Macro outlook: China stimulus and US Fed backflip to support commodities in the next 6-12 months as declining global growth drives more central banks to keep easing bias and deliver more stimulus. Growing debt and deficit problems have forced governments to deliver a low risk and low growth agenda to... Show More
Macro outlook: Despite short term stimulus reprieves, the medium to long term global market dynamics point to slowing global growth, weaker commodity prices and lower interest rates. The US Fed backflip has delivered another short term relief for commodity prices while longer term inflation pressures will force the USD higher.... Show More
Aussie market started negative on Grexit and Chiquities scare and then climbed the wall of worry to a positive day before collapsing under profit taking pressure at the close. Grexit risk is now a non-event. For the global markets, the key worry is that if EU offers a good deal... Show More
Aussie market delivered a positive day inline with global sentiment despite Grexit and Chiquities hanging over the markets. Greece has delivered a deal and we should hear tonight if that is anything to be positive about. EU then has to decide if this ends in a Greek tragedy by Sunday.... Show More
Aussie market climbed the wall of worry to deliver a flat day despite Grexit and Chiquities continue to hang over the global markets like a bad smell. Greece needs to come up with new plans by tonight their time and then EU has to decide if this ends in a... Show More
Aussie market gave up all of yesterday’s big bounce after running into a brick wall of worry with Grexit and Chiquities. Greece has been given till Thursday to come up with new plans and EU to decide if this ends in a Greek tragedy on Sunday. There is a very... Show More
Aussie market went positive and really squeezed the shorts to cover and ramp up a big positive day. Greece is making all the right moves to get a deal done after the referendum, but we have all seen this before and global markets will not move much till they see... Show More
Aussie market got hammered at the open after the Greece vote and then recovered slightly as Chinese equities started to show some stability. The recent news out of Grexit is that the Finance minister has walked to allow the next stage of negotiations. We still remain of the view that... Show More
Aussie market delivered a strong negative day on solid $5.5b turnover after mixed global sentiment. The US data continues to suggest that the rate rise in US will be delayed to Sep as we have been assuming. The RBA board and ASIC seems to be on the same page as... Show More
Aussie market finished positive on the back of commodity price recovery and M&A optimism. We saw Shell move on BG and FedEx move on TNT while mining & service stocks keep getting opportunistic bids (i.e. EHL turn today). Turnover was just below $4.8b. US markets finished flat overnight after starting... Show More
Large & Mid Cap Talking Points: The big positive mover into the top 30 on a multi factor basis was FLT, while FMG and CTX were the big negative movers into the bottom 30. The best 5 multi factor ideas are QAN, NCM, STO, ILU and AWC while the worst... Show More