New Zealand/Australia Morning Call-Global markets

Reuters

-----------------------(07:18 / 1818

GMT)-----------------------

Stock Markets

S&P/ASX 200 5,319.18 -73.92 NZSX 50 4,918.66 +2.99

DJIA 15,743.93 -6.74 Nikkei 14,567.16 -21.52

NASDAQ 3,939.40 +19.48 FTSE 6,630.00 -96.79

S&P 500 1,771.82 +4.13 Hang Seng 22,463.83 -437.58

SPI 200 Fut 5,324.00 -12.00 TRJCRB Index 273.91 +0.48

Bonds

AU 10 YR Bond 4.228 -0.035 US 10 YR Bond 2.731 -0.037

NZ 10 YR Bond 4.785 +0.005 US 30 YR Bond 3.835 -0.020

Currencies (Prev at 7pm NZST)

AUD US$ 0.9320 0.9293 NZD US$ 0.8251 0.8223

EUR US$ 1.3445 1.3435 Yen US$ 99.35 99.56

Commodities

Gold (Lon) 1272.50 Silver (Lon) 20.700

Gold (NY) 1267.61 Light Crude 94.30

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Overnight market action with latest New York figures.

EQUITIES

NEW YORK - U.S. stocks fell on Wednesday as uncertainty over

how soon the Federal Reserve will begin to wind down its

stimulus hurt the appeal of equities.

The Dow Jones industrial average was down 69.19

points, or 0.44 percent, at 15,681.48. The Standard & Poor's 500

Index was down 3.32 points, or 0.19 percent, at

1,764.37. The Nasdaq Composite Index was down 3.25

points, or 0.08 percent, at 3,916.68.

For a full report, double click on

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LONDON - Britain's benchmark equity index had its worst

one-day fall since mid-August on Wednesday, weighed down by

weaker financial stocks and the possibility the Bank of England

may raise interest rates earlier than forecast.

The blue-chip FTSE 100 index closed down by 1.4

percent, or 96.79 points, at 6,630.00 points - marking its

biggest one-day fall since declining 1.6 percent on Aug. 15.

For a full report, double click on

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TOKYO - Japanese stocks retreated from a three-week high on

Wednesday as concerns about an imminent turn in U.S. monetary

policy dented risk appetite, while Sumitomo Mitsui Financial

Group outperformed after raising its earnings forecast.

The Nikkei closed down 0.2 percent at 14,567.16 in

choppy trade after moving in and out of positive territory

earlier. The index rose to as high as 14,599.53 in the morning,

the highest since Oct 23.

The Topix shed 0.1 percent to 1,204.19.

For a full report, double click on

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FOREIGN EXCHANGE

NEW YORK - The euro reversed earlier losses and rose to a

four-day peak against the dollar on Wednesday in mostly

technical trading.

The euro was last at $1.3461, up 0.2 percent, after bouncing

off minor trendline support around $1.3390.

For a full report, double click on

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TREASURIES

NEW YORK - U.S. Treasuries prices rose on Wednesday as

investors prepared for a $24 billion auction of 10-year notes,

the second leg of the Treasury's $70 billion quarterly refunding

this week.

On the open market, benchmark 10-year notes were

up 8/32 in price, yielding 2.737 percent, down 3 basis points

from late on Tuesday.

The 30-year bond was 12/32 higher in price with

a yield of 3.833 percent, down 2 basis points from late on

Tuesday.

For a full report, double click on

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COMMODITIES

GOLD

LONDON - Gold rose on Wednesday, snapping a four-day fall,

after U.S. Federal Reserve officials gave mixed signals on the

timing for rolling back monetary stimulus and the dollar

stabilised.

Spot gold gained 0.5 percent to $1,274.10 an ounce by

1458 GMT. It was still not far from a four-week low hit on

Tuesday, when it fell as much as 1.7 percent to $1,260.89, its

lowest since Oct. 15.

Comex gold futures for December edged up $1.60 to

$1,272.70 an ounce. Traders also said that there has been some

unwinding of futures positions as participants prepare to roll

over to the next trading month of February.

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BASE METALS

LONDON - Copper tumbled to its lowest level in three months

on Wednesday after a U.S. Federal Reserve official raised the

prospect of a retreat from monetary stimulus next month and a

Chinese policy meeting disappointed investors.

Three-month copper on the London Metal Exchange

closed down 2 percent at $6,980 a tonne, after touching a low of

$6,956, the weakest since Aug. 7.

For a full report, double click on

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OIL

NEW YORK - Oil futures on both sides of the Atlantic climbed

more than $1 on Wednesday as support from Libyan supply outages

offset forecasts of a rise in U.S. stockpiles and uncertainty

over how soon the U.S. Federal Reserve will begin to reduce

monetary stimulus.

Brent crude rose $1.40 to $107.21 cents a barrel by

11:10 a.m. EST (1610 GMT), and hit an earlier high of $107.31.

U.S. crude rose $1.41 to $94.45. The U.S. contract fell

more than $2 a barrel Tuesday to a four-and-a-half-month low.

For a full report, double click on

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