20 Jun 2013

Offshore markets down

10:32 am on 20 June 2013

Wall Street fell sharply on Wednesday after Federal Reserve chairman Ben Bernanke said stimulus measures would be scaled back later this year.

The Dow Jones index closed down 1.3%, Standard Poor's 500 Index closed down 1.4% and the Nasdaq Composite Index declined 1.1%.

The FTSE 100 in London earlier closed down 0.4%, the DAX in Frankfurt was down 0.39% and the CAC-40 in Paris was down 0.55%.

The Australian 200 Index closed up nearly 1% on Wednesday at 4,861 as it watched for news on what the US Federal Reserve would do. The NZX 50 closed down 0.4%.

Brent crude Oil was trading flat on Thursday morning at about $US106 per barrel and gold was trading at $US1363 per ounce.