ASB Securities Morning Brief for Friday, 12 February 2016
Friday, 12 February 2016

New Zealand Headlines

New Zealand Market Report: New Zealand shares fell after SkyCity Entertainment Group, the first to post results this earnings season, reported a gain in first-half profit but left some investors underwhelmed with its outlook. Xero and Mighty River Power fell, while Vector rose. The S&P/NZX 50 Index fell 32.46 points, or 0.5 percent, to 5987.03. Within the index, 31 stocks fell, 13 rose and six were unchanged. Turnover was a lower-than-average $90 million... Read more

The New Zealand dollar gained against a broadly weaker greenback on concerns the US economy may not be growing as fast as expected and the track for Federal Reserve interest rate hikes will be slower and lower. The kiwi rose to 66.70 US cents as at 5pm in Wellington, from 66.17 cents late yesterday. The trade-weighted index rose to 72.35 from 72.01 yesterday.... Read more

SkyCity profits soar 30%... Read more

Solid Energy: Decision 'pending' on Stockton mine closure... Read more

Gisborne is the best performing region for rental property investment, according to analysis by The real estate website found Gisborne offered an impressive average of 5.78 per cent return on rental properties in January, based on an asking price of $258,515... Read more

Auckland housing rezone loses council support... Read more

Auckland house sales fall in January, annual price rise below 10%... Read more

Booming services sector offsets lower commodity prices... Read more

Telco investment has hit $1.7b a year, upbeat industry report says... Read more

Shareholders Association to oppose Wynyard 'black hole'... Read more

Labour challenges regulator on credit card surcharges... Read more

Kiwi business magnate and rich-lister John Spencer dies... Read more

4500 new homes in latest announcement of Special Housing Areas... Read more

New Colliers report shows capital gains from residential property declining and rental income returns going nowhere... Read more

Average asking prices on Trade Me Property drop in Auckland, mixed in the rest of the country... Read more

Rabobank suggests that it will only be the dairy sector facing a very difficult year in 2016, with variable prospects for other farmers... Read more

Strong pipeline of new apartments coming on stream seems to be impacting on average asking prices... Read more

Lack of new listings is compounding the downturn in Auckland’s market, real estate industry head says... Read more

Nestle terminates IAAF sponsorship over doping scandal... Read more

Australian Headlines

Australian Market Report: S&P ASX 200 +0.95% 4821.10 AUD/USD -0.10% 0.71 S&P 500 -0.02% 1851.86 NIKKEI 225-2.31% 15713.39 FTSE 100 +0.71% 5672.30... Read more

The Australian dollar is outperforming most major currencies against the “cratering” US dollar. At 2.30pm (AEDT), the currency was trading at US70.93 cents, up from US70.52 cents yesterday.... Read more

BlackBerry targets Australian business... Read more

David Jones earnings fall despite sales growth... Read more

Cochlear leads ASX rebound as investors focus on earnings... Read more

ASIC says Clive Palmer could face criminal charges... Read more

ASIC nears end of probe into alleged bank-bill swaps rigging... Read more

Broken Hill Prospecting's Copi North heavy mineral sands proves worth... Read more

Blackham Resources lifts ounces, confidence of Williamson gold resource... Read more

Red River Resources intersects 54.8% zinc equivalent at Thalanga... Read more

St George Mining targets nickel sulphides in new drilling at Windsor... Read more

88 Energy is Thursday's ASX Most Traded with 180 million... Read more

Attila Resources' shares in pre-open... Read more

Aussie Gold within sight of A$1700 an ounce... Read more

Fifield urged to extend mobile blackspots program... Read more

Telstra users locked out of US hosting servers... Read more

Panasonic recalls Toughbook batteries over fire hazard... Read more

Rio reassesses dividend policy on loss... Read more

Bunnings a winner for BWP Trust... Read more

Virgin Australia profit takes off... Read more

International Headlines

North/South America Market Report: North and South American markets are sharply lower today with shares in Brazil off the most. The Bovespa is down 2.47% while U.S.'s S&P 500 is off 1.83% and Mexico's IPC is lower by 1.27%... Read more

European Market Report: European markets finished sharply lower today with shares in France leading the region. The CAC 40 is down 3.85% while Germany's DAX is off 2.93% and London's FTSE 100 is lower by 2.39%... Read more

Asian Market Report:Asian markets finished broadly lower today with shares in Hong Kong leading the region. The Hang Seng is down 3.85% while Japan's Nikkei 225 is off 2.31% and China's Shanghai Composite is lower by 0.63%... Read more

Dow dives 375 points as oil crashes below $27... Read more

Investors are piling into gold as fear stalks markets... Read more

Delhi to revive car restrictions in effort to clean air... Read more

Fed's Yellen sticks to her guns as market rout worsens... Read more

Gold's Biggest Consumers Seen Buying More as World Markets Slide... Read more

Yen Surges to 15-Month High as Intervention Speculation Deepens... Read more

China Said to Pitch Hong Kong Listing, Funds for Aramco IPO... Read more

Japan's Economic Roller Coaster Is Headed for Another Dip... Read more

The owner of the Independent and Independent on Sunday is considering ceasing printing the 30 year old newspaper and moving the title online only... Read more

Deutsche Bank stumbles: After 146 years of solidity, the bank that came unscathed through the 2008 crisis is now the focus of investors’ fears for the banking system... Read more

Tesla losses soar to $889m - but shares jump as Elon Musk forecasts a profit... Read more

Sweden takes negative interest rates even lower as Riksbank fights to keep up with global stimulus... Read more

Borrowing costs on peripheral government debt are spiking, while those in Germany and the UK fall to record lows as investors seek safe havens... Read more

Markets turn on SocGen as legal bills spook jittery investors... Read more

Twitter User Growth Stalls, and the Chief Pledges to Make Fixes... Read more

Morgan Stanley to Pay $3.2 Billion Over Flawed Mortgage Bonds... Read more

Wall St. Sinks as Economic Concerns Grow... Read more

Google Will Further Block Some European Search Results... Read more

Thailand, Russia exploring ‘arms for food’ agreement... Read more

Rosneft plans to cooperate with Iran - Sechin... Read more

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