12 Apr 2011

Monday markets little changed

7:35 am on 12 April 2011

Stocks were little changed on Monday on Wall Street with investors awaiting company quarterly results to see if the earnings would be strong enough to spark further gains in equities.

The Dow Jones Index was up 4 points to 12,384. The Nasdaq Composite was down 13 points to 27 67

In Europe, FTSE in London was flat, the DAX in Frankfurt was down 0.2% and the CAC-40 in Paris was down 0.6%.

In Toyko, the Nikkei was down 48 points to 9720.

The Australian 200 Index was up 31 points to 4971 and the NZX 50 was up 16 points at 3461.

The New Zealand dollar on Tuesday was at 78.10 US cents, 74.23 Australian cents, 47.74 pence, 66.09 yen and 0.5408 euro. The Trade Weighted Index was at 67.90.

Brent crude oil fell to $US127.42 per barrel due to prospects of a Libyan peace agreement. Saudi Arabia has also restated its ability to pump more oil if needed.

Gold was trading at $US1463.20 per ounce.