US markets had a soft end to the week, on Friday as consumer confidence fell and oil fell below US$60/barrel.
The S&PP500 stock index shed 0.4 per cent as US consumer sentiment data showed a decline to 64.6 from 70.8 month. Energy stocks also lost ground as the price of oil continued to fall and Chevron warned of lower profits. In financials, US consumer lender CIT fell almost 18 per cent after it was reported that the FDIC refused to guarantee its debt.