European markets erase early gains

ASX Futures little changed

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The S&P 500 Index closed at a record for the fifth time in six days, as

technology shares rallied amid deal activity while corporate earnings

spurred optimism that results this season will be sturdy enough to help

sustain equities at record levels.

The Dow Jones Industrial Average closed at a record for a fifth straight

session. SoftBank Group Corp.’s agreement to buy ARM Holdings Plc

for $32 billion pushed semiconductor shares to a 15-year high, and

Bank of America Corp. advanced 3.3 percent after posting higher profit

in each of its four main businesses.

The S&P 500 added 0.2 percent to 2,166.89 at 4 p.m. in New York

amid light trading, following three consecutive weekly gains. The Dow

climbed 16.50 points, or 0.1 percent, to 18,533.05 to extend its longest

winning streak in four months. The Nasdaq Composite Index surged

0.5 percent.

The Stoxx 600 index advanced 0.23 percent after erasing gains of as

much as 0.8 percent, with the volume of shares changing hands about

35 percent lower than the 30-day average.

S&P 500 Gains as Technology Shares Rally

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 +0.24%

Dow Jones +0.09%

NASDAQ +0.52%

STOXX 600 +0.23%

FTSE 100 +0.39%

DAX30 -0.04%

Crude Oil -1.59%

Gold +0.11%

The ASX extended last week’s rally as all sectors with the exception of

materials gained. Consumer Discretionary rose the most jumping

1.5%, followed by Energy stocks, up 1.2% as a group. Resource stocks

declined 0.1% as BHP Billiton (ASX:BHP) fell 0.7%, while the ‘big

banks’ gained across the board

The S&P/ASX 200 rose 0.5% or 29 points to be last quoted at 5459

points.

It is worth noting that the S&P/ASX 200 Volatility Index rose 1.6% after

declining for several sessions. Most of the times the ‘VIX’ and the stock

market tend to move in opposite directions.

Last week the Australian share market rose in all five sessions to gain

200 points or 3.8% over the week.

There was no economic news yesterday.

ASX Extends Rally as All Sectors but Materials Rise

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX 200 +0.53%

ALL ORDS +0.52%

CBA +0.21%

BHP -0.74%

WBC +0.63%

ANZ +0.44%

MML +0.65%

OZL -1.86%

PSQ +3.79%

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 %

AIQ Alternative Investment Trust 18 Jul 2016 26 Jul 2016 4.50 0.00

ASJ3CM DEBT -NSX 18 Jul 2016 31 Jul 2016 7.50 --

YCNPA -- 20 Jul 2016 29 Jul 2016 472.66 0.00

MIR Mirrabooka 25 Jul 2016 09 Aug 2016 16.50 100.00

CUP Countplus 26 Jul 2016 15 Aug 2016 2.00 100.00

LTN Lantern Hotel 26 Jul 2016 10 Aug 2016 2.00 0.00

YTMF02 -- 27 Jul 2016 11 Aug 2016 78.28 0.00

NABHA HY 3M PER Q X ST 28 Jul 2016 15 Aug 2016 0.00 --

YTMF04 -- 28 Jul 2016 11 Aug 2016 71.55 0.00

GSBC17 TB 6.00% 02-17 6M 04 Aug 2016 15 Aug 2016 300.00 --

OZG Ozgrowth 08 Aug 2016 25 Aug 2016 0.25 100.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

FAN.asx - steaming hot PHG.asx - cooling down

Fantastic Holdings Ltd posted strong half year

results as revenue rose 11.7% to 272.8m, while

profit after tax soared 56.6% to $11.9m. The

strong result was driven by same store sales

growth across the 72 Fantastic Furniture stores.

Management focuses on improving the supply

chain and customer service to drive organic

growth. FAN has gained 10% YTD, despite an

early dip in January.

Pulse Health Limited plummeted in May after

the company released an earnings downgrade.

The company stated that the decline in

earnings was due to a recent downturn in

activity of the three rehabilitation hospitals.

Investors have traded cautiously since the

update and PHG’s stock is down 46% YTD,

failing to recover.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY

The Reserve Bank of

Australia (‘RBA’) will

publish the minutes of the

bank's most recent policy-

setting meeting.

European investors await

U.K. inflation data and a

report about German

economic sentiment

U.S. housing data due

tonight

LATEST UPDATE FROM WISE-OWL

Australis Oil & Gas Ltd (ATS)

CODE COMPANY ANNOUNCEMENTFloat Watch: Australis Oil & Gas Ltd (ATS)

ASX:ATS

Australis Oil and Gas Limited ("Australis", "the Company") is an

Australian company focused on the development of oil and gas

exploration assets. The company has a 50% interest in an onshore

acreage in the USA and prospective oil and gas exploration concession

rights in western Portugal. The company aims to build a portfolio of oil

and gas assets via strategic acquisitions.

Australis offers speculative exposure to the oil and gas industry. We are

attracted to management track record of realising value from oil and gas

assets. Principal risks include resource extractability, funding demand

and reliance on the volatile oil price. Whilst exploration risks are

elevated, management pursues a countercyclical acquisition strategy at

the bottom end of the industry cycle, which could provide value to

shareholders if successfully executed.

IPO | Offer Price: $0.25 | Listing 25th July | Rating: 2/5

View Full Report

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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