New Zealand/Australia Morning Call-Global markets

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Stock Markets

S&P/ASX 200 5,531.00 +13.24 NZSX 50 5,153.96 +11.04

DJIA 16,361.46 -140.19 Nikkei 14,429.26 +24.27

NASDAQ 4,075.56 -72.78 FTSE 6,685.69 -17.31

S&P 500 1,863.40 -15.21 Hang Seng 22,223.53 -339.27

SPI 200 Fut 5,507.00 -23.00 TRJCRB Index 310.69 -1.50

Bonds

AU 10 YR Bond 3.936 -0.037 US 10 YR Bond 2.666 +0.000

NZ 10 YR Bond 4.515 +0.000 US 30 YR Bond 3.444 +0.000

Currencies (Prev at 7pm NZST)

AUD US$ 0.9275 0.9271 NZD US$ 0.8574 0.8563

EUR US$ 1.3831 1.3831 Yen US$ 102.15 102.34

Commodities

Gold (Lon) 1301.25 Silver (Lon) 19.660

Gold (NY) 1302.78 Light Crude 100.60

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Overnight market action with latest New York (Frankfurt: HX6.F - news) figures.

EQUITIES

NEW YORK - U.S. stocks dropped on Friday, pulled lower by a

selloff in consumer discretionary stocks as bellwether names

Amazon.com (NasdaqGS: AMZN - news) and Ford Motor (NYSE: F - news) fell in the wake of their quarterly

earnings.

The Dow Jones industrial average fell 140.19 points

or 0.85 percent, to end at 16,361.46. The S&P 500 dropped

15.21 points or 0.81 percent, to 1,863.40. The Nasdaq Composite

tumbled 72.777 points or 1.75 percent, to 4,075.561.

For the week, the Dow fell 0.3 percent, the S&P 500 dipped

0.1 percent and the Nasdaq lost 0.5 percent.

For a full report, double click on

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LONDON - Britain's top share index slipped on Friday from

its seven-week closing high the day before, as growing tension

in Ukraine offset encouraging updates from media group Pearson (Dusseldorf: PES.DU - news)

and betting agency William Hill (Other OTC: WIMHF - news) .

But the index ended 0.3 percent lower at 6,685.69

points, after its highest close since March 7 on Thursday,

following an escalation in tensions in Ukraine and the prospect

of more sanctions against Russia.

For a full report, double click on

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TOKYO - Tokyo's Nikkei edged up on Friday, helped by a

slightly lower-than-expected inflation print for April which

reinforced some hopes for further monetary easing by the Bank of

Japan.

The Nikkei share average closed up 0.2 percent at

14,429.26. The Nikkei lost 0.6 percent on the week, and it has

shed 11.4 percent so far in 2014.

The broader Topix index rose 0.4 percent to 1,169.99

. The new JPX-Nikkei Index 400 climbed 0.4

percent to 10,644.23.

For a full report, double click on

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FOREIGN EXCHANGE

NEW YORK - Investors moved to the safety of the yen and

Swiss franc on Friday, unnerved by escalating tensions between

the West and Russia over Ukraine, and also took advantage of

higher yielding Pacific currencies.

The dollar fell to 102.13 yen, down 0.16 percent on

the day and its worst levels in a week. The greenback slid 0.04

percent to 0.8808 Swiss francs, having fallen to a one-week low

of 0.8798 franc earlier in the day.

The Australian dollar bounced from a 2-1/2 week nadir, to

trade at $0.9268, up 0.05 percent. The New Zealand

dollar climbed 0.10 percent to $0.8574. The greenback

fell 0.82 percent to 60.64 Indian rupees.

For a full report, double click on

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TREASURIES

NEW YORK - Yields on U.S. 30-year bonds fell to their lowest

in more than nine months on Friday, sliding for a fourth

straight session, as investors sought the safety of bonds after

Russia unexpectedly raised rates hours after the S&P downgraded

the country's credit rating.

In late trading, the benchmark 10-year U.S. Treasury note

was up 6/32 in price to yield 2.66 percent, down

from 2.68 percent late Thursday. Prices of 30-year Treasury

bonds rose 13/32 to yield 3.44 percent, compared with 3.45

percent the previous session.

For a full report, double click on

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COMMODITIES

GOLD

NEW YORK - Gold rose to close at $1,300 an ounce on Friday,

extending the previous day's sharp reversal from a 2-1/2 month

low, as violence in Ukraine boosted bullion's safe-haven appeal,

and weakness in equity markets also supported gold.

Spot gold was up 0.6 percent at $1,300.74 by 3:01

p.m. EDT (1901 GMT).

U.S. COMEX gold futures for June delivery settled up

$10.20 at $1,300.80 an ounce, with trading volume about 30

percent below its 30-day average, preliminary Reuters data

showed.

For a full report, double click on

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BASE METALS

LONDON - Base metals prices were under pressure from the

deepening crisis in Ukraine on Friday, but copper bucked the

trend, edging up to a seven-week high on rising seasonal demand

in top metals consumer China.

Three-month copper on the London Metal Exchange

see-sawed between positive and negative levels and ended up 0.18

percent at $6,765 a tonne. It dropped into negative territory

intermittently through the European session after hitting a

seven-week high of $6,780 in Asian activity.

For a full report, double click on

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OIL

NEW YORK - Crude oil futures shrugged off a barrage of

threats and demands between Western powers and Russia over the

crisis in Ukraine, slipping ahead of the weekend on profit

taking and healthy supplies in North America.

At one point both Brent and U.S. crude were down over a

dollar a barrel. In the end, Brent settled at $109.58 a barrel,

75 cents, or 0.68 percent lower, while U.S. crude settled $1.34,

or 1.31 percent, lower at $100.60.

U.S. crude oil futures were the first to fall over a dollar,

widening the Brent-WTI spread (CL-LCO1=R) to near a key level of

$9.35, but Brent prices soon followed lower, narrowing that

spread.

For a full report, double click on

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