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Morningstar Morning Research Update Tuesday, Feb 5, 2013

Tuesday, 5 February 2013, 10:52 am
Press Release: Morningstar

05-Feb-2013

Overseas Market Report

Stocks fell as eurozone concerns came back into play amid an apparent political scandal in Spain and the country's ability to manage its debt adequately. Treasuries rose as a result, while Spanish bond prices fell.

Following last week's employment report, the Conference Board reported its Employment Trends Index for last month fell slightly to 109.38 from an upward revised December reading of 109.47, indicating that employment growth could be slowing for the foreseeable future. .. Read More

	Foreign Equities (05-Feb-2013 / Close)	Close	Change	% Change
/	Dow Jones (US)	13880	-130	-0.93
/	S&P 500	1496	-17	-1.15
/	NASDAQ	3131	-48	-1.51
/	FTSE 100 Index	6247	-100	-1.58
/	DAX 30	7638	-195	-2.49
/	CAC 40	3660	-114	-3.01
/	Nikkei 225 (Japan)	11260	69	0.62
/	HKSE	23685	-37	-0.16
/	SSE Composite Index	2428	9	0.38
/	BSE Sensitive	19751	-30	-0.15
/	NZ 50	4246	0	-0.01

	Commodities (05-Feb-2013 / Close)	Close	Change	% Change
/	Aluminium	2074	-14	-0.67
/	Copper	8267	13	0.15
/	Nickel	18662	98	0.53
/	Gold	1674	10	0.60
/	Silver	31.7	0.1	0.30
/	Oil - West Texas crude	97.8	-0.0	-0.03
/	Lead	2439	-2	-0.10
/	Zinc	2161	6	0.26

	Currency (05-Feb-2013 / Close)	Close	Change	% Change
/	$A vs $US	1.0426	--	-0.03
/	$A vs GBP	0.6617	--	0.32
/	$A vs YEN	96.25	0.44	0.46
/	$A vs EUR	0.7716	-0.0100	-1.01
/	$A vs $NZ	1.2365	--	-0.41
/	$US vs Euro	0.7399	-0.0100	-0.98
/	$US vs UK	0.6345	--	0.36
	$US vs CHF	0.9082	--	--

Research Updates (9)

	Special Reports (0)
	There were no special reports published on the previous business day.

	Funds (4)
/	Colonial First State Global Resources (4713)	Silver
/	Investors Mutual Australian Share (5339)	Silver
/	Investors Mutual Industrial Share (8742)	Bronze
/	Maple-Brown Abbott Australian Equity (2867)	Bronze

	Shares (5)
/	Contact Energy (CEN-NZ)		Hold
/	DWS (DWS)	/	Reduce
/	Fairfax Media (FXJ)	/	Hold
/	Myer Holdings (MYR)	/	Hold
/	Whitehaven Coal (WHC)		Reduce

	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 > >

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: 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>>

ALSO:

International Monetary Fund - IMF Concludes Consultation with New Zealand, Releases Report
NZ Govt - IMF confirms New Zealand has the right balance
Greens - IMF confirms National’s failure to rebalance economy

Odometer Moments: CO2 Hits 400ppm

As the amount of heat-trapping carbon dioxide in the atmosphere hit the symbolic milestone of 400 parts per million (ppm), youth climate change organisation Generation Zero says it is time for New Zealand to rise to the challenge of building a zero carbon future. More>>

Trust Planned: Shared Vision For Mackenzie Basin Welcomed

Conservation Minister Dr Nick Smith and Environment Minister Amy Adams today welcomed a report proposing a way to manage the contentious land intensification, water, landscape, and biodiversity issues in the Mackenzie Basin. More>>

ALSO:

Scoop Business - Deadlock breaks on plans for Mackenzie Country dairying
Labour - MacKenzie plan about development not conservation
Greens - Greater commitment needed to protecting Mackenzie Basin
Environmental Defence Society - EDS welcomes successful outcome of Mackenzie Country forum
Federated Mountain Clubs - Call for the govt to fund Mackenzie Country Trust
District & Regional Councils - Councils Working Together re: Mackenzie Country Trust
Federated Farmers - Mackenzie agreement confirms it is a working landscape
2010 image - Iconic NZ Landmark Celebrates 75 Year Milestone

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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

“Following consultation with the NZ software and IT sector, I am pleased to be further progressing the Patents Bill with this SOP. These changes ensure the Bill is consistent with the intention of the Commerce Select Committee recommendation that computer programs should not be patentable,” says Mr Foss. More>>