MARKET TALK: S&P/ASX 200 Leads Mixed; SPI Up 0.5%

1st Jul 2010 00:39

2339 GMT [Dow Jones] S&P/ASX 200 offshore leads mixed, with overnight SPI 200 futures up 22 points, or 0.5%, at 4237.0 despite Wall Street's further decline on disappointing U.S. economic data. DJIA down 0.4% at 9732.53, S&P 500 down 0.3% at 1027.37, Nasdaq down 0.4% at 2101.36. However, major U.S. indexes closed well above their intraday lows. U.S. ISM June manufacturing index fell to 56.2 vs 59.0 expected. Weekly jobless claims rose to 472,000 vs 455,000 expected. May construction spending fell 0.2% vs 0.7% fall expected. In technology, Intel fell 1.0%. S&P 500 Financials down 0.9%, with BofA down 2.4%. S&P 500 Industrials down 0.6%, with GE down 2.1%. S&P 500 Materials down 0.7%, with Alcoa down flat, Freeport down 1.6%, Vale up 1.2%, Barrick Gold down 5.1%, Newmont down 4.5%. BHP Billiton (BHP.AU) ADRs at equivalent A$36.88 vs local close at A$37.11. London-listed BHP down 3.4%, Rio Tinto (RIO.AU) down 2.2%. S&P 500 Energy down 0.4%, with Nymex crude down US$2.68 at US$72.95. Spot gold at US$1,201.92 vs US$1,241.60 this time Thursday. EUR/USD at 1.2509 vs 1.2234. AUD/USD at 0.8462 vs 0.8416. LME copper down 2.8%, zinc down 2.9%, aluminum down 2.6%, nickel down 3.8%. S&P/ASX 200 last 4237.5. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires July 01, 2010 19:39 ET (23:39 GMT)