European markets surge 3.4%

ASX set to open higher

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U.S. stocks climbed in light, pre-holiday trading, with the S&P 500

posting the biggest weekly gain since March, amid growing confidence

that the economy is strengthening enough to handle higher borrowing

costs as early as this summer.

The S&P 500 rose 0.4 percent to 2,099.06 at 4 p.m. in New York, the

highest since April 20. The index gained 2.3 percent last week, with

stronger-than-forecast housing data helping to boost optimism on the

economy.

European stocks extended a third weekly increase, amid optimism that

the economy is strong enough to withstand higher U.S. borrowing

costs, as traders awaited a speech by Federal Reserve Chair Janet

Yellen. The Stoxx Europe 600 Index added 0.2 percent at the close of

trading in London, taking its advance to 3.4 percent for the week.

US and European Equities Extend Weekly Gains

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 +0.43%

Dow Jones +0.25%

NASDAQ +0.65%

STOXX 600 +0.21%

FTSE100 +0.08%

DAX30 +0.13%

Crude Oil -0.30%

Gold -0.49%

The local share market reached a nine-month high and recorded a

seventh straight weekly gain. On Friday, the benchmark index ASX 200

added 18 points or 0.33% and finished at 5405.9 points.

Last week, the market declined initially until Tuesday, however, it

rebounded on Wednesday after a strong lead from Western markets,

and steadily rose until the end of the week, adding 1% and closed

above 5400 points.

All sectors finished in the green on Friday, except for Industrials and

Materials. The Materials sector was affected by lower commodity

prices overnight.

Economic Data Released Last Week:

RBA chief, Glenn Stevens defended the 2% to 3% inflation target on

Tuesday and stated that the central bank will continue to use inflation

as a key indicator for future monetary policy decisions.

Private new capital expenditure (capex) declined 5.2% in the first

quarter.

Australian Share Market Jumps Above 5400 Points

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 +0.33%

ALLORDS +0.33%

CBA +0.39%

BHP -0.21%

WBC +0.75%

NAB -0.22%

CGF +1.08%

RSG +3.93%

AEB +7.55%

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 ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %

PTB PTB Group 30 May 2016 24 Jun 2016 5.00 100.00

WBCPD -- 30 May 2016 08 Jun 2016 97.39 100.00

NABPB -- 31 May 2016 17 Jun 2016 98.31 100.00

ORI Orica 31 May 2016 01 Jul 2016 20.50 48.78

YTMQF2 -- 31 May 2016 17 Jun 2016 375.00 0.00

BENPF -- 01 Jun 2016 15 Jun 2016 226.72 100.00

CSR CSR 01 Jun 2016 05 Jul 2016 12.00 0.00

IFT Infratil 01 Jun 2016 15 Jun 2016 8.34 0.00

NABPA -- 01 Jun 2016 20 Jun 2016 96.34 100.00

SUNPE -- 01 Jun 2016 17 Jun 2016 100.95 100.00

TNE Technology One 01 Jun 2016 17 Jun 2016 2.36 100.00

KMD Kathmandu Holdings 02 Jun 2016 17 Jun 2016 2.67 0.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

SDF.asx - steaming hot E88.asx - cooling down

Shares of Steadfast Group Limited have risen

over 25% since the beginning of the year. The

company experienced double digit growth in

gross written premium during the last five years.

Steadfast recently reported a 184% rise in net

profit as it continues to expand its broker and

agency network.

Shares of Ensogo Limited have declined almost

75% in the last 12 months. The company

recently announced net operating cash flows of

$11.21 million for the quarter ended 31 March

2016.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY

US and UK markets closed

for holiday

Australian building

approvals data due at 11:00

am (AEST)

Company gross operating

profits for the first quarter

due at 11:30 am (AEST)

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTAristocrat Leisure Lifts Profit by 66.4% for 1H16

Aristocrat Leisure Limited (ASX:ALL) announced strong results for

the six months ended 31 March 2016, as the company expanded

its net profit by 66.4%.

Normalised Net Profit after Tax and before Amortisation of acquired

intangibles (NPATA) was $183 million, representing a 66.4% rise in

reported terms and 54% growth in constant currency terms.

The company attributed the improved performance to higher selling

prices, rise in overall average fee per day across its essential

segments in North America and Australia, coupled with continued

earnings growth and record Daily Active Users in the Digital social

gaming segment.

Total segment revenue rose 47% in reported terms while Aristocrat

reported EBITDA growth of 53%.

Click Here to Read the Full Story

LATEST UPDATE FROM WISE-OWL

TechnologyOne Ltd (TNE)

CODE COMPANY ANNOUNCEMENTGrowth Portfolio Update: TechnologyOne Ltd

(TNE)

ASX:TNE

Wise-owl recommended to buy TechnologyOne Ltd (ASX:TNE) on

19 July 2013 at $1.95. In 2014 and 2015 we issued hold

recommendations and subsequently moved our profit and stop

levels higher. TNE was last traded at $5.46 and the stock is

currently 180% in profit since our buy advice (not including

dividends). This position is part of our Growth Portfolio.

TechnologyOne has increased its dividend consistently at 10% per

annum, while revenue growth remains strong. During H1FY16

revenue rose 12%, however NPAT declined 17% largely due to a

16% increase in expenses. TNE's sales pipeline is heavily weighted

to the second half, thus management expects to achieve profit

growth for the full year and lower expense growth to around 11%

for the full year.

Hold | 180% Profit | 2.36c Dividend Declared | Raise Stop to

$4.15

View Full Report from July 2013

OUR VIEWS AT A GLANCE

Find below a summary of Wise-owl’s current market views

CODE COMPANY ANNOUNCEMENT

The ASX 200 has potential to outperform international markets in 2016/17

We continue to focus on small-mid cap stocks

There are individual opportunities on the ASX 200

We favour the risk/reward ratio for gold miners

We see value in European equities

We see little upside for US stocks

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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