european stocks mostly down asx spi futures down 11 pts · 2015-11-05 · european stocks mostly...
TRANSCRIPT
European stocks mostly down
ASX SPI Futures down 11 pts
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U.S. stocks closed little changed near a three-month high as the
specter of an interest rate increase this year left investors looking to
Friday’s jobs report for fresh signs the economy is strong enough to
withstand tightening.
Equities swung between gains and losses in the session as a rally in
banks helped erase declines sparked by a renewed selloff in embattled
drugmaker Valeant Pharmaceuticals International Inc. Weakness in
commodity producers also held back stocks for a second day.
The Standard & Poor’s 500 Index slipped 0.1 percent to 2,100.13 at 4
p.m. in New York, after earlier falling as much as 0.6 percent.
Tomorrow’s report on payrolls and unemployment will garner even
more scrutiny as it feeds into the Fed’s assessment of the economy’s
strength.
European stocks were mostly down with the Stoxx 600 losing 0.4%.
Wise-owl pick Adidas AG (ETR:ADS) has raised its full-year sales and
profit targets as strong demand for its Adidas and Reebok brands
powered a strong third-quarter performance. ADS gained 8.6% at the
close of trading in Frankfurt.
S&P 500 Little Changed Ahead of Jobs Report
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 -0.11%
Dow Jones -0.02%
NASDAQ -0.29%
Stoxx 600 -0.40%
FTSE100 -0.75%
Dax30 +0.39%
Crude Oil -2.33%
Gold -0.15%
The ASX 200 slid below 5200 points yesterday, led down by NAB
trading ex-dividend and a weak lead from Wall St overnight. The recent
rally in US stocks stopped as investors assess the impacts of a
potential rate hike in December. Whilst the timing of the first interest
rate increase remains speculation, Janet Yellen has indicated that
December is a “possibility.”
All sectors fell on Thursday with the exception of Health Care which
was flat. Staples fell 1.1% as both Wesfarmers and Woolworths fell
approximately 1%.
Nab shares hit a two-year low after falling 4.5% yesterday. The other
three ‘big banks’ fell as well.
Glenn Stevens said in a speech that the next rate move will likely be
down reiterating Wise-owl’s guidance that interest rates are expected
to remain low for longer.
ASX 200 Slides Below 5,200 as Nab Weighs on Market
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 -0.94%
ALLORDS -0.89%
CBA -0.95%
BHP -0.81%
WBC -0.51%
NAB -4.51%
EGP +3.12%
BKY +10.78%
PTM -0.40%
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
5/11/2015 BLD BORAL LIMITED Boral 2015 Annual General Meeting
5/11/2015 CCP CREDIT CORP GROUP LIMITED Credit Corp 2015 Annual General Meeting
5/11/2015 AAD ARDENT LEISURE GROUP Ardent Leisure 2015 Annual General Meeting
6/11/2015 WEC WHITE ENERGY COMPANY LIMITED White Energy 2015 Annual General Meeting
6/11/2015 AAD ARDENT LEISURE GROUP Ardent Leisure Quarterly Update
11/11/2015 CHC CHARTER HALL GROUP Charter Hall 2015 Annual General Meeting
12/11/2015 EAX ENERGY ACTION LIMITED Annual General Meeting
13/11/2015 IFN INFIGEN ENERGY Infigen 2015 Annual General Meeting
17/11/2015 CQR CHARTER HALL RETAIL REIT
Charter Hall Retail REIT 2015 Annual Unitholders
Meeting
18/11/2015 DUE DUET GROUP DUET Group 2015 Annual General Meeting
18/11/2015 TGA THORN GROUP LIMITED Thorn Group Half Year result
19/11/2015 BSL BLUESCOPE STEEL LIMITED Bluescope Steel 2015 Annual General Meeting
20/11/2015 AWE AWE LIMITED AWE Limited 2015 Annual General Meeting
20/11/2015 HZN HORIZON OIL LIMITED Horizon Oil 2015 Annual General Meeting
UPCOMING DIVIDENDS
Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends
Tasty dividends
DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %
KMD Kathmandu Holdings 05 Nov 2015 20 Nov 2015 4.50 85.00
