the economy.
It was the fourth consecutive weekly rise for both gold and silver. For the week, silver was up 5 percent, outperforming gold's 2 percent rise.
Spot gold was up 0.9 percent at $1,344.35 an ounce at 2:58 p.m. EDT (1858 GMT) , after peaking at $1,349.70 an ounce in earlier trade.
U.S. gold futures for December delivery settled up $10.30 an ounce at $1,345.30. Final volume was about 195,000 lots, 50 percent above its 30-day average, preliminary Reuters data showed. COMEX gold open interest eased but held near a record high 621,941 lots as of Wednesday.
For a full report, double click on
- - - -
BASE METALS
LONDON - Industrial metals rallied sharply on Friday, with copper extending gains into a fourth week to a fresh 26-month peak, after a surprise fall in U.S. payrolls strengthened talk of fresh stimulus measures to boost the world's biggest economy.
Copper for December delivery on the COMEX metals division of the New York Mercantile Exchange surged 9.50 cents, or 2.6 percent, to settle at $3.7745 per lb, a new closing high for the third position futures contract since July 7, 2008.
On the London Metal Exchange (LME), benchmark copper jumped to $8,349.50 a tonne, its highest since mid-July 2008, before ending up $200 at $8,300 a tonne.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil prices rose on Friday, posting a third straight weekly rise as investors bet that a weaker-than-expected U.S. jobs report bolstered the case for more monetary easing by the Federal Reserve that would keep pressure on the dollar.
The oil futures complex got further support as a strike at France's top oil port, now in its 12th day threatened to cut European oil products output. Also, a surprisingly sharp cut in the U.S. government's corn crop forecast sent cash ethanol prices sharply higher.
U.S. crude for November delivery rose 99 cents, or 1.21 percent, to settle at $82.66 a barrel, having traded from $80.30 to $83.13. For the week, prices rose $1.08, or 1.32 percent.
ICE Brent November crude rose 60 cents, or 0.72 percent, to settle at $84.03 a barrel. Brent was up 28 cents for the week, a seventh straight weekly rise.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
-----------------------(06:30 / 1930 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,681.41 -9.85 NZSX 50 3,232.66 -3.43
DJIA 11,006.48 +57.90 Nikkei 9,588.88 -95.93
NASDAQ 2,401.91 +18.24 FTSE 5,657.61 -4.52
S&P 500 1,165.15 +7.09 Hang Seng 22,884.32 +59.86
SPI 200 Fut 4,717.00 +22.00 CRB Index 295.11 +7.81
Bonds
AU 10 YR Bond 5.010 +0.000 US 10 YR Bond 2.396 +0.000
NZ 10 YR Bond 5.140 +0.000 US 30 YR Bond 3.747 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.9848 0.9792 NZD US$ 0.7554 0.7495
EUR US$ 1.3942 1.3927 Yen US$ 81.91 82.38
Commodities
Gold (Lon) 1341.50 Silver (Lon) 22.370
Gold (NY) 1343.25 Light Crude 82.80
Overnight market action to New York close on Friday.
EQUITIES
NEW YORK - The Dow closed above the 11,000 mark for the first time in five months on Friday as a surprisingly weak jobs report strengthened the case for more stimulus from the Federal Reserve.
While a loss of 95,000 jobs normally might be expected to hurt stocks, the market's desire for cheap money trumped concerns about the slow economy.
The Dow Jones industrial average gained 57.90 points, or 0.53 percent, to close at 11,006.48. The Standard & Poor's 500 Index rose 7.09 points, or 0.61 percent, to 1,165.15. The Nasdaq Composite Index climbed 18.24 points, or 0.77 percent, to 2,401.91.
For a full report, double click on
- - - -
LONDON - Britain's top share index inched down on Friday, weighed by weaker banks after a surprise drop in U.S. non-farm payrolls, although the data raised quantitative easing expectations which lifted commodity prices.
At the close, the FTSE 100 was 4.52 points or 0.1 percent lower at 5,657.61. The index gained 1.2 percent over the week and hit a five-month closing peak on Wednesday.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average fell 1 percent on Friday, hurt by the yen trading near a 15-year peak against the dollar and by profit-taking after the Bank of Japan's policy easing this week had driven stocks higher.
