Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market started negative and then muscled its way back to positive with Resources leading the charge. It felt like someone was undoing yesterday’s performance…sector by sector…or am I getting that “Back to the Future” feeling on Oct 21st 2015. The market now pricing in US rate rise pushed back, US reporting season holding up and China delivering positive growth plan next week. China is expected to deliver their 5 year growth plan next week (26-29th Oct) and we remain of the view that they will move further to stabilise the growth and set a gradual path to lower sustainable growth via cut to reserve ratio, yuan devaluation and targeted stimulus packages. Tomorrow we have job data out domestically and tonight Canada’s rate policy update tonight and Ben B talks global interest rates…that should be riveting. Keep an eye on the small caps….Small Ords has been positive for the past 5 out of the 6 days. (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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