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RBS Round Up 24 January 2011

RBS Round Up 24 January 2011

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Categories:Business/Law
Published by: egolistocks on Jan 25, 2011
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01/25/2011

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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
24 January 2011
 
Issue No. 484
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
Equinox Minerals (EQNKZB) MINI Trading Buy – Citadel not priced in
 
Qantas (QANKZL) MINI Trading Buy ESG factors trendingpositively
 
S&P500 (SPFKZQ) MINI Trading Short US Market pullbackAustralian Strategy Monthly Market Review - December 2010
 
Equity Structured Products and Warrants
Overnight Commentary
 
United States Commentary
US indices were mixed Friday as strong earnings from GE saw the DOW chalk up its eighth consecutive weekly gain,while the S&P was unable to follow suit, finishing down 0.8% over the 5 day period and snapping a seven week hotstreak. GE topped the DOW, adding 7.1% after reporting stronger than expected earnings following a strong recovery intheir finance arm and locomotive sales. The result sparked gains in other growth proxies with AMEX, and 3M adding1.6% and 1.4% while Exxon and Chevron added 1.6% and 1.2% despite a fall in the price of crude. On the downside,BOA shed 2% after reporting weaker than expected numbers with a $2B write-down within the mortgagebusiness hampering earnings. Google dragged the NASDAQ into the red as investors cashed in profits following recentoutperformance in the tech heavyweight.
United Kingdom and Europe Commentary
The FTSE was stronger Friday with energy plays and miners providing support for the market. BG and RDSA added1.1% and 1.3% as a broker upgraded the names to a BUY, while Cairn Energy and Tullow Oil posted wins of 1.8%. BHP,African Barracks and RIO added 0.1% to 2.1% as metals firmed, while Autonomy added 3.9% after winning 2 new licencedeals. RBS topped the leader board, adding 6.5%, after it was reported they could leave the asset protection programearlier than expected. On the downside Burberry fell 1.3% after strong Chinese data raised concern for further tighteningand United Utilities and Intl Power fell 1.3% and 1.1% after their recent strength. All eyes are on Tuesdays GDP readwhich will provide more direction for the market.
 
Equity Structured Products and Warrants
Commodities Commentary
Last % Move
GOLD
 
1344
 
-1.5%
 
OIL
 
89.11
 
-0.5%
 
NI
 
1186
 
1.5%
 
 AL
 
109
 
0.5%
 
ZN
 
2318
 
-0.5%
 
CU
 
9441
 
0.9%
 
CRB
 
0.6%
 
SPI Commentary
The SPI traded down 34pts to 4736. Open at 4770 with a high of 4777 and a low of 4718. Volume 33,377. Overnight the SPI traded up21pts to 4746.
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
AUS
CPI (QoQ) 
US
Tuesday
AUSUS
CB Consumer Confidence,House Price Index (MoM) 
Wednesday
AUS
MI Leading Index (MoM) 
US
MBA Mortgage Applications,New Home Sales,Interest Rate Decision
Thursday
AUSUS
Initial Jobless Claims,Durable Goods Orders (MoM),Pending Home Sales (MoM) 
Friday
AUSUS
GDP (QoQ),Employment Cost Index (QoQ),Michigan Consumer Sentiment Index
*Dates are indicative only and may change 
 

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