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 0.7122 -0.0049 -0.68%
AUD 0.9298 -0.0085 -0.91%
EUR 0.6764 -0.0020 -0.29%
GBP 0.5788 -0.0005 -0.09%
HKD 5.5298 -0.0357 -0.64%
JPY 81.0380 -0.0350 -0.04%

Commods

Commodity Price Change Time
Gold Index 1253.9 -4.530 2017-02-28T00:
Oil Brent 56.5 0.560 2017-02-28T00:
Oil Nymex 54.0 -0.030 2017-02-28T00:
Silver Index 18.4 0.119 2017-02-28T00:

Indices

Symbol Open High Last %
NZX 50 7168.7 7171.4 7167.5 -0.26%
NASDAQ 5874.9 5908.6 5825.4 1.37%
DAX 11915.0 12074.0 11834.4 1.97%
DJI 20957.3 21161.7 20812.2 1.65%
FTSE 7263.4 7383.1 7263.4 1.64%
HKSE 23849.2 23857.3 23740.7 0.15%
NI225 19226.9 19414.5 19119.0 1.44%
ASX 5712.2 5712.2 5712.2 -0.13%