India Morning Call-Global markets

------------------(8:40 a.m India Time)-----------------------
Stock Markets                                                   
DJIA          13,534.89  +27.57  Nikkei        10,713.48 -165.60
NASDAQ         3,110.78  -6.72   FTSE           6,117.31   +9.45
S&P 500        1,472.34   +1.66  Hang Seng     23,324.35  -57.16
SPI 200 Fut    4,681.00  -11.00  CRB Index        297.70   +0.00

Bonds                                                           
US 10 YR Bond     1.8255  -0.01 US 30 YR Bond     3.012  -0.014

Currencies 
EUR US$          1.3287  1.3291  Yen US$           88.25   88.27

Commodities                                                     
Gold (Lon)      1682.39          Silver (Lon)     31.37        
Gold (NY)       1682.3           Light Crude      93.56        
----------------------------------------------------------------
 Updates with Tokyo and Hong Kong numbers

    EQUITIES
    NEW YORK - U.S. stocks pared losses and pulled near the
unchanged mark on Tuesday as tech heavyweight Apple came off
earlier lows and economic data helped retailers advance. 
    The Dow Jones industrial average was up 27.57 points,
or 0.20 percent, at 13,534.89. The Standard & Poor's 500 Index
 was up 1.66 points, or 0.11 percent, at 1,472.34. The
Nasdaq Composite Index was down 6.72 points, or 0.22
percent, at 3,110.78. 
    For a full report, double click on 
    - - - - 
    LONDON - British blue-chip stocks edged up on Tuesday after
a choppy day as the index managed to consolidate above 6,100
despite testing support with concerns weighing over the U.S.
debt ceiling and growth in Europe. 
    The index closed up 9.45 points, or 0.2 percent, at
6,117.31, having been down as much as 0.4 percent, but was still
0.3 percent lower than the new 4-1/2 year high of 6,133.41
posted in Monday's trade.
    For a full report, double click on 
    - - - - 
    TOKYO - Japan's Nikkei share average fell on Wednesday, set
to snap a four-day winning streak as investors took profits on
exporters from a pause in the yen's weakness, while financial
stocks also lost ground. 
    Securities firms, which have been beneficiaries of the
strong market, also weakened. Nomura Holdings skidded
1.2 percent and Daiwa Securities Group slipped 2.1
percent. 
    The Nikkei dropped 1.5 percent to 10,720.1. 
    For a full report, double click on 
    - - - -
    Hong Kong- Shares were set to start flat on Wednesday, with
strength in local property stocks ahead of an annual policy
address by the territory's chief executive offsetting weakness
in Chinese insurance and property sectors. 
   The Hang Seng Index was set to open steady at
23,390.2. The China Enterprises Index of the top Chinese
listings was indicated to start down 0.3 percent. 
    - - - -
    FOREIGN EXCHANGE
    TOKYO, Jan 16 (Reuters) - The yen extended its gain for the
second day on Wednesday after a warning about its excessive
weakness by a Japanese cabinet minister while the euro also
slipped after a top European official complained about its
recent gains. 
    The dollar fell to as low as 88.06 yen, breaking
below a key support at 88.25, the 50 percent retracement of its
Jan. 9-14 rally from 86.825 to a 2-1/2-year high of 89.67, as
well as tenkan line on the Ichimoku charts.
    For a full report, double click on 
    - - - - 
    TREASURIES 
    NEW YORK - U.S. Treasuries prices rose on Tuesday, drawing a
safety bid from weaker stock prices and from a prospective
battle in Washington over the government's borrowing limit, and
support from large debt purchases by the Federal Reserve.
    Benchmark 10-year notes rose 11/32, their yields
easing to 1.81 percent from 1.85 percent on Monday. Thirty-year
bonds rose 24/32, their yields easing to 3 percent
from 3.04 percent on Monday. 
    For a full report, double click on 
    - - - - 
    COMMODITIES 
    GOLD
    SINGAPORE- Gold inched up on Wednesday towards a near
two-week high hit in the previous session, while platinum took a
breather after rising for six straight sessions to a three-month
peak.
    Spot gold had climbed 0.3 percent to $1,683.60 an
ounce by 0025 GMT, just off Tuesday's high of $1,684.90. 
    For a full report, double click on 
    - - - - 
    BASE METALS
     SINGAPORE- London copper steadied on Wednesday from
two-week lows hit the session before, after a pick-up in U.S.
consumer spending bolstered risk appetite, although sluggish
global growth prospects kept a lid on prices.  
     Three-month copper on the London Metal Exchange was
trading at $8,000 a tonne by 0101 GMT, little changed from the
previous day when it hit two-week lows for a second session
running, at $7,940 a tonne.
    For a full report, double click on 
    - - - - 
    OIL
    NEW YORK - Brent crude oil steadied under $112 per barrel on
Tuesday on optimism that the euro zone economy may finally be
stabilising and that U.S. consumers are beginning to spend again
after several years of belt tightening. 
    Brent futures for February were down 50 cents at
$111.38 per barrel by 1445 GMT. The contract, which expires on
Wednesday, settled $1.24 higher in the previous session. 
    U.S. oil was down 20 cents to $93.94.
    For a full report, double click on 
    - - - -
    

 (Compiled by Manoj Dharra)

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