Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Market closed negative ahead of a raft of macro data and US reporting season worries. The data continues to support US Fed rate hike while China data remains robust. The US reporting season had a good start with financials and that may continue with better rate cycle outlook. The local market is getting overly excited on the recent commodity strength while the main catalyst is simply the Chinese government stimulus. China is likely to maintain the support for the economy into mid to late 2017 to help their leadership changes. But when the Chinese fairy dust stops, we are back into low growth and lack of reform/solutions again. We are starting a big macro week....there is US, China, EU, UK, Canada and Australia to take part. Markets are likely to see how things pan out before the next leg. US markets are in potential profit taking mode and that may be a catalyst to drag the rest of the world down in the short term. Interesting moves of the day….... (VIEW LINK)


MORE ON



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...

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.