Stoxx 600 slides 1.9%
ASX Futures down 12 points
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U.S. stocks were little changed in light trading, following their first
weekly decline in six, as investors assessed economic data for clues
on the course for interest rates.
The Standard & Poor’s 500 Index increased for the first time in four
days. The gauge on Thursday halted the longest stretch of weekly
gains since November after Federal Reserve officials stressed in
comments that rates will rise as soon as data warrant. The main U.S.
benchmark rose less than 0.1 percent to 2,037.05 at 4 p.m. in New
York, after weaving between gains and losses. The index dropped
0.7% during the week.
Europe’s benchmark dropped 1.5 percent at the close of trading. The
volume of shares changing hands was a third percent lower than the
30-day average. The Stoxx 600 fell 1.9 percent last week, recording a
second straight decline, trimming its first monthly advance since
November.
US and European Stocks Finish Week Lower
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +0.05%
Dow Jones +0.11%
NASDAQ -0.14%
STOXX 600 -1.46%
FTSE100 -1.49%
DAX30 -1.71%
Crude Oil +0.30%
Gold +0.19%
The benchmark index ASX 200 declined 1.1% on Thursday and closed
the week 1.6% lower.
Financials as a group slid 2.5% on Thursday as ANZ Banking Group
Ltd (ANZ) slumped 5.2% and Westpac Banking Corporation (WBC)
shed 4.6%. Materials declined 1.7% as BHP Billiton and Rio Tinto lost
3.4% and 3.6% respectively.
The Healthcare sector was bolstered by gains in CSL Limited (CSL),
Ramsay Healthcare (RHC) and Cochlear Limited (COH).
Economic data released last week:
Existing home sales in the US rose 5.1 million in February, against 5.5
million growth in January. Crude oil inventories grew 9.36 million
barrels last week, substantially higher than 1.3 million barrels rise in
the week prior. The country’s GDP expanded 1.4% during the fourth
quarter, an improvement over a 1% rise in the previous quarter.
ASX Drops 1.6% in Holiday Shortened Week
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 -1.13%
ALLORDS -1.01%
CBA -2.45%
BHP -3.41%
WBC -4.58%
NAB -3.53%
WOW +0.31%
VRL -0.96%
AJA +1.67%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action last week
UPCOMING DIVIDENDS
Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends
Tasty dividends & distributions
DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %
AYF Australian Enhanced Income Fund 30 Mar 2016 15 Apr 2016 10.00 31.61
BOQPD -- 30 Mar 2016 15 Apr 2016 256.90 100.00
BPA Brookfield Prime Property 30 Mar 2016 29 Apr 2016 6.00 0.00
CAB Cabcharge 30 Mar 2016 29 Apr 2016 10.00 100.00
CWP Cedar Woods Properties 30 Mar 2016 29 Apr 2016 12.00 100.00
DIVUBS IQ Morningstar Australia
Dividend Yield ETF30 Mar 2016 14 Apr 2016 12.94 0.00
GDF Garda Diversified Property Fund 30 Mar 2016 22 Apr 2016 2.25 0.00
GMF GPT Metro Office 30 Mar 2016 29 Apr 2016 3.85 0.00
IMFHA BND 3M 06-19 E 30 Mar 2016 08 Apr 2016 163.00 --
KBC Keybridge Capital 30 Mar 2016 15 Apr 2016 0.25 100.00
LKOGA 10% CN 31-MAR-17 30 Mar 2016 08 Apr 2016 50.00 --
MBLHB HY 3M PER Q ST 30 Mar 2016 15 Apr 2016 99.98 --
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
VCX.asx - steaming hot ADR.asx - cooling down
Moody’s assigned A2 rating to Vicinity with a
stable outlook on 9 March 2016. The credit
rating agency stated that Vicinity has a solid
liquidity profile which includes undrawn facilities
of around $1.4 billion. Vicinity is expected to
have a moderate financial profile with the
Moody’s forecasting net debt/ EBITDA of
around 5-5.2 times over the next 12-24 months.
Adherium Ltd reported 34% lower operating
revenue for the 1H16 period. Subsequently, the
company’s net loss widened from $0.7 million to
$3.8 million during the reporting period.
Adherium recently established its operations in
North America. ADR is down 22.5% year-to-
date.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
No economic news for
Australia
US consumer confidence
data due overnight
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTENN Group Set to Become Largest Shareholder
in Santos
ENN Ecological Holdings, a subsidiary of ENN Group, is planning
to acquire Hony Capital’s 11.7% holding in Santos (ASX:STO) for
US$750million, subject to its shareholders approval.
Upon completion of the acquisition, ENN Ecological Holdings will
become the largest shareholder within Santos, a title previously
held by Private Equity firm Hony Capital.
Speaking on the matter, ENN Group Chairman Mr Wang Yusuo
said: “The proposed acquisition is an exciting move for ENN. This
introduction to the upstream sector takes us a step forward in our
aim to generate value across the entire natural gas value chain,
and allows us to learn and build experience.”
Read the full story here: https://www.wise-owl.com/news/enn-
group-set-to-become-largest-shareholder-in-santos
LATEST UPDATE FROM WISE-OWL
Shark Mitigation Systems Ltd (SM8)
CODE COMPANY ANNOUNCEMENTFloat Watch: Shark Mitigation Systems Ltd (SM8)
– IPO Report
ASX:SM8
Shark Mitigation Systems Ltd ("Shark Mitigation", "the Company")
is an Australian technology company focused on marine safety. The
Company's primary asset is intellectual property ("IP") surrounding
Shark Attack Mitigation Systems ("SAMS") - a deterrent technology;
and Clever Buoy - a detection and warning system developed in
partnership with Optus and Google. The IP portfolio is subject to a
number of patent applications.
The Clever Buoy technology is in the final stages of pre-
commercialisation testing. The Company anticipates first revenue
from Clever Buoy by the middle of 2016. License agreements have
been executed with diving, surfing, swimming, and wetsuit
companies for the SAMS technology, which has been incorporated
into commercial prototype wetsuit designs and neoprene materials
IPO Report | Offer Price: $0.20 | Listing: 24th Mar | Rating: 2.5/5
Click Here for the Full Report
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
CODE COMPANY ANNOUNCEMENT
The ASX 200 remains in a medium-term downtrend
We continue to focus on small-mid cap stocks
We remain cautious on the resource sector
Bullish view for European equities
There are individual opportunities on the ASX 200
We favour the risk/reward ratio for gold miners
A WISE-OWL PUBLICATION
Presented by Simon Herrmann
DATE CODE COMPANY ANNOUNCEMENT
Wise-owl.com
Discovering the Bluechips of Tomorrow
www.wise-owl.com
Wise owl specializes in identifying emerging companies and financial market trends
very early in their life cycle. The significant capital growth that often follows has earned
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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER
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