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 0.7060 0.0062 0.89%
AUD 0.9402 0.0043 0.46%
EUR 0.6423 0.0056 0.88%
GBP 0.5373 0.0031 0.58%
HKD 5.4775 0.0505 0.93%
JPY 73.9160 0.0970 0.13%

Commods

Commodity Price Change Time
Gold Index 1319.5 -7.040 2016-07-25T00:
Oil Brent 45.1 -0.960 2016-07-25T00:
Oil Nymex 43.1 -1.080 2016-07-25T00:
Silver Index 19.6 -0.040 2016-07-25T00:

Indices

Symbol Open High Last %
NZX 50 7317.3 7325.3 7317.3 -0.09%
NASDAQ 5095.6 5122.3 5097.6 0.24%
DAX 10199.7 10275.4 10198.2 0.49%
DJI 18497.4 18522.5 18493.1 -0.10%
FTSE 6710.1 6744.8 6710.1 0.21%
HKSE 21890.9 22300.5 21993.4 0.62%
NI225 16535.8 16535.8 16620.3 -1.43%
ASX 5530.2 5537.5 5533.6 0.07%