European stocks up 3% ASX set to open higher

Transcription

1 European stocks up 3% ASX set to open higher Powered by wise-owl.com

2 YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change European Equities Add 3% as Banks and Carmakers Gain The optimism that swept through European equities entered a second day as lenders and carmakers climbed further, while investors bet on additional central-bank stimulus. The Stoxx Europe 600 Index rose 3 percent, taking its two-day gain to 6 percent. Italian and Greek lenders led a bank rally, while the region s automakers advanced the most since August, helped by a weakening euro. Miners are close to a 20 percent rebound from their January low. Lenders have been particularly hit in the rout that took $8.4 trillion from global equities this year and the Stoxx 600 down as much as 17 percent. Benchmark stock indexes of Italy, Spain, Greece and Germany rallied more than 2.5 percent on Monday. Wall Street was closed on Monday for the President s Day holiday. S&P % Dow Jones +0.00% NASDAQ +0.00% STOXX % FTSE % DAX % Crude Oil +1.09% Gold -2.42%

3 THE ASX YESTERDAY IN REVIEW AUS Ticker Change ASX Buoyed by Resources and Banking Shares The local share market closed in the green as resources and banking stocks led the rally. The Australian benchmark index ASX200 closed 1.6% or 78 points higher, to reach 4844 points. Materials as a whole was the best performer as BHP jumped 5.9% and Rio gained 4.3%. The local miners Fortescue added 5.2% while South32 finished 7.9% higher yesterday. Materials and Energy stocks received a boost from the 12.3% rise in crude oil prices on Friday. All the big banks gained, with ANZ rising 3% while CBA added 1.3%. The Financials sector was up 1.5%. The Telecommunications sector dropped 2.1% as Telstra declined 3.1%. This was the only sector to close in the red yesterday. The Chinese Trade Balance data showed that the country s exports declined 11.2%, while the imports decreased 18.8% year-on-year. ASX % ALLORDS +1.59% CBA +1.32% BHP +5.90% WBC +2.03% NAB +2.53% TFS +4.95% CGF +3.63% CLH +0.94% The Japanese benchmark index Nikkei 225 surged 7.2% at the close of trading yesterday.

4 DAILY PRICE ACTIVITY AUSTRALIA ASX200 price yesterday

5 UPCOMING ANNOUNCEMENTS What s coming up? 27/01/2016 EVN EVOLUTION MINING LIMITED December 2015 Quarterly Results 28/01/2016 SFR SANDFIRE RESOURCES NL Sandfire Resources 2015 December quarterly update 28/01/2016 CCP CREDIT CORP GROUP LIMITED Credit Corp Group Half Year Results 10/02/2016 BLD BORAL LIMITED Boral Half Year Results 18/02/2016 EVN EVOLUTION MINING LIMITED Evolution Mining FY16 Half Year Financial Results 18/02/2016 MOC MORTGAGE CHOICE LIMITED Mortgage Choice Interim Financial Results Presentation 19/02/2016 DUE DUET GROUP DUET 2016 Half Year Results 19/02/2016 FXJ FAIRFAX MEDIA LIMITED Fairfax Media Half Year Results 22/02/2016 BSL BLUESCOPE STEEL LIMITED Bluescope Steel 2016 Half Year Results 24/02/2016 AWE AWE LIMITED AWE Limited Half Year Results 24/02/2016 PGH PACT GROUP HOLDINGS LTD Pact Group Holdings Half Year 2016 Results 25/02/2016 MQA MACQUARIE ATLAS ROADS GROUP Macquarie Atlas Roads Full Year Results 2016 Courtesy of

6 UPCOMING DIVIDENDS Tasty dividends & distributions ASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING % TWR Tower 18 Jan Feb CUP Countplus 19 Jan Feb YCNPA Jan Jan MHI Merchant House International 20 Jan Jan NABHA HY 3M PER Q X ST 27 Jan Feb ACL Alchemia 01 Feb Feb GSBC17 TB 6.00% M 03 Feb Feb GSIC22 TIB +1.25% M 10 Feb Feb GSIO20 TIB +4.00% M 10 Feb Feb GSIO35 TIB +2.00% M 10 Feb Feb GSIO40 TIB +1.25% M 10 Feb Feb GSIU18 TIB +1.00% M 10 Feb Feb Courtesy of

7 WHATS HOT? WHATS NOT? CAT.asx - steaming hot EPD.asx - cooling down Shares of the global sports analytics company Catapult have surged over 250% over the past 12 months and have defied the recent weakness in the local share market. The company recently reported a record quarterly sales result that showed a 66% rise in sales along with a 15% increase in recurring subscription volumes. Shares of the IT services provider Empired Limited have been struggling to recover from a heavy sell-off in late January. The shares have taken a hit since the company recently announced a $2.3 million write-down on its assets and stated that its financial performance will be affected by contract delays and closure of offices.

8 ECONOMIC NEWS What to look out for: The RBA Monetary Policy Meeting Minutes due at 11:30 AM (AEDT) UK Inflation Data due tonight German Economic Sentiment to be released at 9:00 PM (AEDT)

9 NEWSWORTHY This caught our attention.. Bendigo DATE CODE Bank Releases COMPANY Half-Yearly Results ANNOUNCEMENT Baby goods retailer Baby Bunting Group (ASX:BBN), has released their earnings for the half year ending 31st December The company cited improvements in revenue and gross margins and forecasted a positive outlook for FY16. Revenue for the period ending 31st December 2015 was $108.2 million, being an over 30% increase to the PCP. The improved result was in part supported by a 48% increase in online sales growth, when compared to the PCP. Moreover, as at the 31st January 2016, store sales growth expanded by 11.2%. Gross Margins increased by 0.5%, to 34.3% for the period. This result was attributable to an increased focus on product sourcing, along with growth in private label and exclusive products. Read the full story here:

10 LATEST UPDATE FROM WISE-OWL Skin Elements Ltd (SKN) CODE COMPANY Float Watch Report: Skin Elements Ltd (SKN) ANNOUNCEMENT Skin Elements Limited ("Skin Elements", "the Company") is an Australian company focused on organic skin care products. Following the acquisition of SE Operations Pty Ltd, its primary product is the Soléo Organics brand, a sunscreen product made of natural and organic ingredients, which the Company intends to commercialise. After eight years of research & development, and regulatory approvals acquired, the Company is now seeking to commercialise its organic product range. Initial test marketing has shown some success and any binding partnership agreements with wholesalers would be a major validation signal for its product. The Company seeks to enter a sector that is currently witnessing strong growth. ASX:SKN IPO Report Offer Price: $0.20 Listing: 19th Feb Rating: 2/5 Click Here for the Full Report

11 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

12 A WISE-OWL PUBLICATION Presented by Simon Herrmann Wise-owl.com Discovering the Bluechips of Tomorrow 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: Phone (Int.): Fax: Post: Suite 4.02 Level 4,139 Macquarie St, Sydney, info@wise-owl.com Follow us on Twitter Like us on Facebook Linkedin Add me on Linkedin:

13 LICENSE & DISCLAIMER DISCLAIMER This report was produced by wise-owl.com Pty Ltd (ACN ), which is an Australian financial services licensee (Licence no ). Wiseowl 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.