Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market Turn-bull and recovered more than yesterday’s losses with global sentiment while US Fed meeting hovers over global financial markets. History shows that US Fed will only update on Friday, but we are hoping that they put the global markets out of their misery a day earlier. Markets are expecting that the benign inflation, failing global growth and China slowdown will force US Fed to push back any rate change. If we do get a change, the Emerging Markets will get smocked and the flow on effects will hurt Australia as a commodity country. The big stock specific news was from small cap biotech BNO who reported positive data from BNC210 clinical trial and saw the stock pop up 12%....more to come for this stock as analyst upgrade. Media stocks and GNC were generally up again on M&A chatter with new government leadership expected to be more media friendly going into an election cycle and market expecting a Treasurer change. (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.

Comments

Sign In or Join Free to comment