STOXX 600 adds 1.9%
ASX Futures up 24 points
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U.S. stocks rose, with the Standard & Poor’s 500 Index recovering
from a 21-month low, as energy shares rallied with oil and the
European Central Bank signalled the potential for more stimulus
measures amid uncertain prospects for global growth.
The S&P 500 rose 0.5 percent to 1,868.86 at 4 p.m. in New York,
trimming an earlier 1.6 percent climb in a recovery from the lowest
level since April 2014.
Equities alternated for a seventh day between gains and losses amid
the S&P 500’s worst start to a year since 2008.
A weakening in the euro buoyed exporters and commodity producers,
after Draghi noted an increase in downside risks this year and said
there were no limits to the central bank’s actions within mandate. The
Stoxx Europe 600 Index closed 1.9 percent higher, the biggest
advance since Dec. 23, after an intraday gain of as much as 2.5
percent.
US and European Stocks Recover
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +0.52%
Dow Jones +0.74%
NASDAQ +0.01%
STOXX 600 +1.93%
FTSE100 +1.77%
DAX30 +1.94%
Crude Oil +4.41%
Gold -0.47%
The local share market defied weakness in global markets overnight as
it managed to record its third gain in the last three weeks.
The benchmark index ASX 200 had a strong rally in the morning, rising
1.8 percent, which was later weighed down by banks and weakness in
the Asian markets, to close the day 0.5 percent higher at 4,864 points.
All sectors except Financials finished in the green. Telecommunications
gained 2.5 percent, led by Telstra (TLS) which lifted 2.6%. Three out of
four big banks closed in the red yesterday as ANZ continued to drop
the most, falling another 1.7 percent, while Nab added 0.3 percent.
Origin (ORG) jumped 6.7 percent as the company announced to the
market that it can survive in low oil price conditions. On the other hand,
Woodside (WPL) dropped 1.5 percent as it announced a write-down
worth $1.7 billion.
ASX Finishes in the Green
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 +0.46%
ALLORDS +0.42%
CBA -1.03%
BHP -0.07%
WBC -0.57%
NAB +0.30%
CHC -0.46%
BKY -1.01%
BPF +3.06%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action yesterday
UPCOMING ANNOUNCEMENTS
Courtesy of http://www.brrmedia.com/calendar
What’s coming up?
DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT
27/01/2016 EVN EVOLUTION MINING LIMITED December 2015 Quarterly Results
28/01/2016 SFR SANDFIRE RESOURCES NL Sandfire Resources 2015 December quarterly update
28/01/2016 CCP CREDIT CORP GROUP LIMITED Credit Corp Group Half Year Results
10/02/2016 BLD BORAL LIMITED Boral Half Year Results
18/02/2016 EVN EVOLUTION MINING LIMITED Evolution Mining FY16 Half Year Financial Results
18/02/2016 MOC MORTGAGE CHOICE LIMITEDMortgage Choice Interim Financial Results
Presentation
19/02/2016 DUE DUET GROUP DUET 2016 Half Year Results
19/02/2016 FXJ FAIRFAX MEDIA LIMITED Fairfax Media Half Year Results
22/02/2016 BSL BLUESCOPE STEEL LIMITED Bluescope Steel 2016 Half Year Results
24/02/2016 AWE AWE LIMITED AWE Limited Half Year Results
24/02/2016 PGH PACT GROUP HOLDINGS LTD Pact Group Holdings Half Year 2016 Results
25/02/2016 MQA MACQUARIE ATLAS ROADS GROUP Macquarie Atlas Roads Full Year Results 2016
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 %
TWR Tower 18 Jan 2016 03 Feb 2016 6.01 0.00
CUP Countplus 19 Jan 2016 15 Feb 2016 2.00 100.00
YCNPA -- 19 Jan 2016 29 Jan 2016 0.00 0.00
MHI Merchant House International 20 Jan 2016 29 Jan 2016 0.50 0.00
NABHA HY 3M PER Q X ST 27 Jan 2016 15 Feb 2016 87.46 --
ACL Alchemia 01 Feb 2016 24 Feb 2016 9.30 0.00
GSBC17 TB 6.00% 02-17 6M 03 Feb 2016 15 Feb 2016 300.00 --
GSIC22 TIB +1.25% 02-22 3M 10 Feb 2016 22 Feb 2016 33.83 --
GSIO20 TIB +4.00% 08-20 3M 10 Feb 2016 22 Feb 2016 163.41 --
GSIO35 TIB +2.00% 08-35 3M 10 Feb 2016 22 Feb 2016 52.71 --
GSIO40 TIB +1.25% 08-40 3M 10 Feb 2016 22 Feb 2016 31.62 --
GSIU18 TIB +1.00% 11-18 3M 10 Feb 2016 22 Feb 2016 26.05 --
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
CSL.asx - steaming hot WPL.asx - cooling down
Shares of the biotechnology heavyweight CSL
Limited have risen 27% since the beginning of
the year, while the market slumped 8.1%. The
company has been delivering solid earnings
growth in the past decade and has diversified
exposure to different geographies such as the
USA, the UK, Germany and Switzerland.
Woodside Petroleum’s share price took a hit
after the company released weaker than
expected operational results for 4Q2015. The
company pointed the lower revenues towards
the plunging crude prices and hinted that it
might cut its final dividend due to impairments
and other one-off material non-cash charges.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
No economic news for
Australia
German manufacturing
data to be released at
7:30 PM (AEDT)
UK retail sales data due
tonight
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTBroadspectrum Rejects Ferrovial’s Takeover
Bid
Broadspectrum Limited (ASX:BRS) reported to the ASX that it
recommends its shareholders to reject the takeover bid by the
Spanish infrastructure group, Ferrovial Services Pty Ltd as the
management finds the bid undervaluing the company’s shares.
The logistics and consulting firm which was formerly called
Transfield Services, lodged its Targets Statement today. The
company stated that its management unanimously voted against
Ferrovial’s offer worth $715 million as they find it significantly
undervalued Broadspectrum’s shares.
The valuation provided by Ernst & Young Transaction Advisory
Services Limited, which was hired by Broadspectrum, concluded
that the offer was not fair and reasonable.
Read the full story here: https://www.wise-
owl.com/news/broadspectrum-rejects-ferrovial-s-takeover-bid
LATEST UPDATE FROM WISE-OWL
Woolworths Limited (WOW)
CODE COMPANY ANNOUNCEMENTDividend Portfolio: Woolworths Limited (WOW)
- BUY
ASX:WOW
Woolworths Limited ("Woolworths, the Company") is an Australian
diversified retail company that owns the Woolworths supermarket
chain and other franchises with exposure to Food & Liquor, Petrol,
Hotels, Merchandise and Home Improvement. Woolworths operates in
Australia and New Zealand and owns major brands such as BigW,
Beer Wine Spirits (BWS) or Dan Murphy's. The Company was
founded in 1924 and listed on the ASX in 1993.
Woolworths has a long-lasting history of delivering shareholder valueand sustainable growth. Whilst 2016 earnings are expected to be ~25-30% below the previous corresponding period, increased investmentinitiatives have the potential to yield long-term economic benefits.
Last Price: $23.45 | Target: $26.50 | Yield: 5.5% | Outlook: 12m+ 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
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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