New Zealand/Australia Morning Call-Global markets

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                07:23 / 1823 GMT  
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Stock Markets           NetChng                          NetChng  
S&P/ASX 200    4,832.08 -143.32  NZSX 50         6,071.3  -82.50  
DJIA          15,910.42 -116.63  Nikkei        16,085.44 -918.86  
NASDAQ         4,237.09  -46.66  FTSE           5,632.19  -57.17  
S&P 500        1,838.85  -14.59  Hang Seng     19,288.17 +105.08  
SPI 200 Fut    4,745.00  -30.00  STI            2,623.21  +64.72  
SSEC           2,763.95  -17.07  
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Bonds                    NetChg                           NetChg  
AU 10 YR Bond     2.441  +0.032  US 10 YR Bond     1.718  -0.018  
NZ 10 YR Bond     3.030  +0.000  US 30 YR Bond     2.555  -0.005  
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Currencies              1700GMT                          1700GMT  
AUD US$          0.7063  0.7039  NZD US$          0.6644  0.6599  
EUR US$          1.1308  1.1193  Yen US$          114.75  114.91  
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Commodities  
Gold (Lon)     1,191.00          Silver (Lon)      15.42  
Gold (NY)      1,190.76          Light Crude       28.17  
TRJCRB Index     156.91   -3.67  
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 Overnight market action with latest New York figures.  

EQUITIES NEW YORK - Wall Street was lower on Tuesday, after bouncing between gains and losses in a choppy session, as the beaten-down energy and financials stocks fell further and a rebound in technology faded.

At 12:30 p.m. ET (1730 GMT), the Dow Jones industrial average .DJI was down 79.96 points, or 0.5 percent, at 15,947.09. The S&P 500 .SPX was down 8.99 points, or 0.49 percent, at 1,844.45. The index is down 13.18 percent from its record high in May through Monday's close.

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    LONDON - Weaker mining and banking stocks kept Britain's top  

share index mired near three-year lows on Tuesday as concern lingered over the global economy and the health of the financial sector.

The FTSE 100 index .FTSE , was down 1 percent at 5,632.19 points at its close, near its lowest for about three years and down 20 percent from its record high of 7,122.74 in April 2015. It has lost nearly 10 percent since the start of 2016.

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    TOKYO - Japan's Nikkei share average posted its biggest  

daily drop in nearly three years on Tuesday, with banks taking the brunt of the sell-off, while a stronger yen dragged down stocks across the board.

The Nikkei .N225 ended 5.4 percent lower at 16,085.44 points, its lowest closing level since Jan. 21 and its heftiest percentage drop since mid-2013.

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    FOREIGN EXCHANGE   

NEW YORK - The dollar tumbled to a nearly four-month low on Tuesday as growing fears of a global slowdown pushed investors to safe-haven currencies like the Japanese yen and Swiss franc.

The dollar index .DXY , which measures the greenback against a basket of world currencies, fell below 96 for the first time since October. It was last down 0.55 percent at 96.046.

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    TREASURIES   

NEW YORK - U.S. Treasuries prices rose on Tuesday as investors concerned about slowing global growth continued to shun stocks, adding interest in safe-haven U.S. government debt.

Overnight, Treasury prices rose sharply, with the yield on the 10-year note US10YT=RR falling to 1.690 percent, its lowest in a year, while the yield on the 30-year bond US30YT=RR fell to 2.514 percent, its lowest since April.

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    COMMODITIES   

GOLD NEW YORK - Gold steadied on Tuesday after surging to a 7-1/2 month high the previous day but was still underpinned by risk aversion as equities remained volatile and the dollar was weak.

Spot gold XAU= was trading down 0.1 percent at $1,189.96 an ounce by 1527 GMT, after rising to $1,200.60 on Monday, its strongest since June 22 last year.

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    BASE METALS  

LONDON - Copper prices tumbled to two-week lows on Tuesday as the rout in equities undermined growth sentiment, though volumes were subdued by a holiday in China and a market waiting for clues on demand prospects in the country.

Benchmark copper CMCU3 ended 2.2 percent down at $4,508 a tonne. The metal used widely in power and construction earlier hit a session low of $4,467.

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    OIL  

NEW YORK - Oil prices fell nearly 6 percent on Tuesday as equity markets remained weak and forecasts of swelling record high U.S. crude stockpiles faced expectations that global demand will not grow quickly enough to erase the overhang of crude any time soon.

Brent crude LCOc1 was down $1.84, or 5.7 percent, at $31.04 a barrel. U.S. crude CLc1 fell 96 cents, or 3.2 percent to $28.73.

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((Australia/New Zealand bureaux; +61 2 9321 8150/+64 4 802  

7980))



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