Stronger Quarter, Weaker Guidance
Sales burst by Briscoes
Fairfax the Standout
Rating Watch for Banks
Windflow Technology advised the market that its Chairman, Barrie Leay, died unexpectedly in Australia on Friday at age 73 ...
Kirkcaldie & Stains, the Wellington department store operator, today updated the market on talks with an interested party – it appears that discussions are moving very slowly, if at all. ...
Sealegs International is to launch a new boat at the 2012 Onetangi Beach Races at Waiheke Island which it will sponsor on 19 February. ...
The Bank of New Zealand’s first Confidence Survey for 2012 has found a small rise in the net percent of respondents expecting things to improve over the next 12 months. ...
[Updated] The Warehouse Group Ltd advised that total sales for The Warehouse for the quarter ended 29 January 2012, were up 4.2% on the same period last year, with same store sales up 3.1%. ...
An impending change at the top for the RBNZ suggests no action on interest rates before December, while a construction boom and pickup in the housing market will eventually help to lift the local economy. ...
[PREMIUM] This is a critical year for financial reform, the US Treasury Secretary Timothy Geithner said in Washington this week. ...
We are now on the cusp of a new year really starting. We say “cusp” as with a Waitangi day holiday still to come the holiday season will really only finish next week. ...
Westpac today released its latest Economic Overview, setting out forecasts for the New Zealand and global economies and couched the likely outcome as 'a dip rather than a disaster.' ...
The European sovereign debt crisis and Canterbury earthquakes were two bad jolts to the New Zealand economy in 2011, but the economy and financial system have the capacity to weather such shocks, Reserve Bank Governor ...
The Australian sharemarket lost ground for the fourth time in five days today with the All Ordinaries index (XAO) easing by 0.3 pct or 13.1 pts to 4320.1, says Steven Daghlian Commsec Market Analyst. ...
[PREMIUM] ExxonMobil has recorded fourth quarter earnings of $9.4 billion, up 2% from the fourth quarter of 2010. {4Q presentation attached] ...
The Australian sharemarket kicked off the new month in a less than desirable manner with shares losing ground for the third consecutive day today, says CommSec market analyst Steven Daghlian. ...
The sharemarket is still mulling over Monday’s news that the chief executive of Air New Zealand Rob Fyfe will leave the company at the end of the year. The shares flopped yesterday and today managed ...
The New Zealand sharemarket fell 11 points today to close at 3296, with 52 stocks falling and 47 improving. ...
[PREMIUM] The upbeat tone of the 4th quarter sales report by Briscoe Group has brought a favourable reaction by equity analysts. ...
The ASX200 added another 0.7% this week to close on its highs before the Australia Day holiday, at 4,271. ...
[PREMIUM] Pumpkin Patch reeled in losses by cutting its UK stores adrift last week. Market reaction was positive and one leading brokerage said it was not all doom and gloom for the iconic Kiwi retailer. ...
[PREMIUM] Australian Bureau of Statistics data for November showed seasonally adjusted international resident departures were down 0.6% on October, and trend growth has declined from 8.6% as at the end of October to 8.1%. ...
[PREMIUM] Fortescue Metals Group will report its 4Q10 production results on Tuesday 17 January and analysts are weighing up the prospects. ...
The NZ swap curve ended the week a little flatter, ahead of the national holiday yesterday, says Kymberly Martin, market strategist at BNZ. ...
NZ yields moved higher yesterday, following improved global sentiment says Kymberly Martin, market strategist at BNZ. Markets were relative quiet overnight…the calm before the storm? ...
Following on from moves seen offshore, NZ yields declined across the curve yesterday, with a flattening bias says BNZ market strategist Kymberly Martin. ...
Standard & Poor's Ratings Services has advised New Zealand Post Ltd that it has affirmed its 'AA-/A-1+' long-term/short-term issuer credit ratings on New Zealand Post Limited. ...
NZ swap and bond yields opened under downward pressure, continuing to drift lower on the day, says Kymberly Martin, market strategist at BNZ. ...
“Since our last report on Thursday, the NZD/USD has spent most of its time consolidating in a 0.8300-0.8380 range, says Mike Jones, market strategist at BNZ. ...
