Stoxx600 edges higher
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U.S. stocks rose after data on retail sales and jobs bolstered
confidence in the strength of the economy, while investors watched for
progress in Greece’s debt negotiations.
The Standard & Poor’s 500 Index advanced 0.2 percent to 2,108.86 at
4 p.m. in New York, after earlier rising as much as 0.5 percent. The
Dow Jones Industrial Average rose 38.97, or 0.2 percent, to 18,039.37.
The Nasdaq Composite Index added 0.1 percent.
The International Monetary Fund said its team negotiating with Greece
left Brussels after failing to make progress on a debt deal. Data earlier
showed sales at retailers picked up in May, a sign households are
finally willing to put the gains from continued job growth and lower fuel
prices to work.
The Stoxx Europe 600 Index added 0.6 percent to 393 at the close of
trading, after earlier rising as much as 1.2 percent. The IMF cited
“major differences” for the withdrawal of its team, although it left the
door open for further debt talks. The decision comes amid increasing
criticism from creditors at the Greek government’s refusal to bow to
their demands, risking a default and ultimately an exit from the euro
area. Greece’s ASE Index closed up 8.2 percent, the most among
western-European markets, before the IMF’s statement.
Modest Gains for U.S. Stocks
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +0.17%
Dow Jones +0.22%
Nasdaq +0.11%
Stoxx 600 +0.57%
FTSE100 +0.24%
Dax30 +0.60%
Crude Oil -0.97%
Gold -0.38%
NYSE:BABA +1.90%
ETR:DTE +0.78%
The ASX 200 experienced a strong trading day gaining 1.4% or 79.10
points on Thursday. Prior to market open futures already indicated that
the market would follow the strong lead from Europe and Wall Street.
The local sharemarket opened higher and continued to rise for the
remainder of the day. Upbeat jobs data boosted the local currency after
the Australian Bureau of Statistics (ABS) announced that the
unemployment rate dropped to 6%. In the local economy 42,000 jobs
were added in the month of May.
All sectors gained on Thursday with the exception of Staples which
was once again dragged down by Woolworths (WOW). Energy and
Materials were the star performers gaining 2.06% and 1.99%
respectively. The Financials sector added 1.78% lead by
Commonwealth Bank (CBA) which gained 1.88%.
ASX Surges Following Greece and Local Jobs Data
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 +1.43%
ALLORDS +1.40%
CBA +1.88%
BHP +2.06%
ANZ +2.32%
BEN +1.94%
WOW -1.28%
MFG +2.28%
NXR +3.45%
GOR +7.41%
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
12/06/2015 OGC OCEANAGOLD CORPORATION Annual General Meeting
12/06/2015 LGM LUIRI GOLD LIMITED Annual General Meeting
15/06/2015 DGH DESANE GROUP HOLDINGS LIMITED Record Date
15/06/2015 MPX MUSTERA PROPERTY GROUP LIMITED EGM
15/06/2015 AHF AUSTRALIAN DAIRY FARMS GROUP EGM
16/06/2015 PTB PTB GROUP LIMITED Date Payable
17/06/2015 UNS UNILIFE CORPORATION EGM
17/06/2015 AWI AUSTRALASIAN WEALTH INVESTMENTS LIMITED. EGM
18/06/2015 EVR ENDEAVOUR MINING CORPORATION Annual General Meeting
18/06/2015 BGC BRIDGE GLOBAL CAPITAL MANAGEMENT LIMITED Annual General Meeting
19/06/2015 ESK ETHERSTACK PLC Annual General Meeting
19/06/2015 BYE BYRON ENERGY LIMITED EGM
23/06/2015 MIH MNC MEDIA INVESTMENT LTD Annual General Meeting
24/06/2015 RUB RUBICOR GROUP LIMITED EGM
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 %
DGH Desane Group Holdings 11 Jun 2015 30 Jun 2015 15.00 100.00
OEL Otto Energy 12 Jun 2015 26 Jun 2015 5.64 0.00
FPH Fisher & Paykel Hlth 17 Jun 2015 10 Jul 2015 7.54 0.00
PRYHA BND 3M 09-15 Q 17 Jun 2015 29 Jun 2015 157.00 --
AQHHA HY 3M 09-72 Q RD T 18 Jun 2015 30 Jun 2015 166.87 --
CNGHA HY 3M 03-37 Q RD T 18 Jun 2015 30 Jun 2015 138.00 --
KBLGA CBND 10.00% 08-16 6M 18 Jun 2015 30 Jun 2015 2.26 --
TTSHA BND 3M 07-19 24 Jun 2015 06 Jul 2015 129.33 --
IMFHA BND 3M 06-19 E 26 Jun 2015 08 Jul 2015 159.39 --
MBLHB HY 3M PER Q ST 26 Jun 2015 15 Jul 2015 98.98 --
RFF Rural Funds 26 Jun 2015 30 Jul 2015 2.15 0.00
SYD Sydney Airport 26 Jun 2015 14 Aug 2015 12.50 0.00
TCL Transurban Group 26 Jun 2015 14 Aug 2015 20.50 17.07
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
BAP.asx - steaming hot DWS.asx - cooling down
Burson Group aims to develop a national
footprint in Australia. The company aims to
open at least 4 new stores in Perth. Overall
the network consists of 133 stores. Revenue
increased by 9.7% during H1FY15 with
same store sales increasing 4.3%.
DWS Limited experienced a few rough
months as the company announced a big
drop in interim earnings and dividend and
CEO and MD Lachlan Armstrong resigned.
Also the ATO has completed work with DWS
and will now develop a new system.
ECONOMIC NEWS
What to look out for
DATE CODE COMPANY ANNOUNCEMENT
Japanese Industrial
production data at
2:30pm (AEST)
No economic news
from Australia
U.S. Purchaser Price
Index set to show a
0.4% increase MoM
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTRBNZ cuts the Cash Rate by 25 basis
points
The Reserve Bank of New Zealand has cut the official cash
rate by 25 basis points to 3.25 percent and is signalling
further cuts are on the way.
New Zealand sets an inflation target of around one to three
percent and has been growing at an annual rate of around
three percent, supported by low interest rates, high net
migration, construction activity and a rise in fuel prices.
However RNBZ’s Governor Graeme Wheeler stated that
the main driver behind the rate cut is the more pronounced
fall in export commodity prices.
Read the full story here: https://www.wise-owl.com/news/rbnz-cuts-the-cash-rate-by-25-basis-points
LATEST UPDATE FROM WISE-OWL
Magellan Financial Group Ltd (MFG)
CODE COMPANY ANNOUNCEMENT
Magellan Financial Group Ltd (MFG) is an Australian specialist
fund manager providing international investment funds to high net
worth and retail investors. MFG's fund management is
undertaken by Magellan Asset Management and its four global
investment funds are the Magellan Infrastructure Fund, the
Magellan Global Fund, the Magellan Flagship Fund and the
Magellan High Conviction Fund.
Buy | Price $18.30 | Target $21.50 | Est. Div.: 2% |
Outlook 3-6m
Click here
ASX:MFG
Active Investor's Recommendation: Magellan Financial Group Ltd (MFG)
A WISE-OWL PUBLICATION
Presented by Simon Herrmann
DATE CODE COMPANY ANNOUNCEMENT
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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER
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