10 Jun 2013

Offshore markets up

9:05 am on 10 June 2013

Stocks in Wall Street rallied on Friday after the US May jobs report came in just right for investors - neither too weak nor too strong to rock the boat.

The Labor Department said 175,000 jobs were added in May, slightly higher than expected.

The Dow Jones Index closed up 207 points, or 1.4%, at 15,248.

The Nasdaq Composite closed up 45 points, or 1.3%, at 3,469.

In London, the FTSE 100 index was up 1.2%, the DAX in Frankfurt was up 1.92% and the CAC-40 in Paris was up 1.53%.

Markets in Australia and New Zealand both ended down on Friday.

The Australian 200 Index closed down 43 points, or nearly 1%, at 4,738. The NZX 50 ended down 15 points, or 0.3%, at 4,440.

At 8.30am on Monday, the New Zealand dollar was trading at 78.39 US cents, 83.05 Australian cents, 50.68 pence, 76.90 yen and 0.5965 euro. The Trade Weighted Index was at at 73.70.

Brent crude oil was trading at $US104. 48 per barrel and gold was trading at $US1382.74 per ounce.