(Adds Sydney outlook)
-----------------------(06:30 / 2030 GMT)-----------------------
Stock Markets S&P/ASX 200 4,861.83 +23.95 NZSX 50 3,452.14 +12.29 DJIA 12,376.72 +56.99 Nikkei 9,708.39 -46.71 NASDAQ 2,789.60 +8.53 FTSE 6,009.92 +101.16 S&P 500 1,332.41 +6.58 Hang Seng 23,801.90 +274.38 SPI 200 Fut 4,907.00 +33.00 CRB Index 360.89 +1.46
Bonds AU 10 YR Bond 5.543 +0.000 US 10 YR Bond 3.450 +0.000 NZ 10 YR Bond 5.700 +0.000 US 30 YR Bond 4.488 +0.000
Currencies (Prev at 7pm NZST) AUD US$ 1.0388 1.0333 NZD US$ 0.7670 0.7615 EUR US$ 1.4238 1.4161 Yen US$ 84.06 83.56
Commodities Gold (Lon) 1418.00 Silver (Lon) 37.630 Gold (NY) 1427.88 Light Crude 107.94
Overnight market action to New York close on Friday.
EQUITIES
NEW YORK - U.S. stocks started a traditionally healthy month on strong footing on Friday after solid jobs figures, but the S&P 500 may need help to break to new multi-year highs.
The S&P hovered near 1,333, a significant level as it represents double the 12-year low hit in March 2009. It is close to the 1,344 representing the S&P's 2011 high, its highest since June 2008.
The Dow Jones industrial average hit 12,419.71 -- its highest intraday level going back to June 2008 -- before closing up 56.99 points, or 0.46 percent, at 12,376.72. The Standard & Poor's 500 rose 6.58 points, or 0.50 percent, to 1,332.41. The Nasdaq Composite gained 8.53 points, or 0.31 percent, to 2,789.60.
For a full report, double click on
- - - -
LONDON - Strong banks and commodity stocks hauled Britain's top share index back above the 6,000 level to a nearly six-week closing high on Friday as solid U.S. jobs data indicated the economic recovery was gathering pace.
The FTSE 100 ended up 101.16 points, or 1.7 percent, at 6,009.92, its highest close since Feb. 21. It ended down 0.7 percent on Thursday after six straight sessions of gains.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average began a new financial year with a small loss on Friday, running out of steam after bumping into key technical resistance, and more losses are expected in the near term as companies are likely to lower their profit outlooks after last month's earthquake.
Japanese shares have recouped around two-thirds of their losses from a massive post-quake sell off but traders said the rebound had run its course and shares may fall next week as more companies threaten to sour the mood with bad news on profits.
The benchmark Nikkei climbed as high as 9,822.06 on Friday, hitting its 200-day moving average and its highest since a panic sell-off on March 14, but retreated to end the day down 0.5 percent at 9,708.39. The broader Topix shed 0.8 percent to 862.62.
For a full report, double click on
- - - -
SYDNEY - Australian shares will likely gain on Monday, as the strong jobs reading from the U.S. on Friday reinforced the economic optimism which has driven the market higher.
Share price index futures rose 33 points to 4,907, a 45.2 point premium to the close of the underlying S&P/ASX 200 .
- - - -
FOREIGN EXCHANGE
NEW YORK - The addition of more than 200,000 U.S. jobs wasn't enough to boost the dollar against the euro on Friday, and the greenback may have more losses in store as markets brace for a euro zone interest rate hike next week.
The employment report, which also showed the U.S. jobless rate slipping to 8.8 percent last month, did push the dollar above 84 yen, its highest in more than six months, as traders expect Japanese interest rates to stay at a record low.
For more on the data, see
The euro rose 0.5 percent to $1.4231, well off a $1.4059 low. Traders said stop-loss orders around $1.4060 led to some euro buying.
The currency rose some 6 percent in the 27 days from its low of $1.3428 on Feb. 14 to $1.4249 last week, the 2011 high. Traders said a break of that could prompt a run at $1.4283, the Nov. 4 peak.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - Investors in U.S. Treasuries will be closely watching a European interest rate decision next week as well as looking for further signs of how soon the U.S. central bank may follow in raising rates.
