European markets slump after Greece

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U.S. stocks declined, with the Standard & Poor’s 500 Index reaching a

four-week low, as a slide in oil and metals weighed on commodities

producers and Greece asked for a deferral on its debt payments.

The S&P 500 lost 0.9 percent to 2,095.84 at 4 p.m. in New York.The

Dow Jones Industrial Average declined 170.69 points, or 0.9 percent,

to 17,905.58. The Nasdaq Composite Index retreated 0.8 percent. A

report today showed jobless claims decreased by 8,000 in the latest

week, while the total number of people receiving unemployment

insurance payments was the smallest in more than 14 years, signaling

the job market remains firm.

European stocks fell to the lowest level in almost a month after another

round of talks failed to end a Greek debt stalemate. The Stoxx Europe

600 Index slipped 0.8 percent to 392.65 at the close of trading. Stocks

tumbled as much as 1.9 percent earlier as bonds slumped and Greek

Prime Minister

Alexis Tsipras rejected proposals by creditors to help unlock more aid.

Deutsche Telekom AG gained 1.3 percent. T-Mobile US Inc., owned by

the German company, is in talks to merge with Dish Network Corp

U.S. & European Markets Decline Amid Greece Impasse

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 -0.86%

Dow Jones -0.94%

Nasdaq -0.79%

Stoxx 600 -0.83%

FTSE100 -1.31%

Dax30 -0.69%

Crude Oil -0.93%

Gold -0.93%

NYSE:BABA -0.22%

ETR:DTE +1.32%

The ASX was down 79.3pts, or 1.40 per cent, at 5504.3pts on

Thursday. The negative sentiment among investors has continued to

drive the market correction. The ASX continues its sharp correction,

falling for the fourth consecutive day. The local market is on track for its

worst week so far this year as investors continue to selloff ASX50

bluechip stocks. All sectors were down on Thursday, led by Utilities,

which fell 2.47 per cent. Metals and Mining fell sharply as well, down

1.87 per cent. Australian shares were initially up and down in the

opening minutes of trading, but fell sharply soon thereafter. Data

released around 11:30am showed the trade deficit for April ballooned

to its largest value since data collection began.

Ainsworth Game Technology (ASX:AGI) was down 21c, or 6.95 per

cent, at $2.81 per share. Due to headwinds facing sales, the company

has warned that profits for FY2015 will be on par with profits from the

previous corresponding period.

Qube Holdings (ASX:QUB) was down 21c, or 7.58 per cent, at $2.56

per share. Qube released a statement on Thursday stating it was

unlikely that trading conditions would improve in the next 12 months.

