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

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news