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

 


Morningstar Morning Research Update Friday, Dec 21, 2012


21-Dec-2012

Overseas Market Report
Stocks moved higher as Republican, John Boehner stated he was going to keep working on a fix to the fiscal cliff.

Third-quarter GDP was revised upwards today to 3.1% from 2.7%. Economists had expected a more modest uptick. The Commerce Department now thinks that consumer spending rose 1.6% in the quarter compared to the previous estimate of 1.4%. GDP also looked better than previous thought due to lower levels of exports, mainly due to lower oil prices... Read More

Foreign Equities (21-Dec-2012 / Close)CloseChange% Change
Dow Jones (US)13312600.45
S&P 500144480.55
NASDAQ305060.20
FTSE 100 Index5958-3-0.05
DAX 30767240.05
CAC 40366720.06
Nikkei 225 (Japan)10039-121-1.19
HKSE22660360.16
SSE Composite Index216860.28
BSE Sensitive19454-22-0.11
NZ 504075521.30

Commodities (21-Dec-2012 / Close)CloseChange% Change
Aluminium2026-22-1.09
Copper7743-154-1.96
Nickel17502-173-0.98
Gold1648-21-1.28
Silver29.91.13.72
Oil - West Texas crude90.01.61.79
Lead2305-14-0.63
Zinc2037-17-0.82

Currency (21-Dec-2012 / Close)CloseChange% Change
$A vs $US1.0483-0.0009-0.09
$A vs GBP0.64400.00040.06
$A vs YEN88.47-0.25-0.28
$A vs EUR0.79160.00100.13
$A vs $NZ1.2563-0.0026-0.21
$US vs Euro0.75510.00160.21
$US vs UK0.61430.00100.16
$US vs CHF0.91150.00210.23

Research Updates (7)

Special Reports (0)
There were no special reports published on the previous business day.

Funds (3)
Colonial First State FirstChoice Asian Share (15001) Neutral
Colonial First State FirstChoice Emerging Markets (16844) Neutral
Perennial Value Smaller Companies (8628) Silver

Shares (4)
APN (APN) Reduce
Dexus Property (DXS) Hold
FKP (FKP) Accumulate
Orica (ORI) 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

 

Budget Policy Statement: Spending Wins Over Tax Cuts; Big Ticket Items Get Boost

Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More>>

ALSO:

Fishy: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news