Negative Sentiment Continues to Drive Market Correction

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -1.42%

ALLORDS -1.38%

CBA -1.26%

BHP -1.54%

ANZ -1.32%

QBE +0.14%

NXR +19.05%

WBC -1.51%

TLS -1.48%

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

1/06/2015 SVW SEVEN GROUP HOLDINGS LIMITED Record Date

2/06/2015 UBS UBS SECURITIES AUSTRALIA LIMITED Date Payable

4/06/2015 CRB CARBINE RESOURCES LIMITED Annual General Meeting

5/06/2015 FOT FORTUNIS RESOURCES LIMITED EGM

8/06/2015 GID GI DYNAMICS, INC Annual General Meeting

10/06/2015 AQG ALACER GOLD LTD Annual General Meeting

10/06/2015 ABM RBS GROUP (AUSTRALIA) PTY LIMITED Date Payable

10/06/2015 NNW 99 WUXIAN LIMITED Annual General Meeting

12/06/2015 OGC OCEANAGOLD CORPORATION Annual General Meeting

12/06/2015 LGM LUIRI GOLD LIMITED Annual General Meeting

15/06/2015 DGH DESANE GROUP HOLDINGS LIMITED Record Date

15/06/2015 MPX MUSTERA PROPERTY GROUP LIMITED EGM

15/06/2015 AHF AUSTRALIAN DAIRY FARMS GROUP EGM

16/06/2015 PTB PTB GROUP LIMITED Date Payable

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 %

AMPHA HY 3M 12-23 Q RD T 05 Jun 2015 18 Jun 2015 125.02 --

NABHB BND 3M 06-22 Q RD T 05 Jun 2015 18 Jun 2015 127.54 --

ALQ ALS 09 Jun 2015 01 Jul 2015 10.00 25.00

JHX James Hardie 09 Jun 2015 07 Aug 2015 61.91 0.00

ANZHA BND 3M 06-22 Q RD T 10 Jun 2015 22 Jun 2015 129.54 --

GSBK35 TB 2.75% 06-35 6M 10 Jun 2015 22 Jun 2015 137.50 --

GSIQ25 TIB +3.00% 09-25 3M 10 Jun 2015 22 Jun 2015 86.43 --

GSIQ30 TIB +2.50% 09-30 3M 10 Jun 2015 22 Jun 2015 70.27 --

GTK Gentrack Group 10 Jun 2015 19 Jun 2015 3.86 25.50

HBSHB BND 7.25% 06-17 3M 10 Jun 2015 22 Jun 2015 186.71 --

MYBG SUB.NOTE 20-DEC-17 10 Jun 2015 22 Jun 2015 226.35 --

NHH Newhaven Hotels 10 Jun 2015 23 Jun 2015 3.00 100.00

OFX OzForex Group 10 Jun 2015 26 Jun 2015 3.58 100.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

SLC.asx - steaming hot MTS.asx - cooling down

Superloop Ltd is an Australian technology

company focused on telecommunications

infrastructure. The Company’s principal

focus is the development and

commercialisation of metropolitan fibre optic

networks in the Asia Pacific. Superloop

offers speculative exposure to data

consumption trends and demand for fibre

optic communications infrastructure. Whilst

the Company’s limited operating history and

reliance on third party infrastructure is a risk,

management’s record of creating value in

the industry creates a favourable outlook.

SLC gained 103% on its ASX debut

yesterday.

You can read our IPO report here.

Metcash Limited (MTS) is a wholesale

distribution and marketing company. MTS

announced a one-off impairment charge of

$640m and also declared that no dividend

will be paid during FY15 and FY16.

ECONOMIC NEWS

What to look out for

DATE CODE COMPANY ANNOUNCEMENT

No economic news

during today’s session

U.S. nonfarm payrolls

report at 10:30pm

(AEST)

U.S. unemployment

rate expected to be

steady

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTAustralia Records Largest Trade Deficit

in its History

Trade deficit figures released on Thursday are the worst

numbers since data collection began in 1971. According to

data released by the Australia Bureau of Statistics, the

monthly trade deficit in April came to $3.90bn. “Australia's

April trade data was a disaster," said JP Morgan analyst

Tom Kennedy. "The largest deficit ever recorded, on a data

series that dates back to 1971.” Projections from the same

US-bank pegged the trade deficit to come in at $2.1bn. The

country posted a trade deficit of $1.2bn in the previous

month.

Read the full story here: https://www.wise-

owl.com/news/australia-records-largest-trade-deficit-in-its-history

LATEST UPDATE FROM WISE-OWL

Freelancer Ltd (FLN)

CODE COMPANY ANNOUNCEMENT

Freelancer Ltd ("Freelancer", "the Company") is an

Australian based software company operating the world's

largest freelancing, outsourcing and crowdsourcing

marketplace. Founded in 2009, the company connects

employers and freelancers from over 247 countries. The

Company has 14.3m users and 6.9m total projects and

contests as of 31 December 2014. The company listed on

the Australian Securities Exchange in November 2013.

Buy | Price $1.14 | Target $1.60 | Stop $0.95 | Long-Term

Outlook

Click here

ASX:FLN

Growth Portfolio Recommendation: Freelancer Ltd (FLN)

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

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