7 Feb 2011

US markets end up

8:30 am on 7 February 2011

The US stock market closed in the black on Friday, as turmoil in Egypt continued and domestic job indicators gave a confusing picture of the economy's direction.

The unemployment rate in the United States fell to 9% in January, the lowest level since 2009.

The Dow Jones Index rose 30 points, or 0.25%, to finish the week at 12092. The Nasdaq Composite gained 15 points, or 0.5%, to close at 2769.

Eruopean stocks also posted modest gains. The CAC-40 in Paris rose 0.3% to 4047, the DAX in Frankfurt gained 0.20 % to 7210, and the FTSE 100 in London also gained 0.20%, to finish the week at 5997.

The Australian 200 Index rose 42 points, or 0.9%, to close at 4863. The NZX 50 rose 18 points, or 0.5%, to 3368.

The New Zealand dollar on Monday morning was trading at 76.94 US cents, 75.93 Australian cents, 47.8 pence, 63.27 yen and 0.5667 euro. The Trade Weighted Index was at 68.4.

Brent crude oil was trading at $US99.33 per barrel and gold was trading at $US1346.80 per ounce.