The benchmark Nikkei ended the day down 95.93 points at 9,588.88, speeding up its fall as it headed into the close.
The broader Topix fell 0.8 percent to 839.44.
For a full report, double click on
- - - -
SYDNEY - Australian shares are likely to start higher on Friday, as Wall Street and metal prices both rose on the expectation of further quantitative easing from the Federal Reserve.
Share index futures rose 22 points to 4717, a 35.6 point premium to the close of the underlying index on Friday.
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar slumped to a 15-year low against the yen on Friday after data showed an unexpected drop in U.S. payrolls in September, bolstering expectations of further easing by the Federal Reserve to revive a sputtering economy.
That should ensure the dollar's weak trend remains intact as the Fed's quantitative easing measures involve asset purchases meant to push long-term yields lower.
Traders are now focusing on the 80-yen level for the dollar after it fell to a low of 81.72 yen following the employment report, which showed 95,000 job cuts last month. For the non-farm payrolls report, click on
The dollar also fell sharply against the euro on the jobs data, but it later recovered after Eurogroup Chairman Jean-Claude Juncker said he was not happy with the euro's move to $1.4000, a level surpassed on Thursday.
In late afternoon trading, the dollar was at 82.16 yen , down 0.3 percent on the day, according to electronic trading platform EBS.
The euro last traded little changed against the dollar at $1.3928, paring gains after Juncker said on Friday the euro is too strong against the dollar at $1.40
For a full report, double click on
- - - -
TREASURIES
NEW YORK - Shorter-term U.S. Treasuries prices made modest gains on Friday after the government's September employment data left markets' heightened expectations for easier monetary policy undisturbed.
U.S. Treasuries prices have rallied all week as comments from several Federal Reserve officials convinced investors the Fed would soon begin another set of asset purchases to ease lending conditions and support the economy.
Ten-year Treasury notes yielded 2.39 percent in late trade on Friday, unchanged from late Thursday.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold rebounded 1 percent on Friday a day after a sharp retreat, as a weak U.S. employment report spurred buying by investors who expect the Federal Reserve will start buying government debt again to stimulate the economy.
It was the fourth consecutive weekly rise for both gold and silver. For the week, silver was up 5 percent, outperforming gold's 2 percent rise.
Spot gold was up 0.9 percent at $1,344.35 an ounce at 2:58 p.m. EDT (1858 GMT) , after peaking at $1,349.70 an ounce in earlier trade.
U.S. gold futures for December delivery settled up $10.30 an ounce at $1,345.30. Final volume was about 195,000 lots, 50 percent above its 30-day average, preliminary Reuters data showed. COMEX gold open interest eased but held near a record high 621,941 lots as of Wednesday.
For a full report, double click on
- - - -
BASE METALS
LONDON - Industrial metals rallied sharply on Friday, with copper extending gains into a fourth week to a fresh 26-month peak, after a surprise fall in U.S. payrolls strengthened talk of fresh stimulus measures to boost the world's biggest economy.
Copper for December delivery on the COMEX metals division of the New York Mercantile Exchange surged 9.50 cents, or 2.6 percent, to settle at $3.7745 per lb, a new closing high for the third position futures contract since July 7, 2008.
On the London Metal Exchange (LME), benchmark copper jumped to $8,349.50 a tonne, its highest since mid-July 2008, before ending up $200 at $8,300 a tonne.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil prices rose on Friday, posting a third straight weekly rise as investors bet that a weaker-than-expected U.S. jobs report bolstered the case for more monetary easing by the Federal Reserve that would keep pressure on the dollar.
The oil futures complex got further support as a strike at France's top oil port, now in its 12th day threatened to cut European oil products output. Also, a surprisingly sharp cut in the U.S. government's corn crop forecast sent cash ethanol prices sharply higher.
U.S. crude for November delivery rose 99 cents, or 1.21 percent, to settle at $82.66 a barrel, having traded from $80.30 to $83.13. For the week, prices rose $1.08, or 1.32 percent.
ICE Brent November crude rose 60 cents, or 0.72 percent, to settle at $84.03 a barrel. Brent was up 28 cents for the week, a seventh straight weekly rise.
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.