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Emerging markets have good December

The world’s emerging and developed markets continued to post positive returns in December and for all of 2006 as oil prices remained low.

Friday, January 12th 2007, 5:22AM
Standard & Poor’s says, in its global stock market review, that emerging markets gained 5.44% in December, while developed markets rose 1.97% for the month. Developed market returns (+20.63%) also trailed that of emerging markets (+38.56%) in 2006.

“2006 became a banner year for shareholders, as most markets continued to gain in December,” says Howard Silverblatt, Senior Index Analyst at Standard & Poor’s. “Oil prices stabilised and broke under the $60 mark, as warmer weather decreased demand.”

In December, 24 of the 27 developed markets posted an average gain of 4.29%, with declines in Canada (-0.54%), Iceland (-0.35%) and South Korea (-0.01%). The emerging markets posted gains in 22 of the 26 markets with an average of 6.30%. The declines were more substantial in the emerging markets with Israel (-1.53%), Jordan (-3.00%), Pakistan (-6.40%) and Thailand (-9.24%).

For the year, all 27 developed markets gained with an average of 35.15%, while 23 of the 26 emerging markets gained an average of 45.46%. The markets that were down for the year include Israel (-3.46%), Jordan (-35.56%) and Turkey (-2.04%).

Eight out of the 10 sectors showed gains in December, with telecommunications as the best-performing sector gaining 3.65%, and energy as the worst with a 1.47% decline. For 2006, utilities was the best sector with 36.92%, while information technology was the worst at 9.49%.

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Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 ▼2.29 ▼2.59 ▼2.65
ANZ 4.44 2.89 3.25 3.39
ANZ Special - 2.29 2.69 2.79
ASB Bank 4.45 2.29 2.59 2.65
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - 2.29 2.59 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 2.89 3.19 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 2.50 1.99 2.35 2.45
Heretaunga Building Society 4.99 3.50 3.40 -
HSBC Premier 4.49 2.25 2.35 2.65
HSBC Premier LVR > 80% - - - -
HSBC Special - 1.99 - -
Lender Flt 1yr 2yr 3yr
ICBC 3.69 2.25 2.35 2.65
Kainga Ora 4.43 2.79 3.04 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 3.20 3.50 3.50
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.35 2.65 2.65
Liberty 5.69 - - -
Nelson Building Society 4.95 3.20 3.24 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
SBS Bank 4.54 2.79 2.79 3.15
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.29 2.29 2.65
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 2.09 - -
The Co-operative Bank - Owner Occ 4.40 2.29 2.59 2.79
The Co-operative Bank - Standard 4.40 2.79 3.09 3.29
TSB Bank 5.34 3.09 3.29 3.45
TSB Special 4.54 2.29 2.49 2.65
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.09 3.29 3.39
Westpac - Offset 4.59 - - -
Westpac Special - 2.29 2.69 2.79
Median 4.55 2.79 2.99 2.80

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