chiquities

Mathan Somasundaram

Aussie market opened substantially negative with global markets before recovering to close slightly negative after touching positive territory for a very short time. The US and Euro markets had the expected dummy spit overnight mainly on the devaluation of Yuan. This was all about the Chinese returning the favour to... Show More

Mathan Somasundaram

Aussie market maintains the negative mode as it remains under the global investor selling pressure with currency getting down below 71 cents before bouncing. During the holiday period, the lack of buying support from insto land means that any selling pressure from the global investors looking to reduce market exposure... Show More

Mathan Somasundaram

Aussie market surprised everyone with a short covering recovery to finish on a strong positive despite the early morning selloff. The global unknown is the growth rate of the Chinese economy. Global sentiment improved today as PBOC tried to calm markets down confirming their growth outlook views while leaving the... Show More

Mathan Somasundaram

Aussie market got another day of working over by global investors getting out for currency worries. Aussie market is caught between global investor selling on currency worry and local investors buying for better yield. China growth worries will drive Yuan further down and that will hit Asian/Commodity countries. We are... Show More