ASX:SSM

Mathan Somasundaram

Local market had a slide after flip flopping early in the day. Commodities bounce helped the miners after US Fed, ECB and BOE moved dovish. UK recovery in wages growth and historically low unemployment helps support the economy despite the high inflation and low currency. Show More

Mathan Somasundaram

Local market climbed out of US weak sentiment to deliver a positive day on the back of better commodities and China data. US data out tonight will deliver more clarity on the US Fed outlook while underwhelming US reporting season needs to maintain the pace to support the market multiples.... Show More

Mathan Somasundaram

Local market finished negative with Asian markets as the bank ratings downgrade hit home despite positive US markets. The best performing sectors were Retail, Information Technology and Materials while the worst performers were Gold, Property Trusts and Energy. AUDUSD fell below 76 cents on bank downgrade but weaker USD has... Show More

Mathan Somasundaram

Local market finished positive after a volatile day with positive global overnight sentiment with Oil bounce. The best performers were Industrials, Metals & Miners and Retail while Banks, Gold and Utilities were the worst performers. NAB and MQG traded ex div today….WBC goes ex div on Thursday. Oil... Show More

Mathan Somasundaram

Local market fell from the start and stayed down as commodities slide started to weigh on markets. Yen trade continues to hammer the Japanese markets…but the global investor flow out of Japan to Aussie banks are beginning to slow down. It is the last day of trading before we go... Show More

Mathan Somasundaram

Local market closed lower as market worry on global trade kicked in after G20 did not back free trade. US Fed speeches later this week will be looked upon to set the tone for global markets…Yellen speaking as well. US leadership clears the way for trade tariffs at G20 while... Show More

Mathan Somasundaram

Local market fell on the open before recovering to finish positive again as US government passed health care changes and RBA confirmed that they are caught between a bubble and reflation. Utilities, Staples, IT and Health Care moved the market higher with support from Financials while Resources were main underperformers... Show More