stoxx europe 600 gains asx spi futures up 17 points … · about 6.4 billion shares traded hands on...
TRANSCRIPT
Stoxx Europe 600 gains
ASX SPI Futures up 17 points
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U.S. stocks closed little changed Thursday, as investors looked past
increased stimulus by the Bank of England to Friday’s jobs report for
clues on the strength of the economy and the Federal Reserve’s next
moves.
The S&P 500 Index rose less than a point to 2,164.25 at 4 p.m. in New
York, after weaving narrowly between gains and losses throughout the
session. About 6.4 billion shares traded hands on U.S. exchanges, 9
percent below the three-month average.
European shares rose, with those in the U.K. capping their biggest
jump since June, after the Bank of England unveiled fresh stimulus
measures to help the economy cope with the fallout from the Brexit
vote.The Stoxx Europe 600 Index climbed 0.7 percent, after closing
near a three-week low on Wednesday.
The BOE cut interest rates for the first time since 2009 in a widely
anticipated move to cushion the fallout from the Brexit decision. The
central bank also plans to expand its balance sheet by $223 billion
through the purchase of government and corporate bonds, as well as a
lending program for banks.
Bank Of England Cuts Interest Rate for First Time Since 2009
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P 500 +0.02%
Dow Jones -0.02%
NASDAQ +0.13%
STOXX 600 +0.67%
FTSE 100 +1.59%
DAX30 +0.57%
Crude Oil +2.69%
Gold +0.20%
The ASX stabilised yesterday following Wednesday’s steep selloff
although official data showed that retail sales were softer than
expected.
The S&P/ASX 200 rose 10 points or 0.2 per cent while the All
ordinaries gained 12 points or 0.2 per cent as well. The Small
Ordinaries, an index tracking Australia’s mid-caps, advanced 0.4 per
cent.
Retail spending rose by just 0.1 per cent in June, figures from the
Australian Bureau of Statistics (ABS) showed. Most analyst had
predicted a slightly higher growth rate and the actual figure is the
lowest in three years.
Suncorp Group (SUN) has reported an 8 per cent drop in annual profit.
Tabcorp (TAH) announced a 9 per cent rise in underlying NPAT on the
back of a 1.5 per cent rise in revenue. Statutory profit fell 49 per cent
due to a number of one off costs related to legal proceedings and the
establishment of an online business in the UK.
Retail Spending Soft According to ABS; ASX Steady
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX 200 +0.18%
ALL ORDS +0.22%
CBA -0.49%
BHP +1.15%
WBC +0.17%
RIO -1.62%
MND +4.30%
HRR +6.45%
PSQ +3.29%
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 %
AMH AMCIL 08 Aug 2016 25 Aug 2016 3.50 100.00
OZG Ozgrowth 08 Aug 2016 25 Aug 2016 0.25 100.00
WIC Westoz Investment Company 08 Aug 2016 25 Aug 2016 3.00 100.00
AFI AFIC 09 Aug 2016 30 Aug 2016 14.00 100.00
FRI Finbar Group 11 Aug 2016 01 Sep 2016 4.00 100.00
GSIC22 TIB +1.25% 02-22 3M 11 Aug 2016 22 Aug 2016 34.00 --
GSIO20 TIB +4.00% 08-20 3M 11 Aug 2016 22 Aug 2016 164.25 --
GSIO35 TIB +2.00% 08-35 3M 11 Aug 2016 22 Aug 2016 52.98 --
GSIO40 TIB +1.25% 08-40 3M 11 Aug 2016 22 Aug 2016 31.78 --
GSIU18 TIB +1.00% 11-18 3M 11 Aug 2016 22 Aug 2016 26.18 --
MLT Milton Corporation 11 Aug 2016 02 Sep 2016 9.90 100.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
HRR.asx - steaming hot TGA.asx - cooling down
Heron Resources has the ability to rapidly
advance into production as zinc markets tighten
and technical studies progress. Heron is funded
through to a Decision to Mine following its
August 2015 placement. Wise-owl believes
major zinc mine closures are laying foundations
for a price recovery. Wise-owl picked up HRR at
$0.10 in May and the stock has gained ~60%
since our buy advice.
Thorn group has lost 50% of its value over the
past 12 months and as a result was recently
removed from the S&P/ASX 200 index. Last
year net profit fell 34% despite a 3.5% rise in
revenue. The company stated that the result
was impacted by one-off charges and goodwill
write offs, however the market has been
bearish on the industry for quite some time as
most of TGA’s peers underperform too.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY
The RBA will publish the
monetary policy
statement from the last
interest rate decision
U.S. jobs data will be the
key point for markets
tonight
NEWSWORTHY
This caught our attention..
DATE CODE COMPANYASX 200 July Review: Gold, Consumer
Shares Outperform while Financial, Energy
Shares Lag Behind
The ASX staged a strong recovery in July and is now trading close
to a one year high. While the overall direction of the market is a
good indicator of current sentiment - unless you are holding an
index ETF - the performance of your portfolio is driven by the
companies you have invested in. However, in order to make
educated investment decisions it is important to understand which
sectors outperform and which ones underperform. Keep in mind
though that past performance is not necessarily a reliable indicator
for future performance, but rather just one of the many indicators
you should pay attention to.
July has been a strong month for equities as Australian stocks
gained 6.3% for the month.
Click here to read the full story…
LATEST UPDATE FROM WISE-OWL
Wise-owl Market Update 3 August 2016
CODE COMPANY ANNOUNCEMENTMarket, Sector & Strategy Update
The ASX staged a strong recovery in July and is now trading close to a one year
high. However at Wise-owl we focus primarily on individual companies and
sectors, rather than the market as a whole. While the overall direction of the
market is a good indicator of current sentiment - unless you are holding an index
ETF - the performance of your portfolio is driven by the companies you have
invested in.
We maintain a positive view on the gold sector and reaffirm our hold advice for
our positions in this space. We feel comfortable with our exposure to the sector
and believe that thee fundamentals in this space remain positive. Volatility has
been low for quite some time, and these companies may provide somewhat of a
hedge if volatility picks up later this year.
As we are approaching earnings season we are mindful that the short-term risk
has increased following the latest stock market rally. Whether you should buy
before or after earnings season will depend on a number of factors, but most
importantly on the overall trajectory of the company you are looking at. We may
recommend a few more companies ahead of earnings season if we believe it is
safe to do so, however given the current valuation of the market we are not in a
rush to add more positions to our already existing portfolio.
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
CODE COMPANY ANNOUNCEMENT
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 in the medium-term
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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