4 Feb 2010

Markets down

7:33 am on 4 February 2010

Stocks declined on Wall Street on Wednesday after disappointing results from drug maker Pfizer and transport companies. Slower than expected expansion in the services sector also worried investors.

The Dow Jones index was down 37 points to 10,260 and the Nasdaq Composite was down 5 points at 2185.

In Europe: the FTSE 100 index in London was down 0.6%, the CAC-40 in Paris was down 0.5% and the DAX in Frankfurt was down 0.7%.

Earlier, in Toyko, the Nikkei was up 33 points to 10,404.

The Australian 200 Index was up 43 points to 4648 on Wednesday.

The NZX 50 was down 12 points to close at 3135 on turnover of $53 million.

At 6.35am on Thursday, the New Zealand dollar was trading at 70.82 US, 80.26 Australian, 44.45 pence, 64.50 yen and 0.5089 euro. The Trade Weighted Index was at 65.40.

Brent crude oil was trading at $76.26 per barrel and gold was trading at $US1109.55 per ounce.