12 Oct 2009

Dow higher on Friday

9:03 am on 12 October 2009

The New Zealand stock market opens at 3163 on Monday.

The NZX50 closed down 6 points, or 0.2%, on Friday on turnover of $71 million.

The Australian 200 Index was also down 17 points to 4753.

However, in Toyko, the Nikkei Index was up 184 points to 10,016.

The Dow Jones Index was up 78 points at 9865 on Friday - its highest level this year. The Nasdaq Composite was up 15 points to 2139.

For the week, the Dow Jones rose 4% and the Nasdaq gained 4.5%.

In London, the FTSE100 was up 0.1% while the CAC-40 index in Paris was up 0.2%. The DAX in Frankfurt was flat.

At 8.30am, the New Zealand dollar was trading at 73.35 US cents, 81.11 Australian cents, 46.25 pence, 65.66 yen and 0.4975 euro. The Trade Weighted Index was at 66.18.

Brent crude oil rose to $US69.80 per barrel, due to better than expected economic data and a weaker US dollar. Gold was trading at $US1048.25 per ounce.