Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market started negative again and then muscled its way back to positive territory with Energy sector leading the way after STO announced a rejected take-over bid. But at the end of the day CBA followed WBC lead and put up variable rates by 15bps. Bubble or not, everyone agrees that the property market will have a correction when the rates go up. RBA is not going to cut rates unless things deteriorate substantially while the banks putting up property loan interest rates and maintaining savings rate should be exactly what RBA wants. Canada overnight kept their rates at 0.5% while cutting growth rates down to 1% in 2015, 2% in 2016 and 2.5% in 2017. Australia is very similar in many ways to Canada and it would be naïve to think that we won’t see downgrades to our growth outlook in mid-year budget update in December. US existing home sales and jobless as well as ECB get together updates tonight will keep markets entertained. (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.