European stocks extend losses

ASX Futures down 13 points

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U.S. stocks declined, with the S&P 500 remaining at a three-week low,

amid mixed data and lingering concerns weak global growth will weigh

on the American economy.

Bank shares were among the biggest losers for a second day, while

energy and raw-material producers – the two strongest groups as

stocks rebounded from a February low – lagged for a third session.

A report yesterday showed U.S. companies hired fewer workers in April

than estimated, signalling employment gains may have peaked and

adding to anxiety over growth sparked by Tuesday's weaker factory

readings overseas.

The S&P 500 fell 0.6 percent to 2,051.12 at 4 p.m. in New York. It was

the benchmark’s biggest back-to-back drop in almost three months.

European stocks posted their longest losing streak in more than a

month as the latest batch of earnings failed to lift investor sentiment.

The Stoxx Europe 600 Index dropped 1.1 percent to 331.8 at the close

of trading.

US Equities Decline amid Weaker than Expected Data

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 -0.59%

Dow Jones -0.56%

NASDAQ -0.79%

STOXX 600 -1.12%

FTSE100 -1.19%

DAX30 -0.99%

Crude Oil +0.30%

Gold -0.80%

The ASX 200 tumbled 1.5% on Wednesday as mining and energy

shares declined. BHP Billiton (BHP) dropped nearly 10% after the

company announced that the Federal Prosecution Service will seek

compensation of US$43billion following the Samarco, Brazil dam

failure on 5 November 2015.

The local share market erased most of the gains from Tuesday’s 2.1%

gain after the Reserve Bank of Australia (RBA) announced a cut of the

interest rate.

The Energy sector fell 5.1% while Materials declined 5.9%. The only

sectors to finish in the black were Health Care (up 0.7%) and Utilities

(up 0.9%).

ASX Tumbles 1.5% as Energy, Resource Stocks Decline

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -1.54%

ALLORDS -1.47%

CBA -0.55%

BHP -9.36%

WBC -1.14%

NAB -1.19%

CHC +1.4%

RSG -4.93%

XTD -2.08%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price yesterday

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 %

HGG Henderson Group 05 May 2016 27 May 2016 14.76 0.00

WAT Waterco 05 May 2016 15 Jun 2016 2.00 100.00

YTMQF3 -- 06 May 2016 24 May 2016 387.50 0.00

GSIO20 TIB +4.00% 08-20 3M 11 May 2016 20 May 2016 164.10 --

TMM Tasmania Mines 11 May 2016 27 May 2016 3.00 100.00

GSBU20 TB 1.75% 11-20 6M 12 May 2016 23 May 2016 87.50 --

GSBU27 TB 2.75% 11-27 6M 12 May 2016 23 May 2016 138.00 --

GSIC22 TIB +1.25% 02-22 3M 12 May 2016 23 May 2016 33.97 --

GSIO35 TIB +2.00% 08-35 3M 12 May 2016 23 May 2016 52.93 --

GSIO40 TIB +1.25% 08-40 3M 12 May 2016 23 May 2016 31.75 --

GSIU18 TIB +1.00% 11-18 3M 12 May 2016 23 May 2016 26.16 --

TWD Tamawood 12 May 2016 02 Jun 2016 10.00 100.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

SGR.asx - steaming hot CVO.asx - cooling down

Shares of The Star Entertainment Group rose

over 15% year-to-date as investors favour The

Star’s strong balance sheet and normalised

earnings. The Star generated normalised

EBITDA of $293 million during the 1H16 period.

Shares of travel insurance provider Cover-More

Group have declined almost 45% year-to-date.

The company recently announced that it has

partnered with Flight Centre brands in the US to

distribute its travel insurance products within

the region.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

Australian retail sales and

trade balance data due at

11:30 am (AEST)

Chinese services PMI

data to be released today

UK services PMI and

house price index due at

5:30 pm (AEST)

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTSocial Media Start-up Visual Amplifiers

Withdraws IPO

Visual Amplifiers Limited, a social media start-up company which

initially sought to list on the ASX on 11 May 2016 has withdrawn

its IPO application. Criticism recently emerged that the valuation

was too high and unsustainable.

Visual Amplifiers eyed an initial public offering (IPO) targeting an

indicative market capitalisation of $50million. As per the latest

prospectus the company intended to raise up to $20 million to

fast-track development of its software platform and increase its

sales force. Wise-owl flagged already in the Australian that

following smaller raisings of some of its competitors, it appeared

that Visual’s valuation may be too ambitious and the raising could

be scaled back, cancelled or postponed.

Click Here to Read the Full Story

LATEST UPDATE FROM WISE-OWL

Charter Hall Group (CHC)

CODE COMPANY ANNOUNCEMENTWise-owl Update: Charter Hall Group (CHC)

ASX:CHC

Wise-owl recommended to buy Charter Hall Group (ASX:CHC) in

July 2015 at $4.72 and this position is part of our Active Investor's

Portfolio. Our last advice was a 'hold recommendation on 25

February 2016 following strong half-year results. CHC traded ex-

dividend on 29-12-2015, distributing 13.3 cents per share to

shareholders (unfranked). CHC was last traded at $5.07 and Wise-

owl subscribers are currently 10.2% in profit (including dividend).

As at 31 March 2016 Charter Hall had Funds under Management

(FUM) of $16.4billion, consisting of 295 properties across 4.8million

sqm. FUM have increased at a compound annual growth rate of

15.4% since 2010. As at March 2016, occupancy is strong at 98.4%

with a weighted average lease expiry of 7.9 years.

Hold | Last Price: $5.07 | Current Profit: 10.2%

Click Here to View Report from Jul 2015

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

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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