Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market moved up with no real conviction as the world waits for US Fed, PBOC and BOJ. US Fed interest rate cycle continues to divide opinions. Chinese leadership are now talking partial privatisation of SOE (i.e. State Owned Enterprises). This will improve efficiency and growth but also deliver higher unemployment. Shangbang is down over 3% and that does not make you feel safe. Japan is once again showing signs of weakness and we are not far from more stimulus to keep the show going. Domestically we now have Malcolm Turnbull challenging Tony Abbott for the PM role. The government came to power due to Labor leadership changes and dysfunctionality. Now in two years there have been two spills in the government while Malcolm has just buried any chance of Tony Abbott’s election credibility. For the sake of the country, we need to move forwards. (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...

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