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RBS Round Up: 23 November 2010

RBS Round Up: 23 November 2010

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Published by egolistocks
RBS Round Up brought to you by www.egoli.com.au Australia's best privately owned Share market news and stock information website.
RBS Round Up brought to you by www.egoli.com.au Australia's best privately owned Share market news and stock information website.

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Published by: egolistocks on Nov 28, 2010
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11/28/2010

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Equity Structured Products and Warrants
This material has been produced by RBS sales and trading staff and should not be considered independent.
The Round Up
23 November 2010
 
Issue No. 449
The Round Up is a comprehensivedaily note produced by the RBSWarrants team providing an overviewof market movements along withquality ideas for warrant traders andinvestors.
Daily Monitor
Global Market Action
Scoreboard, commentary
Aussie Market Action
SPI Comment, Events & Dividends
Telstra Corp. (TLSKZD)
 
MINI Trading Buy
– 
It's all in the timing
 
BHP Billiton (BHPKZJ) MINI Trading Buy
– 
Deploying the cash
 
Origin Energy (ORGKZC) MINI Trading Buy
 – Cashflow set to surge
 Australian Strategy Monthly Market Review - October 2010
 
Equity Structured Products and Warrants
Overnight Commentary
 
United States Commentary
The US finished in the red with financials weaker as Euro concerns coupled with FBI raids on 3 hedge funds as part of awide insider trading probe. Energy plays were also lower as the price of crude slipped while techs were the strongestperformers with takeover talk adding support.
Movers -
BOA and JPM finished 3.1% and 2.3% lower while AMEX and GE gave up 1.2%. Chevron lost 0.6% and Alcoa0.7% as they tracked their relative measures while HP's added 1.8% as it gets set to report results after market. GS,Marshall and Isley and Regions Financial finished down 3.3% to 4.3% as details around the FBI probe remain limited.On a brighter note Novell added 6.6% as an investor group agreed to pay 2.2b for the software company.
United Kingdom and Europe Commentary
UK -
The FTSE was lower overnight as contagion fears in Europe and lingering concerns over tightening in China sawbanks an resource plays lower across the board. Banks with exposure to Ireland were the biggest laggards with Lloydsand RBS off 4.6% to 4.2% while Lonmin, BHP and RIO shed 0.6% to 2.6%. Invensys shed 1.8% as Merrill's downgradedthe stock to HOLD, while defensive names were in favour with Severn Trent and Scottish & Southern Energy adding1.4% and 1%.
 
Equity Structured Products and Warrants
Commodities Commentary
 
Last % Move
GOLD
 
1367
 
0.6%
 
OIL
 
81.66
 
0.4%
 
NI
 
21556
 
-1.2%
 
AL
 
2268
 
1.2%
 
ZN
 
2138
 
-1.0%
 
CU
 
8290
 
-1.4%
 
CRB
 
-0.3%
 
SPI Commentary
The SPI traded down 17ts to 4665. Open at 4648 with a high of 4688 and a low of 4626. Volume 25,537. Overnight the SPI tradeddown 24pts to 4638.
SPI Intraday SPI Daily
*SPI report taken from the 9:50am open to the 4:30pm close on the previous trading day. Charts taken from IRESS 
Upcoming Economic Events for the Week
Monday
AUSUS
Tuesday
AUSUS
GDP (QoQ),Existing Home Sales , FOMC Meeting Minutes
Wednesday
AUS
CB Leading Index (MoM) 
US
Core Durable Goods Orders (MoM),Initial Jobless Claims (MoM),Personal Spending (MoM) , New Home Sales
Thursday
AUSUS
Friday
AUS
 
RBA Governor Stevens Speaks
US
*Dates are indicative only and may change 

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