Tuesday, 1 December 2009, 9:13 am
Article: Businesswire
Stocks to watch: Air NZ, Infratil, Methven, Sky City
Dec. 1 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified.
Article: Businesswire
Stocks to watch: Air NZ, Infratil, Methven, Sky City
Dec. 1 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified.
Themes of the day: Stocks weakened on Wall Street, paced by retailers, after disappointing consumer spending over so-called Black Friday. The kiwi dollar weakened amid concern Dubai World is still at risk of default. The kiwi recently traded at 71.40 U.S. cents. The economy still faces significant risks as it climbs out of recession, according to a report today from the New Zealand Institute of Economic Research. Economist Shamubeel Eaqub cited “renewed over-valuation in the housing market, rising unemployment, persistent external imbalances, rising oil prices and eventual withdrawal of monetary and fiscal stimulus."
Source: http://www.scoop.co.nz/stories/BU0912/S00003.htm
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