25 Jan 2010

Monday market

9:06 am on 25 January 2010

The NZX 50 opens at 3190 on Monday after falling 35 points, or 1%, on Friday.

The Australian 200 Index closed down 77 points, or 1.6%, at 4751 after shares in the United States plunged for a second consecutive day on Friday.

The fall was due to concern over a plan by President Barack Obama to revamp the banking industry.

The Dow Jones lost 217 points, or 2%, to close at 10,173.

The Nasdaq Composite shed 60 points, or 2.6%, to end the week at 2205.

InLondon, the FTSE closed down 32 points, or 0.6%, at 5303. The CAC-40 in Paris fell 41 points, or 1%, to 3820 and the DAX in Frankfurt fell 52 points, or 0.9%, to 5695.

In currency markets: at 8.15am, the New Zealand dollar was trading at 70.98 US cents, 78.78 Australian cents, 44.05 pence, 63.91 yen and 0.5014 euro. The Trade Weighted Index was at 64.77.

Brent crude oil was trading at $US73.18 per barrel and gold was trading at $US1091.65 per ounce.