10 Oct 2011

Wall St awaits US company reports

8:40 am on 10 October 2011

Wall Street investors will most likely turn their focus away from Europe's debt crisis this week, to focus on the health of US companies.

The quarterly earnings season is getting underway. Alcoa will be the first to report after after the markets close on Tuesday, followed by results from JPMorgan Chase and Google on Thursday.

On Friday, US markets closed in the red. The Dow Jones Index fell 20 points, or 0.2%, to 11,103.

The Nasdaq Composite closed on Friday down 27 points, or 1.1%, to 2479.

The Australian 200 Index closed on Friday up 92 points, 2.3%, at 4162. The NZX 50 closed on Friday 37 points, or 1.1%, to 3383.

At 8.15am on Monday, the New Zealand dollar was trading at 76.95 US cents, 79 Australian cents, 49.55 pence, 59.05 yen and 0.5760 euro. The Trade Weighted Index was at 68.61.

Brent crude oil was trading at $US108.85 per barrel and gold was trading at $US1637.88 per ounce.