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AAP

2013-01-18

A roundup of trading on major world markets:

NEW YORK - US stocks opened higher but bank shares were lower following Bank of America's quarterly earnings report, which came in close to expectations.

Five minutes into trade on Thursday, the Dow Jones Industrial Average was up 41.31 points, or 0.30 per cent, at 13,552.54.

The broad-based S&P 500 gained 5.51 points, or 0.37 per cent, to 1,478.14.

The tech-heavy Nasdaq Composite rose 14.43 points, or 0.46 per cent, to 3,131.97.

LONDON - European stocks advanced on positive US economic data although the mining sector suffered after Rio Tinto announced a shock $US14 billion ($A13.3 billion) write-down that sparked the resignation of its boss.

London's FTSE 100 index of leading companies rose 0.46 per cent to 6,132.36 points on Thursday and Frankfurt's DAX 30 gained 0.58 per cent to 7,735.46 points.

In Paris, the CAC 40 jumped 0.96 per cent to 3,744.11 points, winning a boost from strong earnings from supermarket giant Carrefour and European airliner group Airbus.

The euro advanced to $US1.3355 from $US1.3286 late in New York on Wednesday.

HONG KONG - Asian markets were mixed, with Tokyo ending flat after a seesaw session that saw parts suppliers hit after global aviation agencies grounded Boeing's Dreamliner.

Tokyo edged up 9.20 points to 10,609.64, after heavy losses in the previous session on the back of a strengthening yen.

Seoul lost 0.16 per cent, or 3.18 points, to 1974.27 but Sydney added 0.38 per cent, or 18.2 points, to 4756.6.

Shanghai fell 1.06 per cent, or 24.59 points, to 2284.91, while Hong Kong was flat in the afternoon.

The yen strengthened after Amari on Tuesday was quoted as saying that the currency's rapid decline in recent weeks was putting Japan's fragile recovery at risk by making imports more expensive.

WELLINGTON - The NZX 50 index rose 27.57 points, or 0.66 per cent, to 4196.81, closing on a 1,000 point gain in the last 12 months.

AA