Sunset Strip | Aussie Afternoon Institutional Market Wrap
Aussie market started very negative before recovering over 1% from the lows with better commodities and China property data. The currency also saw some strength to push back above 69 cents while overall commodity cycle remains negative leading into the Chinese New Year. The recent corrections in global markets are being driven by China’s move to devaluate the Yuan to recover manufacturing from US, Japan and Germany. Time will tell if this correction has run its course but trend suggests there is more to go. US markets are closed tonight for the Martin Luther King holiday and the markets are bouncing off the lows as Shanghai Composite remains in the positive territory for now. The two big turnaround sectors ideas at the end of 2015 were Gold and Staples. Gold sector remains a key safety play with falling currency, good production and solid margins deliver strength into the reporting season. Staples were an oversold restructure play and today we had WOW decide to move away from Masters while WES are taking Bunnings into UK and Ireland. Notable moves were… (VIEW LINK)
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...