7 Jul 2011

Wall St up

8:34 am on 7 July 2011

Stocks rose on Wall Street as gains in transportation firms offset a slowdown in growth in the US service industry and an increase in interest rates in China.

The Dow Jones Index was up 56 points to close at 12,626 on Wednesday. The Nasdaq Composite was up 8 points at 2834.

Earlier, in Europe: the FTSE 100 in London was down 0.4%, the DAX in Frankfurt was down 0.1% and the CAC-40 in Paris down 0.4%.

In Tokyo, the Nikkei rose 110 points to 10,082.

The Australian 200 Index was up 7 points to close at 4605 on Wednesday. The NZX 50 fell 13 points to 3461.

At 8.10am on Thursday, the New Zealand dollar was trading at 82.70 US cents, 77.31 Australian cents, 51.68 pence, 66.88 yen and 0.5774 euro. The Trade Weighted Index was at 71.46.

Brent crude oil was trading at $US114.04 per barrel and gold was trading at $US1528.76 per ounce.