US markets drop

ASX Futures volatile

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U.S. stocks fell, with the Standard & Poor’s 500 Index reaching at 21-

month low, following a renewed selloff across stocks worldwide as

scepticism about the strength of the global economy intensified.

The Standard & Poor’s 500 Index fell 1.2 percent to 1,859.43 at 4 p.m.

in New York, closing at its lowest level since April 2014. The gauge

trimmed a slide of more than 3.6 percent.

About $2.2 trillion has been wiped off the value of U.S. stocks this year

through yesterday, with the S&P 500 down 8 percent.

European stocks slid to a 15-month low as falling oil prices and results

from companies including Zurich Insurance Group AG and Royal Dutch

Shell Plc exacerbated investor concern about global growth. The Stoxx

600 erased Tuesday’s rebound, tumbling 3.2 percent to 322.29 at the

close of trading.

US and European Equities Deeper into the Red

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 -1.17%

Dow Jones -1.56%

NASDAQ -0.12%

STOXX 600 -3.20%

FTSE100 -3.46%

DAX30 -2.82%

Crude Oil -6.71%

Gold +1.35%

The local share market slumped to the lowest closing level in two and a

half years.

The benchmark index gave up 1.3 percent to 4842 at yesterday’s

close. Sectors had a mixed performance as Energy, Materials and

Financials declined substantially, while Staples and

Telecommunications added 0.8 percent and 0.4 percent respectively.

Meanwhile, WTI crude fell as much as 3.2% to reach a fresh 12 year

low at $US 27.55 in Asian trade. The falls came after the International

Energy Agency warned that the oil market could “drown in oversupply”,

especially after the sanctions were lifted against Iran.

All the big four banks finished in the red while ANZ dropped 4.4 percent

on speculation that it could cut its dividends for the second half of the

year.

According to Westpac’s consumer sentiment report, the consumer

confidence dropped 3.5% in January, led by renewed concerns over

China’s slowing economy and volatility in financial markets.

ASX Reaches a Two-and-Half Year Low

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -1.26%

ALLORDS -1.17%

CBA -2.00%

BHP -3.53%

WBC -3.59%

NAB -1.07%

CHC +0.46%

BKY +0.00%

BPF +4.26%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

UPCOMING ANNOUNCEMENTS

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

What’s coming up?

DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT

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

28/01/2016 SFR SANDFIRE RESOURCES NL Sandfire Resources 2015 December quarterly update

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

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

18/02/2016 EVN EVOLUTION MINING LIMITED Evolution Mining FY16 Half Year Financial Results

18/02/2016 MOC MORTGAGE CHOICE LIMITEDMortgage Choice Interim Financial Results

Presentation

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

19/02/2016 FXJ FAIRFAX MEDIA LIMITED Fairfax Media Half Year Results

22/02/2016 BSL BLUESCOPE STEEL LIMITED Bluescope Steel 2016 Half Year Results

24/02/2016 AWE AWE LIMITED AWE Limited Half Year Results

24/02/2016 PGH PACT GROUP HOLDINGS LTD Pact Group Holdings Half Year 2016 Results

25/02/2016 MQA MACQUARIE ATLAS ROADS GROUP Macquarie Atlas Roads Full Year Results 2016

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 %

TWR Tower 18 Jan 2016 03 Feb 2016 6.01 0.00

CUP Countplus 19 Jan 2016 15 Feb 2016 2.00 100.00

YCNPA -- 19 Jan 2016 29 Jan 2016 0.00 0.00

MHI Merchant House International 20 Jan 2016 29 Jan 2016 0.50 0.00

NABHA HY 3M PER Q X ST 27 Jan 2016 15 Feb 2016 87.46 --

ACL Alchemia 01 Feb 2016 24 Feb 2016 9.30 0.00

GSBC17 TB 6.00% 02-17 6M 03 Feb 2016 15 Feb 2016 300.00 --

GSIC22 TIB +1.25% 02-22 3M 10 Feb 2016 22 Feb 2016 33.83 --

GSIO20 TIB +4.00% 08-20 3M 10 Feb 2016 22 Feb 2016 163.41 --

GSIO35 TIB +2.00% 08-35 3M 10 Feb 2016 22 Feb 2016 52.71 --

GSIO40 TIB +1.25% 08-40 3M 10 Feb 2016 22 Feb 2016 31.62 --

GSIU18 TIB +1.00% 11-18 3M 10 Feb 2016 22 Feb 2016 26.05 --

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

LNK.asx - steaming hot ANZ.asx - cooling down

Link Administration Holdings is an Australian

financial services firm which listed on the ASX

in November 2015. The company provides

services to top superannuation funds of

Australia and has been generating earnings

growth for the last 13 years. The stock has

gained more than 42% since its listing.

Shares of the banking giant Australian and New

Zealand Banking Group reached a three-and-

half year low yesterday. ANZ closed 4.4% lower

on speculation that the bank might cut its

dividend for 2H16. Moreover, the bank is

currently tackling allegations by two former

traders who were sacked for breaching the

bank policies.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

Australian new home

sales data for November

to be released at 11:00

AM (AEDT)

European interest rate

decision due at 11:45 PM

(AEDT)

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTRIO Tinto Releases Solid Fourth Quarter

Production Results

BHP Billiton (ASX:BHP) released the results of its operational

review for the half year ended 31 December 2015.

The international miner increased US$300 million to US$ 450

million worth additional charges to its underlying attributable profit

for the half year ended December 2015.

The company’s Chief Executive Officer, Andrew Mackenzie

commented on the review: “Our operated assets continued to

perform well over the last six months. The strong performance of

our conventional petroleum assets has offset lower shale volumes

following a reduction in investment to preserve the value of our

acreage in current market conditions.”

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

completes-operational-review-will-reduce-iron-ore-production

LATEST UPDATE FROM WISE-OWL

Woolworths Limited (WOW)

CODE COMPANY ANNOUNCEMENTDividend Portfolio: Woolworths Limited (WOW)

- BUY

ASX:WOW

Woolworths Limited ("Woolworths, the Company") is an Australian

diversified retail company that owns the Woolworths supermarket

chain and other franchises with exposure to Food & Liquor, Petrol,

Hotels, Merchandise and Home Improvement. Woolworths operates in

Australia and New Zealand and owns major brands such as BigW,

Beer Wine Spirits (BWS) or Dan Murphy's. The Company was

founded in 1924 and listed on the ASX in 1993.

Woolworths has a long-lasting history of delivering shareholder valueand sustainable growth. Whilst 2016 earnings are expected to be ~25-30% below the previous corresponding period, increased investmentinitiatives have the potential to yield long-term economic benefits.

Last Price: $23.45 | Target: $26.50 | Yield: 5.5% | Outlook: 12m+ Click Here for the 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

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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