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Morningstar Morning Research Update Friday, Aug 31, 2012

31-Aug-2012

Morningstar Morning Research Update Friday, August 31, 20

Overseas Market Report
The Dow industrials fell to a four-week low after remarks by European leaders escalated investors' fears about the euro zone and a measure of economic sentiment in the region slid to a level not seen in more than two years.

The Dow Jones Industrial Average dropped 106.77 points, or 0.8%, to 13,000.71, the lowest level seen since Aug. 2. .. Read More

Foreign Equities (31-Aug-2012 / Close) Close Change % Change
Dow Jones (US) 13001 -107 -0.81
S&P 500 1399 -11 -0.78
NASDAQ 3049 -32 -1.05
FTSE 100 Index 5719 -24 -0.42
DAX 30 6895.49 -115.08 -1.64
CAC 40 3379.11 -34.78 -1.02
Nikkei 225 (Japan) 8984 -86 -0.95
HKSE 19553 -236 -1.19
SSE Composite Index 2052.59 -0.65 -0.03
BSE Sensitive 17541.64 50.83 0.29
NZ 50 3630 1 0.03

Commodities (31-Aug-2012 / Close) Close Change % Change
Aluminium 1856 -14 -0.75
Copper 7557 -5 -0.06
Nickel 15920 -321 -1.98
Gold 1655.25 -5.49 -0.33
Silver 30.44 0.26 0.85
Oil - West Texas crude 94.62 -0.87 -0.91
Lead 1940 -32 -1.65
Zinc 1809 -22 -1.21

Currency (31-Aug-2012 / Close) Close Change % Change
$A vs $US 1.0294 0.0044 0.43
$A vs GBP 0.6522 0.0009 0.14
$A vs YEN 80.93 0.45 0.55
$A vs EUR 0.8232 0.0017 0.21
$A vs $NZ 1.2877 0.0023 0.18
$US vs Euro 0.7992 -0.0012 -0.15
$US vs UK 0.6334 -0.0016 -0.25
$US vs CHF 0.9601 -0.0018 -0.19

Research Updates (20)
Special Reports (1)
Hybrids Special Reports: Crown Subordinated Notes (CWNHA)


Funds (2)
Brook Alpha (NZ) (23180)
Neutral
Brook Tasman (NZ) (23181)
Neutral

Shares (17)
ARB Corp (ARP)
Reduce
Boart Longyear (BLY)
Under Review
Flight Centre (FLT)
Hold
Fairfax Media (FXJ)
Hold
Graincorp (GNC)
Hold
Independence Group (IGO)
Hold
Kingsgate Consol. (KCN)
Accumulate
Lend Lease Group (LLC)
Accumulate
Newcrest Mining (NCM)
Accumulate
Perpetual (PPT)
Hold
Spark Infrastructure (SKI)
Reduce
Sirtex Medical (SRX)
Under Review
Sirtex Medical (SRX)
Under Review
Sirtex Medical (SRX)
Under Review
Sirtex Medical (SRX)
Under Review
Super Retail Group (SUL)
Hold
Seven West Media (SWM)
Accumulate

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.

© 2012 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf.


ENDS

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