Morningstar Morning Research Update Friday, Nov 30, 2012

Friday, 30 November 2012, 11:17 am
Press Release: Morningstar

30-Nov-2012

Overseas Market Report

Stocks ended higher this morning after an upward revision in third-quarter GDP and continued hope for a fiscal cliff deal despite House Speaker John Boehner's comments that no "substantive progress" had been made.

The US economy grew by 2.7% in the third-quarter according to a new estimate form the Commerce Department, up from an initial reading of 2.0%. The revision was mostly driven by an increase in private inventories. After-tax corporate profits were up 5.2% from the previous quarter and up 18.6% year-over-year... Read More

	Foreign Equities (30-Nov-2012 / Close)	Close	Change	% Change
/	Dow Jones (US)	13022	37	0.28
/	S&P 500	1416	6	0.43
/	NASDAQ	3012	20	0.68
/	FTSE 100 Index	5870	67	1.15
/	DAX 30	7401	58	0.78
/	CAC 40	3569	54	1.53
/	Nikkei 225 (Japan)	9401	93	0.99
/	HKSE	21923	214	0.99
/	SSE Composite Index	1963	-10	-0.51
/	BSE Sensitive	19171	329	1.75
	NZ 50	4017	0	--

	Commodities (30-Nov-2012 / Close)	Close	Change	% Change
/	Aluminium	2065	73	3.68
/	Copper	7885	138	1.78
/	Nickel	16949	19	0.11
/	Gold	1726	0	-0.02
/	Silver	34.2	-0.5	-1.44
/	Oil - West Texas crude	86.5	-0.7	-0.81
/	Lead	2223	37	1.68
/	Zinc	2013	45	2.29

	Currency (30-Nov-2012 / Close)	Close	Change	% Change
/	$A vs $US	1.0430	0.0042	0.40
/	$A vs GBP	0.6502	0.0036	0.55
/	$A vs YEN	85.61	0.43	0.51
/	$A vs EUR	0.8039	0.0046	0.57
/	$A vs $NZ	1.2672	0.0032	0.25
/	$US vs Euro	0.7707	0.0013	0.17
/	$US vs UK	0.6234	0.0010	0.15
/	$US vs CHF	0.9277	0.0014	0.15

Research Updates (21)

	Special Reports (1)
/	Gas threat to Australia?

	Funds (5)
/	Colonial First State Global Property (11806)	Neutral
/	Colonial First State Property Securities (3482)	Neutral
/	MLC Diversified Debt (16244)	Neutral
/	MLC Horizon 1 Bond (13402)	Neutral
/	NovaPort Smaller Companies (9140)	Bronze

	Shares (14)
/	Auckland Airport (AIA)		Hold
/	Auckland Airport (AIA-NZ)		Hold
/	BlueScope Steel (BSL)		Reduce
/	CSL (CSL)		Reduce
/	QBE (QBE)		Buy
/	Ryman Healthcare (RYM-NZ)		Reduce
/	Sky Network TV (SKT)		Hold
/	Sky Network Television (SKT-NZ)		Hold
/	Santos (STO)		Accumulate
/	Thorn Group (TGA)	/	Hold
/	Tower (TWR)		Hold
/	Tower (TWR-NZ)		Hold
/	Whitehaven Coal (WHC)		Hold
/	Western Areas (WSA)		Hold

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

	Fixed Income (1)
/	AGL Energy Subordinated Notes (AGKHA)		Hold

ENDS

Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH > >

Minding Of Meats: MPI Working To Clear Shipments To China

New export certificates are being issued to release containers of meat products held up at the Chinese border, the Ministry for Primary Industries said today. Shipments of meat into China were delayed after MPI issued export certification in a format which had not been approved by Chinese authorities at AQSIQ. More>>

ALSO:

NZ Govt - Resolution of New Zealand meat exports to China - Update On Meat Shipments - Update on meat consignment
Labour - Money traders before meat traders - Government
Labour - Mixed meat messages raise alarm bells
Hamish Cardwell - PM Post-Cabinet Press Conference - 20 May 2013
Image via Lawrence and Gibson - “Survival Of The Friendliest” Serves Publishers Well

Banking Ombudsman: Bank Customers Need To Remember Basics

Have you heard the story about the kids who used their mum’s credit card details to buy up large online? Or the one about the person who saved all their PINs disguised as phone numbers on their mobile which was then stolen by a thief who saw through the disguise and went on a spending spree?More>>

TPP: A Global Fair Deal On Copyright - OurFairDeal.org

Alastair Thompson: The orginal "A Fair Deal" campaign brought together Internet NZ with a bunch of other groups including the Royal New Zealand Foundation for the Blind, the Creative Freedom Foundation , NZ Rise , Trademe and Kiwiblog's David Farrar. OurFairDeal.org takes the NZ based campaigns a giant leap forward bringing together 84 lobby groups from across the Asia Pacific in 6 countries into a global alliance. More>>

ALSO:

InternetNZ - NZ-born Fair Deal Coalition Gets Global Makeover
Out-Link - Home | Our Fair Deal
Connie Lawn with Charles Sneiderman - US-New Zealand Council Pacific Partnership Forum - Photos
Fonterra Co-operative Group Ltd - TPP Has the Potential to Revitalise Japanese Agriculture
NZ International Business Forum - Business Leaders Across Asia Pacific Call for TPP

Business.Scoop: NZOG's Griffiths Backs Director Liability On Health, Safety

New Zealand Oil & Gas chairman Peter Griffiths has thrown his support behind legislative moves to make directors liable if the companies they govern fail to meet health and safety obligations. More>>

ALSO:

NZ Govt - Health and safety guidelines for directors launched

Scoop Business: NZ’s Services Sector Expands At Fastest Clip In 5 Mths

New Zealand’s services sector, which accounts for about 70 percent of economic activity, expanded at the fastest pace since October last month, led by activity/sales. More>>

ALSO:

BusinessNZ - Golden Weather Continues

Scoop Business: MRP Senior Managers In Line For $1.2M In Bonus Shares

Senior executives of newly listed, state-controlled MightyRiverPower are in line for shares in lieu of cash bonuses worth $1.2 million for the year to June 30, one of the company’s first disclosures to the NZX and ASX as a listed company show. More>>

ALSO:

Mighty River Power - IPO signals next phase in evolution of Mighty River Power
Scoop Business - 20/5 MightyRiverPower shares dip below $2.50 offer price

Scoop Business: NZ Houses Overvalued By 25%, IMF Says

New Zealand housing is already overvalued by about 25 percent and if it continues to rise may force the Reserve Bank to hike interest rates, according to the International Monetary Fund. More>>