Trader's Edge Daily Note – Monday, 14 March

Trader’s Edge Daily Note – Monday, 14 March 2016 Global Markets *Iress Australian Companies Traded in the U.S. *Iress Market Wrap The Australian share market enjoyed some afternoon buying on Friday. After a weaker start, where the ASX200 was down 32 points at 11:40am AEST, buying kicked into gear after lunch. At the close the ASX200 recorded a 16.32 point (+0.32%) gain, to 5166.39. On this occasion it was banking and energy stocks which led the charge higher. Asian shares were also higher, shrugging off global losses logged after the European Central Bank suggested it was running out of room to cut interest rates even if other stimulus options remained. Japan’s Nikkei 225 index began lower, and strengthened in afternoon trading, closing up 0.51%. The Hang Seng (+1.08%), Shanghai Composite Index (+0.20%) and Straits Times Index (+0.70%) all recorded gains ahead of the weekend. Markets went on a wild ride after ECB chief Mario Draghi suggested there were limits to negative rate policy. Banking stocks helped lift Britain’s benchmark FTSE100 index to a gain of 1.71% on Friday, reversing most of Thursday’s losses that occurred after Draghi’s comments. 1 14 March 2016 www.iinvestsecurities.com.au Trader’s Edge Other European indices posted solid gains to round out the trading week. France’s CAC40 advanced 3.27%, while the German DAX30 closed 3.51% higher. US stocks closed near yearly highs with steadying oil prices helping to stimulate buying across equity markets, while providing a little stability for financial markets in general. The Dow Jones Industrial Average climbed 218,18 points (+1.28%), the broad-based S&P500 rose 1.64%, and the tech-rich Nasdaq Composite Index surged 1.85%. The Australian market looks set to begin the week higher after the Dow and S&P500 both recorded their highest close since January 4. March share price index futures contracts are 42 points higher at 5222. Globally it is a quiet day on the economic announcement front, while closer to home the Reserve Bank of Australia is due to release credit and debit card lending figures for January. *Iress – 14.3.16 2 14 March 2016 www.iinvestsecurities.com.au Trader’s Edge Companies in the Press Avita Medical: Avita Medical has struck a deal with China's largest healthcare group to distribute its "spray on skin" products for the treatment of burns, other wounds and skin defects. BHP Billiton / Fortescue Metals / Rio Tinto: The price of iron is hanging on above the $US57 mark despite falling 83 US cents to $US57.09. Flight Centre: The competition watchdog has been granted leave to appeal the Federal Court's decision to overturn a ruling against Flight Centre. Macquarie Group: Macquarie Bank has had additional conditions imposed on the licence that allows it to provide financial services after the corporate watchdog found it had mishandled clients' money. Myer: Solid sales growth at Myer over the Christmas period is not expected to reverse the department chain's long run of sliding profit. Origin Energy / Santos: Oil prices have surged, with WTI crude up 1.17 per cent, or 66 US cents, at $US38.50, while Brent crude is up 0.85 per cent, or 34 US cents, at $40.39. Sedgman / Cimic: CIMIC is set to complete its $243 million takeover of Sedgman after taking its holding in the mining services group past 90 per cent. Tabcorp: Tabcorp has extended its sponsorship of the Victoria Racing Club and the Melbourne Cup carnival for another eight years. (AAP) 3 14 March 2016 www.iinvestsecurities.com.au Trader’s Edge By the Numbers *Data Source – Iress. *Trend based on simple moving average crossover (50,200). I.e. Upward trend = 50 period MA > 200 period MA 4 14 March 2016 www.iinvestsecurities.com.au Trader’s Edge Economic Calendar *www.fxstreet.com 5 14 March 2016 www.iinvestsecurities.com.au Trader’s Edge Disclaimer: The information provided is for general information only, it does not take into account your particular investment objectives, financial situation or needs. Prior to taking any action or making any investment decision based on the information contained in this email, you should gain professional advice. Any opinion or forecast or recommendations reflect the information, assumptions and judgment as at the time of writing and may later change without notice. iInvest Securities is not responsible for updating any information, advice or opinion in this communication or for correcting or supplementing any information, advice or opinion in this communication for any error, omission or misstatement which may become apparent after its release. Disclosure iInvest Securities, its related companies and directors and employees might have a relevant interest in some securities mentioned but those holdings are not material unless disclosed in this communication. These holdings (or absence of holdings) may change at any time after publication of this communication, without notice. iInvest Securities, its related companies and employees, directors and consultants may earn income, fees, brokerage or commissions or other benefits as a result of recommendations, dealing or transactions in the securities mentioned in this communication. These interests do not influence iInvest Securities in giving the advice contained in this communication. The directors, employees, consultants of iInvest Securities or of its related companies may trade in these financial products in a manner that is contrary to the recommendations given in this communication. Confidentiality This information is private and intended only for the particular person to whom it is sent. It remains confidential however it is distributed and it and any part of its advice are not to be communicated or disclosed to any other person without the written consent of iInvest Securities. 6 14 March 2016 www.iinvestsecurities.com.au .

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