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 0.7248 -0.0044 -0.60%
AUD 0.9467 -0.0043 -0.45%
EUR 0.6469 -0.0033 -0.51%
GBP 0.5574 -0.0031 -0.55%
HKD 5.6194 -0.0347 -0.61%
JPY 72.8850 -0.2970 -0.41%

Commods

Commodity Price Change Time
Gold Index 1326.9 -10.480 2016-09-27T00:
Oil Brent 46.5 -1.410 2016-09-27T00:
Oil Nymex 44.7 -1.260 2016-09-27T00:
Silver Index 19.2 -0.430 2016-09-27T00:

Indices

Symbol Open High Last %
NZX 50 7260.4 7290.4 7252.9 0.52%
NASDAQ 5312.7 5316.2 5305.7 -0.21%
DAX 10425.9 10518.4 10361.5 0.74%
DJI 18240.2 18281.9 18228.3 -0.15%
FTSE 6807.7 6878.2 6807.7 0.61%
HKSE 23455.7 23619.7 23571.9 0.20%
NI225 16505.0 16515.8 16683.9 -1.31%
ASX 5405.9 5435.0 5405.9 0.12%