International markets roundup

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A roundup of trading on major world markets:

NEW YORK – Wall Street stocks have risen, snapping a four-day losing streak as traders shrugged off weaker-than-expected US economic growth in the fourth quarter.

The Dow Jones Industrial Average added 34.43 points (0.19 per cent) at 17,712.66.

The broad-based S&P 500 rose 4.87 (0.24 per cent) to 2,061.02, while the tech-rich Nasdaq Composite Index gained 27.86 (0.57 per cent) at 4,891.22.

US economic growth came in at an annual rate of 2.2 per cent for the final quarter of 2014, less than the 2.4 per cent projected by analysts and unchanged from the prior estimate, according to Commerce Department data.

LONDON – Europe’s main stock markets diverged as dealers awaited news on a deal over Greece’s finances next week, while also tracking unrest in Yemen.

London’s benchmark FTSE 100 index ended down 0.58 per cent at 6,855.02 points.

But Frankfurt’s DAX 30 index added 0.21 per cent to 11,868.33 points, while the CAC 40 in Paris rose 0.55 per cent to 5,034.06 points.

The euro rose to $US1.0919 from $US1.0884 late in New York on Thursday.

HONG KONG – Asian markets were mixed in edgy trade as investors tracked the crisis in Yemen, with fears unrest in the country could widen throughout the Middle East.

Wall Street provided another negative lead while the euro struggled after tumbling in New York from above $US1.10 earlier in the day as traders sought safe investments.

Oil price also dipped a day after surging in reaction to the unrest in Yemen.

Tokyo tumbled 0.95 per cent, or 185.49 points, to finish at 19,285.63 and Seoul fell 0.14 per cent, or 2.76 points, to 2,019.80, while Hong Kong was barely changed, edging down 10.88 points to 24,486.20.

However, Sydney added 0.69 per cent, or 40.84 points, to close at 5,919.9 following a heavy fall on Thursday, while Shanghai ended up 0.24 per cent, or 9.00 points, at 3,691.10 on hopes for more Chinese stimulus.

WELLINGTON – The NZX 50 Index rose 21.08 points, or 0.4 per cent, to 5,854.248.