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>>Weekly Market Outlook


The Dow fell nearly 217 points on Friday, or 2.1%, to 10172.98, while the S&P 500 dropped 24.72 pts (2.2%) and the Nasdaq sank 60.4 pts (2.7%).

Stocks dropped for the third straight day on Wall Street as uncertainty about valuations, a strengthening US dollar, fear for tightening measures in China, Obama’s unexpected hard line on Wall Street and uncertainty about the future of Fed chairman Ben Bernanke all played havoc with investors minds.

Highlights this week in Australia include producer prices on Monday and consumer prices on Wednesday. The local markets are closed on Tuesday to celebrate Australia Day.

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Weekly Market Outlook
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Upcoming Floats
Company Closing date Floating date Issue price
Altus Renewables Limited - - $0.50
Blackcrest Resources Limited - - $0.20
Doray Minerals Limited - - $0.20
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Broker Consensus
Company Update Current price Brokers Buy, Hold, Sell Research report
Aristocrat Leisure Limited 25/01/2010 $4.00 10 Hold download report
Australia and New Zealand Banking Group Limited 25/01/2010 $22.10 10 Hold download report
Challenger Financial Services Group Limited 25/01/2010 $4.06 10 Hold download report
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Changes in Director Interest
Company Date of change Quantity Change Type Research report
Tianshan Goldfields Limited (TGF) 22/01/2010 547,110 Acquired -
Medic Vision Limited (MVH) 21/01/2010 1,000,000 Acquired -
Vita Life Sciences Limited (VSC) 20/01/2010 14,301 Acquired -
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Dividend timetable
Company Comment Dividend per share Franking Ex-dividend date Payment date
Djerriwarrh Investments Limited (DJW) 2010 Half Yearly Result 10 ¢ 100% 29/01/2010 19/02/2010
ITX Group Limited (ITX) 2010 Half Yearly Result 2.75 ¢ 100% 2/03/2010 23/03/2010
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News

CPI, market to rule rates

The Age 25/01/2010 | THIS week's inflation figures are likely to prompt a fourth consecutive interest rate rise next week, economists say, unless expected volatility in the Australian sharemarket causes the Reserve Bank to take pity on mortgage holders.

Bank reform fears to test market

Sydney Morning Herald 25/01/2010 | UNCERTAINTY about the Obama bank reform agenda is set to roil the Australian sharemarket this week, but may offer homeowners the silver lining of delaying interest rate rises.

Rent pressure on CBD space

The Age 25/01/2010 | TENANTS in Australia are bracing for a huge leap in rents as limited new supply of quality office space puts landlords back in charge.

Landlords gain the upper hand

Sydney Morning Herald 25/01/2010 | TENANTS across the country are bracing for a huge rises in rents because of a limited supply of new quality office space. In Sydney, rent of $1400 a square metre is being asked for the top floors of a $700 million-plus office tower, 1 Bligh Street, which is being built by Dexus Property. The law firm Clayton Utz has leased the bottom 15 floors of the 28-storey building on the corner of Bligh, Bent and O'Connell streets. A marketing campaign is due to start for the higher floors.

Struggling to adjust to new structure

Sydney Morning Herald 25/01/2010 | While CBD was away ... one of the former Babcock & Brown satellites continued to have problems detaching itself from its one-time parent.

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WealthBuilder - Re-enter the market confidently
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