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CBA, GNC, PRR, TAH, VAH, WTF,

AAP

2012-11-13

A roundup of trading on major world markets:

NEW YORK - US stocks closed flat as persistent fears about the looming "fiscal cliff" of spending cuts and tax hikes at year-end cast a cloud over encouraging China trade data.

In closing trade, the Dow Jones Industrial Average was down 2.00 points (0.02 per cent) at 12,817.39.

The broad-market S&P 500 edged up a bare 0.17 point (0.01 per cent) to 1,380.02, while the tech-rich Nasdaq Composite fell 0.62 (0.02 per cent) to 2,904.25.

LONDON - European stock markets and the euro were treading water as European Union (EU) ministers met over Greek debt but were unlikely to release critically needed bailout funds.

London's FTSE 100 index of top companies edged down a mere 0.04 per cent to 5,767.27 points on Monday, while in Frankfurt the DAX 30 ended up just 0.07 per cent to 7,168.76 points, and in Paris the CAC 40 slid 0.35 per cent lower to 3,411.65 points.

Going into the EU finance ministers' meeting, Jean-Claude Juncker, who heads the Eurogroup of finance ministers, said Greece had "delivered" on its economic reform pledges and a long-awaited report from its troika of creditors - the European Union, European Central Bank and International Monetary Fund - is "positive".

But Germany said only part of the troika's latest report was available, and a final decision was not immediately expected on a fresh aid tranche of 31.5 billion euros ($A38.8 billion) held back since June.

Athens has said it needs the money by the end of the week or it faces defaulting on a bond repayment.

The euro edged up to $US1.2716 from $US1.2709 late in New York on Friday.

HONG KONG - Asian markets were mixed as news that Japan's economy shrank in the July-September quarter and fears over the US "fiscal cliff" offset another round of healthy Chinese data.

Tokyo fell 0.93 per cent, or 81.16 points, to 8,676.44, Sydney lost 0.31 per cent, or 14.0 points, to end at 4,448.0 and Seoul shed 0.19 per cent, or 3.54 points, to 1,900.87.

Hong Kong added 0.210 per cent, or 45.92 points, to 21,430.30 and Shanghai was 0.49 per cent, or 10.21 points, higher at 2,079.27.

Recent indications that the Chinese economy is emerging from a drawn-out slumber were reinforced on Saturday when figures showed exports rose 11.6 per cent year-on-year in October, following a near 10 per cent jump in September.

WELLINGTON - The NZX 50 rose 26.07 points, or 0.7 per cent, to 3,983.99.