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Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market took a break from taking a belting as the US futures turned positive during our lunch time. US Fed sat on the hands as expected while BOE expected to follow the no action camp. The macro risk of US elections has been weighing on the market. The market prefers... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market was once again taken to the cleaners as investors ran for safety ahead of the US market profit taking and central bank download next week. Aussie market looks to be taking the lead and moving ahead of the US market pullback. The substantial part of the downside risk is... 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 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 started patchy with index option expiry on the open before setting up another brave climb to positive territory through the day despite no real US market sentiment overnight. Aussie market is holding to the optimism like bulldog but the wait is over….the macro deluge starts tonight. No more... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market got smacked on the open before making a slight recovery through the day. Investors were rushing to the door before the ECB update and US jobless data update tonight. We also have Chinese CPI and US Fed economic forecasts tomorrow. The risk in the market means that fund... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open on “Fed Scare” and closed negative despite positive non mining domestic capex and better than expected China data. The local data was mixed with retail data disappointing while the capex data was on the positive side. China was the real positive catalyst with stimulus... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open with weak resources and banks while a mid-day recovery on supermarket short covering before falling again. The main story for the day was the Supermarkets and the outperformance in all three stocks were mainly due to short covering as the outlook remains weak and... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market popped on the open on the back of mining sector and then pretty much went sideways on a volatile day. The market saw selling in defensive yields like property, utilities, Telcos and staples while banks and miners were pushing the index into positive territory. These defensive yields are... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market popped up at the start with better oil and market sentiment and then fell away to finish with a minor positive day. We maintain our view that early August remains a weak period where profit taking is likely as the prices have run ahead of earnings as we... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell from the open for the second day in a row but this time the market has moved to profit taking mode as we have been expecting. We are in the August profit taking cycle ahead of the reporting season. All the positives are in the price while... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell from the open to break the 6 day positive streak on weak global sentiment and oil reaching bear territory while a mini bounce on another wasted rate cut at 2:30pm faded as quickly as it came. The market has had a great run since mid-June and we... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market pulled out fifth straight positive day despite weak US lead and BOJ under delivering. That’s 24 positive days out of the last 31 trading days since mid-June and also 3 straight weeks of positive return. This has been a smashing run by the market given that growth has... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market pulled out another positive day despite overall negative sentiment in Asian markets after US Fed inaction and before BOJ stimulus rain. That’s 23 positive days out of 30 trading days since mid-June. Markets are way too calm and volatility indices keep falling….bond yields fall down to 1.87%. US... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market was volatile and delivered a tiny positive with stronger commodities and rate cut supportive CPI. That’s 22 positive days out of 29 trading days since mid-June. As we have been saying for the past week, the CPI data was not going to make much of a difference to... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open but recovered through the day on the back of the yield trade ahead of the CPI data tomorrow to finish in the black. That’s 21 positive days out of 28 trading days since mid-June. The market was betting on weak CPI data to drive... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market delivered a solid positive day on the back of the banks, health care and staples while commodities risk did not take down resources as much as expected. That’s 13 positive days out of 17 trading days in July. The Aussie market was mainly driven by the rate cut... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market pulled back with global sentiment as central banks remain on sidelines after markets ran up on stimulus hope. The Aussie market today was a reverse of yesterday as miners and gold were up while just about everything else was down. Super markets were seeing some selling pressure as... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market opened positively on global sentiment and then withered away after making two attempts at staying above 5530. Aussie market today was mainly driven by the rate cut expectations. Regulatory approvals helped push AIO/QUB and MTS. SIV follows CIM in getting hammered for negative market update. The market is... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market moved up on the back of banks despite falling commodities and weak global sentiment. Aussie market today can be explained as a tale of two cycles. Despite the short term profit taking worry, we continue to remain positive on the medium to long term outlook for the equity... Show More