Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive and finished even more positive on Chinese lending data despite a pullback in the middle on Japanese not moving on stimulus quickly. The Japanese are waiting to see the effects of negative rates before moving on more stimulus. China lending was on fire with New Year. Chinese consumer optimism and domestic yield trade helped the market recover. The close was even more special due to the largest stock CBA was trading ex div today. US markets will set the tone for the rest of the week. Reporting season delivers nearly 80 stocks this week while PBG, GXL, GWA and SHV were the substantial positive outperformer after the result today. …. (VIEW LINK)


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