Markets Mixed

13 December 2022

New Zealand Market Movers 

The New Zealand market (NZX 50 Index, -0.8%) declined on Monday. 

Move Logistics (2.0%) rose after announcing the appointment of Craig Evans as its new CEO. Evans previously spent six years as Mainfreight’s (-0.6%) New Zealand company manager.  

Oceania Healthcare (-1.3%) fell after announcing Frances Hughes, its general manager of clinical and care services would leave the company in March 2023.   

Australia Market Movers 

The Australian market (ASX 200 Index, -0.5%) was dragged lower by Utilities (-4.3%) on Monday, including Origin Energy (-7.8%) whose takeover from North American bidders is looking shaky. Sector compatriots also affected negatively included AGL Energy (-2.6%). 

Westpac was down marginally (0.0%) after announcing that its “preliminary discussions” with ASX listed Tyro Payments (-19.5%) to acquire 100% of the company’s issued share capital has ended and no new bids will be offered. 

Europe Market Movers  

European markets (Stoxx 600 Index, -0.4%) closed lower on Monday, led lower by mining stocks (-1.6%). Only Oil and Gas (+0.3%) ended the day in positive territory as Crude Oil (+3.0%) ticked up from its multi-month low overnight. 

Shares in the London Stock Exchange Group (+2.8%) surged after it announced a 10-year data-infrastructure partnership with Microsoft (0.0%) which included the US-listed company acquiring a 4% stake in the stock exchange. 

US Market Movers 

US markets (S&P 500 Index +1.2%) advanced on Monday, as it recovers from one of its worst weeks since September. 

Boeing (+2.9%) lifted the markets higher on reports that Air India is close to placing orders for more than 500 jetliners across several suppliers (including main rival, the European listed Airbus (+0.4%)). 

The NY Federal Reserve released a survey Monday which showed consumers are growing more optimistic about inflation. Consumers see one-year inflation at 5.2%, down 0.7 percentage points from the October reading. On Tuesday, the Federal Reserve begins its 2-day meeting before announcing its latest interest rate decision on Thursday. 

What Markets will be Watching this Week (UTC +13) 

Monday 
GB GDP MoM OCT 

Tuesday 
AU Westpac Consumer Confidence Index DEC 

Wednesday 
US Inflation Rate YoY NOV 

Thursday 
US Fed Interest Rate Decision 

AU Unemployment Rate NOV 

Friday 
GB BoE Interest Rate Decision 

EA ECB Interest Rate Decision 

US Retail Sales MoM NOV 

US markets (S&P 500 Index +1.2%) advanced on Monday, as it recovers from one of its worst weeks since September. 

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]