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Morningstar Afternoon Research Update Wed, Feb 20, 2013

20-Feb-2013

Special Announcements
There were no Announcements for today.

Research Updates (9)

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

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

Shares (9)
/Arrium (ARI) Sell
/Fletcher Building (FBU) Reduce
/Fletcher Building (FBU-NZ) Reduce
/News Corp (NWS) /Hold
/Precinct Properties New Zealand (PCT-NZ) Hold
/SEEK (SEK) Reduce
/SMS Management and Tech (SMX) Accumulate
/Suncorp Group (SUN) Hold
/Seven West Media (SWM) Hold

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

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

Australian Market Report

Wednesday 20 February – Local share markets managed to edge higher again to close out the day’s trading at another five-year high despite weakness in the materials sector. Spurred on by investor enthusiasm in the US markets, investors homed in on local earnings releases, heartened by positive results from Woodside Petroleum and Toll Holdings. Among the sectors, consumer staples, energy, and financials led the way forward, while materials and telcos struggled.

The All Ordinaries gained 14.00 points (0.27%) to 5,115.00 while the S&P/ASX 200 rose 16.80 points (0.33%) to 5,098.70. .. Read More

Australian Equities (20-Feb-2013 / Close) CloseChange% Change
/All Ordinaries5115140.27
/S&P/ASX 2005099170.33
/10-year Bond Rate3.56--0.14
/90 Day Bank Accepted Bills SFE-Day2.940.031.03
/3-yr Bond Rate2.910.010.34

Currency (20-Feb-2013 / Close) CloseChange% Change
/$A vs $US1.0361-0.0015-0.14
/$A vs GBP0.6710-0.0004-0.06
/$A vs YEN96.590.350.36
/$A vs EUR0.77230.00010.01
/$A vs $NZ1.2315-0.0095-0.77

ENDS

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Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

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Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

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Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

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0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

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NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

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Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

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