u.s. markets closed for labor day oil prices fall overnight · 2015-09-07 · ctd corporate travel...
TRANSCRIPT
U.S. markets closed for Labor day
Oil prices fall overnight
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European stocks rose, following a selloff that wiped out two days of
gains.
The Stoxx Europe 600 Index advanced 0.5 percent to 354.81 at the
close of trading, after earlier rising as much as 1.2 percent. Shares
extended a weekly loss on Friday as mixed U.S. jobs data stoked
concern about an impending Federal Reserve rate increase and the
strength of the global economy.
The volume of Stoxx 600 shares changing hands today was 38 percent
lower than the daily average, with U.S. markets closed for a holiday.
In China, the governor of the country’s central bank forecast a return to
stability for markets. The world’s second-largest economy is seeking to
bolster confidence after concerns over growth spurred the biggest
monthly drop in global equities since 2012 in August.
Data showing German industrial production increased in July also
added to investor optimism today. Miners posted the biggest gain of
the 19 industry groups on the Stoxx 600.
European Stocks Rise; U.S. Markets Closed for Labor Day
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +0.00%
Dow Jones +0.00%
Nasdaq +0.00%
Stoxx 600 +0.48%
FTSE100 +0.52%
Dax30 +0.70%
Crude Oil -3.89%
Gold -0.27%
Following last week’s 4.2% decline of the ASX200, Australian investors
maintained a cautious approach in a choppy trading session. The
ASX200 fell sharply in the first 30 minutes of trading dipping below the
psychological 5,000 mark, before recovering in the afternoon to close
just 10 points lower. The ASX200 shed 0.20% to finish the day at
5030.4 points.
Most sectors finished in the red on Monday with Energy being once
again the worst performer, falling 1.3%. Materials fell 0.7%. The best
performing sector was Information technology gaining 0.7%, followed
by Discretion which rose 0.4%.
CBA was the only of the ‘big four banks’ to finish in the black as
investors continue to reduce exposure from the financials sector.
There were no economic news for Australia yesterday.
The Australian Dollar gained slightly against the USD, but remains well
below the US70 cents mark.
ASX Investors Remain Cautious
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 -0.20%
ALLORDS -0.19%
CBA +0.24%
BHP -2.03%
NAB -0.64%
ANZ -0.56%
WBC -0.47%
CLH +2.14%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action
UPCOMING ANNOUNCEMENTS
Courtesy of http://www.brrmedia.com/calendar
What’s coming up?
DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT
9/09/2015 BLT BHP BILLITON LIMITED Ex Div Date
11/09/2015 GPT GPT GROUP Date Payable
11/09/2015 HPI HOTEL PROPERTY INVESTMENTS Date Payable
11/09/2015 ENN ELANOR INVESTORS GROUP Date Payable
14/09/2015 APZ ASPEN GROUP Aspen Group Corporate Update
14/09/2015 CIM CIMIC GROUP LIMITED Ex Div Date
15/09/2015 SKI SPARK INFRASTRUCTURE GROUP Date Payable
15/09/2015 NVT NAVITAS LIMITED Date Payable
16/09/2015 RCT REEF CASINO TRUST Date Payable
16/09/2015 APA APA GROUP Date Payable
16/09/2015 CIM CIMIC GROUP LIMITED Record Date
18/09/2015 APW AIMS PROPERTY SECURITIES FUND Date Payable
23/09/2015 CAJ CAPITOL HEALTH LIMITED Ex Div Date
24/09/2015 FRI FINBAR 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 %
AGI Ainsworth Game Technology 08 Sep 2015 29 Sep 2015 5.00 100.00
AMPHA HY 3M 12-23 Q RD T 08 Sep 2015 18 Sep 2015 120.86 --
AVJ AVJennings 08 Sep 2015 23 Sep 2015 3.00 100.00
BAP Burson Group 08 Sep 2015 30 Sep 2015 4.70 100.00
CKL Colorpak 08 Sep 2015 07 Oct 2015 1.25 100.00
COH Cochlear 08 Sep 2015 01 Oct 2015 100.00 100.00
CTD Corporate Travel Management 08 Sep 2015 09 Oct 2015 10.00 100.00
CTE Cryosite 08 Sep 2015 01 Oct 2015 0.50 0.00
FID Fiducian Group 08 Sep 2015 24 Sep 2015 5.50 100.00
HHL Hunter Hall Int. 08 Sep 2015 24 Sep 2015 9.50 100.00
NABHB BND 3M 06-22 Q RD T 08 Sep 2015 18 Sep 2015 123.38 --
ORA Orora 08 Sep 2015 13 Oct 2015 4.00 30.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
ONC.asx - steaming hot BLT.asx - cooling down
OnCard International Limited (ONC) has
agreed to acquire Meander Valley Dairy for
$2.1m. Meanders FY15 revenue was
$1.34m with NPAT of $0.11m. ONC nearly
doubled following the release of the
announcement as investors feel confident
about the proposed transaction.
BLT’s outlook remains highly speculative.
Selling pressure has increased as investors
expect financial performance to remain
subdued for a considerable amount of time.
FY loss after tax has increased by 63% to
$11.5m.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
Japanese GDP
expected to show a
contraction in the
second quarter
NAB publishes its
monthly survey on
business confidence
All eyes on Chinese
Imports and exports
data at 12pm (AEST)
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTWestpac's Strategic Review to Boost
Efficiency; Reaffirms ROE Target
Australian banking giant Westpac (ASX:WBC) released its
strategic review which aims to grow customer numbers and
improve depth and duration of existing customer relationships.
One of the key points of Westpac’s strategic update is a 20%
increase in annual investments to around $1.3bn. The additional
investment spend will be targeted towards services, growth and
efficiency initiatives in order to reach the target of adding over one
million new customers over the upcoming three years. The bank
also aims to increase the number of products per customer.
Within three years Westpac wants to cut its expense to income
ratio below 40% and reaffirms its guidance of targeting return on
equity (ROE) of 15%.
Read the full story here: https://www.wise-owl.com/news/westpac-s-strategic-review-to-boost-efficiency-reaffirms-roe-target
LATEST UPDATE FROM WISE-OWL
Vitaco Holdings Ltd (VIT)
CODE COMPANY ANNOUNCEMENT
Vitaco Holdings Ltd ("Vitaco", "the Company") is an Australian
Company engaged in food manufacturing. Its principal focus is
health foods, vitamins, and dietary supplements. It operates three
manufacturing plants in Auckland, New Zealand; and distributes to
over 18,500 grocery, health food, pharmacies and gyms across
Australia and New Zealand. Vitaco's products are marketed under
multiple brands including Healtheries, Nutralife, and Aussie
Bodies.
Offer Price: $2.10 | Listing: 16th Sept | Rating: 4/5
Click here to view full report
Float Watch: Vitaco Holdings Ltd (VIT)
ASX:VIT
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
CODE COMPANY ANNOUNCEMENT
We expect elevated volatility in the short-term
The ASX 200 looks attractive around the 5,100 mark
We remain cautious on the resource rector
We see further downside for U.S. stocks in the short-term
Bullish view on German equities
A WISE-OWL PUBLICATION
Presented by Simon Herrmann
DATE CODE COMPANY ANNOUNCEMENT
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