Sharemarket Update December 2012

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Running Time: 8:49

Date: 01/12/2012

A better outlook for the mining industry and comforting news from China give the stockmarket a welcome boost.

As the year ends, the Australian stockmarket is in better shape than for several months. Elio D'Amato, CEO of Lincoln Stock Doctor, says a more positive outlook for the mining and mining services sector is mainly responsible, together with solid figures on Chinese GDP and manufacturing - as well as the smooth political transition in Beijing. But America's economic struggle may affect market sentiment in the New Year. At home, the bank reporting season produced some mixed results - NAB's British operation holding it back - but dividend payments remain strong.

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Elio D'Amato, Lincoln Stock Doctor