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Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third...

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Page 1: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

Stoxx 600 at 2-Week High

ASX set to open fairly flat

wise-owl.comPowered by

Page 2: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

A selloff in biotechnology shares dragged the Nasdaq Composite Index

lower as equities retreated after nearing their highest levels since the

August selloff.

The Standard & Poor’s 500 Index ended its longest winning streak this

year, after surging yesterday near where an advance faltered at the

end of August, and another rally ran out of steam after the Federal

Reserve stood pat on interest rates last month.

The S&P 500 fell 0.4 percent to 1,979.92 at 4 p.m. in New York, after

reaching a two-week high Monday. The Dow Jones Industrial Average

gained 13.76 points, or 0.1 percent, to 16,790.19.

The S&P 500 ended a five-day advance that had restored almost $700

billion to U.S. equity prices, as expectations for a Federal Reserve

interest-rate increase were pushed out into next year.

European stocks advanced for a third day as investors assessed

valuations and speculated that weak economic data will encourage

central banks to keep monetary policy accommodative for longer. The

Stoxx 600 rose 0.6 percent to 360.41 at the close of trading.

U.S. Stocks Take A Breather; Stoxx 600 at 2-Week High

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 -0.36%

Dow Jones +0.08%

NASDAQ -0.69%

Stoxx 600 +0.58%

FTSE100 +0.43%

Dax30 +0.90%

Crude Oil +5.23%

Gold +0.81%

Page 3: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

The local share market closed slightly higher on Tuesday following

strong gains on Monday. Most international markets gained overnight

resulting in a strong opening for the ASX, however investors took profit

in the afternoon causing the market to ease.

The ASX200 gained 0.3% to close at 5167 points while the broader All

Ordinaries index increased 0.3% as well.

The sectors were mixed yesterday. Information Technology was the

worst performer on the ASX falling 1% closely followed by

Telecommunications which declined 0.6%. Materials and Energy were

the best performing sectors rising each 0.8%.

The Australian trade balance for the month of August showed a wider

deficit than expected. The deficit widened to $3.1bn due to a 1% rise in

imports and flat exports.

As expected the RBA left interest rates flat at a record low of 2%.

ASX Holds Up as RBA Leaves Rates Unchanged

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 +0.33%

ALLORDS +0.29%

CBA +0.81%

BHP +1.62%

NAB +1.05%

ANZ +0.33%

GXL +0.30%

CM8 +6.00%

GOR +1.16%

Page 4: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

Page 5: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

UPCOMING ANNOUNCEMENTS

Courtesy of http://www.brrmedia.com/calendar

What’s coming up?

DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT

28/09/2015 PNN PEPINNINI MINERALS LIMITED PepinNini Minerals Musgrave exploration updates

28/09/2015 MPL MEDIBANK PRIVATE LIMITED Date Payable

30/09/2015 ASX ASX LIMITED Annual General Meeting

2/10/2015 CIM CIMIC GROUP LIMITED Date Payable

21/10/2015 ORG ORIGIN ENERGY LIMITED Origin Energy 2015 Annual General Meeting

21/10/2015 EAX ENERGY ACTION LIMITED Date Payable

21/10/2015 MPL MEDIBANK PRIVATE LIMITED Annual General Meeting

22/10/2015 CQR CHARTER HALL RETAIL REIT

Charter Hall Retail REIT 2015 Annual General

Meeting

23/10/2015 EVN EVOLUTION MINING LIMITED Evolution Mining September 2015 Quarterly Results

23/10/2015 CAJ CAPITOL HEALTH LIMITED Date Payable

27/10/2015 CNU CHORUS LIMITED Annual General Meeting

28/10/2015 AEF AUSTRALIAN ETHICAL INVESTMENT LIMITED Annual General Meeting

29/10/2015 MFF MAGELLAN FLAGSHIP FUND LIMITED

Magellan Flagship Fund Limited Annual General

Meeting

29/10/2015 BTT BT INVESTMENT MANAGEMENT LIMITED BT Investment Management Full Year 2015 Results

