Stoxx 600 at 2-Week High
ASX set to open fairly flat
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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%
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%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action yesterday
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
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
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.
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
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
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
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
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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