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Morningstar Afternoon Research Update Thursday, Feb 7, 2013

Friday, 8 February 2013, 9:15 am
Press Release: Morningstar

07-Feb-2013

Special Announcements

There were no Announcements for today.

Research Updates (10)

	Special Reports (0)
	There were no special reports published today.

	Funds (1)
/	Zurich Investments Equity Income (14474)		Bronze

	Shares (9)
/	Australand Property Group (ALZ)	Hold
/	Arrium (ARI)	Reduce
/	Fisher & Paykel Hlth (FPH)	Hold
/	Fisher & Paykel Healthcare (FPH-NZ)	Hold
/	FlexiGroup (FXL)	Hold
/	National Aust. Bank (NAB)	Accumulate
/	News Corp (NWS)	Reduce
/	Tabcorp (TAH)	Hold
/	Telstra (TLS)	Hold

	ETFs (0)
	There were no research reports published today.

	Fixed Income (0)
	There were no research reports published today.

Australian Market Report

Thursday 7 February – Local share markets closed out the day slightly higher, uplifted by jobs figures that were higher than anticipated and positive results from NAB and Telstra. From a sector perspective, telcos and materials led the way forward, netting the day's most substantial gains. Bucking the upward trend were utilities, consumer discretionary, and energy.

The All Ordinaries rose 15.30 points (0.31%) to 4,955.80 while the S&P/ASX 200 rose 14.70 points (0.30%) to 4,935.70. .. Read More

	Australian Equities (07-Feb-2013 / Close)	Close	Change	% Change
/	All Ordinaries	4956	15	0.31
/	S&P/ASX 200	4936	15	0.30
/	10-year Bond Rate	3.44	-0.05	-1.57
	90 Day Bank Accepted Bills SFE-Day	2.91	--	--

/	3-yr Bond Rate	2.81	-0.03	-1.06

	Currency (07-Feb-2013 / Close)	Close	Change	% Change
/	$A vs $US	1.0328	--	-0.11
/	$A vs GBP	0.6592	--	-0.09
/	$A vs YEN	96.51	-0.12	-0.12
/	$A vs EUR	0.7640	--	-0.13
/	$A vs $NZ	1.2333	--	-0.25

ENDS

Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH > >

Working On It: Update On Meat Shipments

Primary Industries Minister Nathan Guy has provided an update on progress being made in resolving the delays in clearance for some meat exports to China... “New Zealand is a trading nation and from time to time these kind of technical delays will occur. This is a temporary issue, but we’re confident it can be resolved,” says Mr Guy. More>>

ALSO:

NZ Govt - Update on meat consignment
Labour - Money traders before meat traders - Government
Image via Lawrence and Gibson - “Survival Of The Friendliest” Serves Publishers Well

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: 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>>