Markets Live: Eyes on earnings

Hamilton has been leading the investment banking team at First NZ Capital. “Mr Hamilton was chosen from a strong field of candidates, both locally and internationally and is a respected leader of the investment banking and finance community with more than 20 years experience at First NZ Capital,” chief executive Nigel Morrison said in a statement. 9:00am: Local shares, if they take their cue from overseas markets, are set to open little changed ahead of a raft of local earnings. • On Wall St, S&P 500 -0. 2%, Dow -0. 1%, Nasdaq -0. • In Europe, Euro Stoxx 50 -0. 8%, FTSE flat, CAC -0. 9, DAX -1. • Spot gold rose 96 US cents to $US1309. • Brent oil down $US1. 71 to $US102. • Amcom, Commonwealth Bank, Computershare, Carsales, Echo Entertainment, Goodman Fielder, Primary Health Care, Skilled Group, CSL, SunCorp, Oz Minerals (interim). • BHP Billiton remains Nomura’s top pick for growth, returns.  Deutsche Bank has given the company a “buy” rating with a 12 month price target of $43. 60, because of its good performance at its Blackhawk operation. • Stockland may ditch its near $500 million exposure to Australand by the end of the week in an effort to avert a delayed payout from the takeover target’s new majority shareholder, Frasers Centrepoint. 9:00am: Good morning and welcome to the Markets Live blog for Wednesday.

Read more here: SMH


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