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

 

Maritime: Navigation Safety Review Raises Big Issues For The Govt

Shipping Federation: "The reports makes it clear that the ratification of the Maritime Labour convention (MLC) is long overdue. Only when the MLC is ratified will Maritime NZ be able to inspect and enforce the labour conditions on international ships visiting our ports." More>>

ALSO:

100 Years After Einstein Prediction: Gravitational Waves Found

For the first time, scientists have observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. This confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window onto the cosmos. More>>

ALSO:

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news