Stoxx 600 sinks 3.5% ASX Futures down 62 points Powered by wise-owl.com
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change US and European Stocks Extend their Losses U.S. stocks tumbled, with the Standard & Poor s 500 Index extending its two-day drop past 3.3 percent, as selling pushed bank shares to the lowest since 2013 and left the Nasdaq Composite Index approaching of a bear market. The Standard & Poor s 500 Index fell 1.4 percent at 4 p.m. in New York yesterday. A rout in software and Internet companies continued Monday after the Nasdaq Internet Index on Friday suffered its biggest slump since 2011. Facebook fell 4.2 percent yesterday, on pace for the steepest back-toback decline since August. The Stoxx Europe 600 Index slid 3.5 percent to 314.36 at the close of trading and Greece s ASE Index plunged to its lowest level since 1990. No industry or market in western Europe was spared. While Greek lenders extended a record low, banks in the region dropped to their lowest levels since 2012. S&P500-1.42% Dow Jones -1.10% NASDAQ -1.82% STOXX 600-3.54% FTSE100-2.71% DAX30-3.30% Crude Oil -3.17% Gold +3.93%
THE ASX YESTERDAY IN REVIEW AUS Ticker Change ASX Closed Flat amid Earnings Reports The share market opened lower, due to a weak lead from Wall Street on Friday, and recovered throughout the day, to close flat. The surge in mining stocks was offset by losses in financials. The benchmark index ASX 200 closed 0.02% lower, at 4975.4 points. All sectors except Financials and Discretionary closed in the green. The Utilities and Materials added the most, closing 1.3% and 1.2% higher respectively. The Financial sector closed 0.5% in the red, as ANZ and NAB declined 1.5% and 1.2% respectively. While Westpac and CBA held up comparatively well, dropping 0.3% each. Gold stocks continue to outperform, as gold prices edged higher on Friday. Local miner Newcrest surged 3.7%, while Evolution Mining soared 6.5% yesterday. Diversified miners BHP and RIO closed higher, adding 1% and 2.2% respectively. ASX200-0.02% ALLORDS -0.07% CBA -0.29% BHP +1.05% WBC -0.30% NAB -1.17% HVN +0.93% CHC +0.45% GOR +2.50%
DAILY PRICE ACTIVITY AUSTRALIA ASX200 price action yesterday
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 http://www.brrmedia.com/calendar
UPCOMING DIVIDENDS Tasty dividends & distributions ASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING % TWR Tower 18 Jan 2016 03 Feb 2016 6.01 0.00 CUP Countplus 19 Jan 2016 15 Feb 2016 2.00 100.00 YCNPA -- 19 Jan 2016 29 Jan 2016 0.00 0.00 MHI Merchant House International 20 Jan 2016 29 Jan 2016 0.50 0.00 NABHA HY 3M PER Q X ST 27 Jan 2016 15 Feb 2016 87.46 -- ACL Alchemia 01 Feb 2016 24 Feb 2016 9.30 0.00 GSBC17 TB 6.00% 02-17 6M 03 Feb 2016 15 Feb 2016 300.00 -- GSIC22 TIB +1.25% 02-22 3M 10 Feb 2016 22 Feb 2016 33.83 -- GSIO20 TIB +4.00% 08-20 3M 10 Feb 2016 22 Feb 2016 163.41 -- GSIO35 TIB +2.00% 08-35 3M 10 Feb 2016 22 Feb 2016 52.71 -- GSIO40 TIB +1.25% 08-40 3M 10 Feb 2016 22 Feb 2016 31.62 -- GSIU18 TIB +1.00% 11-18 3M 10 Feb 2016 22 Feb 2016 26.05 -- Courtesy of http://www.morningstar.com.au/stocks/upcomingdividends
WHATS HOT? WHATS NOT? AIO.asx - steaming hot OFX.asx - cooling down Shares of the logistics company, Asciano Limited have been surging since it initially received a takeover bid from Qube and its consortium partners, the Canada Pension Plan Investment Board and the China Investment Corporation. Qube Consortium increased its bid to acquire the company at $7.04 per share plus 1 Qube share per Asciano share yesterday. Shares of the foreign exchange dealer Ozforex Group Limited slumped more than 40% yesterday, after Western Union ended its takeover bid, that valued the company at more than $800 million. It also provided a downbeat outlook for FY 16, as it slashed its profit guidance by 9%.
ECONOMIC NEWS What to look out for: Nab set to release Business Confidence report for January at 11:30 AM (AEDT) German and UK Trade Balance data due today Chinese Stock Exchange closed for the Week due to New Years celebrations
NEWSWORTHY This caught our attention.. DWS DATEReleases CODE COMPANY Half-Yearly Results ANNOUNCEMENT IT Services company DWS Limited (ASX:DWS), have released their half-yearly results, showing an improvement in revenue and operating cash flow during the period. DWS revenue for the 6 months ending 31st December 2015 was $68.17 million, a 46% improvement to the PCP. In similar fashion, NPAT (Net Profit After Tax) for the period was $7.6 million, a 49% expansion to the PCP. The IT Services provider attributes the significant improvement in profits to the recent acquisitions of Symplicit Pty Ltd and Phoenix Pty Ltd. Moreover, there was an almost 50% improvement in cash receipts from customers over the period. Resulting in a Net Operating Cash Flow of $5.9%, a 9% increase to the PCP. Read the full story here: https://www.wise-owl.com/news/dwsreleases-half-yearly-results
LATEST UPDATE FROM WISE-OWL carsales.com Ltd (CAR) CODE COMPANY Growth Portfolio Recommendation: ANNOUNCEMENT carsales.com Ltd (CAR) carsales.com Limited ("Carsales", the Company"), is an Australian software company focused on online advertising services, data research and vehicle finance services. The Company's primary business segment is online classified advertising for cars, boats and motorbikes across the Carsales network. Carsales has operations in Australia, New Zealand, China, Malaysia, Thailand, Indonesia, South Korea and Brazil. ASX:CAR Carsales is the market leader in the Australian online advertising sector for cars and has achieved average top-line growth of 21% per annum over the past five years. Continuation of the trend is the major near-term driver. In order to sustain the trend, Carsales focuses on both overseas and domestic expansion, which is starting to materialise. BUY Last Price: $11.55 Target: $15.50 Stop: $9.20 Long-Term Outlook Click Here for the Full Report
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
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