20 Dec 2010

Wall Street flat

8:34 am on 20 December 2010

Stocks on Wall Street closed flat on Friday, after US politicians gave final approval to President Barack Obama's deal with Republicans to avert a New Year tax rise and extend aid to the jobless.

The Dow Jones Index closed down 7 points, or 0.06%, at 11,491.

The Nasdaq Composite closed up 5 points, or 0.2%, at 2642.

European stocks fell with the FTSE 100 index in London shedding 0.16% to finish at 5871.75 points.

The CAC-40 in Paris lost 0.54% to close at 3867.35, while the DAX in Frankfurt fell 0.60% to 6982.45.

Across the Tasman, the Australian 200 Index closed down 20 points, or 0.4%, to 4763 on Friday.

The NZX 50 closed up 31 points, or 0.9 percent, to 3325 on turnover of $136 million.

At 8.25am on Monday, the New Zealand dollar was trading at 73.65 US cents, 74.55 Australian cents, 47.46 pence, 61.85 yen and 0.5596 euro. The Trade Weighted Index was at 66.72.

Brent crude oil was trading at $US92.06 per barrel and gold was trading at $US1373 per ounce.