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RBS Round Up 25 January 2011

RBS Round Up 25 January 2011

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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 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
25 January 2011
 
Issue No. 485
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
- The US finished in the black as continued M&A activity coupled with strength in material stocks and tech playsprovided support for all 3 major indices. Alcoa topped the DOW, adding 4%, after their CEO made some bullishcomments about this years demand for Aluminium, while ongoing strength in Copper lead material stocks higher. Intelboosted demand for large cap techs after increasing their dividend by 15% and authorising another $10B buyback. Themove saw the stock add 1.8% while IBM added 2.7% as investors speculated it may be the next to approve a stockrepurchase plan given their strong cash position. Packaging stocks were in focus as Rock Tenn bid $3.5B for peerSmurfit-Stone Container Corp sparking rallies of 3.7% and 27.2% respectively while JC Penny added 7.2% afterannouncing William Ackman will join the board in February. Nvidia was best on the 500, adding 11%, after a brokerstated the stock could double while on the downside BOA continued to slide in the wake of weak earnings from some keyfinancials and Exxon and Chevron were weaker as the price of crude fell 1.4%.
United Kingdom and Europe Commentary
UK
- The FTSE was stronger overnight as defensively perceived drug makers and tobacco companies were snapped upahead of this weeks GDP numbers from the UK and US as well as the outcome of the latest 2 FOMC meetings. BritishAmerican Tobacco took pole position adding 4% while Imperial Tobacco added 2%. AstraZeneca and GlaxoSmithKlineadded 2.3% and 2% while miners RIO, Vedanta and BHP added 1.7% to 2.5% as the price of copper continued torally. Banks were the biggest underperformers as a government backed commission lodged a proposal to make retailbanking safer, igniting fears of balance sheet strains on lenders; RBS and Lloyds off 1.9% and 3.4% respectively. GDPnumbers will be released tonight which will provide the FTSE with a better insight into the state of the economy.
 
Equity Structured Products and Warrants
Commodities Commentary
Last % Move
GOLD
 
1335
 
-1.0%
 
OIL
 
87.85
 
-1.4%
 
NI
 
1185
 
0.0%
 
 AL
 
108.0
 
-0.3%
 
ZN
 
104
 
-0.7%
 
CU
 
433
 
0.9%
 
CRB
 
333 -0.4%
 
SPI Commentary
The SPI traded up 45pts to 4770. Open at 4725 with a high of 4774 and a low of 4725. Volume 24,993. Overnight the SPI traded up4pts to 4779.
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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