19 Sep 2011

Offshore markets up

9:13 am on 19 September 2011

Wall Street stocks rose for a fifth consecutive day on Friday in their best week since early July. But investors are unlikely to let their guard down.

The Dow Jones Index rose 76 points, or 0.7%, to finish the week at 11,509. The Nasdaq Composite rose 15 points, or 0.6%, to close at 2622.

The FTSE 100 in London rose for the fourth consecutive day, gaining 31 points, or 0.6%, to close at 5368. However, it is still 9% lower for the year.

The CAC-40 in Paris slipped 0.5% on Friday, while the DAX in Frankfurt rose 1.2%.

The Australian 200 Index rose 78 points, or 1.9%, to close at 4149. The NZX 50 rose 20 points, or 0.6% , to finish at 3293.

At 8.20am on Monday, the New Zealand dollar was trading at 82.43 US cents, 80.06 Australian cents, 52.38 pence, 63.48 yen and 0.6024 euro. The Trade Weighted Index was at 72.25.

Brent crude oil was trading at $US118.35 per barrel and gold was trading at $US1811.04 per ounce.