13 Jul 2010

US markets flat

8:43 am on 13 July 2010

Stocks are flat on Wall Street on Monday, as China's weakening demand for goods and concerns over Europe's fiscal issues distracted investors before the start of earnings season.

Alcoa will be the first to report its second-quarter results after Wall St closes.

The Dow Jones Index rose 18 points to close at 10,216. The Nasdaq Composite was up 2 points to 2,198.

In Europe, the FTSE 100 index in London rose 0.7%, the DAX in Frankfurt was up 0.2% and the CAC-40 in Paris rose 0.4%.

Earlier in Toyko, the Nikkei fell 37 points to 9548. The Hang Seng in Hong Kong was up 88 points at 20,467.

Across the Tasman, the Australian 200 rose 14 points to 4410.

The NZX50 rose 7 points, or 0.2%, to close at 3012 on low turnover of $22 million.

At 8.20am on Tuesday, the New Zealand dollar was trading at 71.09 US cents, 81.21 Australian cents, 47.29 pence, 62.95 yen and 0.5643 euro. The Trade Weighted Index was at 67.61.

Brent crude oil was trading at $US75.00 per barrel and gold was trading at $US1198.35 per ounce.