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European stocks up 3.3%
ASX set to open flat
wise-owl.comPowered by
The Standard & Poor’s 500 Index surged 3.3 percent to cap its best
week of 2015 as Federal Reserve officials signalled the American
economy is robust enough to withstand the first rate increase since
2006. Equities overcame investors’ anxieties following the attacks in
France, and got further support as Europe’s central bank reiterated its
intention to add stimulus if needed.
The S&P 500 jumped to 2,089.17 in the five days, as the biggest gain
since December pushed the gauge above its average price for the past
200 days and left it 2 percent below an all-time high.
All 10 main groups in the S&P 500 climbed at least 1.3 percent, as
consumer-discretionary shares led gains with a 4.5 percent rally.
The Stoxx Europe 600 Index rose 0.2 percent to 381.78 at the close of
trading. Shares have rebounded 13 percent since a September low
amid optimism that the European Central Bank will add to stimulus
measures. Stocks posted a 3.3 percent weekly advance, after Federal
Reserve minutes indicated the U.S. economy can withstand higher
borrowing costs, while officials reiterated that increases will be gradual.
U.S. and European Stocks Climb after FED and ECB Comments
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +0.38%
Dow Jones +0.51%
NASDAQ +0.62%
Stoxx 600 +0.22%
FTSE100 +0.07%
Dax30 +0.31%
Crude Oil +0.43%
Gold -0.17%
The ASX200 experienced a strong week as global equity markets
rebounded following sharp declines the prior week. After a steep fall on
Monday that saw the ASX dip below the 5,000 mark, investor
sentiment improved throughout the week.
The ASX 200 concluded the week at 5,256 points, which is a 4.1% gain
for the five days.
Financials, Miners and also Consumer Staples pushed the local equity
index higher. Investors took advantage of beaten down bank stocks
that appear to offer good value at current prices.
There was not much economic news in Australia last week as overseas
headlines took the spotlight. Investors assess the impacts of a potential
interest rate hike in the U.S. next month. Earlier this year rising rates
were considered harmful for high-risk assets, however investors seem
to believe now that higher rates are a good sign as the U.S. economy
continues to strengthen.
Australian Share Market Gains for the Week
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 +0.26%
ALLORDS +0.23%
CBA +0.87%
BHP +0.39%
WBC +0.89%
NAB +0.81%
FLN +2.90%
CHC +1.12%
PTM -0.62%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action last week
UPCOMING ANNOUNCEMENTS
Courtesy of http://www.brrmedia.com/calendar
What’s coming up?
DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT
25/11/2015 CHC CHARTER HALL GROUP 2015 Core Plus Industrial Fund (CPIF) Annual Review
25/11/2015 CMW CROMWELL PROPERTY GROUPCromwell Property Group 2015 Annual General
Meeting
26/11/2015 DYE DYESOL LIMITED Dyesol Annual General Meeting 2015
26/11/2015 GTY GATEWAY LIFESTYLE GROUP Gateway Lifestyle Group 2015 Annual General Meeting
27/11/2015 QHL QUICKSTEP HOLDINGS LIMITED Quickstep Holdings Ltd 2015 Annual General Meeting
27/11/2015 ESIENVIRONMENTAL CLEAN
TECHNOLOGIES LIMITED
Environmental Clean Technologies 2015 Annual
General Meeting
18/12/2015 GNC GRAINCORP LIMITED GrainCorp 2015 Annual General Meeting
10/02/2016 BLD BORAL LIMITED Boral Half Year Results
1/12/2019 SUN SUNCORP-METWAY LIMITED. Date Payable
2/12/2019 QBE QBE INSURANCE GROUP LIMITED Annual General Meeting
2/12/2019 HJBHAMILTON JAMES & BRUCE GROUP
LIMITEDInterim Results
2/12/2019 CHP CHAPMANS LIMITED Full Year Results
2/12/2019 MCH MURCHISON HOLDINGS LIMITED Interim Results
UPCOMING DIVIDENDS
Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends
Tasty dividends
DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %
DLX DuluxGroup 24 Nov 2015 15 Dec 2015 11.50 100.00
BENPD -- 25 Nov 2015 14 Dec 2015 253.52 100.00
IFZ Infratil 25 Nov 2015 15 Dec 2015 4.87 0.00
MQGPA -- 25 Nov 2015 07 Dec 2015 264.50 40.00
ORI Orica 25 Nov 2015 18 Dec 2015 56.00 35.71
RHL Ruralco Holdings 25 Nov 2015 18 Dec 2015 7.00 100.00
YTMF01 -- 25 Nov 2015 10 Dec 2015 75.63 0.00
AGLHA HY 3M 06-39 Q SU T 26 Nov 2015 08 Dec 2015 148.72 --
ANZPA -- 26 Nov 2015 15 Dec 2015 92.15 100.00
WBCPD -- 26 Nov 2015 08 Dec 2015 93.63 100.00
GNC Graincorp 27 Nov 2015 15 Dec 2015 2.50 100.00
AYJ Australian Masters Yield Fund No 3 30 Nov 2015 10 Dec 2015 46.00 100.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
BBN.asx - steaming hot CLX.asx - cooling down
Baby Bunting offers profitable exposure to
domestic demand for baby goods. We are
attracted to its growth record, strong online
presence, management team and expansion
strategy. BBN has gained ~57% since its
IPO listing in October.
CTI Logistics Limited posted soft FY15
results as revenue fell 12% and profit
declined nearly 40%. CLX is engaged in the
provision of logistics and transport services,
rental of property, manufacturing of plastic
products and provision of security services.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
No economic news for
Australia
German Manufacturing
data due today at 7:30
PM
US set to release
existing home sales data
overnight
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTSonic Healthcare Reaffirms FY16 Guidance
at AGM
Sonic Healthcare (ASX:SHL) held its Annual General Meeting
(AGM) today and provided a trading update to its shareholders.
SHL is tracking “in line with guidance” as the Company reaffirmed
its FY16 guidance.
Sonic Healthcare expects EBITDA of A$815-840 million at
constant currency rates and 20% growth at current currency rates.
The guidance excludes further acquisitions and the board expects
“normal earnings weighting to H2 more accentuated this year”.
Interest expenses are expected to increase by 5-10% due to
acquisitions completed.
Read the full story here: https://www.wise-owl.com/news/sonic-
healthcare-reaffirms-fy16-guidance-at-agm
LATEST UPDATE FROM WISE-OWL
Slater and Gordon Ltd (SGH)
CODE COMPANY ANNOUNCEMENTActive Investor's Recommendation: Slater
and Gordon Ltd (SGH)
ASX:SGH
Slater and Gordon Limited (“SGH”), established in 1935, is a law
firm operating legal practices in Australia and the UK. The company
specialises in compensation law, conveyancing, family law, wills,
estate planning & probate, class action, criminal law and dispute
resolution. In March 2015 Slater and Gordon announced the
acquisition of the Professional Services Division (“PSD”) of Quindell
plc for £637m. Since June 2015 Quindell plc is under investigation
by the Financial Conduct Authority for its accounting practices.
SGH‘s share price has retreated below fair value following the
acquisition of Quindell’s PSD and the ongoing investigation by
financial regulators. We favour SGH’s short-term technical trajectory
after establishing support and breaking out to the upside. If the
stock rises, short-sellers could be forced into closing positions which
could help accelerate buying.
BUY | Price $3.05 | Target $4.35 | Yield: 3% | Short-Term Outlook
Click here to read 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 is stabilising but remains in a medium-term downtrend
We increase our focus on small-mid cap stocks
We remain cautious on the resource sector
We expect international markets to benefit from lower volatility
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
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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