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 0.7325 0.0010 0.14%
AUD 0.9615 0.0005 0.05%
EUR 0.6501 0.0006 0.09%
GBP 0.5533 0.0004 0.07%
HKD 5.6808 0.0099 0.17%
JPY 73.5970 0.0340 0.05%

Commods

Commodity Price Change Time
Gold Index 1326.1 -16.000 2016-08-24T00:
Oil Brent 49.4 -0.970 2016-08-24T00:
Oil Nymex 46.8 -1.390 2016-08-24T00:
Silver Index 18.6 -0.360 2016-08-24T00:

Indices

Symbol Open High Last %
NZX 50 7410.3 7437.8 7410.3 0.31%
NASDAQ 5254.4 5263.0 5260.1 -0.81%
DAX 10531.1 10653.2 10592.9 0.28%
DJI 18537.5 18539.2 18547.3 -0.35%
FTSE 6868.5 6868.5 6868.5 -0.48%
HKSE 22814.4 22869.0 22820.8 0.08%
NI225 16580.2 16585.8 16597.3 -0.27%
ASX 5561.7 5562.4 5561.7 0.01%