FED:AAP Markets Report on Friday MARKETS WRAP FINAL
SYDNEY, Sept 27 AAP - Markets Report on Friday:
INDEX MOVE CLOSE Dow Jones 55.04 15328.30 S&P500 5.90 1698.67 Nasdaq 26.33 3787.43 FTSE100 14.06 6565.59 Dax -1.53 8664.1 CAC40 -8.63 4186.72 Shanghai -42.71 2155.81 Hang Seng -84.6 23125.03 Nikkei225 178.59 14799.12 NZX 50 0.70 4765.473 S&P/ASX200 18.6 5294.5 All Ords 18.1 5288.2 SPI Contract* 10 5314 CURRENCIES*: CLOSE AUD/USD 0.9365 EUR/USD 1.3489 USD/YEN 98.93 NZD/USD 0.8292 METALS: MOVE CLOSE Gold/$USoz -12.10 1324.10 Silver/$USoz -0.12 21.766 Copper/$USlb 0.0350 3.3070 LME/$UStonne: MOVE 3MTHS Copper 53.50 7251 Tin 50.0 23225 Lead 21.00 2097 Zinc 12 1898 Aluminium 18 1822 Nickel 0 13825 OIL: MOVE CLOSE Brent Crude 0.89 109.21 WTC Crude/$Usbrl 0.37 103.03 * still trading ** preliminary close
(Gold, silver and copper are December contract; oils are November contract) Sourcedata: Reuters/Dow Jones
NEW YORK - US stocks rose for the first time in six days after some encouraging jobs and housing market data.
The Dow Jones Industrial Average rose 55.04 points (0.36 per cent) to 15,328.30.
The broad-based S&P 500 tacked on 5.90 (0.35 per cent) at 1,698.67, while the tech-rich Nasdaq Composite Index increased 26.33 (0.70 per cent) to 3,787.43.
The gains snapped a five-day losing streak on the Dow and S&P 500.
The buying came on the heels of the Labor Department's report that new claims for unemployment benefits sank by 5,000 to 305,000 last week. Analysts had predicted jobless claims, a sign of the pace of layoffs, had increased to 325,000.
Pending home sales fell 1.6 per cent in August, but that was less than the 2.3 per cent decline expected.
LONDON - European stock markets wobbled as the US reported encouraging jobs data but anxiety mounted over a looming deadline for America to reach a budget compromise.
London's benchmark FTSE 100 index climbed 0.21 per cent to close at 6,565.59 points, Frankfurt's DAX 30 slid 0.02 per cent to 8,664.10 points, and the CAC 40 in Paris dropped 0.21 per cent to 4,186.72 points.
Milan dropped by 1.2 per cent, however, on renewed concerns over the stability of the Italian government as the process of stripping former prime minister Silvio Berlusconi of his seat in the Senate following his conviction on tax fraud charges.
The euro was at $1.3484, down from $1.3525.
HONG KONG - Asian markets were mixed as attention turned to another stand-off in Washington over the US budget that could see parts of the government shut down if a deal is not agreed within days.
Earlier losses in Tokyo were reversed as traders were cheered by a report that Japan's government was planning to cut corporation taxes to negate the blow of an expected sales tax hike.
The Nikkei rose 1.22 per cent, or 178.59 points, to 14,799.12 - having sunk more than one per cent at one point in the morning - as the dollar surged against the yen.
Sydney added 0.35 per cent, or 18.6 points, to 5,294.5 and Seoul rose 0.46 per cent, or 9.26 points, to end at 2,007.32.
However, Shanghai fell 1.94 per cent, or 42.71 points, to 2,155.81 and Hong Kong lost 0.36 per cent, or 84.60 points, to 23,125.03.
WELLINGTON - The NZX 50 rose 0.75 points, or 0.02 per cent, to 4765.473.