icq

Mathan Somasundaram

Aussie market had a choppy positive day as global markets wait for Bank of England to show their hands after ABS delivered another set of dodgy employment numbers. The global markets are waiting for BOE to cut rates and show signal for more stimulus and potential QE program later this... Show More

Mathan Somasundaram

Aussie market started with a rocket on the back of health care sector in the first hour and then went sideways for the rest of the day. Even if it’s not window dressing for the end of quarter and end of financial year, the bounce in the market form the... Show More

Mathan Somasundaram

Aussie market was once again volatile before finishing slightly positive on another day with very little sentiment and news flow ahead of the Brexit vote. The Brexit vote is in play now…but we won’t know the result till after lunch tomorrow…if it’s close….then we won’t know the result till the... Show More

Mathan Somasundaram

Aussie market opened positive on US Fed backflip to keep rates lower for longer and then capitulated into a mess to close flat on Brexit worries. US Fed backflip, Brexit worry for ECB, clueless BOJ and “dumb and dumber” domestic election cycle have now driven the Aussie bond yields as... Show More

Mathan Somasundaram

Aussie market started positive with global sentiment before falling apart and then recovering some of the losses at the close. US Fed and RBA on the sidelines will put ECB in focus as Super Mario speaks tonight. This will take an extra dimension as the Brexit vote is in play.... Show More

Mathan Somasundaram

Aussie market was hammered again as winter selling season hits the market with third straight negative day. We have not seen three consecutive negative days since late March. Local eco data out today…trade data was better than expected while retail sales were below expectations. Trade data was expected to be... Show More

Mathan Somasundaram

Aussie market jumped up on the open on global sentiment and then gave it up and more to be in the red before making the grind back to slight positive day by the close. The Aussie market is running out of juice as it gets close to 5400. Similar to... Show More

Mathan Somasundaram

Aussie market was hammered due to strengthening USD after US Fed minutes pointed to rate rise cycle. The rising USD took down commodity prices and currencies everywhere. Resources were the most beaten up today and that may last a few more weeks as every US data confirming potential rate rise... Show More

Mathan Somasundaram

Aussie market ran out of puff after Westpac went ex div to deliver a slight negative day. The market opened up quite negative followed by a mid-day short recovery before trending slightly higher from the lows through the day. US market remains in a precarious position with growth outlook and... Show More

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

Mathan Somasundaram

Aussie market started strong and finished stronger on the back of commodity strength with banks joining the up run. We remain positive on the banks while we remain cautious on the recent leg of the commodity run. The trend is very similar to last year as the seasonality effect and... Show More

Mathan Somasundaram

Aussie market had a very negative day with US rate hike risk, falling currency, falling commodities and bank bad debt worries. Falling commodities, falling currency and US rate hike were the initial negatives, but the bears were running amuck as ANZ and WBC unleashed bad debt worries. We have been... Show More

Mathan Somasundaram

Aussie market started positive and ran hard with all parts of the market moving up before pulling back to close a solid positive day post US Fed turning dovish. US Fed completely gave up the game to Wall Street and pulled back rate rise outlook to 2 from 4. Markets... Show More

Mathan Somasundaram

Aussie market started positive on slightly positive global sentiment and Oil price while the lack of optimism going into ECB meeting tonight drove the market into slight negative close. There were a number of central banks in action in the last 24 hours. Canada left their massive rate of 0.5%... Show More

Mathan Somasundaram

Aussie market followed the global markets up again with short covering providing the extra boost. The two main sectors in banks and resources are running hard. Banks were very cheap and the GDP data turned the sentiment from recession worry to bargain hunting and yield chase. Trade deficit data that... Show More

Mathan Somasundaram

Aussie market started positive and then doubled the gains on the back of better than expected GDP data. It was all about the banks after the GDP data came out. The GDP data showed that the economy was starting on a good position in 2016 while majority of the drivers... Show More

Mathan Somasundaram

Aussie market started positive and then got hammered on bank selling before crawling back to a slight positive close. Save some gun powder as the market is likely to pull back in the first half of March unless RBA steps up and cuts interest rate proactively in March. We expect... Show More

Mathan Somasundaram

Aussie market started slightly negative and went south very quickly before halving the losses. US markets recovering to close nearly flat and solid CBA result in a tough environment offered hope for positive day but the global worry has the investors spooked. We saw the market move below long term... Show More

Mathan Somasundaram

Aussie market started volatile and positive and remained there with Banks turning the corner the day before. We see the global investor selling pressure subsided today but it is holding the market to ransom till the currency drops to mid 60’s. The recent trend suggests we are going to revisit... Show More

Mathan Somasundaram

Aussie market started with a hammering and then recovered more than half the way back after global markets set a negative trend overnight. We see the global investor selling pressure holding the market to ransom till the currency drops to mid 60’s. The recent trend suggests we are going to... Show More