India morning call-Global markets

-----------------( 8:15 a.m India Time)-----------------------
Stock Markets
S&P/ASX 200 4,101.0 +17.0 NZSX 50 3,386.97 -38.64
DJIA 12,573.80 +162.57 Nikkei 8565.15 +28.43
NASDAQ 2,843.07 +33.34 FTSE 5,473.74 +41.37
S&P 500 1,324.18 +15.25 Hang Seng 18,862.81 -9.75
SPI 200 Fut 4,101.00 +17.00 CRB Index 270.86 +0.11

Bonds (Yield)
US 10 YR Bond 1.6471 -0.017 US 30 YR Bond 2.764 -0.006

Currencies
EUR US$ 1.2476 1.2481 Yen US$ 79.62 79.64

Commodities
Gold (Lon) 1607.89 Silver (Lon) 28.78
Gold (NY) 1609.0 Light Crude 82.77
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Updates with Tokyo and Hong Kong figures

EQUITIES
NEW YORK - U.S. stocks took their cues from Europe's
troubled debt markets on Tuesday, staging a comeback rally to
end up more than 1 percent as Spanish bond yields came off
euro-era record highs.
For the day the Dow Jones industrial average gained
162.57 points, or 1.31 percent, to 12,573.80. The Standard &
Poor's 500 Index rose 15.25 points, or 1.17 percent, to
1,324.18. The Nasdaq Composite Index added 33.34 points,
or 1.19 percent, to 2,843.07.
For a full report, double click on
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LONDON - Britain's top shares ended higher on Tuesday after
another volatile session, recovering from a fall in the
afternoon as Spanish bond yields hit their highest levels of the
euro era on worries about the impact of its banking bailout.
The FTSE 100 index closed up 41.37 points, or 0.8
percent at 5,473.74.
For a full report, double click on
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TOKYO - Japan's Nikkei share average inched up in early
trade on Wednesday on Wall Street's overnight advances but gains
were limited as investors remain concerned about Spain's
struggle to finance its own debt.
The Nikkei rose 0.7 percent to 8,596.36, while the broader
Topix stepped up 0.3 percent to 726.78.

For a full report, double click on
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HONG KONG - Hong Kong shares are set to open slightly higher
on Wednesday after Wall Street rose more than 1 percent
overnight, helped by shares of cyclical sectors as crude oil
prices halted a three-day losing streak.
The Hang Seng index as well as the China Enterprises
index were both expected to open up 0.4 percent. Shares
of European retailer Esprit were seen slumping almost
17 percent at the open after its CEO stepped down.
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FOREIGN EXCHANGE
TOKYO - The euro stayed tethered to a familiar range on
Wednesday, with many investors sticking to the sidelines ahead
of an Italian bond sale the next day and a weekend vote in
Greece which could determine the future of the euro zone.
Against this backdrop, the euro held steady at $1.2504
, bang in the middle of its 2-year low hit on June 1 at
1.2288 and a three-week high reached on Monday at 1.2672.
For a full report, double click on
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TREASURIES
NEW YORK - U.S. Treasuries prices fell on Tuesday as
investors prepared for new sales of longer-dated Treasuries on
Wednesday and Thursday, with losses accelerating after a
three-year note auction saw relatively weak demand and priced at
a concession.
Ten-year notes were last down 24/32 in price to yield 1.67
percent, up from 1.59 percent late on Monday. Thirty-year bonds
rose 1-15/32 in price to yield 2.78 percent, up from
2.71 percent.
For a full report, double click on
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COMMODITIES
GOLD
SINGAPORE - Gold traded little changed on Wednesday,
retaining gains from the previous session as investors stayed
nervous over Spain's finance after the country's borrowing costs
rose to euro-era highs.
Spot gold was little changed at $1,609.09 an ounce by
0044 GMT, after rising 0.8 percent in the previous session. U.S.
gold futures contract for August delivery
edged down 0.2 percent to $1,610.50.
For a full report, double click on
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BASE METALS
SHANGHAI - Copper prices steadied on Wednesday, as a rise in
global equity markets offset concerns about the euro zone debt
crisis, where Spanish bond yields hit a record high on Tuesday.

Three-month copper on the London Metal Exchange fell
$5.25 to $7,389.75 a tonne by 0103 GMT after dipping 0.3 percent
on Tuesday. Prices had jumped 1.7 percent on Monday on a
short-lived rally after a bailout package for Spain's banks.
The most-active September copper contract on the Shanghai
Futures Exchange edged up 0.2 percent to 53,850 yuan
($8,500) a tonne, after losing 1.1 percent in the previous
session -- much more than its London counterpart.
For a full report, double click on
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OIL
NEW YORK - Brent crude fell and U.S. crude edged up on
Tuesday in spread trading that reacted to data showing a
drawdown in stockpiles at a key U.S. hub as concerns persisted
that the euro zone debt crisis will curb demand for oil.
Brent crude fell 86 cents to settle at $97.14 a
barrel, its fourth straight lower close and the lowest
settlement since January 2011.
For a full report, double click on
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(Compiled by Manoj Dharra; Editing by Gopakumar Warrier)