IMF

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market took some punishment today ahead of the US Fed update. The macro risk of US Fed and BOE update before US elections have been weighing on the market. Small caps are down over 10% from the highs while large caps are down over 5%. The recent extra pain in... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market closed mainly flat on a very volatile and choppy day. Aussie market turned out a negative weekly return to break a three straight positive weekly run. Higher oil prices and better inflation outlook from China should help market sentiment, but the markets are concerned about US tonight. We have... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market closed slightly positive on a volatile choppy day. We have a few Fed speeches to come tomorrow while the last one calmed the market on rate rise speed. FOMC minutes to come out tomorrow night while US reporting season also kicks off tonight with Alcoa. US market likely to... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market opened positive and then sold down gradually to finish slightly positive. Our market was waiting to see the global reaction before moving positive. The US Fed move is now firmly in Dec. The US election worries are also subsiding as Republican candidate’s debate performance was not seen by either... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market fell on the open with uncertain central bank outlook before trading sideways and choppy for the rest of the day. US job data tonight will be key catalyst short term. We remain of the view that we should see some economic weakness into the election while US Fed will... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market kept the positive global momentum going all day. US jobless tonight and non-farm payroll tomorrow will be key catalysts to market’s perception of US Fed rate outlook. We remain of the view that we should see some weakness into the election while US Fed will continue to move towards... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market fell on the open with global markets and then made a slight recovery before trading sideways for most of the second half of the day. We see the worries are overblown and the market will work through these short term panic selloffs. Despite the panic today, the local market... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market started negative before staging a big recovery to positive territory was deflated by the RBA non-action in the afternoon. RBA was never going to cut rates today and the market is back looking at quality value yields. The local market is now eyeing 3rd straight positive week and we... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market fell on the open with Euro bank worries before making a decent recovery to halve the losses for the day. The market delivered second positive week to finish the month/quarter after five consecutive weeks of negative returns. DB was leading the Euro trash worries and this was not the... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market popped high on the open with OPEC deal optimism and then kept climbing to deliver a solid positive day. There might be a bit of end of month/quarter window dressing going through as well….with some of the market running off to the long weekend. Interesting moves of the day….... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market popped high on the open before falling back to flat territory and trading sideways with lack of any real sentiment in any direction. The central bank worries are on the sidelines. US presidential debate worries have passed for now. RBA and US Fed speeches coming thick and fast,... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open in line with US markets before recovering on the Democratic debate win to halve the loss for the day. As with any political polarising debates, this will be analysed with a substantial spin cycle while the equity markets, currency markets and the betting agencies... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market outperformed expectations to deliver a flat day when the rest of the world was stuck in negative sentiment. Aussie market has now delivered five straight positive days…eight positive days out of the last nine. The central banks have now removed themselves from the risk category while the US... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market ripped out another top performance as the positive sentiment builds steam. Aussie market has now delivered the first positive week after five negative weeks. The central banks have confirmed that they are going to remain in current state and play currency war. The market will return to yield... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market had a solid day up after a bit of volatility in the first hour as central bank worries wane after BOJ update. Aussie market is holding to the optimism like bulldog and the wait will be over tomorrow morning….the central bank deluge is nearly coming to an end…US... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started in a rush to push through all the trades from yesterday in the open before settling into an up and down day to finish slightly positive and no real sentiment ahead of BOJ and US Fed. Aussie market is holding to the optimism like bulldog but the... Show More