Sunday November 22, 07:51 PM
UPDATE 1-New Zealand/Australia Morning Call-Global markets
-----------------------(06:33 / 1933 GMT)-----------------------
Stock Markets
S&P/ASX 200 4,685.76 -63.44 NZSX 50 3,113.63 -27.55
DJIA 10,318.16 -14.28 Nikkei (news) 9,497.68 -51.79
NASDAQ (NASDAQ: news) 2,146.04 -10.78 FTSE 5,251.41 -16.29
S&P 500 1,091.38 -3.52 Hang Seng (news) 22,643.16 -187.32
SPI (news) 200 Fut 4,694.00 -7.00 CRB Index 274.58 +0.31
Bonds
AU YR Bond 94.570 -0.020 US 10 YR Bond 3.369 +0.000
NZ 10 YR Bond 6.015 +0.010 US 30 YR Bond 4.297 +0.000
Currencies (Prev at 7pm NZST)
AUD US$ 0.9149 0.9193 NZD US$ 0.7240 0.7305
EUR US$ 1.4863 1.4911 Yen US$ 88.82 88.76
Commodities
Gold (Lon) 1140.00 Silver (Lon) 18.180
Gold (NY) 1150.00 Light Crude 77.67
____________________________(Nov 23)____________________________
Overnight market action with latest New York figures.
EQUITIES
NEW YORK - U.S. stocks fell for a third straight day on
Friday as investors took weaker-than-expected results from
computer maker Dell (NASDAQ: DELL - news) and homebuilder D.R. Horton
as a further sign that the recovery would be anemic.
The Dow Jones industrial average fell 14.28 points, or
0.14 percent, to 10,318.16. The Standard & Poor's 500 Index dropped 3.52 points, or 0.32 percent, to 1,091.38. The
Nasdaq Composite Index slipped 10.78 points, or 0.50
percent, to 2,146.04.
For a full report, double click on
- - - -
LONDON - Britain's top share index ended in negative
territory for a fourth consecutive session on Friday as weakness
in commodity stocks and banks outweighed gains from defensive
pharmaceuticals.
The FTSE 100 ended down 16.29 points, or 0.3 percent,
at 5,251.41 points, the lowest close since Nov 10. It ended down
1.4 percent on Thursday, its biggest one-day fall for three
weeks. The index is still up 52 percent from a March low.
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei stock average fell 0.5 percent on
Friday and logged its first four-week losing streak in over a
year, with Sony (Munich: 853687 - news) sliding after its new growth strategy
failed to reassure investors.
The Nikkei fell 51.79 points to a four-month closing low of
9,497.68. The broader Topix index edged up 0.1 percent to
838.71.
Tokyo's stock market will be closed on Monday for a public
holiday.
For a full report, double click on
- - - -
SYDNEY - Australian stocks are set for a tepid open on Monday
after Wall Street fell for a third straight session as weak
corporate results fueled concerns about the U.S. economic
recovery.
Share index futures stood 7 points lower at 4,694.0
points, a premium of 8.2 points to the 4,685.8 close in the
underlying S&P/ASX 200 index on Friday.
Financial and commodity stocks may struggle as crude fell and
metals put in a mixed showing.
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar rose for a second straight session on
Friday as risk tolerance fell and investors cut exposure to
assets and currencies perceived as higher risk ahead of a
holiday-shortened week in the United States.
The euro fell 0.4 percent to $1.4859 after touching a
two-week low of $1.4800.
Against the yen, the dollar slipped 0.1 percent to 88.98 yen while the euro fell below and then hovered around its
200-day moving average near 132.10 yen.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - Most U.S. Treasuries prices retreated on Friday as
traders cut prices ahead of supply in the coming week, but demand
for short-term debt before the year's end pushed those yields to
11-month lows.
Reflecting demand for shorter securities, the two-year
Treasury note's price was down just 1/32, its yield at
0.73 percent, a slimmer loss than longer-dated Treasuries
suffered.
For a full report, double click on
- - - -
COMMODITIES
GOLD
NEW YORK - Gold rallied late on Friday in the face of a
stronger dollar and ended higher for a third straight week on
investor sentiment amid inflation concerns and economic
uncertainty.
U.S. COMEX December gold settled up $4.90 at $1,146.80
an ounce on the NYMEX. December has now ended higher for a sixth
straight session.
Spot gold was at $1,150.10 an ounce at 3:38 p.m. EST
(2038 GMT), against $1,143.50 late in New York on Thursday.
For a full report, double click on
- - - -
BASE METALS
LONDON - Copper prices ended higher on Friday as potential
supply threats in Chile (CHILE.SN - news) added to bullish prospects of a stronger
demand outlook next year and further investment money flows into
the broader commodity complex.
Copper for December delivery on the New York
Mercantile Exchange's COMEX division ended up 2.70 cents at
$3.1080 a lb, well within striking distance of this week's
14-month peak of $3.1720.
On the London Metal Exchange (LME), benchmark copper
was untraded at the close but last bid at $6,845 from $6,790 a
tonne on Thursday.
For a full report, double click on
- - - -
OIL
NEW YORK - Oil prices slipped nearly 1 percent to below $77 a
barrel on Friday as a stronger dollar weighed on prices and
falling equities raised concern about the economy and the outlook
for energy demand.
U.S. crude for December delivery, which expired
Friday, fell 74 cents to settle at $76.72 a barrel. In London,
Brent crude for January delivery slipped 44 cents to
settle at $77.20.
For a full report, double click on
- - - -
((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234))
Keywords: MORNINGCALL/
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