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

 

Morningstar Morning Research Update Thursday, Dec 20, 2012


20-Dec-2012

Overseas Market Report

Stocks were finished the session lower as previous optimism for a new budget deal gave way to developments that Congressional leaders and the president continue to disagree on proposals. Both Democrats and Republicans still are searching for common ground in revenue increases and spending cuts to avert the fiscal cliff, but the markets are now less hopeful a deal will be reached before Christmas.

News from the housing sector wasn't entirely positive either, as housing starts fell by 3% in November from October's seasonally adjusted levels, with single-family units decreasing by 4.1%. October's levels saw a downward revision, as well, despite a monthly gain from September. A silver lining of the Commerce Department's report was that total new-home construction was 21.6% higher year over year, and new building permits, which indicate future home construction, improved by 3.6%, ahead of economists' expectations. .. Read More

Foreign Equities (20-Dec-2012 / Close)CloseChange% Change
Dow Jones (US)13252-99-0.74
S&P 5001436-11-0.76
NASDAQ3044-10-0.33
FTSE 100 Index5962260.43
DAX 307669150.19
CAC 403665160.44
Nikkei 225 (Japan)101602372.39
HKSE226231290.57
SSE Composite Index21620-0.01
BSE Sensitive194761110.57
NZ 504023441.10

Commodities (20-Dec-2012 / Close)CloseChange% Change
Aluminium2048-31-1.51
Copper7898-98-1.22
Nickel17675-57-0.32
Gold1669-4-0.22
Silver31.10.62.03
Oil - West Texas crude88.40.70.80
Lead2319140.60
Zinc2054-1-0.05

Currency (20-Dec-2012 / Close)CloseChange% Change
$A vs $US1.04880.00290.28
$A vs GBP0.64520.00200.31
$A vs YEN88.540.160.18
$A vs EUR0.79180.00320.40
$A vs $NZ1.2535-0.0017-0.14
$US vs Euro0.75500.00080.11
$US vs UK0.61520.00020.03
$US vs CHF0.91200.00100.11


Research Updates (11)

Special Reports (1)
Australian Economic Update - December 2012

Funds (2)
Dimensional Emerging Markets (6468) Neutral
Realindex Emerging Markets (19031) Neutral

Shares (8)
Asciano (AIO) Hold
Billabong Intl (BBG) Avoid
Cardno (CDD) Reduce
Charter Hall (CHC) Hold
Premier Investments (PMV) Reduce
SkyCity (SKC) Hold
SkyCity (SKC-NZ) Hold
Reject Shop (TRS) Reduce

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

 

NZ's Space Programme: Rocket Lab Makes It To Space (But Not Orbit)

Electron lifted-off at 16:20 NZST from Rocket Lab Launch Complex 1 on the Mahia Peninsula in New Zealand. It was the first orbital-class rocket launched from from a private launch site in the world. More>>

ALSO:

Earlier:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: