European stocks up 3% ASX set to open higher Powered by wise-owl.com
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&P500 +0.00% Dow Jones +0.00% NASDAQ +0.00% STOXX 600 +2.99% FTSE100 +2.04% DAX30 +2.67% Crude Oil +1.09% Gold -2.42%
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. ASX200 +1.64% 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.
DAILY PRICE ACTIVITY AUSTRALIA ASX200 price 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? 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.
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)
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 2015. 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: https://www.wiseowl.com/news/bendigo-bank-releases-half-yearly-results
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
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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