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Morningstar Morning Research Update Thursday, 29 Nov 2012

Thursday, 29 November 2012, 11:00 am
Press Release: Morningstar

29-Nov-2012

Overseas Market Report
Stocks pared early losses and ended higher after House Speaker John Boehner (R-Ohio) expressed optimism that an agreement can be made among political leaders in Washington to avoid the looming fiscal cliff. President Obama was hopeful of a potential agreement, as well. The upbeat sentiment offset the tone of the Federal Reserve's beige book, which showed mixed economic conditions across the country with increases in consumer spending but drops in manufacturing.

In economic news, The US economy grew at a "measured" pace in October and November, as businesses coped with uncertainty over the federal budget outlook and the destruction wreaked by Hurricane Sandy, the Federal Reserve said in a report... Read More

	Foreign Equities (29-Nov-2012 / Close)	Close	Change	% Change
/	Dow Jones (US)	12985	107	0.83
/	S&P 500	1410	11	0.79
/	NASDAQ	2992	24	0.81
/	FTSE 100 Index	5803	4	0.06
/	DAX 30	7343	11	0.15
/	CAC 40	3515	13	0.37
/	Nikkei 225 (Japan)	9308	-115	-1.22
/	HKSE	21709	-135	-0.62
/	SSE Composite Index	1974	-18	-0.89
/	BSE Sensitive	18842	305	1.65
/	NZ 50	4012	3	0.06

	Commodities (29-Nov-2012 / Close)	Close	Change	% Change
/	Aluminium	1992	-8	-0.42
/	Copper	7747	-42	-0.54
/	Nickel	16930	31	0.18
/	Gold	1719	-15	-0.88
/	Silver	33.7	0.3	0.82
/	Oil - West Texas crude	87.2	-0.5	-0.59
/	Lead	2186	-25	-1.12
/	Zinc	1968	-4	-0.20

	Currency (29-Nov-2012 / Close)	Close	Change	% Change
/	$A vs $US	1.0476	-0.0033	-0.32
/	$A vs GBP	0.6539	-0.0022	-0.34
/	$A vs YEN	85.87	-0.14	-0.17
/	$A vs EUR	0.8095	-0.0023	-0.28
/	$A vs $NZ	1.2711	0.0015	0.12
/	$US vs Euro	0.7728	0.0001	0.01
/	$US vs UK	0.6243	-0.0002	-0.03
/	$US vs CHF	0.9301	0.0004	0.05

Research Updates (16)

	Special Reports (1)
/	Best Stock Ideas: November 2012

	Funds (5)
/	Kinetic Emerging Companies (15318)	Gold
/	Perennial Australian Listed Property (5669)	Neutral
/	Perennial Global Property Securities (14287)	Neutral
/	Vanguard International Credit Securities Index (9152)	Bronze
/	Vanguard International Fixed Interest Index (6428)	Bronze

	Shares (10)
/	Aristocrat Leisure (ALL)		Hold
/	Amcom Telecommunications (AMM)		Hold
/	Arrium (ARI)		Reduce
/	FlexiGroup (FXL)		Hold
/	iiNET (IIN)		Reduce
/	NRW Holdings (NWH)	/	Hold
/	Regional Express (REX)		Accumulate
/	Telstra (TLS)		Hold
/	TPG Telecom (TPM)	/	Hold
/	Reject Shop (TRS)		Hold

	ETFs (0)
	There were no research reports published on the previous business day.

	Fixed Income (0)
	There were no research reports published on the previous business day.

ENDS

Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH > >

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International Monetary Fund - IMF Concludes Consultation with New Zealand, Releases Report
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Trust Planned: Shared Vision For Mackenzie Basin Welcomed

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Federated Farmers - Mackenzie agreement confirms it is a working landscape
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Scoop Business: Fidelity Acquires Most Of Tower’s Life Business For Net $70M

Fidelity Life Assurance has acquired most of Towers life insurance business for a net amount of about $70 million, propelling the closely held company to the third-largest in the market. More>>

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Fidelity Life - Fidelity Life becomes NZ’s third largest life insurer
Tower - TOWER Life business sold to Fidelity

The Friendly Skies: Air NZ Pressures Regulator To Drop ‘Untenable’ Cartel Case

Air New Zealand, the national carrier slated for a partial sell-down by the government, has ramped up pressure on the Commerce Commission to drop its long-running pursuit of the airline’s alleged involvement in a global cartel on air cargo surcharges. More>>

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Air NZ - Air New Zealand seeks court declaration - Cargo case: key witness retracts evidence

Scoop Business: NZ Jobless Rate Falls To 6.2% On Record Employment Jump

New Zealand’s jobless rate fell to a three-year low in the first three month of the year as the employment rate grew for the first time in four quarters, fuelled by demand for workers in Canterbury. More>>

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Statistics NZ - Labour Market Showing Signs of Improvement
NZ Govt - HLFS shows encouraging job growth - Budget 2013: Expansion of Māori and Pasifika trades training
Labour - Disaster recovery is not a plan for jobs - Unemployed Kiwi youth rate no cause for celebration - Pacific unemployment far too high
Greens - Key fails to keep jobs promise
CTU - Aim should be jobs for all
BusinessNZ - Cautious optimism in employment data

New SOP: No Patents For Computer Software

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