Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market popped on the open with global market optimism and then profit taking in banks and weak China data took the market down before recovering banks pushed up the market in the last few hours. The global markets are running on stimulus while multiples are stretched beyond historical levels…but bond yields are going lower and lower every day and stretched levels may the new norm. We had solid commodity performance and that helped to booth energy and metals & mining sectors as the best performers while banks were the flip floppers that moved the market between positive and negative territory. China data dump today was weak and market is looking at more stimulus coming in the short term. The China media front running articles point to rate cut as similar to 2015 to boost credit and spending....…. (VIEW LINK)


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 30 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