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

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news