investors bet on december rate hike asx set to soar · ayd australian masters yield fund no 1 23...
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Investors bet on December rate hike
ASX set to soar
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The Standard & Poor’s 500 Index rallied the most in almost a month as
Federal Reserve meeting minutes signaled policy makers think the
economy is strengthening enough to withstand higher interest rates as
soon as next month, while stressing the pace of any increases will be
gradual.
Gains among banks and biotechnology companies led a rally as eight
of the S&P 500’s 10 main industries rose more than 1.2 percent. A
cluster of deal activity ranging from railroads to food manufacturers
also helped lift equities Wednesday.
The Standard & Poor’s 500 Index added 1.6 percent to 2,083.54 at 4
p.m. in New York, with the gauge rising above its average price during
the past 200 days.
European stocks were little changed as investors assessed value after
the strongest rally in six weeks, while France’s CAC 40 Index retreated
after a police gun battle with suspects linked to the Paris terror attack.
The Stoxx 600 stalled after a rally in energy producers helped push it
higher in the two trading days following the attacks in Paris. The gauge
closed yesterday 12 percent higher than its September low.
Investors Bet on December Rate Hike; S&P 500 Soars
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +1.62%
Dow Jones +1.42%
NASDAQ +1.79%
Stoxx 600 -0.11%
FTSE100 +0.16%
Dax30 -0.10%
Crude Oil +0.32%
Gold +0.12%
The benchmark index ASX200 and the All Ordinaries rose 0.3% each
at the close of trading today. Both indices fell marginally during early
hours of trade and stabilised throughout the day.
All sectors except for Materials finished in the green yesterday. The
best performers were Utilities and Information Technology both up
0.9% followed by Telecommunications and Industrials each rising
0.8%. The worst performer was Materials which was down 1.5% as oil
prices slumped overnight and BHP continues to slide. Staples was also
lower losing 0.5%
The wage price index was released by the Australian Bureau of
Statistics and showed a 0.6% quarter-on-quarter increase.
The Australian market is set to rise today as SPI Futures are up 57
points as at 8am (AEDT).
ASX200 Gains in Afternoon Trade to Finish Slightly Higher
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 +0.29%
ALLORDS +0.29%
CBA +1.00%
BHP -2.75%
WBC +0.56%
NAB +1.02%
SGR +1.43%
GXL +1.11%
PTM -1.53%
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
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
25/11/2015 CHC CHARTER HALL GROUP 2015 Core Plus Industrial Fund (CPIF) Annual Review
25/11/2015 CMW CROMWELL PROPERTY GROUPCromwell Property Group 2015 Annual General
Meeting
26/11/2015 DYE DYESOL LIMITED Dyesol Annual General Meeting 2015
26/11/2015 GTY GATEWAY LIFESTYLE GROUP Gateway Lifestyle Group 2015 Annual General Meeting
27/11/2015 QHL QUICKSTEP HOLDINGS LIMITED Quickstep Holdings Ltd 2015 Annual General Meeting
27/11/2015 ESIENVIRONMENTAL CLEAN
TECHNOLOGIES LIMITED
Environmental Clean Technologies 2015 Annual
General Meeting
18/12/2015 GNC GRAINCORP LIMITED GrainCorp 2015 Annual General Meeting
10/02/2016 BLD BORAL LIMITED Boral Half Year Results
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 %
MVB Market Vectors Australian Banks ETF 18 Nov 2015 04 Dec 2015 0.00 0.00
ZNZ Z Energy 18 Nov 2015 02 Dec 2015 7.85 0.00
IPL Incitec Pivot 19 Nov 2015 14 Dec 2015 7.40 60.00
WHF Whitefield 20 Nov 2015 11 Dec 2015 8.50 100.00
WHFPA -- 20 Nov 2015 11 Dec 2015 4.00 100.00
WHFPB -- 20 Nov 2015 11 Dec 2015 350.00 100.00
AYD Australian Masters Yield Fund No 1 23 Nov 2015 04 Dec 2015 64.00 100.00
AYH Australian Masters Yield Fund No 2 23 Nov 2015 04 Dec 2015 73.00 100.00
DLX DuluxGroup 24 Nov 2015 15 Dec 2015 11.50 100.00
BENPD -- 25 Nov 2015 14 Dec 2015 253.52 100.00
IFZ Infratil 25 Nov 2015 15 Dec 2015 4.87 0.00
MQGPA -- 25 Nov 2015 07 Dec 2015 264.50 40.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
SGF.asx - steaming hot ANG.asx - cooling down
The salary packaging and novated leasing
company SG Fleet’s share price increased
over 25% after it announced that it acquired
NLC. NLC is a novated and vehicle
procurement specialist. SGF anticipates
25% higher cash EPS in the first year of
ownership.
The mining service provider Austin
Engineering hit a 6 year low to close at
$0.29. A disappointing take up at capital
raising and a loss of $49 million in August
this year sent the stock down 57% for the
year.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
Japanese exports, trade
balance set to show a
deficit once again
No economic news for
Australia
U.K. retail sales due
tonight
U.S. initial jobless claims
to be released overnight
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTASX News Update: TEN Completes Retail
Shortfall Bookbuild; Sims Metal Announces
Share BuybackTen Network Holdings (ASX: TEN) announced that it has
completed the retail component of its fully underwritten 7 for 37
accelerated entitlement offer of new TEN shares. The initial retail
entitlement offer had raised $21 million from an issue of
approximately 141 million new shares at an offer price of $0.15
per share.
Sims Metal Management Limited (ASX: SGM) has announced its
intention to commence an on-market buy-back program for up to
10 per cent of the company’s issued capital. The buy-back is
based on the closing share price of $7.19 on 17 November 2015.
The company will purchase around 20.5 million ordinary shares
worth approximately $147 million over a period of 12 months.
Read the full story here: https://www.wise-owl.com/news/asx-
news-update-ten-completes-retail-shortfall-bookbuild-sims-metal-
announces-share-buyback
LATEST UPDATE FROM WISE-OWL
Slater and Gordon Ltd (SGH)
CODE COMPANY ANNOUNCEMENTActive Investor's Recommendation: Slater
and Gordon Ltd (SGH)
ASX:SGH
Slater and Gordon Limited (“SGH”), established in 1935, is a law
firm operating legal practices in Australia and the UK. The company
specialises in compensation law, conveyancing, family law, wills,
estate planning & probate, class action, criminal law and dispute
resolution. In March 2015 Slater and Gordon announced the
acquisition of the Professional Services Division (“PSD”) of Quindell
plc for £637m. Since June 2015 Quindell plc is under investigation
by the Financial Conduct Authority for its accounting practices.
SGH‘s share price has retreated below fair value following the
acquisition of Quindell’s PSD and the ongoing investigation by
financial regulators. We favour SGH’s short-term technical trajectory
after establishing support and breaking out to the upside. If the
stock rises, short-sellers could be forced into closing positions which
could help accelerate buying.
BUY | Price $3.05 | Target $4.35 | Yield: 3% | Short-Term Outlook
Click here to read 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 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
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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER
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