European Stocks slide

ASX set to open lower

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Global financial markets turned gloomy as the prospects for a Federal

Reserve interest-rate increase next week and a drop in oil helped

spark a selloff in riskier assets, from equities to commodities to high-

yield debt.

The Standard & Poor’s 500 Index slumped 1.9 percent to 2,012.37 at 4

p.m. in New York, to the lowest level since Oct. 14. The gauge sank 3.8

percent in the week. That’s the most since Aug. 21, when signs of

slowing growth from China to Europe rekindled concern that weakness

could spread to America.

Oil plunged below $36 a barrel to cap its worst week in a year, and junk

bonds had their worst day since December 2012. Treasuries rallied

with the yen on haven demand.

The Stoxx Europe 600 Index slipped 0.3 percent at the close of trading

in London, after earlier falling as much as 0.9 percent. It’s heading for a

second week of losses for the first time in two months. Commodity

producers climbed for a second day after hitting their lowest levels

since 2009.

U.S. and European Stocks Down for the Week

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 -1.94%

Dow Jones -1.76%

NASDAQ -2.21%

STOXX 600 -2.04%

FTSE100 -2.22%

Dax30 -2.44%

Crude Oil -3.10%

Gold +0.35%

The ASX finished the week on a quiet note falling just 0.2% on Friday

to finish the week at 5030 points. Healthcare, Information Technology

and Utilities were steady while all other sectors finished in the red.

Over the five days the local share market contracted 2.4% to trade just

above the 5,000 mark. On Thursday, the ASX200 dipped below the

psychological support level, but managed to rebound 40 points.

Ongoing weakness in commodities prices, particularly oil and iron ore,

continue to weigh on the resource and energy sector.

The Australian Bureau of Statistics released official employment figures

which showed a surprise decline in the unemployment rate. 71k jobs

were added in November and the unemployment rate stands at 5.8%,

significantly lower than the 6.4% reached in January.

ASX Declines 2.4% for the Week; Unemployment at 5.8%

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -0.16%

ALLORDS -0.17%

CBA +0.06%

BHP -1.60%

WBC +0.19%

NAB +0.6%

BPF +1.25%

IAG -1.45%

FLN -1.43%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action last week

UPCOMING ANNOUNCEMENTS

Courtesy of http://www.brrmedia.com/calendar

What’s coming up?

DATE CODE COMPANY ANNOUNCEMENT

DATE CODE COMPANY ANNOUNCEMENT

10/12/2015 IWG IWEBGATE LIMITED iWebgate: pioneering the vizualisation of network services

10/12/2015 EASYHOTEL easyHotel plc - Results for the year ended 30 September 2015

10/12/2015 WESTMINSTER GROUP PLC Westminster Group, New Airports MoU & Operational Update

14/12/2015 IGO INDEPENDENCE GROUP NL

Independence Group NL - Nova Optimisation Study

Presentation

18/12/2015 GNC GRAINCORP LIMITED GrainCorp 2015 Annual General Meeting

27/01/2016 EVN EVOLUTION MINING LIMITED December 2015 Quarterly Results

28/01/2016 CCP CREDIT CORP GROUP LIMITED Credit Corp Group Half Year Results

10/02/2016 BLD BORAL LIMITED Boral Half Year Results

19/02/2016 DUE DUET GROUP DUET 2016 Half Year Results

UPCOMING DIVIDENDS

Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends

Tasty dividends & distributions

DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %

CBAHA BND 3M 12-15 14 Dec 2015 24 Dec 2015 62.00 --

AQHHA HY 3M 09-72 Q RD T 18 Dec 2015 31 Dec 2015 167.99 --

CNGHA HY 3M 03-37 Q RD T 21 Dec 2015 31 Dec 2015 136.87 --

JHX James Hardie 21 Dec 2015 26 Feb 2016 10.15 0.00

KBLGA CBND 12.00% 02-17 6M 21 Dec 2015 31 Dec 2015 2.29 --

TTSHA BND 3M 07-19 22 Dec 2015 05 Jan 2016 131.31 --

PCAPA -- 23 Dec 2015 06 Jan 2016 113.51 100.00

MBLHB HY 3M PER Q ST 24 Dec 2015 15 Jan 2016 97.29 --

ECX Eclipx Group 29 Dec 2015 29 Jan 2016 6.50 100.00

EPX Ethane Pipeline 29 Dec 2015 15 Jan 2016 3.25 77.10

IMFHA BND 3M 06-19 E 29 Dec 2015 08 Jan 2016 160.43 --

LEP ALE Property 29 Dec 2015 07 Mar 2016 9.90 0.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

HUB.asx - steaming hot DOW.asx - cooling down

HUB24 received a takeover proposal from

IOOF Holdings to acquire 100% of HUB’s

shares for cash. IOOF valued HUB24 at $2.75,

however the financial services firm rejected the

offer as it called it ‘inadequate’. FUA recently

surpassed $2bn after achieving record quarterly

inflows of $337m.

Engineering services provider Downer warned

of lower earnings this financial year after

posting a 2.7% drop in net profit to $210.2

million and a 4.8% decline in revenue. Despite

a healthy balance sheet, Downer is expected to

face challenging conditions for the year ahead.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

No economic news for

Australia

Japanese Manufacturing

data due today at 10:50

AM (AEDT)

European Production

data is set to be released

tonight

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTFriday Wrap: U.S. Stocks Edge Higher; ASX

Set to Finish the Week on a Quiet Note

The U.S stock market edged slightly higher overnight, with the

Dow Jones industrial average up 82 points, or 0.47%, with airline

and energy equities such as Boeing and Chevron contributing the

most to the gains. The NASDAQ was also in the green, finishing

22 points up, or 0.44%, with Apple shares gaining 0.48% at the

conclusion of U.S trading.

U.S unemployment claims for December were higher than

forecasted, at 282,000, 13,000more claims than in the previous

month. Analysts attribute the higher figure to holiday seasonal

adjustments and general market volatility.

Read the full story here: https://www.wise-owl.com/news/u-s-

stocks-edge-higher-asx-set-to-finish-the-week-on-a-quiet-note

LATEST UPDATE FROM WISE-OWL

Market Update: December

CODE COMPANY ANNOUNCEMENTWise-owl Market Update, Friday 11 December 2015

Whilst the ASX has stabilised in the past few weeks, the market

continues to experience heavy swings in either direction. We stated

on 6 November 2015 that the ASX is inclined to range trade

between 5,000 and 5,300 in light of domestic and international

developments. The local share market is currently at the lower end

of this range due to continued weakness mainly from resource and

energy stocks.

We also stated that after a strong October we expected a weaker

November and December. Whether we will see a global "Christmas

rally" will likely depend on next week's interest rate decision in the

U.S. and more importantly the language the FED will use for its

outlook of the year ahead. The market is currently pricing in a 90%

chance of a rate hike.

To read the full update, please check your inbox or contact us

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 continue to 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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