Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market maintained the positive momentum from yesterday and global market’s overnight to deliver another solid performance with all the big boys delivering. As I write this note Chiquities has fallen from +0.5% to -2.2% in a flash. China remains the great unknown and that is likely to remain the case for a while yet. We remain confident that PBOC will stabilise the markets, but will hurt growth through sentiment. US Fed delivered nothing much new and remained with the same rhetoric of saying not much while pointing to global growth issues and strong currency. The risk in the banking sector with APRA move is driving flow of money from banks to resources ahead of the results due to lack of any better risk/return/size option. (VIEW LINK)


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 30 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.

Comments

Sign In or Join Free to comment