Banks drag US stocks lower

ASX expected to open lower

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U.S. stocks fell, with the Standard & Poor’s 500 Index posting the

steepest loss in four weeks, amid simmering concerns that weakness

in global growth will deepen. Banks paced the retreat, sinking along

with Treasury yields as bonds rallied on haven demand.

The S&P 500 dropped 1 percent to 2,045.17 at 4 p.m. in New York,

leaving it little changed for the year and ending the longest streak of

calmness in 13 months. The rally that lifted the S&P 500 as much as

13 percent from a 22-month low in February has started to lose

momentum, with sentiment shifting as investors assess whether central

banks can fend off weakness in the global economy.

The Chicago Board Options Exchange Volatility Index rose 9.2 percent

to 15.42, the biggest back-to-back gain in almost two months. The

measure of market turbulence closed Friday at a seven-month low.

The Stoxx Europe 600 Index dropped 1.9 percent at the close, its

biggest drop since Feb. 24. All industry groups and most western-

European benchmarks declined. The DAX Index tumbled 2.6 percent

after an unexpected drop in German factory orders signaled weakness

in Europe’s largest economy.

Most Equities Tumble Overnight as Volatility Jumps

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 -1.01%

Dow Jones -0.75%

NASDAQ -0.98%

STOXX 600 -1.90%

FTSE100 -1.19%

DAX30 -2.63%

Crude Oil +2.24%

Gold +1.07%

The local share market finished in negative territory yesterday, to be

last quoted at 4924 points, closing 1.4% lower for the day. The

benchmark index ASX200 declined steadily in the morning session as

most stocks fell.

All sectors finished in the red. The market declines were led by Energy

and Discretionary, falling 3.3% and 2.1% respectively.

All the big four banks and also second tier banks declined yesterday.

However, CYBG Plc (CYB) bucked the trend, gaining 1% at the market

close.

The renewed slump in crude oil prices dragged energy stocks lower as

Woodside Petroleum (WPL) dropped 4.2%, Santos Limited (STO) shed

5.3% while Oil Search sank 4.7%.

The Reserve Bank of Australia kept the interest rate unchanged at the

record low 2% as expected.

Australian Shares Close 1.4% Lower

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -1.42%

ALLORDS -1.69%

CBA -2.29%

BHP -3.27%

WBC -1.95%

NAB -1.01%

IAG +0.37%

CLH -0.53%

AJA -0.96%

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 ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %

NUF Nufarm 07 Apr 2016 06 May 2016 4.00 0.00

WDE Wealth Defender Equities 07 Apr 2016 29 Apr 2016 1.00 100.00

YTMBHP -- 07 Apr 2016 21 Apr 2016 187.50 0.00

ALR Aberdeen Leaders 08 Apr 2016 05 May 2016 1.00 100.00

AUB AUB Group 08 Apr 2016 29 Apr 2016 12.00 100.00

AID -- 11 Apr 2016 18 Apr 2016 6.00 75.00

BKW Brickworks 11 Apr 2016 03 May 2016 16.00 100.00

CLV Clover Corporation 11 Apr 2016 02 May 2016 0.25 100.00

CYC Cyclopharm Limited 11 Apr 2016 19 Apr 2016 0.50 100.00

FFI FFI Holdings 12 Apr 2016 22 Apr 2016 8.00 100.00

GSBG23 TB 5.50% 04-23 6M 12 Apr 2016 21 Apr 2016 275.00 --

GSBG24 TB 2.75% 04-24 6M 12 Apr 2016 21 Apr 2016 137.50 --

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

APO.asx - steaming hot WPL.asx - cooling down

Shares in the outdoor media advertisement

company, APN Outdoor Group have been rising

since listing on the ASX in November 2014. The

company has posted strong operating results,

showing revenue and profits growth in FY14

and FY15. During FY15, the company

outperformed its ‘prospectus’ targets.

Shares in Woodside Petroleum have dropped

to their ten-year lows. The company announced

recently that the Browse joint venture will not

pursue a $40 billion floating LNG project. WPL

has declined a further 4.5% yesterday, after

crude oil prices continued to ease.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

Chinese Services data

due at 11:45am (AEST).

Analysts project the PMI

to be slightly above last

months reading.

Crude oil data to be

released tonight

FOMC minutes will be

published at 4am (AEST)

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENT‘Internet of Things’ Company Xped Lists on ASX

Newly listed Xped Ltd (ASX: XPE) listed on the ASX today

following a reverse takeover of exploration company Raya Group.

Xped specialises in the development of its ADRC technology and

has temporarily surged over 15% on the open, to $0.038 cents,

following the signing of a MOU with a US listed company.

As mentioned above, Xped’s primary asset is its ADRC technology

(Auto Discovery Remote Control), which enables users to control

a multitude of general household and industrial items right from a

user’s smartphone and/or tablet, through one master app known

as a ‘Device Browser’, or ‘DeB’ for short.

Development of this technology commenced seven years ago,

with the technology currently within the commercialisation phase.

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

owl.com/news/internet-of-things-company-xped-lists-on-asx

LATEST UPDATE FROM WISE-OWL

WiseTech Global Limited

CODE COMPANY ANNOUNCEMENTFloat Watch: WiseTech Global Limited (WTC) -

IPO Report

ASX:WTC

WiseTech Global Limited ("WiseTech", "the Company") is an

Australian software company providing software solutions to the

global logistics services industry. WiseTech's flagship product is

CargoWise One, a software platform that facilitates the movement

and storage of goods and information. WiseTech has 6,000

customers across more than 115 countries with offices in Australia,

New Zealand, China, Singapore, South Africa, United Kingdom and

Unites States.

WiseTech has increased revenue at ~25% pa for the past 2 years

while NPAT tripled in the same period. Retention rates are high with

recurring revenue representing more than 95% of total sales. While

the company is cash flow positive, free cash flow can increasingly

be directed towards growth initiatives.

IPO | Offer Price: $2.58-$4.12 | Listing: 11th April | Rating: 3.5/5

Click Here to View Full Report

OUR VIEWS AT A GLANCE

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

CODE COMPANY ANNOUNCEMENT

The ASX 200 remains in a medium-term downtrend

We continue to focus on small-mid cap stocks

We remain cautious on the resource sector

Bullish view for European equities

There are individual opportunities on the ASX 200

We favour the risk/reward ratio for gold miners

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

Wise-owl.com

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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

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