European stocks add 1.3%
ASX set to open flat
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The Standard & Poor’s 500 Index closed little changed as consumer
shares led an advance, offsetting fresh signs of weakness in crude oil
and corporate earnings after economic data in China helped ease
some investor concern over a hard landing there.
The Standard & Poor’s 500 Index gained less than 0.1 percent to
1,881.35 at 4 p.m. in New York, after a whipsaw session that saw the
gauge rise as much as 1.1 percent and fall 0.8 percent.
Crude continued to fall Tuesday, with West Texas Intermediate futures
losing 3.3 percent. The International Energy Agency trimmed its 2016
estimates for global oil demand amid weakness in China.
European stocks rose the most in three weeks amid optimism that
China will act to support its weakening economy. Europe’s benchmark
pared its advance as oil-and-gas producers gave up some gains amid
a drop in crude. The Stoxx Europe 600 Index climbed 1.3 percent at
the close of trading.
US Stocks Close Flat; STOXX600 Edges Higher
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +0.05%
Dow Jones +0.17%
NASDAQ -0.26%
STOXX 600 +1.31%
FTSE100 +1.68%
DAX30 +1.50%
Crude Oil -3.57%
Gold -0.16%
The local share market managed to record its second gain for the year
as the crucial Chinese GDP data met analysts’ expectations.
The benchmark index ASX200 gained 0.9% at the close of trading
yesterday. All sectors except for Utilities and Staples closed in the
black.
Resource stocks led the rally as iron ore prices gained for the fourth
session in a row as BHP gained 0.7%, while RIO lifted 0.3%. However,
Fortescue closed 1.6% lower.
Retailers such as Wesfarmers and Woolworths which gained on
Monday, shed 1.1% and 1.3% respectively.
Transurban shares edged 2% higher after the company announced
strong traffic and revenue results for December 2015.
The ANZ-Roy Morgan Australian Consumer Confidence report showed
that consumer confidence declined 0.8%. The bank states that the
drop is due to the low Australian dollar and volatile share markets.
ASX Manages to Finish in the Green
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 +0.91%
ALLORDS +0.88%
CBA +1.02%
BHP +0.68%
WBC +1.33%
NAB +1.27%
SFL +11.11%
BKY -1.98%
BPF +6.82%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action yesterday
UPCOMING ANNOUNCEMENTS
Courtesy of http://www.brrmedia.com/calendar
What’s coming up?
DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT
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 LIMITEDMortgage 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
UPCOMING DIVIDENDS
Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends
Tasty dividends & distributions
DATE CODE COMPANY ANNOUNCEMENTASX 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 --
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
PSI.asx - steaming hot 3PL.asx - cooling down
PSC Insurance Group recently announced that
it is in the process of acquiring Australian
Reliance along with its corporate insurance
broking business and adviser franchise network
at $31.57 million. The acquisition is expected to
be completed by the end of February. PSI last
traded at $1.65 and has gained 7% since the
beginning of the year.
Shares of online education company 3P
Learning took a downturn after the company
announced the resignation of its CEO, Mr. Tim
Power. The media speculates that the CEO
resigned due to differences in strategic vision.
The company is currently going through a
crucial phase as it is expands into North
America.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
Westpac Consumer
Sentiment due today at
10:30 AM (AEDT)
UK set to release
unemployment data for
November and
December at 8:30 PM
(AEDT)
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTRIO Tinto Releases Solid Fourth Quarter
Production Results
Iron ore mining giant RIO Tinto (ASX:RIO), has released strong
Q4 production results, which show an increase in the production
and shipment of several commodity classes.
RIO states that the iron ore production for Q4 2015 was at 91
million tonnes, 11% higher than the corresponding period in 2014.
This was in line with a full year production of over 336 million
tonnes, which was 11% higher than 2014.
The operations at Pilbara contributed the most to iron ore
production, with around 309 million tonnes being produced there.
Q4 2015 production at the Pilbara was 82 million tonnes, which
was 9% than the preceding period in 2014.
Read the full story here: https://www.wise-owl.com/news/rio-tinto-
releases-solid-fourth-quarter-production-results
LATEST UPDATE FROM WISE-OWL
Harvey Norman Holdings Ltd (HVN)
CODE COMPANY ANNOUNCEMENTDividend Portfolio Recommendation: Harvey
Norman Holdings Ltd (HVN) - BUY
ASX:HVN
Harvey Norman Holdings Limited (HVN) is the franchisor and operator
for Harvey Norman, Domayne and Joyce Mayne retail stores in
Australia, New Zealand, Slovenia, Ireland, Singapore and Malaysia.
The company has 194 franchised stores in Australia and 86 company-
operated stores internationally. The stores offer a diverse range of
home, electronic or outdoor appliances. The company also has
investments in property, media placements activities and is a provider
of consumer finance.
Harvey Norman has recorded average profit growth of 20% over the
last four years. While its domestic operations remain robust, overseas
revenue experiences strong growth. The annual dividend is forecasted
to yield ~5% with 100% franking.
Last Price $4.25 | Target $4.95 | Yield: 5% | Outlook: 12 Months
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
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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