Banks weigh on European equities

ASX set for a soft open

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The S&P 500 Index retreated after briefly approaching a fresh record,

as falling crude prices sparked a sharp selloff in energy shares, denting

confidence that U.S. growth and corporate profits will rebound.

An advance spurred by gains in health-care and technology companies

was erased in early afternoon trading as crude dipped below $40 a

barrel, dragging oil and gas producers to their worst decline in five

weeks.

The S&P 500 slipped 0.1 percent to 2,170.84 at 4 p.m. in New York, on

the heels of its longest monthly winning streak since 2014. The Dow

Jones Industrial Average lost 27.73 points, or 0.2 percent, to

18,404.51. The Nasdaq Composite Index added 0.4 percent.

Lenders dragged down European equities amid investor skepticism

even as stress-test results showed most of the firms would keep an

adequate level of capital in a crisis.

The Stoxx Europe 600 Index slipped 0.6 percent, reversing an increase

of as much as 0.6 percent.

Falling Oil Prices Weigh on Energy Stocks; S&P 500 Down

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 -0.13%

Dow Jones -0.15%

NASDAQ +0.43%

STOXX 600 -0.59%

FTSE 100 -0.45%

DAX30 -0.07%

Crude Oil -3.70%

Gold +0.15%

The ASX continued its run of the past weeks and started Monday on a

positive note ahead of Tuesday’s RBA meeting. Futures traders are

pricing in a solid chance of a rate cut, but we have to wait for 2:30 pm

for the RBA statement.

Australia’s leading benchmark index for blue-chips, the S&P/ASX 200

rose 0.5 percent to be last quoted at 5587 points. The S&P/ASX Small

Ordinaries index rose 1 percent as small-mid caps outperformed. An

index tracking the performance of companies with exposure to the gold

sector soared 2.1 percent.

Wise-owl pick Resolute Mining soared 16.2 percent to $1.94 after the

Syama drilling results confirmed a major extension of the orebody. The

deep drilling program is planned throughout 2016 and expected to

enhance the existing resource model and deliver further mine life

extension opportunities.

The Australian manufacturing activity remained strong as the Australian

Industry Group Manufacturing Index has rose to 56.4, the 13th straight

month of expansion for the sector.

Last week the ASX 200 gained 1.2 percent.

ASX Powers Higher buoyed by Miners ahead of RBA Meeting

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX 200 +0.45%

ALL ORDS +0.46%

CBA +0.81%

BHP +0.77%

WBC +0.03%

ANZ -0.23%

RSG +16.22%

CM8 +22.22%

MND +4.56%

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 ANNOUNCEMENTCODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %

EZL Euroz 02 Aug 2016 05 Aug 2016 2.25 100.00

HVST Betashares Australian Dividend

Harvester Fund

02 Aug 2016 17 Aug 2016 0.00 0.00

GSBC17 TB 6.00% 02-17 6M 04 Aug 2016 15 Aug 2016 300.00 --

BKI BKI Investment Company 05 Aug 2016 26 Aug 2016 3.65 100.00

DJW Djerriwarrh Investments 05 Aug 2016 26 Aug 2016 14.00 100.00

AMH AMCIL 08 Aug 2016 25 Aug 2016 3.50 100.00

OZG Ozgrowth 08 Aug 2016 25 Aug 2016 0.25 100.00

WIC Westoz Investment Company 08 Aug 2016 25 Aug 2016 3.00 100.00

AFI AFIC 09 Aug 2016 30 Aug 2016 14.00 100.00

FRI Finbar Group 11 Aug 2016 01 Sep 2016 4.00 100.00

GSIC22 TIB +1.25% 02-22 3M 11 Aug 2016 22 Aug 2016 34.00 --

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

ITQ.asx - steaming hot TNT.asx - cooling down

Intecq Limited soared nearly 30% yesterday

after the company announced that Tabcorp

Holdings will acquire all of the issued capital at

an implied price of $7.15 per share, a 31%

premium to the one month volume weighted

average price. Management believes that

Intecq’s two major business divisions “present a

compelling growth proposition for Tabcorp.”

Tesserent Limited, focused on internet security,

has developed the MSSP Platform, which

allows the delivery of security as a service to

Australian and international customers. The

platform addresses security functions of a

computer’s network such as firewall, content or

intrusion detection. Tesserent’s market cap has

decreased significantly since the IPO in

February.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY

Australian buildings data

and trade balance to be

published this morning.

Analysts believe that the

trade deficit has narrowed

compared to last month

Australian interest rate

decision announced at

2:30pm (AEST)

LATEST UPDATE FROM WISE-OWL

Freelancer Ltd (FLN)

CODE COMPANY ANNOUNCEMENTGrowth Portfolio Update: Freelancer Ltd (FLN)

ASX:FLN

Wise-owl recommended to buy Freelancer Limited (FLN) on 3 June

2015 at $1.14 and we reiterated our buy advice on 10 September 2015

at $1.26. FLN was last traded at $1.70 and this position is part of our

Growth Portfolio.

Freelancing and crowdsourcing marketplace provider Freelancer Limited

posted record results for the half year ended 30 June 2016 as revenue

rose 56% to $26.2 million.

The driver for growth was accelerating volume in gross payments which

quadrupled to $354.9 million, compared to $64.1 million during the same

period last year. Gross Payment Volume, also referred to as GPV, is the

total payments that go through Freelancer and Escrow. GPV is an

important metric for Freelancer as most of its revenue is derived as a

percentage from total transactions.

Hold | 56% Revenue Growth | EBITDA Positive

Read further commentary here…

OUR VIEWS AT A GLANCE

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

CODE COMPANY ANNOUNCEMENT

We continue to focus on small-mid cap stocks

There are individual opportunities on the ASX 200

We feel comfortable with our exposure to the gold sector

We see little upside for US stocks in the medium-term

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

Wise-owl.com

Discovering the Bluechips of Tomorrow

www.wise-owl.com

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very early in their life cycle. The significant capital growth that often follows has earned

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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

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