MARKET TALK: S&P/ASX 200 Offshore Leads Bearish

22nd Jun 2010 00:52

2352 GMT [Dow Jones] S&P/ASX 200 offshore leads bearish, with overnight SPI 200 futures down 45 points, or 1.0%, at 4506.0 as Wall Street suffered from disappointing home sales data and steep falls in energy stocks after the White House vowed to appeal a judge's decision to block 6-month moratorium on new deepwater drilling. DJIA down 1.4% at 10293.52, S&P 500 down 1.6% at 1095.31, Nasdaq down 1.2% at 2261.80. U.S. May existing home sales fell 2.2% to 5.66 million vs expected 5% rise to 6.06 million. S&P 500 Financials down 1.5%, with KBW Bank index down 1.5%. S&P 500 Industrials down 2.4%, Caterpillar down 3.0%. S&P 500 Consumer Discretionary down 2.2%, with Home Depot down 2.6%. S&P 500 Materials down 2.2%, with Alcoa down 3.7%, Freeport down 4.2%, U.S. Steel down 2.2%. BHP Billiton (BHP.AU) ADRs at equivalent A$39.06 (based on AUD/USD at 0.8728) vs Tuesday's local close at A$39.66. London Listed BHP down 2.1%, Rio (RIO.AU) down 1.3%. S&P 500 Energy down 2.7%, with Chevron down 2.3%, Exxon down 1.9% and Nymex crude down 61 cents to US$77.21. LME copper down 0.1%, zinc up 1.2%, aluminum down 0.2%, nickel down 1.2%. Spot gold at US$1,241.05 vs US$1,234.20 this time Tuesday. EUR/USD at 1.2317 vs 1.2409. AUD/USD at 0.8728 vs 0.8796. S&P/ASX 200 last 4558.3. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires June 22, 2010 19:52 ET (23:52 GMT)