stoxx europe 600 gains 2.6% asx spi futures up 83 points · 6/29/2016 · gold -0.79%. the...
TRANSCRIPT
Stoxx Europe 600 gains 2.6%
ASX SPI Futures up 83 points
wise-owl.comPowered by
U.S. stocks surged the most in nearly four months, rising for the first
time since Britain voted to leave the European Union amid optimism
that policy makers are committed to limit the fallout from the U.K.’s exit.
Tuesday’s turnaround gathered pace late in the day, with the Dow
Jones Industrial Average adding more than 260 points. Banks had the
strongest rally in six weeks. Facebook Inc., Apple Inc. and Microsoft
Corp. rose at least 1.6 percent to boost the technology group, while
energy producers climbed the most in 2 1/2 months as crude prices
jumped.
The S&P 500 Index advanced 1.8 percent to 2,036.09 at 4 p.m. in New
York. The Dow added 269.48 points, or 1.6 percent, to 17,409.72. The
Nasdaq Composite Index increased 2.1 percent.
The Stoxx Europe 600 Index rose 2.6 percent to 316.7 at the close of
trading. The FTSE 100, which lost 5.6 percent since the ‘Brexit’
decision, also recovered 2.6 percent overnight. The volume of
European shares changing hands was 60 percent greater than the 30-
day average, while for British equities, it was 74 percent higher.
U.S. & European Markets Rebound Strongly
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P 500 +1.78%
Dow Jones +1.57%
NASDAQ +2.12%
STOXX 600 +2.57%
FTSE 100 +2.64%
DAX30 +1.93%
Crude Oil +3.76%
Gold -0.79%
The Australian share market remained volatile yesterday as ‘Brexit’
continues to weigh on equities and investors appear nervous overall.
International markets fell sharply overnight and also crude oil dragged
the energy sector lower. However investor sentiment brightened in the
afternoon as international Futures started to climb, helping the ASX to
a 50 point recovery.
The S&P/ASX 200 fell 34 points or 0.7% to finish at 5102 points after
earlier falling as low as 5051 points.
During the past few months investors shifted their capital into
companies with exposure to the gold sector. Wise-owl pick Gold Road
Resources (GOR) climbed 5.7% to reach a new high of 65 cents.
Macquarie Group (MQG) rose 1.4%, while all other major banks
finished in the green too.
The materials sector was the worst performing sector, sinking 1.5%,
while Utilities – generally considered a conservative yield sector –
closed little changed.
There was no economic news yesterday.
ASX Volatile as Most Sectors Decline
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 -0.66%
ALL ORDS -0.70%
CBA +0.41%
BHP -0.28%
WBC +0.49%
HGG -1.33%
GOR +5.69%
SGP -1.85%
MLD +4.02%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action yesterday
UPCOMING DIVIDENDS
Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends
Tasty dividends & distributions
DATE CODE COMPANY ANNOUNCEMENTCODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %
AOG Aveo 29 Jun 2016 30 Sep 2016 8.00 0.00
ARF Arena REIT 29 Jun 2016 11 Aug 2016 2.78 0.00
CQR Charter Hall Retail 29 Jun 2016 31 Aug 2016 14.10 0.00
CZZ Capilano Honey 29 Jun 2016 29 Jul 2016 40.00 100.00
GHC Generation Healthcare 29 Jun 2016 31 Aug 2016 4.42 0.00
HPI Hotel Property Investments 29 Jun 2016 09 Sep 2016 9.30 0.00
IMFHA BND 3M 06-19 E 29 Jun 2016 08 Jul 2016 161.64 --
LEP ALE Property 29 Jun 2016 05 Sep 2016 10.10 0.00
MBLHB HY 3M PER Q ST 29 Jun 2016 15 Jul 2016 99.48 --
RFF Rural Funds 29 Jun 2016 29 Jul 2016 2.23 0.00
RFP -- 29 Jun 2016 29 Jul 2016 2.51 100.00
SYD Sydney Airport 29 Jun 2016 12 Aug 2016 15.00 0.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
SOM.asx - steaming hot CPU.asx - cooling down
SomnoMed has announced strong results with
revenue increasing 32% to $11.1m for the three
months to 31 March. Direct sales in the US
grew 27.5% while sales in most other markets
rose as well. SomnoMed offers treatment
solutions for sleep-related breathing disorders
such as sleep apnea. SOM is up 34% YTD.
