wow

Alex Pollak

This is happening - just not in America. A syndicate of Chinese investors has raised US$240m in first round funding for a US$1.1b car factory in Nanjing, China, and is launching a US$45k, 500 kilometre-range electric, autonomous vehicle for mass production in 2019 (in China) and 2020 (in the US... Show More

Mathan Somasundaram

Market ran up for the first half of the day on better risk appetite and stronger currency before spending the second half trading sideways. The data continues to support US Fed rate hike while US Fed commentary remains mixed between slightly hawkish to slight dovish. The US reporting season had... Show More

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

Mathan Somasundaram

Aussie market started flat and finished flat with banks covering the fall in miners and staples. The market was aimless and lacked any sentiment as everyone was waiting for FOMC meeting to let out the dogs of war. In all possibilities, US Fed will either hike rates or have to... Show More

Mathan Somasundaram

Aussie market started very negative before recovering over 1% from the lows with better commodities and China property data. The currency also saw some strength to push back above 69 cents while overall commodity cycle remains negative leading into the Chinese New Year. The recent corrections in global markets are... Show More

Mathan Somasundaram

Aussie market moved up hard as global investors jumped back on the large cap stocks with risk to falling currency subsiding. RBA staying on the sidelines on the rate cut cycle with China slowdown being negated by the US Fed remaining on the long path to interest rate normalisation. Market... Show More

Mathan Somasundaram

Aussie market took ran into another profit taking from global investors as the currency risk turned up again. AUDUSD is holding up like the All Black forward pack despite everything looking negative. RBA has now resorted to telling the market to not trust the forecasts in order to drive uncertainty... Show More

Mathan Somasundaram

Aussie market took profit after 5 straight positive days with growth downgrade and falling consumer sentiment pushing global investors on currency worries. US Fed stuck to their boring time table and did not make any statements after their unscheduled meeting. Nothing in life is certain, but the December US rate... Show More

Mathan Somasundaram

Aussie market went against the pre-market SPI and delivered 5th straight positive day with Staples, Banks and Telstra leading the way. Market is up 5.3% in five days with yield, currency and M&A stocks predominantly leading the fight back. US Fed is trying to organise an unscheduled meeting tonight (confirmed... Show More

Mathan Somasundaram

Aussie market had a big bounce from the fair value level (i.e. 5000) in line with global positive sentiment overnight. China got the IMF internal tick to join the global currency war…wait, they already have done that….sorry, they now are expected to join the global reserve currency status. Only a... Show More

Mathan Somasundaram

Aussie market started very negative with global sentiment before bouncing back to recover half the day’s loss and then sliding slightly further negative as the optimism waned. History tells us that in recent terror threat have not delivered a prolonged negative sentiment. We expect the current event to follow the... Show More

Mathan Somasundaram

Aussie market was taken down today by WOW and NAB with a bit of overseas investor selling thrown in the mix. WOW result was expected to be bad and it was very bad. WOW around $24-25 remains a good long term yield buy idea on the restructure play. We have... Show More

Mathan Somasundaram

Aussie market maintained the global market optimism and delivered a solid up day. The market is getting positive on US Fed and Banking sector. Market expectations are now 30% for a December move by US Fed and the rest pointing even further out while domestic banks are seeing support since... Show More

Mathan Somasundaram

Aussie market got hammered at the open and then traded sideway for the rest of the day. The market ran into a few things today: (1) Greece deal uncertainties (2) Rising bond yields (3) US data putting pressure on rate rise outlook (4) Option expiry (5) tax loss selling (6)... Show More