European stocks fall 1% ASX set to open lower - … · The Dow Jones Industrial Average lost 19.86...
Transcript of European stocks fall 1% ASX set to open lower - … · The Dow Jones Industrial Average lost 19.86...
U.S. stocks edged lower, with the S&P 500 Index slipping from a 10-
month high, as investors evaluated the gauge’s run toward a record
amid lingering concerns about the impact of lackluster global growth.
Equities staged an afternoon rebound as raw-material producers and
banks trimmed losses, while defensive shares including utilities and
phone companies rallied to offset those declines.
The S&P 500 retreated 0.2 percent to 2,115.48 at 4 p.m. in New York,
after losing as much as 0.5 percent. The gauge closed closed 0.7
percent from a record. The Dow Jones Industrial Average lost 19.86
points, or 0.1 percent, to 17,985.19. The Nasdaq Composite Index
declined 0.3 percent.
Skepticism over the European Central Bank’s stimulus program
weighed on the region’s shares for a second day, taking their
valuations to the lowest levels since July 2015 relative to global stocks.
The Stoxx Europe 600 Index fell 1 percent at the close, with more than
500 of its members down.
Banks, Commodities Weigh on U.S. Stocks; Europe Down 1%
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P 500 -0.17%
Dow Jones -0.11%
NASDAQ -0.32%
STOXX 600 -0.96%
FTSE 100 -1.10%
DAX30 -1.25%
Crude Oil -1.50%
Gold +0.79%
The Australian share market swung between gains and losses in
yesterday’s session to finish 0.2% or 8 points lower at the closing bell.
The ASX opened higher - flirting with the 5400 level - before retreating
to hit the daily low around 1:30 PM. The market recovered slightly in
the final hour of trading and closed essentially little changed.
While the blue-chip index fell, the S&P/ASX Small Ordinaries, which
represents the small cap members of the S&P/ASX 300 Index, but
excludes those in S&P/ASX 100 Index, rose 0.9%, outperforming the
largest companies yet again.
The sectors were mixed yesterday: Utilities, Energy and Consumer
Discretionary rose 0.3% each, and the Materials sector was little
changed. Shares in Health Care and Telecommunications declined.
Surfstitch (ASX:SRF) and Amcor (ASX:AMC) released profit
downgrades which sent both shares plummeting. SRF fell 21% while
AMC declined 8%.
Small-Mid Caps Outperform; “All Ords” Little Changed
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 -0.15%
ALL ORDS -0.07%
SMALL ORDS +1.09%
CBA -0.90%
BHP +0.36%
NAB -0.23%
HRR +6.67%
RSG +2.16%
SDF +5.03%
UPCOMING DIVIDENDS
Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends
Tasty dividends & distributions
DATE CODE COMPANY ANNOUNCEMENTCODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %
FPH Fisher & Paykel Hlth 16 Jun 2016 08 Jul 2016 9.29 0.00
YTMAST -- 17 Jun 2016 01 Jul 2016 287.50 0.00
AQHHA HY 3M 09-72 Q RD T 21 Jun 2016 30 Jun 2016 169.04 --
CNGHA HY 3M 03-37 Q RD T 21 Jun 2016 30 Jun 2016 139.51 --
TTSHA BND 3M 07-19 24 Jun 2016 05 Jul 2016 133.92 --
YTMSYD -- 27 Jun 2016 11 Jul 2016 387.50 0.00
CZZ Capilano Honey 29 Jun 2016 29 Jul 2016 40.00 100.00
IMFHA BND 3M 06-19 E 29 Jun 2016 08 Jul 2016 161.64 --
MBLHB HY 3M PER Q ST 29 Jun 2016 15 Jul 2016 99.48 --
RFF Rural Funds 29 Jun 2016 29 Jul 2016 2.23 0.00
RFP -- 29 Jun 2016 29 Jul 2016 2.51 100.00
SYD Sydney Airport 29 Jun 2016 12 Aug 2016 15.00 0.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
REA.asx - steaming hot AHL.asx - cooling down
REA group hit a fresh all-time high of $56.70
yesterday. The company recently announced
that revenues rose 20%, while free cash flow
increased 50% during the 9 months ended 31
March. REA also acquired Flatmates.com.au
adding another high quality asset to the
company’s online presence.
Wise-owl continues to notice contracting
valuations across a number of early-stage tech
start ups. AHAlife is witnessing growth, however
the company remains cashflow negative and is
reliant on external capital. It appears that the
markets early enthusiasm for many new tech
listings has waned.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY
Chinese market remains
closed
No important economic data
today
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTStockland Upgrades Elara Community with
$290m Acquisition
Australian property developer Stockland Group (ASX:SGP)
announced the acquisition of a 95 hectare property at Marsden
Park in north west Sydney which extends its Elara community.
Stockland has entered into an agreement to acquire the property
for $290million from Winten Property Group on “capital-efficient
terms” over 30 months.
Managing Director and CEO Mark Steinert believes that the
acquisition is a “good investment” for Stockland as it increased the
company’s exposure to the Sydney residential property market,
which has been “performing strongly”. Furthermore, he added: “The
North West Sydney Growth Centre remains under-supplied, given
the pent up demand for vacant land and the strong underlying
fundamentals that we see for this corridor.”
Click Here to Read the Full Story
LATEST UPDATE FROM WISE-OWL
Adacel Technologies Ltd (ADA)
CODE COMPANY ANNOUNCEMENTGrowth Portfolio: Adacel Technologies Ltd (ADA)
ASX:ADA
Adacel Technologies Limited ("Adacel", "the Company") is an Australian
software company focused on civil aviation and air defence. The
company's products include air traffic control systems, training software
and voice recognition technology. Adacel's software is being used in
North America, Europe, the Middle East and Asia Pacific.
Adacel offers profitable exposure to demand for enterprise software. We
are attracted to the company's earnings momentum, balance sheet, and
income visibility. Whilst the current valuation assumes a degree of
ongoing growth, we anticipate that evidence of sustainability, recent
implementation of dividends and enhanced liquidity could drive further
capital growth. We initiate coverage with a 'buy' recommendation.
BUY | Last Price: $2.70 | Target: $3.95 | Stop: $1.90 | Outlook: 12m+
View Full Report
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
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The ASX 200 has potential to outperform international markets in 2016/17
We continue to focus on small-mid cap stocks
There are individual opportunities on the ASX 200
We favour the risk/reward ratio for gold miners
We see value in European equities
We see little upside for US stocks
A WISE-OWL PUBLICATION
Presented by Simon Herrmann
DATE CODE COMPANY ANNOUNCEMENT
Wise-owl.com
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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER
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