STOXX600 slips with commodity prices

ASX Futures down 25 points

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U.S. stocks slipped, with the Standard & Poor’s 500 Index continuing a

retreat from a four-month high, before central-bank meetings this week

in the U.S. and Japan and as investors awaited earnings reports to

gauge corporate health.

The S&P 500 fell 0.2 percent on Monday to close at 2,087.79 at 4 p.m.

in New York, after losing as much as 0.7 percent.

More than a third of the companies in the main U.S. equity index report

results this week, including Apple Inc., Amazon.com Inc. and Boeing

Co. Investors will also be on the lookout for shifts in rate guidance after

the Federal Reserve’s policy decision Wednesday, while most

economists predict monetary stimulus will be stepped up by the Bank

of Japan.

European shares declined for a third day as energy and commodity

producers slid, while investors assessed growth prospects following

worse-than-expected German business-confidence data. The Stoxx

600 slipped 0.5 percent to 346.68 at the close of trading, paring earlier

declines of as much as 0.9 percent.

US and European Stocks Slide

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 -0.18%

Dow Jones -0.15%

NASDAQ -0.21%

STOXX 600 -0.51%

FTSE100 -0.78%

DAX30 -0.76%

Crude Oil -1.81%

Gold +0.83%

The local bourse closed lower on Friday as investors took profits in

mining and energy stocks. The benchmark index closed 0.69% lower

on Friday and was last quoted at 5236.4 points. However, the index

rose 1.5% during the week.

Economic Data Released Last Week:

The Chinese GDP expanded 6.7% year-on-year and the industrial

production rose 6.8% in March.

Building Permits in the US increased by 1.05 million in March, over the

1.17 million rise in the previous month. Existing home sales rose 5.33

million in March, an addition to the 5.07 million increase in sales

recorded in the previous month. Crude oil inventories rose 2.08 million

barrels last week.

The ECB kept the deposit facility rate and the interest rate unchanged

at -0.4% and 0.0% respectively.

Local Share Market Closes 1.3% Higher for the Week

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -0.69%

ALLORDS -0.70%

CBA -0.58%

BHP -3.28%

WBC +0.55%

NAB +0.44%

RSG +1.18%

CGF -1.77%

CLH -0.63%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action last week

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 %

CUP Countplus 26 Apr 2016 16 May 2016 2.00 100.00

CDM Cadence Capital 27 Apr 2016 12 May 2016 5.00 100.00

WAM WAM Capital 27 Apr 2016 13 May 2016 7.25 100.00

YTMF02 -- 27 Apr 2016 12 May 2016 85.52 0.00

BOQ Bank of Queensland 28 Apr 2016 19 May 2016 38.00 100.00

NABHA HY 3M PER Q X ST 28 Apr 2016 16 May 2016 0.00 --

SST Steamships Trading Company 28 Apr 2016 13 May 2016 13.36 0.00

MFF Magellan Flagship Fund 29 Apr 2016 20 May 2016 1.00 100.00

KNH Koon Holdings 04 May 2016 20 May 2016 0.41 0.00

AAI Alcoa 05 May 2016 25 May 2016 2.76 0.00

GSBI21 TB 5.75% 05-21 6M 05 May 2016 16 May 2016 287.50 --

HGG Henderson Group 05 May 2016 27 May 2016 14.76 0.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

ACX.asx - steaming hot SMX.asx - cooling down

Shares of international cloud and mobile

solutions provider Aconex Limited have rallied

over 200% in the past twelve months. The

company recently announced the acquisition of

Conject GmbH, a mobile collaboration service

provider in the European regions, for $97

million.

Shares of SMS Management and Technology

Limited have slid 45% year-to-date. The

company reported a 5% decline in total revenue

from ordinary activities and net profit contracted

18% for the H16 period. Cash and cash

equivalents dropped from $12.90 million to

$4.68 million for the period.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

No economic news for

Australia

US core durable goods

orders data due tonight

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTResolute Reports Successful Operations in March

Quarter

Resolute Mining Limited (ASX:RSG) announced a positive

quarterly review of its operations, as the miner strengthened its

balance sheet, lowered costs further and boosted its overall

production.

The miner improved its gross operating cash flow for the quarter

as it generated $62.4 million from its Syama and Ravenswood

mines, a substantial improvement over the $29.5 million earned in

the previous quarter. Gold shipments have increased from 68,280

ounces to 84,363 ounces.

As at 31 March 2016, Resolute recorded $90 million in cash and

bullion, an improvement on $75 million noted in previous quarter.

Click Here to Read the Full Story

LATEST UPDATE FROM WISE-OWL

Reliance Worldwide Corporation (RWC)

CODE COMPANY ANNOUNCEMENTFloat Watch: Reliance Worldwide Corporation

- IPO Report

ASX:RWC

Reliance Worldwide Corporation (“Reliance”, “the Company”) is a

multinational industrial company focused on plumbing solutions.

Reliance designs, manufactures and supplies water flow and

control products such as fittings, pipe or thermostatic products as

well as Hot Water Systems. The Company has operations in the

USA, Australia, the UK, Canada and New Zealand.

Reliance has achieved average sales growth of 13% pa for the past

ten years and is on course to generate four consecutive years of

earnings growth in FY17. The Company has a strong market

position in key markets, characterised by trademarks, long-term

customer relationships and a ‘first mover’ advantage. Scale of

existing manufacturing footprint creates high barriers to entry after

the company invested $51.8million to expand and upgrade existing

facilities.

IPO | Offer Price: $2.27 - $2.50 | Listing: 29th Apr | Rating: 3.5/5

Click Here to View Full Report

LATEST UPDATE FROM WISE-OWL

Xped Limited (XPE)

CODE COMPANY ANNOUNCEMENTInitiating Coverage: Xped Limited (XPE)

ASX:XPE

Xped Limited ("Xped", "the Company") is an Australian technology

company focused on Internet of Things ("IoT") technologies. Its

principal asset is intellectual property ("IP") surrounding the Auto

Discovery Remote Control ("ADRC") technology. Xped controls

nine patent families that support IoT applications and NFC based

tap applications. Following the successful completion of a $8million

prospectus raising, Xped listed on the Australian Securities

Exchange on 5 April 2016 via a reverse takeover of Raya Group

Limited.

Xped's technology is currently undergoing commercial trials as the

company is engaging prospective industrial customers. Progression

into licensing agreements can generate near term revenue and

provide a major validation signal.

Ready to Serve the 'Internet of Things' Market | Last Price:

$0.043

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

We see value in 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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