Wall Street's S&P500 tops 1400

Wall Street’s broad S&P 500 index topped 1400 for the first time in three months, led by gains in energy shares.

At the close (8am NZ time), the benchmark was up 0.9% to 1401.35, with every company in the  energy group rising. Chesapeake, the second-largest US natural gas producer, jumped on higher-than-expected revenue and asset-sale plans.

The blue chip Dow Jones Industrial Average was up 51.09 points, or 0.4%, to 13,168.60, extending gains into a third consecutive day.

The Nasdaq Composite Index advanced 0.9% to 3015.86.

Other markets: Europe, Asia up
European markets edged mostly higher, with the Stoxx 600 index up 0.1% at 266.95.

In the UK, Standard Chartered shares plunged after the New York State Department of Financial Services alleged that a unit at the bank handled at least $US250 billion in illegal transactions with Iranian entities. The bank said it "strongly rejects" the allegations.

UK industrial production slumped 2.5% in June after rising 1% in May. The FTSE 100, which had been hovering around the flat line, fell 0.2% to 5798.38.

In Germany's manufacturing sector, incoming orders fell more than expected in June. The DAX index was flat immediately after the figures but then recovered to trade up 0.2% at 6932.92.

France's CAC 40 was 0.4% higher at 3414.65. Spain's IBEX 35 was up 0.8% at 7107.70 and Greece's ASE index increased 2.1% to 621.14.

Asian markets were broadly higher, with Japan's Nikkei Stock Average advancing 0.9% to 8803.31, after the Bank of Japan extended measures encouraging companies to buy foreign assets in order to curb yen strength.

Australian mining companies helped the resource-heavy S&P ASX 200 post a 0.4% gain to 4291.60. Standard Chartered skidded 7.4% in Hong Kong but the Hang Seng rose 0.4% to 20,072.55.

Commodities: Oil up, gold down
Crude-oil futures added 1.4% to $US93.50 a barrel, while gold futures eased less than 0.1% to $US1615.50 an ounce.

The US dollar fell against the euro but gained ground against the yen.


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NZ Market Snapshot

Forex

Sym Price Change
USD 0.7113 0.0000 0.00%
AUD 0.9508 0.0000 0.00%
EUR 0.6400 0.0000 0.00%
GBP 0.5202 0.0000 0.00%
HKD 5.5327 0.0000 0.00%
JPY 72.5690 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1322.4 67.410 2016-06-24T00:
Oil Brent 49.0 -2.570 2016-06-24T00:
Oil Nymex 47.6 -2.510 2016-06-24T00:
Silver Index 17.8 0.440 2016-06-24T00:

Indices

Symbol Open High Last %
NZX 50 6821.4 6853.1 6821.4 -2.25%
NASDAQ 4715.8 4798.2 4910.0 -4.12%
DAX 9237.6 9720.1 10257.0 -6.82%
DJI 17946.6 17946.6 18011.1 -3.39%
FTSE 6338.1 6338.6 6338.1 -3.15%
HKSE 20483.5 21034.2 20868.3 -2.92%
NI225 16333.9 16389.2 16238.4 -7.92%
ASX 5280.7 5325.4 5280.7 -3.17%