global investor selloff

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 delivered another positive day despite global investors selling on currency and market strength. The low turnover day like today was caught between optimistic local investor and pessimistic global investor. The last 3 years of daily returns will tell you that there is less than 3% probability of getting... Show More

Mathan Somasundaram

Aussie market started negative on global sentiment and then ran into global investor selling after employment data directly from the “Never Never Land”. ABS announced that Australia created over 70,000 new jobs while consensus expectations were for a loss of 10,000 jobs. The market is going to remain volatile till... Show More