21 Dec 2010

US markets flat

11:31 am on 21 December 2010

Stocks in the United States are relatively flat on Monday, with traders eying tensions on the Korean peninsula.

The Dow Jones Index was up 12 points at 11,503. The Nasdaq Composite was up 14 points, 0.5%, at 2657.

However, European stock markets closed firmer on Monday, with the FTSE 100 index in London up 0.34% at 5,891.61 points.

The CAC-40 in Paris added 0.46% to reach 3,885.08 points and the DAX in Frankfurt put on 0.52% to close at 7,018.60 points

Earlier, the Nikkei in Japan lost 87 points to close at 10,216. The Hang Seng in Hong Kong shed 75 points to close at 22,639.

Across the Tasman, the Australian 200 Index closed down 26 points, or 0.5%, at 4736.

The NZX50 closed down 25 points, or 0.7%, at 3299 on turnover of $58 million.

At 8.30am on Tuesday, the New Zealand was trading at 74.30 US cents, 74.78 Australian cents, 47.88 pence, 62.23 yen and 0.5661 euro. The Trade Weighted Index was at 67.28.

Brent crude oil was trading at $US92.29 per barrel and gold was trading at $US1382.39 per ounce.