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Stoxx 600 gains 0.1%
ASX set to open higher
wise-owl.comPowered by
U.S. stocks joined a global rally, sending the Standard & Poor’s 500
Index to its highest close this year, as investors reassessed stimulus
measures in Europe and warmed to the steps taken to boost growth.
The S&P 500 rose 1.6 percent to 2,022.19 at 4 p.m. in New York,
capping a fourth straight week of gains, the most since November. The
index gained 1.1 percent over the week.
Equities rallied Friday after a late-day rebound on Thursday erased a
selloff in the wake of expanded measures announced by the European
Central Bank, along with comments by President Mario Draghi that
suggested further cuts to interest rates were not likely.
The Stoxx Europe 600 Index climbed 2.6 percent to a six-week high,
boosted by gains in financial firms and automakers.
The index ended up 0.1 percent, posting its longest streak of weekly
gains in almost a year. The gauge has rebounded 13 percent from
February’s low, led by gains in commodity producers and banks.
US Stocks Record Highest Close in 2016
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +1.64%
Dow Jones +1.28%
NASDAQ +1.85%
STOXX 600 +2.62%
FTSE100 +1.71%
DAX30 +3.51%
Crude Oil +1.74%
Gold -1.05%
The local share market posted its second weekly gain as the
benchmark index ASX 200 gained 1.5% in five days. The index was
last quoted at 5166 points on Friday.
Last week investors digested economic data from the US, China,
Europe, and New Zealand. The US non-manufacturing PMI
(Purchasers Manufacturing Index) declined to 53.4% from 53.5% in
January.
Chinese trade surplus contracted to US$32.6 billion from US$63.3
billion in January. However, the country’s CPI (Consumer Price Index)
grew 2.3% year-on-year in February, compared to 1.8% rise in
January. The Reserve Bank of New Zealand slashed its interest rates
by 25 bps to a record low of 2.25%.
The ECB announced an array of stimulus measures as the Bank cut its
main benchmark rate from 0.05% to zero, lowered the deposit rates
from -0.3% to -0.4% and boosted its monthly bond purchases from $60
billion Euros to 80 billion Euros. It also added corporate bonds to the
existing basket of assets it can purchase and announced long-term
loans at zero or negative interest of up to four years to further support
the regional banks.
ASX Up 1.5% for the Week
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 +0.32%
ALLORDS +0.27%
CBA +0.37%
BHP -0.73%
WBC +0.28%
NAB +0.51%
WOW -1.37%
CGF +1.56%
IAG +0.18%
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 %
NABPC -- 14 Mar 2016 23 Mar 2016 102.39 100.00
ADH Adairs 15 Mar 2016 06 Apr 2016 5.00 100.00
ALU Altium 15 Mar 2016 06 Apr 2016 10.00 0.00
ANZPE -- 15 Mar 2016 24 Mar 2016 192.50 100.00
ANZPF -- 15 Mar 2016 24 Mar 2016 204.71 100.00
APD APN Property 15 Mar 2016 12 Apr 2016 1.25 100.00
BWF Blackwall Property Funds 15 Mar 2016 06 Apr 2016 1.70 100.00
BWR Blackwall Property Trust 15 Mar 2016 06 Apr 2016 6.00 0.00
CIM CIMIC Group 15 Mar 2016 08 Apr 2016 50.00 100.00
DWS DWS 15 Mar 2016 04 Apr 2016 4.75 100.00
EPX Ethane Pipeline 15 Mar 2016 15 Apr 2016 3.25 77.09
MBLPA -- 15 Mar 2016 24 Mar 2016 236.88 40.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
TNK.asx - steaming hot ADO.asx - cooling down
Shares of Think Childcare Limited reached an
all-time high and closed at $1.2 on Friday. The
company released a robust half-yearly result as
its NPAT for CY15 exceeded the prospectus
forecast by 11.1% to $4.8 million. The company
also announced a 33% franked dividend of 7.2
cents per share, payable on 31 March 2016.
Shares of Anteo Diagnostics have been
travelling in a downtrend since August 2015.
The company was delisted from the All
Ordinaries index on Friday. Anteo recently
announced its financial results for the 1H16
period with its net profit down 36% compared to
pcp. However, revenue rose 16% during the
period.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
No economic news for
Australia
European industrial
production data due at
9:00 PM (AEDT)
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTACCC Approves for Coles to Acquire Five
Supabarn Supermarkets
Owner of the supermarket giant Coles, Wesfarmers (ASX:WES)
announced that The Australian Competition and Consumer
Commission (ACCC) has approved for its restructured proposal to
acquire five Supabarn supermarkets in the NSW and ACT regions.
Supabarn is a privately owned supermarket operator with nine
stores operating in the ACT and NSW and two development sites.
Apart from Coles and Woolworths, Supabarn is the only operator
providing ‘full-line’ supermarkets that include a liquor section in the
ACT region.
Coles had originally proposed to acquire all nine supermarkets
from Supabrarn. The competition watchdog had raised concerns
over the proposal in September 2015, stating that the acquisition
would most likely not result in a ‘healthy competitive’ environment.
Read the full story here: https://www.wise-owl.com/news/accc-
approves-for-coles-to-acquire-five-supabarn-supermarkets
LATEST UPDATE FROM WISE-OWL
Mint Payments Ltd (MNW)
CODE COMPANY ANNOUNCEMENTGrowth Portfolio: Mint Payments Ltd (MNW) -
Spec Buy
ASX:MNW
Mint Payments Limited (“Mint”, the Company”), is an Australian
technology company focused on payment solutions, transaction
processing and ecommerce. Mint’s payment technology allows
enterprises to accept credit card and debit card payments on most
devices. The Company has offices and operations in Australia,
Singapore and New Zealand. Founded in 2007, Mint listed on the
Australian Securities Exchange (“ASX”) in 2009.
Mint is recording strong user growth on its platform and total
transaction values have increased 243% year-on-year largely
driven by its major customers Bank of New Zealand and MYOB.
Revenue has increased at an average rate of 140% over the past
three years.
SPEC BUY | Last Price: $0.085 | Target: $0.20 | Stop: $0.05 |
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
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
wise owl a formidable reputation for discovering ‘the bluechips of tomorrow’. Investors,
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capital market services.
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LICENSE & DISCLAIMER
DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER
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