Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Morningstar Morning Research Update Thursday, 29 Nov 2012


29-Nov-2012

Overseas Market Report
Stocks pared early losses and ended higher after House Speaker John Boehner (R-Ohio) expressed optimism that an agreement can be made among political leaders in Washington to avoid the looming fiscal cliff. President Obama was hopeful of a potential agreement, as well. The upbeat sentiment offset the tone of the Federal Reserve's beige book, which showed mixed economic conditions across the country with increases in consumer spending but drops in manufacturing.

In economic news, The US economy grew at a "measured" pace in October and November, as businesses coped with uncertainty over the federal budget outlook and the destruction wreaked by Hurricane Sandy, the Federal Reserve said in a report... Read More

Foreign Equities (29-Nov-2012 / Close)CloseChange% Change
/Dow Jones (US)129851070.83
/S&P 5001410110.79
/NASDAQ2992240.81
/FTSE 100 Index580340.06
/DAX 307343110.15
/CAC 403515130.37
/Nikkei 225 (Japan)9308-115-1.22
/HKSE21709-135-0.62
/SSE Composite Index1974-18-0.89
/BSE Sensitive188423051.65
/NZ 50401230.06

Commodities (29-Nov-2012 / Close)CloseChange% Change
/Aluminium1992-8-0.42
/Copper7747-42-0.54
/Nickel16930310.18
/Gold1719-15-0.88
/Silver33.70.30.82
/Oil - West Texas crude87.2-0.5-0.59
/Lead2186-25-1.12
/Zinc1968-4-0.20

Currency (29-Nov-2012 / Close)CloseChange% Change
/$A vs $US1.0476-0.0033-0.32
/$A vs GBP0.6539-0.0022-0.34
/$A vs YEN85.87-0.14-0.17
/$A vs EUR0.8095-0.0023-0.28
/$A vs $NZ1.27110.00150.12
/$US vs Euro0.77280.00010.01
/$US vs UK0.6243-0.0002-0.03
/$US vs CHF0.93010.00040.05


Research Updates (16)

Special Reports (1)
/Best Stock Ideas: November 2012

Funds (5)
/Kinetic Emerging Companies (15318) Gold
/Perennial Australian Listed Property (5669) Neutral
/Perennial Global Property Securities (14287) Neutral
/Vanguard International Credit Securities Index (9152) Bronze
/Vanguard International Fixed Interest Index (6428) Bronze

Shares (10)
/Aristocrat Leisure (ALL) Hold
/Amcom Telecommunications (AMM) Hold
/Arrium (ARI) Reduce
/FlexiGroup (FXL) Hold
/iiNET (IIN) Reduce
/NRW Holdings (NWH) /Hold
/Regional Express (REX) Accumulate
/Telstra (TLS) Hold
/TPG Telecom (TPM) /Hold
/Reject Shop (TRS) Hold

ETFs (0)
There were no research reports published on the previous business day.

Fixed Income (0)
There were no research reports published on the previous business day.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news