Sunset Strip > Australian Market Trading Day Wrap

Mathan Somasundaram

1. The positive momentum ran into profit taking after strong China inflation data despite strong commodity prices. 2. The potential US Fed update risk tonight or the issues with US cabinet issues may have spooked the market after strong China inflation data. 3. US futures moved negative at lunch and dragged most of the Asian markets down. 4. US Fed updates are going to come thick and fast for the next month (1) Chair Janet Yellen to deliver Semi-annual Monetary Policy Report to the Congress tonight and tomorrow night (2) Minutes from last month’s FOMC meeting will be released on the 22nd (3) FOMC’s next meeting on 14/15th March 5. Mexico is talking about moving their food purchases from US to Brazil and Argentina in retaliation to border tax and wall issues. (VIEW LINK)


Mathan Somasundaram

2017 - Now > Blue Ocean (AUS) > Market Portfolio Strategist 2012 - 2017> Baillieu Holst (AUS) > Head of Strategy, Quant and Data Analytics 2009 - 2012 > Bell Potter / Southern Cross (AUS) > Head of Quant and Data Analytics 2007 - 2009 > LIM...

Expertise

No areas of expertise

Comments

Please sign in to comment on this wire.