30 Aug 2010

Friday markets end up

8:39 am on 30 August 2010

Stocks rose on Wall Street on Friday, overcoming initial skittishness brought on by a revenue warning from Intel as investors warmed to comments by the US Federal Reserve on its readiness to act.

The Dow Jones Index rose 165 points to 10,151. The Nasdaq Composite up 35 points to 2154.

Earlier in Europe, the FTSE 100 in London was up 0.9%, the CAC-40 in Paris was up 0.9% and the DAX in Frankfurt rose 0.7%.

The Nikkei Index in Tokyo rose 61 points to 8906.

Across the Tasman, the Australian 200 Index was up 36 points to 4356.

The NZX 50 index fell 11 points to close at 3,007 on turnover of $91 million.

At 8.20am on Monday, the New Zealand dollar was trading at 71.43 US cents, 79.17 Australian cents, 45.97 pence, 60.92 yen and 0.5593 euro.

The Trade Weighted Index was at 66.74.

Brent crude oil was trading at $US75.81 per barrel and gold was trading at $US1236.20 per ounce.