After an early sell off on Friday, in the wake of good U.S. employment data, Treasuries ended mostly higher in price, indicating the market may pause from a two-week selloff fueled in part by concerns the Fed may raise rates sooner than previously expected.
Five-year notes rose 5/32 in price on Friday to yield 2.25 percent, down from 2.27 percent on Thursday, and
10
year notes rose 6/32 in price to yield 3.45 percent, down from 3.47 percent.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold slipped on Friday as an encouraging U.S. jobs report boosted the dollar, though euro zone debt worries and unrest in the Middle East lifted bullion off lows.
Positive nonfarm payrolls and manufacturing data confirmed a strengthening U.S. economy, but economists said the news was not enough to push the Federal Reserve away from an ultra-easy monetary stance that has helped gold hit record highs.
Spot gold dropped 0.6 percent to $1,428.20 an ounce as of 2:01 p.m. EDT (1801 GMT), sharply off its low at $1,412.55 hit earlier in the session.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper ended lower on Friday, building upon the
2.4
percent loss recorded in the first quarter, as a lull in Chinese buying and a rising trend in inventories continued to reflect near-term demand weakness.
Copper's losses at the start of the new quarter bucked the firmer tone in U.S. equities, which raced to their highest level since June 2008 after data showed a second straight month of solid gains in jobs and a slight drop in unemployment, which stood at two-year lows.
London Metal Exchange (LME) three-month copper was untraded at the close and last bid at $9,359 a tonne versus Thursday's close at $9,430.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil prices jumped on Friday, as supportive U.S. jobs data reinforced economic growth expectations and Libya's conflict and Middle East unrest kept supply threats in focus, pushing both Brent and U.S. crude to their highest settlements since 2008.
Brent crude for May rose $1.34 to settle at $118.70 a barrel, the highest close since August 2008 and up $3.11 for the week. It hit a May contract peak of $119.14 in post-settlement trading.
For a full report, double click on
- - - - ((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MORNINGCALL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stock Markets S&P/ASX 200 4,861.83 +23.95 NZSX 50 3,452.14 +12.29 DJIA 12,376.72 +56.99 Nikkei 9,708.39 -46.71 NASDAQ 2,789.60 +8.53 FTSE 6,009.92 +101.16 S&P 500 1,332.41 +6.58 Hang Seng 23,801.90 +274.38 SPI 200 Fut 4,907.00 +33.00 CRB Index 360.89 +1.46
Bonds AU 10 YR Bond 5.543 +0.000 US 10 YR Bond 3.450 +0.000 NZ 10 YR Bond 5.700 +0.000 US 30 YR Bond 4.488 +0.000
Currencies (Prev at 7pm NZST) AUD US$ 1.0388 1.0333 NZD US$ 0.7670 0.7615 EUR US$ 1.4238 1.4161 Yen US$ 84.06 83.56
Commodities Gold (Lon) 1418.00 Silver (Lon) 37.630 Gold (NY) 1427.88 Light Crude 107.94
Overnight market action to New York close on Friday.
EQUITIES
NEW YORK - U.S. stocks started a traditionally healthy month on strong footing on Friday after solid jobs figures, but the S&P 500 may need help to break to new multi-year highs.
The S&P hovered near 1,333, a significant level as it represents double the 12-year low hit in March 2009. It is close to the 1,344 representing the S&P's 2011 high, its highest since June 2008.
The Dow Jones industrial average hit 12,419.71 -- its highest intraday level going back to June 2008 -- before closing up 56.99 points, or 0.46 percent, at 12,376.72. The Standard & Poor's 500 rose 6.58 points, or 0.50 percent, to 1,332.41. The Nasdaq Composite gained 8.53 points, or 0.31 percent, to 2,789.60.
For a full report, double click on
- - - -
LONDON - Strong banks and commodity stocks hauled Britain's top share index back above the 6,000 level to a nearly six-week closing high on Friday as solid U.S. jobs data indicated the economic recovery was gathering pace.