Page 6: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

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 %

ABF Ausmani 07 Oct 2015 13 Oct 2015 0.02 100.00

ARB ARB Corporation 07 Oct 2015 23 Oct 2015 16.00 100.00

IAF Ishares Composite Bond ETF 07 Oct 2015 20 Oct 2015 0.00 0.00

ICS ICSGlobal 07 Oct 2015 06 Nov 2015 2.50 0.00

IGB Ishares Treasury ETF 07 Oct 2015 20 Oct 2015 0.00 0.00

IHDiShares S&P/ASX High Dividend

Opportunities ETF07 Oct 2015 20 Oct 2015 0.00 0.00

ILB Ishares Government Inflation ETF 07 Oct 2015 20 Oct 2015 0.00 0.00

ILC iShares S&P/ASX 20 ETF 07 Oct 2015 20 Oct 2015 0.00 0.00

IOZ iShares MSCI Australia 200 ETF 07 Oct 2015 20 Oct 2015 0.00 0.00

JHC Japara Healthcare 07 Oct 2015 30 Oct 2015 5.50 100.00

PMV Premier Investments 07 Oct 2015 20 Nov 2015 21.00 100.00

ALR Aberdeen Leaders 08 Oct 2015 30 Oct 2015 1.00 100.00

Page 7: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

TWE.asx - steaming hot CSR.asx - cooling down

Treasury Wine Estates is making progress

with its optimisation program after returning

to profit in FY15. The company recently

increased revenue by 9.6% and NPAT by

26.3%. TWE gained nearly 40% year-to-

date.

Despite announcing strong results, CSR’s

share price has declined 30% so far this

year. CSR has a 70% interest in Gove

Aluminium Finance Ltd and is therefore

exposed to the sliding aluminium price.

Page 8: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

Chinese market remains

closed for the national

holiday

HIA New Home Sales for

August to be released at

11am (AEDT)

European industrial and

manufacturing data

tonight

Page 9: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTTreasury Wine Estates Announces Further

Cost Cutting

Treasury Wine Estates (ASX:TWE), a leading international wine

maker has announced the next stage of its supply chain

optimisation program it initiated on 31st March 2015.

The second phase of Treasury Wine Estates’ program will include

further cost management and simplification of its supply chain

network through:

- Removing excess overhead costs and spare assets by means of

divesting its supply chain infrastructure

- Enhancing returns on under-performing wineries and vineyards

by clustering non-core assets

- Simplifying and optimizing its logistics, warehousing and freight

arrangements globally

Read the full story here: https://www.wise-owl.com/news/treasury-wine-estates-announces-further-cost-cutting

Page 10: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

LATEST UPDATE FROM WISE-OWL

Bulletproof Group Ltd (BPF)

CODE COMPANY ANNOUNCEMENT

Bulletproof Group Ltd ("Bulletproof", "the Company") is an

Australian software company providing end-to-end and managed

cloud services to business and government customers.

Customers are billed up front for consulting and implementation

and then charged on an ongoing basis for hosting and

management. Bulletproof listed on the ASX in January 2014 via a

reverse takeover of Spencer Resources Limited.

Bulletproof provides profitable exposure to the managed cloud

service industry. Integration of acquisitions and further capital

raisings are the primary risks. However accelerating revenue and

earnings are near-term drivers. With managements proven track

record in the industry, we initiate coverage with a 'buy'

recommendation.

BUY | Price: $0.315 | Target: $0.65 | Stop $0.19 | Long-Term Outlook

Click Here for the Full Report

Growth Portfolio: Bulletproof Group Ltd (BPF)

ASX:BPF

Page 11: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

OUR VIEWS AT A GLANCE

Find below a summary of Wise-owl’s current market views

CODE COMPANY ANNOUNCEMENT

We expect elevated volatility in the short-term

The ASX 200 appears bearish in the short-term

We increase our focus on small-mid cap stocks

We remain cautious on the resource rector

We see further downside for U.S. stocks in the short-term

Bullish view on European equities

We remain patient with ASX 200 recommendations

Page 12: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

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.

Phone: 1300 306 308

Phone (Int.): +61 2 8031 9700

Fax: 1300 304 306

Post: Suite 4.02 Level 4,139 Macquarie St, Sydney, 2000

Email: [email protected]

Follow us on Twitter | Like us on Facebook | Linkedin

Add me on Linkedin: https://au.linkedin.com/in/herrmannsimon

Page 13: Stoxx 600 at 2-Week High ASX set to open fairly flat … · European stocks advanced for a third day as investors assessed valuations and speculated that weak economic data will encourage

LICENSE & DISCLAIMER

DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

This report was produced by wise-owl.com Pty Ltd (ACN 097 446 369), which is an Australian financial services licensee (Licence no. 246670). Wise-

owl may have an investment banking or other commercial relationship with the issuer of any security or financial product in which you have an interest

by acting in various roles including as underwriter, dealer, holder of principal positions, banker, broker, lender, adviser or researcher. Wise-owl may

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material contained in this report is accurate and correct and has been obtained from reliable sources. However, no representation is made about the

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