10 Feb 2012

US markets little changed on Greek deal

8:39 am on 10 February 2012

Stocks on Wall Street are little changed, as initial enthusiasm fades over the Greek deal.

Meanwhile, latest data indicates an improving labor market in the United States.

Jobless claims fell last week and a payrolls report last week was better than expected.

The Dow Jones Index on Thursday was up 25 points at 12,909. The Nasdaq Composite was up 12points at 2927.

European markets were bouyed by news of the austerity package deal in Greece.

The DAX in Frankfurt rose 0.6%, the CAC-40 in Paris rose 0.4% and the FTSE 100 in London rose almost 0.3%.

The Australian 200 Index slipped 8 points to close at 4283 on Thursday and the NZX 50 rose 2 points to finish at 3327.

At 7am on Friday, the New Zealand dollar was trading at 83.43 US cents, 77.33 Australian cents, 52.73 pence, 64.89 yen and 0.6278 euro. The Trade Weighted Index was at 73.05.

Brent crude oil was trading at $US119. 47 per barrel and gold was trading at $US1744 per ounce.