6 Oct 2009

Markets mixed

8:35 am on 6 October 2009

Investors on Wall Street have been buoyed on Monday by an upbeat report from Goldman Sachs about banks, while the services sector, which represents 80% of the US economy, expanded for the first time since August last year.

The Dow Jones Index was up 78 to 9565 on Monday. The Nasdaq Composite was up 18 points to 2064.

Earlier in Europe: London's FTSE was up 0.7%, the CAC- 40 index in Paris was 0.7% lower and the DAX in Frankfurt was up 0.8%.

In Toyko, the Nikkei Index fell 57 points to 9674.

The Australian 200 Index was down 29 points at 4573 on Monday.

The NZX50 closed down 10 points at 3139.

At 8.20am on Tuesday, the New Zealand dollar was trading at 73.13 US cents, 83.24 Australian cents, 45.84 pence, 65.41 yen and 0.4988 euro. The Trade Weighted Index was at 66.43.

Brent crude oil declined slightly to $US66.28 per barrel, pressured by jitters over the pace of economic recovery in the United States and easing concerns about Iran and Nigeria.

Gold was trading at $US1016.80 per ounce.