Mathan Somasundaram

Market closed mainly flat on a very volatile and choppy day. Aussie market turned out a negative weekly return to break a three straight positive weekly run. Higher oil prices and better inflation outlook from China should help market sentiment, but the markets are concerned about US tonight. We have US Fed chair speaking, then 3 big US banks reporting and finally US retail data update. Utilities and Industrials were the best performers while Metals & Miners were the worst. Interesting moves of the day….... (VIEW LINK)



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