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

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news