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

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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

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