Computershare has been travelling in a
downtrend since reaching a high in March
2015. Earlier this year the company announced
a slight contraction in revenue, and investors
recently sold down the stock heavily due its UK
exposure. CPU has declined 22% year-to-date.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY
HIA new home sales due
at 11pm. New Home
Sales measures the
change in the number of
newly constructed homes
sold.
EU leaders meet in
Brussels to discuss fallout
of U.K. vote
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTMonetary Policy: What is Quantitative
Easing and How is it Applied?
Since the onset of the GFC, a greater emphasis has been placed
on central banks around the world to stimulate a recovering global
economy. While we don’t want to place excessive emphasis on the
actions of central banks, investors should be aware of their purpose
and available tools to influence monetary policy.
We now live in an age where, as Mario Draghi, the President of the
European Central Bank (“ECB”) famously put it, central banks are
willing to do “whatever it takes” to stimulate the global economic
environment. The success and measure of Central Banks are
debatable and their actions have posed a series of questions: How
can interest rates be at, or below zero? How can the central banks
adopt such a stance to monetary policy?
Click Here to Read the Full Story
LATEST UPDATE FROM WISE-OWL
CoAssets Limited (CA8)
CODE COMPANY ANNOUNCEMENTFloat Watch: CoAssets Limited (CA8)
ASX:CA8
CoAssets Limited ("CoAssets", "the Company") is an Australian software
company focused on peer to peer lending ("P2P") and crowdfunding. Its
primary asset is a web-based crowdfunding platform, connecting
investors with businesses and property developers which require capital.
The holding company was incorporated in 2015 and owns CoAssets
Singapore and Australia. CoAssets is listed on the National Stock
Exchange of Australia (NSX) with the ticker CAX.
CoAssets offers speculative exposure to demand for online
crowdfunding. We are attracted to early demand for its platform, the
company's cost profile and operational leverage to new revenue
opportunities. However, limited operating history, reliance on capital and
regulatory hurdles are risks. Crowdfunding is an evolving concept and
while the valuation assumes a certain degree of business success,
investors are required to have a speculative appetite for this start-up.
IPO | Offer Price: $0.40 | Listing: 5th July | Rating: 1.5/5
View Full Report
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
CODE COMPANY ANNOUNCEMENT
The ASX 200 has potential to outperform international markets in 2016/17
We continue to focus on small-mid cap stocks
There are individual opportunities on the ASX 200
We feel comfortable with our exposure to the gold sector
We see little upside for US stocks
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
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
receive fees, commissions or other remuneration from such activities. Wise-owl.com Pty Ltd has made every effort to ensure that the information and
material contained in this report is accurate and correct and has been obtained from reliable sources. However, no representation is made about the
accuracy or completeness of the information and material and it should not be relied upon as a substitute for the exercise of independent judgment.
Except to the extent required by law, wise-owl.com Pty Ltd does not accept any liability, including negligence, for any loss or damage arising from the
use of, or reliance on, the material contained in this report. This report is for information purposes only and is not intended as an offer or solicitation
with respect to the sale or purchase of any securities. The securities recommended by wise-owl.com carry no guarantee with respect to return of
capital or the market value of those securities. There are general risks associated with any investment in securities. Investors should be aware that
these risks might result in loss of income and capital invested. Neither wise-owl.com nor any of its associates guarantees the repayment of capital.
WARNING: This report is intended to provide general financial product advice only. It has been prepared without having regard ed to or taking into
account any particular investor’s objectives, financial situation and/or needs. All investors should therefore consider the appropriateness of the advice,
in light of their own objectives, financial situation and/or needs, before acting on the advice. Where applicable, investors should obtain a copy of and
consider the product disclosure statement for that product (if any) before making any decision.
DISCLOSURE: Wise-owl.com Pty Ltd and/or its directors, associates, employees or representatives may not effect a transaction upon its or their own
account in the investments referred to in this report or any related investment until the expiry of 24 hours after the report has been published.
Additionally, wise-owl.com Pty Ltd may have, within the previous twelve months, provided advice or financial services to the companies mentioned in
this report.