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Weekly Market Outlook


The Dow Jones index was up 29.9 points on Friday, or 0.3%, with the S&P 500 up 0.3% and the Nasdaq higher by 15pts or 0.6%. Over the week, the Dow Jones rose by 2.3% with the S&P up 2.7% and Nasdaq lifted by 3.1%.

On the currency front, the Australia Dollar continues to hold above parity, trading at $US1.0133, while in commodities, Gold is holding steady at $US1,344.50 an ounce and Oil is fetching $US89.03 per barrel.

US non-farm payrolls report was well short of expectations, rising by just 36,000 in January. The weakness was attributed to harsh snow storms in the month. The jobless rate plunged from 9.4% to 9%. Hourly earnings jumped by 0.4%.

This week in the US, the Treasury will auction US$72 billion of three and ten-year notes and thirty year bonds.

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Weekly Market Outlook
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Upcoming Floats
Company Closing date Floating date Issue price
Anagen Limited - 15/02/2011 $0.20
Black Mountain Resources Limited - - $0.20
Condor Blanco Mines Limited - 7/02/2011 $0.20
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Broker Consensus
Company Update Current price Brokers Buy, Hold, Sell Research report
Riversdale Mining Limited 24/12/2011 $16.00 7 Hold Download report
Perseus Mining Limited 24/12/2011 $2.83 3 Hold -
Qantas Airways Limited 7/02/2011 $2.43 8 Hold Download report
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Changes in Director Interest
Company Date of change Quantity Change Type Research report
Brazilian Metals Group Limited (BMG) 3/02/2011 500,000 Acquired -
Brazilian Metals Group Limited (BMG) 3/02/2011 500,000 Acquired -
MacarthurCook Property Securities Fund (MPS) 3/02/2011 1,408,911 Acquired -
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Dividend timetable
Company Comment Dividend per share Franking Ex-dividend date Payment date
Crane Group Limited (CRG) 2010 Half Year Result 22 ¢ 100% 8/02/2011 22/02/2011
TABCORP Holdings Limited (TAH) 2010 Half Year Result 24 ¢ 100% 8/02/2011 21/03/2011
Navitas Limited (NVT) 2010 Half Year Result 8.7 ¢ 100% 8/02/2011 28/02/2011
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News

Hurley-burly of a buyout pays nicely

Sydney Morning Herald 7/02/2011 | T here appear to be some overlapping wages and bonuses being paid out by the troubled property group Valad (aka Invalid).

Banks do it tougher but pain won't last

Sydney Morning Herald 7/02/2011 | As the economy continues to chug along at a decent rate, you might expect the country's big four banks to be creaming it on the back of an accompanying growth in credit.

Stagnant market likely after last year's house price boom

Sydney Morning Herald 7/02/2011 | I t's not news vendors want to hear at the beginning of the year, but the outlook for house prices over the next 12 months is a far cry from the sky-scraping highs seen early last year.

House prices: boom times are behind us

The Age 7/02/2011 | The property market soared in the first half of 2010; there is almost universal agreement that there won't be a repeat of this in 2011  most analysts expect it to be a case of "steady as she goes".

Mining, health and carbon tax issues could lead to credibility crash and backdown

Sydney Morning Herald 7/02/2011 | THE federal government's credibility is about to take another battering as some of its more complex and ad hoc tax reforms - the mining tax and the takeover of GST funding from the states - move to the centre stage in the next few weeks.

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