European markets mostly lower

ASX Futures up 9 points

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U.S. stocks climbed, with the S&P 500 Index edging closer to a record,

bolstered by speculation borrowing costs will remain lower for longer

amid moderate growth.

The S&P 500 rose 0.3 percent to 2,119.12 at 4 p.m. in New York, the

highest since July 21, 2015 and 0.6 percent from a record. The Dow

Jones Industrial Average added 66.77 points, or 0.4 percent, to

18,005.05, a six-week high.

Federal Reserve Chair Janet Yellen’s remarks this week that the U.S.

economy is making progress and indications that policy makers won’t

prematurely raise interest rates have helped support stocks. In

Wednesday’s trading, S&P 500 industrials, raw-materials, utilities and

consumer staples shares rose the most. Phone companies fell for the

second time in three days, and energy stocks retreated.

European stocks declined, snapping their biggest back-to-back gains in

two weeks, as banks and carmakers fell. The Stoxx Europe 600 Index

lost 0.5 percent at the close of trading. Volkswagen AG and BMW AG

dropped 1 percent or more as a strengthening euro dragged on

exporters.

U.S. Stocks Close Higher as S&P 500 Nears All-Time High

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 +0.33%

Dow Jones +0.37%

NASDAQ +0.26%

STOXX 600 -0.49%

FTSE 100 +0.27%

DAX30 -0.69%

Crude Oil +1.73%

Gold +1.23%

The ASX closed little changed on Wednesday as the market erased

earlier losses following the release of Chinese trade data. Australian

shares fell in the first 30 minutes of trading to hit the daily low at 5335

points before recovering throughout the day. The ASX 200 closed at

5370 points, just one point lower.

Chinese dollar-denominated exports declined 4.1 percent in May from

a year earlier, compared with an expected drop of 3.6 percent. Imports

fell 0.4 percent, less than the predicted 6 percent. The trade balance

surplus was close to U$50bn.

Shares in the Energy and Consumer Staples sector powered higher,

while Telecommunications and Resource shares declined.

Australian home loans expanded 1.7% in April, compared with a 0.7%

decline in March.

Most other Asian markets recovered from early losses as well with the

Japanese Nikkei rising 0.9% and the Hang Seng closing flat.

ASX 200 Erases Earlier Losses as Market Digest China Data

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -0.02%

ALLORDS +0.10%

CBA -0.45%

BHP -1.21%

NAB -0.45%

WBC +0.29%

HRR +6.90%

RSG +0.88%

TGZ +4.25%

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 %

ALQ ALS 08 Jun 2016 01 Jul 2016 6.00 40.00

JHX James Hardie 08 Jun 2016 05 Aug 2016 31.87 0.00

GTK Gentrack Group 09 Jun 2016 21 Jun 2016 3.94 8.50

HBSHB BND 7.25% 06-17 3M 09 Jun 2016 20 Jun 2016 180.75 --

OFX OzForex Group 09 Jun 2016 24 Jun 2016 3.10 100.00

SUNPC -- 09 Jun 2016 17 Jun 2016 123.01 100.00

TCO Transmetro Corporation 09 Jun 2016 30 Jun 2016 5.00 100.00

TWR Tower 09 Jun 2016 30 Jun 2016 6.78 0.00

USR US Residential Fund 09 Jun 2016 24 Jun 2016 1.50 0.00

YTMMG1 -- 09 Jun 2016 23 Jun 2016 275.00 0.00

AMPPA -- 10 Jun 2016 22 Jun 2016 134.78 90.00

ORGHA HY 3M 12-71 Q RD T 10 Jun 2016 22 Jun 2016 159.00 --

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

CAT.asx - steaming hot RFN.asx - cooling down

Catapult’s share price has tripled in the past 12

months as the company continues to expand

rapidly. During the first quarter of the year,

Catapult recorded an all-time quarterly sales

result with unit orders up 118%. The company is

also entering the US high school market.

Valuations across the entire sector have

contracted during the past 12 months. It

appears that investors reduce exposure from

‘speculative’ investments and shift towards

companies with earnings. For H1FY16 Reffind

posted a net loss of $2.2m, and the stock has

lost 95% of its value since peaking in October

2015.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY

Chinese market closed for

Dragon Boat Festival

Chinese inflation date (also

known as CPI) to be

released today at 11:30AM

(AEST)

ECB President Mario Draghi

to speak tonight

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTSpeculative Appetite Required for

ChimpChange IPO

ChimpChange Limited is the next start-up technology to list on the

ASX, aiming to raise $15 million before costs. ChimpChange is

focused on payment solutions and digital banking. The company

issues debit cards and provides banking facilities which are

managed through its proprietary payments and processing platform

the ‘ChimpChange Platform’. The platforms is designed to offer an

alternative solution to traditional retail banking facilities and is only

available to US residents.

The ChimpChange platform is fully functional and the successful

expansion of its product provides access to a market of scalable

size in the US. Growing its customer base and transaction volumes

will be the primary drivers in the short-term. We are also attracted

to management’s track record in the industry, as the company

benefits from the expertise of Peter Clare, previous CEO of

Westpac New Zealand.

Click Here to Read the Full Story

LATEST UPDATE FROM WISE-OWL

Carnarvon Petroleum Ltd (CVN)

CODE COMPANY ANNOUNCEMENTGrowth Portfolio: Carnarvon Petroleum Ltd (CVN)

ASX:CVN

Wise-owl issued a 'speculative buy' recommendation for Carnarvon

Petroleum Limited (CVN) on 4 November 2015 at $0.12. This position is

part of our 'Growth Portfolio' and we have a long-term outlook.

Carnarvon is progressing with a number of projects including the Roc-1

and Roc-2 Wells as well as the Outtrim East-1 well. At the end of last

month, the company expanded its portfolio with the acquisition of oil

prone acreage on Australia's North West Shelf. The move adds another

high quality asset to Carnarvon's growing portfolio of oil and gas

exploration projects in the area.

As at 31 March 2016, Carnarvon had $95.3 million in cash, which is

roughly in line with the company's current market capitalisation. With

little value ascribed to its exploration assets and Carnarvon well

positioned to unlock value from its exploration assets, we continue to

favour the balance of risk and maintain our hold advice for CVN.

Hold | Last Price: $0.105 | Progress with a Number of Projects

OUR VIEWS AT A GLANCE

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

CODE COMPANY ANNOUNCEMENT

The ASX 200 has potential to outperform international markets in 2016/17

We continue to focus on small-mid cap stocks

There are individual opportunities on the ASX 200

We favour the risk/reward ratio for gold miners

We see value in European equities

We see little upside for US stocks

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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capital market services.

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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

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