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Local Indices Local Index Futures Currencies 1020
Close % Ch MTM Pts Ch Last % Ch 1010
All Share 28883 1.86% SEP10ALSI 25776 552 Rand Dollar 7.299 0.13% 1000
990
ALSI40 25752 2.09% Rand Sterling 11.559 1.04%
980
FINI 8128 1.21% Overseas Futures (8:00am) Rand Euro 9.614 0.92%
970
GOLD 2330 -0.35% Last % Dollar Euro 1.317 0.84% 960
INDI 23501 1.51% Dow Futures 10596 -0.20% 950
x10
30 7 14 21 28 4 11 18 25 1 8 15 22 1 8 15 22 29 5 12 19 26 3 10 17 24 31 7 14 21 28 5 12 19 26 2 9 16
Resource 49708 2.78% S&P Futures 1118 -0.26%
December 2010 February March April May June July August
General Commentary
Foreign Indices Yesterday's top movers Commodities The JSE opened stronger on Monday following global positive sentiment, and riding the
Last % Ch On the UP side Last % Ch wave from the positive US manufacuring numbers released yesterday. A number of 55.5
Dow Jones 10674 1.99% Tigerbrands 3.81% Gold (US$) 1181 0.02% vs the expected 54.5 surprised traders and the equity markets rallied as a result.
Nasdaq 100 2295 1.80% BHP Billiton 3.70% Gold (Rand) 8618 0.00% South Africa’s manufacturing index is up for the first time in over five months. Even
S&P 500 1125 2.20% Anglo Plat 3.56% Platinum 1584 -0.54% though it rose, its still below the 50 break-even level, indicating that manufacturing in SA
FTSE 5397 -2.65% Brent Crude 80.87 -0.32% is still under pressure from last year’s contraction.
DAX 6292 2.34% On the DOWN side Resource shares were amongst the biggest winners yesterday went from on the back of
CAC 3752 2.99% WBHO -1.94%
positive results released by AGL. The company, run by a woman named Cynthia Carroll,
Nikkei 225 9667 1.01% PPC -1.86%
announced on Friday it will be resuming dividend payments after a two year halt. The
ASX200 4578 0.52% Imperial -0.62%
resumption of its dividend paying policy has instilled confidence among investors as they
believe the global recovery is under way.
Today, US Personal Income and Expenditure results is due for release in the US and is
expected to stay at largely unchanged. Personal Consumption and Expenditure is one of
the biggest contributors to the country’s GDP, and therefore a very important indication
to the direction the US bourse will pursue.
The chart of the Dow, which is an aggregate of the 30 largest companies in the US, had a
very bullish candlestick yesterday by closing on its high. We expect a further upside but
will not be buying at these levels as the risk reward ratio does not favour such action, ie
too much risk for the relatively small reward.
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