Having failed to break through topside resistance at 0.8380 last week, the NZD should consolidate ahead of local employment data and this afternoon’s RBA cash rate decision at 4.30pm NZT, says Sharon Zollner, ANZ senior ...
It was a quiet day for the NZD says Kymberly Martin, market strategist at BNZ. Overnight, in generally quiet markets the NZD/USD consolidated around the 0.8340 level. ...
Topside resistance at 0.8380 will be questioned during today’s local trading session, says Mark Smith, Senior Economist at ANZ. ...
The NZD/USD showed little direction for most of the day yesterday, until the evening release of PMI data in Europe, says BNZ market strategist Kymberly Martin. ...
The S&P/Case-Shiller House Price Index is still reporting gloomy numbers tracked back in late 2011 ...
What happened to the property markets in December? This commentary is from Brian White, Chairman - Ray White Group, Australasia. ...
The Auckland housing market finished the 2011 year strongly, with the average December selling price climbing to $573,071, up 1 percent or more than $5500 on November’s average price, and the second highest average sales ...
Miami, FL – Sales of existing single-family homes in the Miami Metropolitan Statistical Area (MSA) rose 11% in November, from 679 to 755, compared to November 2010, according to the 25,600-member MIAMI Association of REALTORS ...
The Real Estate Institute’s October report reversed some of the gains in the September quarter as prices eased and Treasury’s measure of seasonally adjusted sales fell. ...
[PREMIUM] The movement of gold has gained momentum in the start of 2012 from US$1,615.05 ($NZ2,065) to $1,761.23 ($2,127.60) on 3 February 2012.New Zealand Mint’s Mike O’Kane has some predictions for the year ...
[PREMIUM] The 2012 outlook for commodities bears some similarities to 2009, in that we are entering the year with a very fragile outlook, says Standard Chartered Bank in London. ...
Fonterra announced today an increased payout forecast range for the 2012 season of $6.90-$7.00 for a fully shared up farmer, up 20 cents on the previous forecast. ...
Brazil´s largest mining company, and one of the world’s largest, Vale SA has agreed to a lower fixed price of iron-ore shipments in for delivery in the current quarter by 20%-25%, due to a fall ...
The ANZ Commodity Price Index dropped 1.0% in November, the sixth consecutive monthly decrease, says Steve Edwards, economist at ANZ. ...
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VIDEO REPORTS UPDATED THROUGH EACH TRADING DAY: Headliner.co.nz is pleased to bring viewers this service by special arrangement with Commonwealth Securities in Sydney. Viewers can link to an Australian perspective of the financial markets through CommSec's regular updates throughout the trading day.
Perspective from Australia Foundation Investment
Perspective by Platinum Asia
The Gold Trend
Energy Mad Interview
The Headliner This Week
We open 2012 with a review of the best and worst performers of 2011 on NZX, look at where 2012 markets might go here and in Aussie and peek at the prospects for commodities. We
...What are Air NZ's prospects for 2012? Is Chorus a single focus business? Where is Telecom headed now? How F&P Healthcare is handling the currency issue? Will we soon see the Son of Salvus?
...The NZX-50 closed up 0.7% at 3239.5 as markets were buoyed by offshore leads, said First NZ Capital. Methven finished 6.7% higher at NZ$1.11 after 1H net profit, although down 25% on year at NZ$3.2
...Ih this issue we comment on the Trade Me share offer, the fiercely rebuffed takeover bid for Comvita and look at the strategic importance of Auckland to SKYCITY. The issue updates on the underlying restraints
...Market Report 7.2.12
U.S. stocks have slipped, as investors anxiously await a Greek government decision on budget cuts that are key to securing a second bailout and avoiding default, says First NZ Capital. Dow Jones industrial average lost 43 points, or 0.3%. The S&P 500 shed 4 points, or 0.3%. The Nasdaq dropped 12 points, or 0.3%. European stocks dropped, with the Stoxx Europe 600 Index trimming a six-month high, as Greece struggled to reach a deal with its international creditors. The benchmark Stoxx 600 declined 0.1 percent to 264.27 at the close, paring an earlier drop of as much as 0.8 percent. National benchmark indexes declined in 15 of the 18 western-European markets today. The U.K.’s FTSE 100 Index slipped 0.2 percent. France’s CAC 40 Index declined 0.7 percent, while Germany’s DAX Index fell less than 0.1 percent