NAB National Aust. Bank 05 Nov 2015 15 Dec 2015 99.00 100.00
ANZ ANZ Bank 06 Nov 2015 16 Dec 2015 95.00 100.00
MQG Macquarie Group 09 Nov 2015 16 Dec 2015 160.00 40.00
DGH Desane Group Holdings 10 Nov 2015 26 Nov 2015 2.00 100.00
WAT Waterco 11 Nov 2015 14 Dec 2015 5.00 100.00
WBC Westpac 11 Nov 2015 21 Dec 2015 94.00 100.00
MGP Managed Accounts 12 Nov 2015 24 Nov 2015 0.20 0.00
SBKHB CN 3M PER Q 12 Nov 2015 01 Dec 2015 72.84 --
SOL Washington H. Soul Pat 12 Nov 2015 07 Dec 2015 30.00 100.00
WOWHC HY 3M 11-36 Q RD T 12 Nov 2015 24 Nov 2015 135.23 --
GAP Gale Pacific 13 Nov 2015 01 Dec 2015 1.00 0.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
BKY.asx - steaming hot YBR.asx - cooling down
Berkeley Energy released an updated pre-
feasibility study that values the Salamanca
project at US$871.3m. Wise-owl
recommended BKY in April 2014 at $0.30.
The position is up 87%.
Yellow Brick Road said it has tipped $1.1m
into media investment during the first
quarter, an increase of 250 per cent year-on-
year. During FY15 the company posted a net
loss of $2.5m, significantly better than FY14
but still well in the red.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
RBA to release policy
meeting minutes this
morning
U.K. manufacturing data
at 8:30 PM (AEDT)
Global investors eye
nonfarm payrolls and
employment report in the
U.S. for further clues
about the strength of the
world’s largest economy
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTCommonwealth Bank Announces $2.4bn
Profit for First Quarter
Australia’s largest Bank by market capitalisation Commonwealth
Bank of Australia (ASX:CBA) released its first quarter trading
update today showing cash earnings of $2.4bn.
In an announcement to the ASX on Thursday morning CBA said
that cash earnings were $2.4bn for the first three months of FY16.
Overall income growth was similar to FY15 with “stable”
underlying group net interest margins according to
Commonwealth Bank. Trading income was slightly lower due to a
“slightly negative Derivative Valuation adjustment.”
Bad debts were only 0.13% of its assets during Q1, below market
expectations.
Read the full story here: https://www.wise-
owl.com/news/commonwealth-bank-announces-2-4bn-profit-for-
first-quarter
LATEST UPDATE FROM WISE-OWL
Carnarvon Petroleum Ltd (CVN)
CODE COMPANY ANNOUNCEMENT
Carnarvon Petroleum Limited ("Carnarvon", "the Company") is an oil
and gas exploration company focused on the North West Shelf of
Australia. Carnarvon's assets incorporate a 100% interest in the
Cerberus project (permits covers ~3,700 km2 ) and a 20% interest in
the joint venture exploration project in the Phoenix area (permit
covers ~22,000 km2 ). An independent resource assessment has
determined contingent resources of 31m and prospective resources
of 72m barrels of oil for the Phoenix project.
Carnarvon Petroleum provides speculative exposure to the domestic
oil and gas industry. We are attracted to the magnitude of its land
package, management track record and its strong balance sheet.
Speculative Buy | Price: $0.12 | Target: $0.25 | Stop: $0.08
Click Here for the Full Report
Growth Portfolio: Carnarvon Petroleum Ltd (CVN)
ASX:CVN
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
CODE COMPANY ANNOUNCEMENT
The ASX 200 is stabilising but remains in a medium-term downtrend
We increase our focus on small-mid cap stocks
We remain cautious on the resource sector
We expect international markets to benefit from lower volatility
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
Discovering the Bluechips of Tomorrow
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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER
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