The FTSE 100 ended up 101.16 points, or 1.7 percent, at 6,009.92, its highest close since Feb. 21. It ended down 0.7 percent on Thursday after six straight sessions of gains.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei average began a new financial year with a small loss on Friday, running out of steam after bumping into key technical resistance, and more losses are expected in the near term as companies are likely to lower their profit outlooks after last month's earthquake.
Japanese shares have recouped around two-thirds of their losses from a massive post-quake sell off but traders said the rebound had run its course and shares may fall next week as more companies threaten to sour the mood with bad news on profits.
The benchmark Nikkei climbed as high as 9,822.06 on Friday, hitting its 200-day moving average and its highest since a panic sell-off on March 14, but retreated to end the day down 0.5 percent at 9,708.39. The broader Topix shed 0.8 percent to 862.62.
For a full report, double click on
- - - -
SYDNEY - Australian shares will likely gain on Monday, as the strong jobs reading from the U.S. on Friday reinforced the economic optimism which has driven the market higher.
Share price index futures rose 33 points to 4,907, a 45.2 point premium to the close of the underlying S&P/ASX 200 .
- - - -
FOREIGN EXCHANGE
NEW YORK - The addition of more than 200,000 U.S. jobs wasn't enough to boost the dollar against the euro on Friday, and the greenback may have more losses in store as markets brace for a euro zone interest rate hike next week.
The employment report, which also showed the U.S. jobless rate slipping to 8.8 percent last month, did push the dollar above 84 yen, its highest in more than six months, as traders expect Japanese interest rates to stay at a record low.
For more on the data, see
The euro rose 0.5 percent to $1.4231, well off a $1.4059 low. Traders said stop-loss orders around $1.4060 led to some euro buying.
The currency rose some 6 percent in the 27 days from its low of $1.3428 on Feb. 14 to $1.4249 last week, the 2011 high. Traders said a break of that could prompt a run at $1.4283, the Nov. 4 peak.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - Investors in U.S. Treasuries will be closely watching a European interest rate decision next week as well as looking for further signs of how soon the U.S. central bank may follow in raising rates.
After an early sell off on Friday, in the wake of good U.S. employment data, Treasuries ended mostly higher in price, indicating the market may pause from a two-week selloff fueled in part by concerns the Fed may raise rates sooner than previously expected.
Five-year notes rose 5/32 in price on Friday to yield 2.25 percent, down from 2.27 percent on Thursday, and
10
year notes rose 6/32 in price to yield 3.45 percent, down from 3.47 percent.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold slipped on Friday as an encouraging U.S. jobs report boosted the dollar, though euro zone debt worries and unrest in the Middle East lifted bullion off lows.
Positive nonfarm payrolls and manufacturing data confirmed a strengthening U.S. economy, but economists said the news was not enough to push the Federal Reserve away from an ultra-easy monetary stance that has helped gold hit record highs.
Spot gold dropped 0.6 percent to $1,428.20 an ounce as of 2:01 p.m. EDT (1801 GMT), sharply off its low at $1,412.55 hit earlier in the session.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper ended lower on Friday, building upon the
2.4
percent loss recorded in the first quarter, as a lull in Chinese buying and a rising trend in inventories continued to reflect near-term demand weakness.
Copper's losses at the start of the new quarter bucked the firmer tone in U.S. equities, which raced to their highest level since June 2008 after data showed a second straight month of solid gains in jobs and a slight drop in unemployment, which stood at two-year lows.
London Metal Exchange (LME) three-month copper was untraded at the close and last bid at $9,359 a tonne versus Thursday's close at $9,430.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil prices jumped on Friday, as supportive U.S. jobs data reinforced economic growth expectations and Libya's conflict and Middle East unrest kept supply threats in focus, pushing both Brent and U.S. crude to their highest settlements since 2008.
Brent crude for May rose $1.34 to settle at $118.70 a barrel, the highest close since August 2008 and up $3.11 for the week. It hit a May contract peak of $119.14 in post-settlement trading.
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 2011. 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.