Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market popped up on strong commodities and then gave it all back before making a slight recovery on resources and utilities. The main sectors driving the market higher today were resources and utilities. DUE carried the utilities sector higher as market fell in love with over 7% yield on a defensive stock after the result. The weakness in USD after US Fed minutes showed that there is no appetite for higher interest rates in Sep despite jawboning Fed presidents. Interesting moves of the day…....…. (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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