Wall Street falls on global growth worries

Stocks on Wall Street were down for a third day on weak economic signals from the eurozone and fresh concerns from China about slowing global growth.

The eurozone’s preliminary composite purchasing managers' index fell to a three-month low of 48.7 in March, from 49.3 in February, compared with expectations of a slight increase.

A preliminary reading of HSBC's purchasing managers' index for China fell to a four-month low.

The Dow Jones Industrial Average declined 78.48 points, or 0.6%, to finish at 13,046.14.

The S&P 500 index shed 0.7% to 1392.78. with FedEx falling 3.5% after delivering a disappointing earnings outlook and cutting its economic growth forecast.

The Nasdaq Composite slid 0.4% to 3063.32.

European markets were in broad decline, with the Stoxx Europe 600 down 1.2% at 265.49.

The UK's FTSE 100 index fell 0.8% to 5845.65, Germany's DAX closed down 1.3% at 6981.26, and France's CAC-40 index slid 1.6% at 3472.46.

In Asia, China's Shanghai Composite eased 0.1% to 2375.77 and Korea's Kospi shed 0.1% to 2026.12.

Hong Kong's Hang Seng Index snapped a four-session losing streak to gain 0.2% to 20901.56.

India's Sensex index slid 2.3% to 17196.47, its lowest close in more than two weeks.

Japan's Nikkei Stock Average firmed 0.4% to 10,127.08, while Australia's S&P/ASX 200 index added 0.5% to 4273.70.

Crude-oil futures dropped 2.4% to $US104.68 a barrel, while gold futures declined 0.8% to $US1637 an ounce.

The US dollar lost ground versus the yen but strengthened against the euro.
 


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NZ Market Snapshot

Forex

Sym Price Change
USD 0.6745 -0.0005 -0.07%
AUD 0.9338 -0.0005 -0.05%
EUR 0.6028 0.0000 0.00%
GBP 0.4597 -0.0006 -0.13%
HKD 5.2384 -0.0035 -0.07%
JPY 74.1380 0.0560 0.08%

Commods

Commodity Price Change Time
Gold Index 1219.2 -4.610 2016-05-26T00:
Oil Brent 50.2 -0.060 2016-05-26T00:
Oil Nymex 49.5 -0.080 2016-05-26T00:
Silver Index 16.3 0.080 2016-05-26T00:

Indices

Symbol Open High Last %
NZX 50 6948.8 6996.2 6947.9 0.59%
NASDAQ 4897.8 4909.4 4894.9 0.14%
DAX 10213.9 10286.2 10205.2 0.66%
DJI 17859.5 17888.7 17851.5 -0.13%
FTSE 6262.9 6281.7 6262.9 0.04%
HKSE 20425.0 20425.0 20397.1 -0.13%
NI225 16830.5 16901.1 16772.5 0.41%
ASX 5388.1 5427.7 5388.1 0.58%