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European markets erase early gains
ASX Futures little changed
wise-owl.comPowered by
The S&P 500 Index closed at a record for the fifth time in six days, as
technology shares rallied amid deal activity while corporate earnings
spurred optimism that results this season will be sturdy enough to help
sustain equities at record levels.
The Dow Jones Industrial Average closed at a record for a fifth straight
session. SoftBank Group Corp.’s agreement to buy ARM Holdings Plc
for $32 billion pushed semiconductor shares to a 15-year high, and
Bank of America Corp. advanced 3.3 percent after posting higher profit
in each of its four main businesses.
The S&P 500 added 0.2 percent to 2,166.89 at 4 p.m. in New York
amid light trading, following three consecutive weekly gains. The Dow
climbed 16.50 points, or 0.1 percent, to 18,533.05 to extend its longest
winning streak in four months. The Nasdaq Composite Index surged
0.5 percent.
The Stoxx 600 index advanced 0.23 percent after erasing gains of as
much as 0.8 percent, with the volume of shares changing hands about
35 percent lower than the 30-day average.
S&P 500 Gains as Technology Shares Rally
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P 500 +0.24%
Dow Jones +0.09%
NASDAQ +0.52%
STOXX 600 +0.23%
FTSE 100 +0.39%
DAX30 -0.04%
Crude Oil -1.59%
Gold +0.11%
The ASX extended last week’s rally as all sectors with the exception of
materials gained. Consumer Discretionary rose the most jumping
1.5%, followed by Energy stocks, up 1.2% as a group. Resource stocks
declined 0.1% as BHP Billiton (ASX:BHP) fell 0.7%, while the ‘big
banks’ gained across the board
The S&P/ASX 200 rose 0.5% or 29 points to be last quoted at 5459
points.
It is worth noting that the S&P/ASX 200 Volatility Index rose 1.6% after
declining for several sessions. Most of the times the ‘VIX’ and the stock
market tend to move in opposite directions.
Last week the Australian share market rose in all five sessions to gain
200 points or 3.8% over the week.
There was no economic news yesterday.
ASX Extends Rally as All Sectors but Materials Rise
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX 200 +0.53%
ALL ORDS +0.52%
CBA +0.21%
BHP -0.74%
WBC +0.63%
ANZ +0.44%
MML +0.65%
OZL -1.86%
PSQ +3.79%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action yesterday
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 %
AIQ Alternative Investment Trust 18 Jul 2016 26 Jul 2016 4.50 0.00
ASJ3CM DEBT -NSX 18 Jul 2016 31 Jul 2016 7.50 --
YCNPA -- 20 Jul 2016 29 Jul 2016 472.66 0.00
MIR Mirrabooka 25 Jul 2016 09 Aug 2016 16.50 100.00
CUP Countplus 26 Jul 2016 15 Aug 2016 2.00 100.00
LTN Lantern Hotel 26 Jul 2016 10 Aug 2016 2.00 0.00
YTMF02 -- 27 Jul 2016 11 Aug 2016 78.28 0.00
NABHA HY 3M PER Q X ST 28 Jul 2016 15 Aug 2016 0.00 --
YTMF04 -- 28 Jul 2016 11 Aug 2016 71.55 0.00
GSBC17 TB 6.00% 02-17 6M 04 Aug 2016 15 Aug 2016 300.00 --
OZG Ozgrowth 08 Aug 2016 25 Aug 2016 0.25 100.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
FAN.asx - steaming hot PHG.asx - cooling down
Fantastic Holdings Ltd posted strong half year
results as revenue rose 11.7% to 272.8m, while
profit after tax soared 56.6% to $11.9m. The
strong result was driven by same store sales
growth across the 72 Fantastic Furniture stores.
Management focuses on improving the supply
chain and customer service to drive organic
growth. FAN has gained 10% YTD, despite an
early dip in January.
Pulse Health Limited plummeted in May after
the company released an earnings downgrade.
The company stated that the decline in
earnings was due to a recent downturn in
activity of the three rehabilitation hospitals.
Investors have traded cautiously since the
update and PHG’s stock is down 46% YTD,
failing to recover.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY
The Reserve Bank of
Australia (‘RBA’) will
publish the minutes of the
bank's most recent policy-
setting meeting.
European investors await
U.K. inflation data and a
report about German
economic sentiment
U.S. housing data due
tonight
LATEST UPDATE FROM WISE-OWL
Australis Oil & Gas Ltd (ATS)
CODE COMPANY ANNOUNCEMENTFloat Watch: Australis Oil & Gas Ltd (ATS)
ASX:ATS
Australis Oil and Gas Limited ("Australis", "the Company") is an
Australian company focused on the development of oil and gas
exploration assets. The company has a 50% interest in an onshore
acreage in the USA and prospective oil and gas exploration concession
rights in western Portugal. The company aims to build a portfolio of oil
and gas assets via strategic acquisitions.
Australis offers speculative exposure to the oil and gas industry. We are
attracted to management track record of realising value from oil and gas
assets. Principal risks include resource extractability, funding demand
and reliance on the volatile oil price. Whilst exploration risks are
elevated, management pursues a countercyclical acquisition strategy at
the bottom end of the industry cycle, which could provide value to
shareholders if successfully executed.
IPO | Offer Price: $0.25 | Listing 25th July | Rating: 2/5
View Full Report
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
CODE COMPANY ANNOUNCEMENT
We continue to focus on small-mid cap stocks
There are individual opportunities on the ASX 200
We feel comfortable with our exposure to the gold sector
We see little upside for US stocks in the medium-term
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
wise owl a formidable reputation for discovering ‘the bluechips of tomorrow’. Investors,
executives, and institutions harness this expertise through wise owl’s research, and
capital market services.
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LICENSE & DISCLAIMER
DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER
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