Stoxx 600 slides 1.9%

ASX Futures down 12 points

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U.S. stocks were little changed in light trading, following their first

weekly decline in six, as investors assessed economic data for clues

on the course for interest rates.

The Standard & Poor’s 500 Index increased for the first time in four

days. The gauge on Thursday halted the longest stretch of weekly

gains since November after Federal Reserve officials stressed in

comments that rates will rise as soon as data warrant. The main U.S.

benchmark rose less than 0.1 percent to 2,037.05 at 4 p.m. in New

York, after weaving between gains and losses. The index dropped

0.7% during the week.

Europe’s benchmark dropped 1.5 percent at the close of trading. The

volume of shares changing hands was a third percent lower than the

30-day average. The Stoxx 600 fell 1.9 percent last week, recording a

second straight decline, trimming its first monthly advance since

November.

US and European Stocks Finish Week Lower

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 +0.05%

Dow Jones +0.11%

NASDAQ -0.14%

STOXX 600 -1.46%

FTSE100 -1.49%

DAX30 -1.71%

Crude Oil +0.30%

Gold +0.19%

The benchmark index ASX 200 declined 1.1% on Thursday and closed

the week 1.6% lower.

Financials as a group slid 2.5% on Thursday as ANZ Banking Group

Ltd (ANZ) slumped 5.2% and Westpac Banking Corporation (WBC)

shed 4.6%. Materials declined 1.7% as BHP Billiton and Rio Tinto lost

3.4% and 3.6% respectively.

The Healthcare sector was bolstered by gains in CSL Limited (CSL),

Ramsay Healthcare (RHC) and Cochlear Limited (COH).

Economic data released last week:

Existing home sales in the US rose 5.1 million in February, against 5.5

million growth in January. Crude oil inventories grew 9.36 million

barrels last week, substantially higher than 1.3 million barrels rise in

the week prior. The country’s GDP expanded 1.4% during the fourth

quarter, an improvement over a 1% rise in the previous quarter.

ASX Drops 1.6% in Holiday Shortened Week

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -1.13%

ALLORDS -1.01%

CBA -2.45%

BHP -3.41%

WBC -4.58%

NAB -3.53%

WOW +0.31%

VRL -0.96%

AJA +1.67%

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 %

AYF Australian Enhanced Income Fund 30 Mar 2016 15 Apr 2016 10.00 31.61

BOQPD -- 30 Mar 2016 15 Apr 2016 256.90 100.00

BPA Brookfield Prime Property 30 Mar 2016 29 Apr 2016 6.00 0.00

CAB Cabcharge 30 Mar 2016 29 Apr 2016 10.00 100.00

CWP Cedar Woods Properties 30 Mar 2016 29 Apr 2016 12.00 100.00

DIVUBS IQ Morningstar Australia

Dividend Yield ETF30 Mar 2016 14 Apr 2016 12.94 0.00

GDF Garda Diversified Property Fund 30 Mar 2016 22 Apr 2016 2.25 0.00

GMF GPT Metro Office 30 Mar 2016 29 Apr 2016 3.85 0.00

IMFHA BND 3M 06-19 E 30 Mar 2016 08 Apr 2016 163.00 --

KBC Keybridge Capital 30 Mar 2016 15 Apr 2016 0.25 100.00

LKOGA 10% CN 31-MAR-17 30 Mar 2016 08 Apr 2016 50.00 --

MBLHB HY 3M PER Q ST 30 Mar 2016 15 Apr 2016 99.98 --

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

VCX.asx - steaming hot ADR.asx - cooling down

Moody’s assigned A2 rating to Vicinity with a

stable outlook on 9 March 2016. The credit

rating agency stated that Vicinity has a solid

liquidity profile which includes undrawn facilities

of around $1.4 billion. Vicinity is expected to

have a moderate financial profile with the

Moody’s forecasting net debt/ EBITDA of

around 5-5.2 times over the next 12-24 months.

Adherium Ltd reported 34% lower operating

revenue for the 1H16 period. Subsequently, the

company’s net loss widened from $0.7 million to

$3.8 million during the reporting period.

Adherium recently established its operations in

North America. ADR is down 22.5% year-to-

date.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

No economic news for

Australia

US consumer confidence

data due overnight

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTENN Group Set to Become Largest Shareholder

in Santos

ENN Ecological Holdings, a subsidiary of ENN Group, is planning

to acquire Hony Capital’s 11.7% holding in Santos (ASX:STO) for

US$750million, subject to its shareholders approval.

Upon completion of the acquisition, ENN Ecological Holdings will

become the largest shareholder within Santos, a title previously

held by Private Equity firm Hony Capital.

Speaking on the matter, ENN Group Chairman Mr Wang Yusuo

said: “The proposed acquisition is an exciting move for ENN. This

introduction to the upstream sector takes us a step forward in our

aim to generate value across the entire natural gas value chain,

and allows us to learn and build experience.”

Read the full story here: https://www.wise-owl.com/news/enn-

group-set-to-become-largest-shareholder-in-santos

LATEST UPDATE FROM WISE-OWL

Shark Mitigation Systems Ltd (SM8)

CODE COMPANY ANNOUNCEMENTFloat Watch: Shark Mitigation Systems Ltd (SM8)

– IPO Report

ASX:SM8

Shark Mitigation Systems Ltd ("Shark Mitigation", "the Company")

is an Australian technology company focused on marine safety. The

Company's primary asset is intellectual property ("IP") surrounding

Shark Attack Mitigation Systems ("SAMS") - a deterrent technology;

and Clever Buoy - a detection and warning system developed in

partnership with Optus and Google. The IP portfolio is subject to a

number of patent applications.

The Clever Buoy technology is in the final stages of pre-

commercialisation testing. The Company anticipates first revenue

from Clever Buoy by the middle of 2016. License agreements have

been executed with diving, surfing, swimming, and wetsuit

companies for the SAMS technology, which has been incorporated

into commercial prototype wetsuit designs and neoprene materials

IPO Report | Offer Price: $0.20 | Listing: 24th Mar | Rating: 2.5/5

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

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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

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