12 Aug 2013

US markets down on Friday

10:40 am on 12 August 2013

Stocks in the United States fell on Friday and posted their biggest weekly decline since June as investors focused on when the Federal Reserve would begin to scale back its stimulus measures.

The Dow Jones dropped 0.47%, to end at 15,425. Standard Poor's 500 Index fell 0.3% to 1,691 and the Nasdaq Composite Index fell 0.25%.

The FTSE 100 in London was up 0.82%, the DAX in Frankfurt was up 0.24% and the CAC-40 in Paris was up 0.3%.

The Australian 200 Index closed down 10 points on Friday and the NZX 50 fell 8 points to close at 4,534.

The New Zealand dollar on Monday was trading at 80.42 US cents and 87.45 Australian cents; 51.82 pence; 77.32 yen; and 0.6023 euro. The Trade Weighted Index was at 75.33.

Brent crude oil was flat at $US109.50 per barrel and gold was trading at nearly $US1315 per ounce.