It was another mixed night for international markets last evening with losses in Europe turned around late in the US session.
In London the UK’s FTSE 100 gave up 67 points (-1.2%) to settle at 5742, whilst the CAC (-1.4%) and DAX (-1.8%) also suffered heavy falls.
Stateside, the Dow Jones slumped as much as 80 points before rallying into the close to settle 20 points (+0.2%) higher, at 13146.
The S&P also bounced back from early session weakness to end just two points (-0.2%) lower, whilst the Nasdaq finished 0.3% underwater.
Data showed that weekly jobless claims fell to 359,000 last week, with the level a bit higher than expected.
Also, the Commerce Department reported that US real gross domestic product for the fourth quarter rose at a 3.0% annualized rate, unrevised from an earlier estimate.
The Aussie dollar reached down to a 10-week low against the greenback before bouncing back a touch to currently be holding under the US$1.04 handle.
Elsewhere, the yen rose against all of its 16 major counterparts as concern increased that Europe’s sovereign-debt crisis threatens global economic growth.
Oil fell to a six-week low as U.S. equities dropped and France said governments are moving closer to an agreement on a release from emergency stockpiles to curb price gains.
Crude shed 2.1% to settle at US$103.23 a barrel, whilst copper was flat and gold eked out a 0.1% gain.
Today’s session will bring us data in the form of HIA new home sales (tentative) and private sector credit (11:30am, AEDT).