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Australian Stock Market Report – Morning 12/21/2012

MORNING REPORT

(8am AEDT)

The Conference Board leading index eased by 0.2pct as expected. Hurricane Sandy had an influence on the result. US September quarter GDP expanded by 3.1pct, up from the 2.7pct reported last month. US jobless claims rose by 17,000 to 361,000 last week.

The US Philadelphia Fed business activity index rose from minus 10.7 to +8.1 in November. Across the subindices employment and new orders recorded healthy gains. The result was better than expected. US existing home sales climbed by 5.9pct to a seasonally adjusted 5.04 million units - the fastest pace in three years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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