Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market ran into overnight global selloff and gave up pretty much all of yesterday’s gains after four straight positive days. Chinese equities continue to be very volatile and show signs of potential asset bubble risk like their property sector. The two key worries in the market are US interest rates rising and Greece default. The reality is that US Fed was the first to start the currency war and despite all the smoke and mirrors, will only turn the tap off very slowly over time. The big chill for the market is based on the fear that rates are going to rise at a solid pace, but the reality is that US Fed may be running out of excuses for not raising rates and yet they will come up with plenty of excuses to take 3-5 years to normalise rates. Greece default on the other hand is not in the short term interest of the Greeks or EU and thus the game theory suggests that we will have a deal in the end. (VIEW LINK)

Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment