2 Aug 2011

Offshore markets down

9:05 am on 2 August 2011

Stocks on Wall Street fell for a sixth day on Monday as time runs out for the US Government to pass a deal to raise the federal debt limit and the economy shows further signs of stalling.

The Dow Jones Index closed down 11 points at 12,132.

The Nasdaq Composite fell 12 points, or 0.4%, to finish at 2745.

The FTSE 100 index in London closed down 0.70% at 5774.

But in Frankfurt, the DAX fell 2.9% to 6954 points and the CAC-40 in Paris dropped 2.3%to 3588.

Across the Tasman, the Australian 200 Index closed in the black, rising 73 points, or 1.7%, to 4498 on Monday.

The NZX 50 rose 18 points, or 0.5%, to finish at 3414.

At 8.15am on Tuesday, the New Zealand dollar was trading at 87.62 US cents, 79.92 Australian cents, 53.76 pence, 67.65 yen and 0.6147 euro. The Trade Weighted Index was at 74.84.

Brent crude oil was trading at US$117.21 per barrel and gold was trading at $US1621.19 per ounce.