Morningstar Morning Research Update Friday, Feb 22, 2013

Friday, 22 February 2013, 2:11 pm
Press Release: Morningstar

22-Feb-2013

Overseas Market Report

Stocks fell after disappointing data in the US and Europe.

The closely watched eurozone composite purchasing managers index (PMI) fell to a preliminary reading of 47.3 in February from 48.6 in January according to Markit. Economists had expected a much more modest decline. The reading implies that the economic slowdown in the eurozone is continuing unabated and that GDP is likely to shrink again in the first-quarter... Read More

	Foreign Equities (22-Feb-2013 / Close)	Close	Change	% Change
/	Dow Jones (US)	13881	-47	-0.34
/	S&P 500	1502	-33	-1.04
/	NASDAQ	3131	-33	-1.04
/	FTSE 100 Index	6292	-104	-1.62
/	DAX 30	7584	-145	-1.88
/	CAC 40	3625	-85	-2.29
/	Nikkei 225 (Japan)	11309	-159	-1.39
/	HKSE	22907	-401	-1.72
/	SSE Composite Index	2326	-71	-2.97
/	BSE Sensitive	19325	-317	-1.62
/	NZ 50	4170	-44	-1.04

	Commodities (22-Feb-2013 / Close)	Close	Change	% Change
/	Aluminium	2034	-26	-1.29
/	Copper	7832	-93	-1.18
/	Nickel	16571	-533	-3.12
/	Gold	1576	7	0.43
/	Silver	28.7	0.0	0.10
/	Oil - West Texas crude	95.2	-1.9	-1.94
/	Lead	2308	-20	-0.87
/	Zinc	2089	-19	-0.91

	Currency (22-Feb-2013 / Close)	Close	Change	% Change
/	$A vs $US	1.0245	0.0001	0.01
/	$A vs GBP	0.6714	0.0014	0.21
/	$A vs YEN	95.37	0.59	0.62
/	$A vs EUR	0.7766	-0.0048	-0.62
	$A vs $NZ	1.2274	--	--
/	$US vs Euro	0.7582	-0.0048	-0.63
/	$US vs UK	0.6554	0.0012	0.18
/	$US vs CHF	0.9312	-0.0033	-0.35

Research Updates (44)

	Special Reports (1)
/	Australian Economic Update - February 2013

	Funds (2)
/	Colonial First State Global Share (4672)	Neutral
/	Generation Global Shares (15813)	Bronze

	Shares (41)
/	Ardent Leisure (AAD)		Hold
/	Adelaide Brighton (ABC)		Hold
/	Amalgamated Holdings (AHD)		Hold
/	Auckland Airport (AIA)		Hold
/	Auckland Airport (AIA-NZ)		Hold
/	Aust. Infrastructure (AIX)		Hold
/	AMP Limited (AMP)		Accumulate
/	APN (APN)		Avoid
/	ASX (ASX)		Reduce
/	Alumina (AWC)		Buy
/	Brambles (BXB)		Reduce
/	Cabcharge (CAB)	/	Reduce
/	CFS Retail Property Trust (CFX)		Hold
/	Commonwealth Property (CPA)		Hold
/	Echo Entertainment Group (EGP)		Hold
/	Emeco Holdings (EHL)		Hold
/	Envestra (ENV)		Reduce
/	Fortescue Metals (FMG)		Sell
/	Fisher & Paykel Hlth (FPH)		Hold
/	Fisher & Paykel Healthcare (FPH-NZ)		Hold
/	Fairfax Media (FXJ)		Hold
/	Goodman Gp (GMG)		Hold
/	Insurance Aust. Grp. (IAG)		Reduce
/	iiNET (IIN)		Hold
/	Iluka Resources (ILU)	/	Accumulate
/	InvoCare (IVC)		Reduce
/	Mount Gibson Iron (MGX)		Hold
/	Mermaid Marine Australia (MRM)		Reduce
/	Nuplex Industries (NPX)		Hold
/	Nuplex Industries (NPX-NZ)		Hold
/	NRW Holdings (NWH)		Hold
/	News Corp (NWS)	/	Reduce
/	PanAust (PNA)		Hold
/	Port of Tauranga (POT-NZ)		Reduce
/	Qantas Airways (QAN)		Hold
/	Super Retail Group (SUL)		Reduce
/	Treasury Group (TRG)		Hold
/	Trust Company (TRU)	/	Hold
/	Tatts Group (TTS)		Reduce
/	Wesfarmers (WES)	/	Hold
/	Woodside Petroleum (WPL)		Buy

	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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Minding Of Meats: MPI Working To Clear Shipments To China

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Banking Ombudsman: Bank Customers Need To Remember Basics

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

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InternetNZ - NZ-born Fair Deal Coalition Gets Global Makeover
Out-Link - Home | Our Fair Deal
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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>>

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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>>

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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>>