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 0.7065 0.0050 0.71%
AUD 0.9479 0.0070 0.74%
EUR 0.6306 0.0047 0.75%
GBP 0.5496 0.0068 1.25%
HKD 5.5057 0.0411 0.75%
JPY 78.3600 -0.0280 -0.04%

Commods

Commodity Price Change Time
Gold Index 1256.4 -2.470 2017-05-25T00:
Oil Brent 51.8 -2.520 2017-05-25T00:
Oil Nymex 48.9 -2.480 2017-05-25T00:
Silver Index 17.2 0.070 2017-05-25T00:

Indices

Symbol Open High Last %
NZX 50 7434.5 7441.6 7434.5 0.10%
NASDAQ 6183.0 6217.3 6163.0 0.69%
DAX 12604.4 12611.5 12621.7 -0.63%
DJI 21063.0 21112.3 21012.4 0.34%
FTSE 7517.7 7535.1 7517.7 0.00%
HKSE 25671.0 25724.4 25630.8 0.03%
NI225 19798.5 19801.6 19813.1 -0.64%
ASX 5789.6 5789.6 5789.6 -0.65%