Strong week for European stocks
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U.S. stocks churned higher in the slowest week of trading since New
Year’s and the tightest range for equities in six months, as comments
from the Federal Reserve boosted speculation interest rates won’t rise
too soon or too quickly to snuff out economic growth.
The Standard & Poor’s 500 Index added 0.2 percent, closing at records
on two of the five days. The gauge slumped Friday in the final half hour
of trading before the Memorial Day weekend. The Dow Jones Industrial
Average slipped 0.2 percent, fading on the final day after taking out its
March 2 all-time high on Monday. The Nasdaq Composite Index added
0.8 percent to within three points below its record.
On Friday the Standard & Poor’s 500 Index slipped 0.2 percent amid a
late selloff to 2,126.06 at 4 p.m. in New York, after closing Thursday at
a record.
European stocks were little changed, posting their biggest weekly gain
since mid-April. The European stock index has climbed 2.9 percent this
week as Executive Board member Benoit Coeure said the European
Central Bank will increase bond buying in May and June.
U.S. Stocks Post Marginal Gain in Slow Week
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P 500 -0.22%
Dow Jones -0.29%
Nasdaq -0.03%
Stoxx 600 -0.03%
FTSE100 +0.26%
Dax30 -0.42%
Crude Oil -1.65%
Gold -0.02%
NYSE:BABA -0.65%
ETR:DTE -1.66%
The ASX was up 2.4pts, or ~0.0 per cent, at 5664.7pts on Friday.
Australian shares initially jumped in the opening hours of trading on
Friday. Soon thereafter the ASX followed a downward trend extending
into the early afternoon, where it fell into negative territory. The ASX
remained relatively flat for the remainder of the day. The Energy sector
posted strong gains on the day, rising 1.83 per cent. However, the
massive Financials sector continued to show a poor performance,
falling 0.13 per cent.
Oroton Group Limited (ASX:ORL) was down 34c, or 13.28 per cent, at
$2.22 per share. Luxury retailer Oroton announced a reduction in
earnings guidance by 66 per cent. Shares of the company have fallen
to 2009 lows.
Cardno Limited (ASX:CDD) was up 45c, or 19.07 per cent, at $2.81 per
share. In the past two days of trading, Cardno’s shares plummeted
after reporting a $200m writeoff due to poor performance. Shares of
the company have partially recovered from the previous selloff.
ASX Flat Despite Energy Gains
THE ASX LAST WEEK IN REVIEW AUS Ticker Change
ASX200 +0.04%
ALLORDS +0.08%
CBA -0.54%
BHP +0.03%
CIM +1.91%
WPL +2.38%
CDD +19.07%
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
25/05/2015 OZL OZ MINERALS LIMITED Annual General Meeting
25/05/2015 EVO EVOLVE EDUCATION GROUP LIMITED Full Year Results
25/05/2015 PHA PUBLIC HOLDINGS (AUSTRALIA) LIMITED Annual General Meeting
25/05/2015 RCT REEF CASINO TRUST Annual General Meeting
25/05/2015 VSC VITA LIFE SCIENCES LIMITED. Annual General Meeting
26/05/2015 COM COMOPS LIMITED Annual General Meeting
26/05/2015 CYU
CHINALCO YUNNAN COPPER RESOURCES
LTD Annual General Meeting
26/05/2015 BLY BOART LONGYEAR LIMITED Annual General Meeting
26/05/2015 CTM CENTAURUS METALS LIMITED Annual General Meeting
26/05/2015 TAW TAWANA RESOURCES NL Annual General Meeting
26/05/2015 ADX ADX ENERGY LTD Annual General Meeting
26/05/2015 CKK CORETRACK LIMITED EGM
26/05/2015 CYC CYCLOPHARM LIMITED Annual General Meeting
26/05/2015 KGD KULA GOLD LIMITED Annual General Meeting
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 %
ASJ3BU DEBT -NSX 18 May 2015 31 May 2015 0.00 --
MQG Macquarie Group 18 May 2015 02 Jul 2015 200.00 40.00
WAX WAM Research 18 May 2015 28 May 2015 4.00 100.00
IPL Incitec Pivot 19 May 2015 01 Jul 2015 4.40 0.00
RMD ResMed 19 May 2015 18 Jun 2015 3.07 0.00
PTB PTB Group 20 May 2015 16 Jun 2015 5.00 100.00
ZNZ Z Energy 20 May 2015 03 Jun 2015 15.50 0.00
AGLHA FRN 08-JUN-39 27 May 2015 09 Jun 2015 154.51 --
ORI Orica 28 May 2015 01 Jul 2015 40.00 35.00
SDG Sunland Group 01 Jun 2015 25 Jun 2015 2.00 100.00
SNC Sandon Capital Investments 01 Jun 2015 12 Jun 2015 2.00 100.00
CSR CSR 02 Jun 2015 07 Jul 2015 11.50 0.00
CTXHA UNSEC.FRN 15-SEP-37 03 Jun 2015 15 Jun 2015 170.03 --
CWNHA UNSEC.FRN 14-SEP-72 03 Jun 2015 15 Jun 2015 182.00 --
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
CIM.asx - steaming hot ORL.asx - cooling down
CIMIC (former Leighton Holdings) is
currently an open position in our ‘Active
Investor’s Portfolio’. The equity is gaining
momentum and has closed above the $23
mark for the first time this year.
OrotonGroup Limited (ORL) is an Australian-
based company engaged in retailing and
wholesaling of leather goods, fashion
apparel and other fashion accessories. The
company experiences subdued conditions
and downgraded its earnings guidance for
H2 FY15.
ECONOMIC NEWS
What to look out for
DATE CODE COMPANY ANNOUNCEMENT
We expect a slow
trading session today
as no economic news
are expected
U.S. markets closed
tonight
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTAustralia One of World’s Wealthiest
and Equal Countries: OECD Report
A new report released by the Organisation for Economic
Co-operation and Development (OECD) claims Australia
has one of the best wealth distributions out of all advanced
economies. In the seven years since the global financial
crisis, Australia is one of the only advanced countries where
income distribution became more equal. Since the 1990s,
income inequality has increase, but is still below the
average for comparable countries. The top 10 per cent
receive nine times more money compared to the bottom 10
per cent, which is slightly below the OECD average of 9.6
per cent.
Read the full story here: https://www.wise-
owl.com/news/australia-one-of-world-s-wealthiest-and-
equal-countries-oecd-report
LATEST UPDATE FROM WISE-OWL
Rumble Resources Ltd (RTR)
CODE COMPANY ANNOUNCEMENT
Rumble Resources Ltd ("Rumble Resources, "the
Company") is an Australian minerals exploration company
focused on Western Australia. Its primary asset is a portfolio
of exploration licenses located in the Fraser Range,
approximately 150km north east of Norseman. The Fraser
Range represents a potentially new nickel district focused
around Sirius Resources' Nova deposit, which is the largest
nickel sulphide discovery Australia has seen in at least
twenty years. Rumble Resources' license holdings in the
Fraser Range stand at 3,260km2. Certified mineral
resources have yet to be defined within the portfolio
Update | Price $0.076 | Valuation $0.155
Click here
ASX:RTR
Update: Rumble Resources Ltd (RTR)
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DATE CODE COMPANY ANNOUNCEMENT
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