federal budget

Federal budget held few demons for small-cap stocks

Robert Frost

The May federal budget was largely considered a benign event for equity markets, and indeed the broader economy. This was understandable given the unusual circumstance of a federal election immediately following the budget and the government not willing to impose any tough new fiscal measures on the electorate so soon... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market delivered the fifth straight positive day as US markets gave a solid sentiment on oil price bounce. The market opened up around 1.5% higher before giving up two-third the gains as the optimism waned on stretched multiples. The market was trading at 12 year high forward multiple when... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market managed to finish in the black on the back of the banks despite resource stocks getting smacked as all commodities fell overnight. All the commodities were down and the safety play pushed up USD. Banks are holding our market in the black on yield trade as the market... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market managed to finish in the black after the bank sector flip flopped between positive and negative. Iron Ore continues to fall while Oil saw support from signs of long term exploration expenditure reduction and Canadian wildfire. Commodities are under risk after China trade data shows weakness and Shanghai... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market finished slightly in the black after flip flopping all day. The commodities were stable overnight, but have started to show weakness as Chinese markets are down 3%. AUDUSD is now below 74 cents and RBA data points to more rate cuts coming. The economy is weak despite the... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market showed some strength today to finish slightly in the black despite negative global lead and weaker commodities. Commodities are in for a double hit as the Chinese government takes away the sugar hit that boosted Q1 growth while also squeezing the speculators out of the commodity market. The... Show More