Europe little changed

ASX Futures little changed

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U.S. stocks fluctuated after erasing an early slide, as a rally in

drugmakers spurred by deal activity offset declines in commodity

shares led by falling crude-oil prices.

The S&P 500 Index was little changed, falling just 0.1 per cent to

2,182.6 points after earlier falling as much as 0.4 per cent. The Dow

Jones Industrial Average fell 0.1 per cent as well, while the Nasdaq

Composite Index added 0.1 per cent.

As earnings season is concluding, investors are expected to now turn

back to the Fed and its Monetary Policy. There is an increasing number

of analysts stating that U.S. stocks are close to ‘bubble territory’ and

upcoming data announcements will likely provide further clues.

A slide in commodity producers weighed on European equities, which

pared earlier gains. While a weaker euro initially helped the Stoxx

Europe 600 Index rise as much as 0.9 percent, the gains were short-

lived. The gauge fell before ending the day up 0.1 percent. Miners

dropped the most, as commodities declined on a stronger dollar

U.S. Stocks Fluctuate as Oil Ends Winning Streak

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 -0.06%

Dow Jones -0.12%

NASDAQ +0.12%

STOXX 600 +0.09%

FTSE 100 -0.44%

DAX30 -0.47%

Crude Oil -3.46%

Gold -0.21%

The local share market declined on Monday after numerous companies

reported financial results following a flat week of trading. The ASX/S&P

Volatility Index jumped over 7 per cent.

The sectors were a mixed bag as most industry groups declined with

the exception of Consumer Staples, Industrials and Utilities. Energy

shares fell over 1 per cent, closely followed by resource stocks and

telecommunications.

The ASX 200 declined 12 points or 0.2 per cent to finish the day at

5515 points. The broader All Ordinaries index fell 13 points or 0.2 per

cent.

Fortescue Metals (FMG) reported a net profit after income tax of

US$985 million for the 2016 financial year, up 212 per cent from a

result of US$316 million a year earlier. Revenue declined 17 per cent

to US$7.1 billion due to weaker iron ore prices. APN Outdoor (APN)

plunged 35 per cent despite a strong half year, as the advertising

company lowered their EBITDA guidance by ~$5million.

Most Sectors Struggle as Volatility Index Jumps

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX 200 -0.21%

ALL ORDS -0.23%

CBA -0.45%

BHP -1.60%

ANZ -0.22%

TLS -0.55%

PSQ +2.80%

OZL -1.01%

MND +0.46%

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 %

DMP Domino's Pizza Enterprises 22 Aug 2016 07 Sep 2016 38.83 70.00

ANZPD -- 23 Aug 2016 01 Sep 2016 204.32 100.00

ARG Argo Investments 23 Aug 2016 09 Sep 2016 15.50 100.00

BFG Bell Financial Group 23 Aug 2016 14 Sep 2016 1.75 100.00

REA REA Group 23 Aug 2016 15 Sep 2016 45.50 100.00

RRL Regis Resources 23 Aug 2016 31 Aug 2016 9.00 100.00

AGL AGL Energy 24 Aug 2016 22 Sep 2016 36.00 100.00

TLS Telstra 24 Aug 2016 23 Sep 2016 15.50 100.00

BBN Baby Bunting Group 25 Aug 2016 16 Sep 2016 6.30 100.00

EVN Evolution Mining 25 Aug 2016 23 Sep 2016 2.00 0.00

HGG Henderson Group 25 Aug 2016 16 Sep 2016 5.62 0.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

BSL.asx - steaming hot APO.asx - cooling down

Bluescope Steel announced a 119 per cent

jump in underlying profit on the back of a 8 per

cent rise in revenue. The positive result was

due to contributions from the 100% ownership

of North Star, favourable currency exchange

rates and strong domestic demand.

Management is confident and expects further

improvements during 1H2017. BSL has gained

nearly 100 per cent year-to-date.

While APN Outdoor Group could have been a

‘hot’ stock as recent as last week, today the

company is our ‘not’ stock after a 35 per cent

plunge yesterday. Revenues were up 14 per

cent during the half year, but management

lowered their earnings forecast for the

remainder of the year as the market has

“softened” following the national elections and

the Olympics. Investors reacted with concern.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY

No economic news for

Australia

European manufacturing

and services data to be

released in the afternoon

(AEST)

U.S. home sales are a

important indicator for

the strength of the

domestic economy

LATEST UPDATE FROM WISE-OWL

Powerhouse Ventures (PVL)

CODE COMPANY ANNOUNCEMENTFloat Watch: Powerhouse Ventures (PVL)

Powerhouse Ventures Limited ("Powerhouse", "the Company") is a venture

capital firm focused on early stage technology companies in New Zealand. In

partnership with universities and government owned research institutes the

company seeks to identify and invest in Intellectual Property ("IP") which it

intends to commercialise. Powerhouse's portfolio comprises of 19 companies

which are currently all located in New Zealand.

Powerhouse offers speculative exposure to early stage technology

companies. Increasing book valuations is an attractive quality and

diversification of its portfolio could mitigate elevated risks which are typically

associated with investments in companies at this stage of the cycle.

Validation of its business plan via liquidity events could be a major value

driver, however the company has no track record of realising material value

and there is no guarantee that this can be achieved at a reasonable cost.

IPO | Offer Price: $1.07 | Listing 28 September | Rating: 1.5/5

Click here to view report from July 2016

ASX:PVL

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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