Greece Heading for a "Showdown" ... | IMF Cuts Global Growth Forecasts | Iron Ore Rallies |
Niv Dagan
Peak Asset Management
Good morning, And Happy Friday…. Global stocks rebounded last night as iron ore jumped 10% and Chinese stocks rallied This is good news……. But….. iron ore fell by 10% the previous day and Chinese stocks got hit, so really, we are back to square “1” Greece is still making headlines as Sunday’s deadline looms…… A last minute resolution has now been passed to creditors……. Will Germany agree? Doubtful……. The International Monetary Fund (IMF) slashed global growth and we still see volatility next week. The good news? We see a “bottom” forming in global markets as we feel that a “Grexit”, “Chinese Rout” and “Iron Ore Falls” are all priced into equities……. So it’s nearly time to buy……… Commodities were mixed last night with Crude oil up 2.19%, Gold down 0.4% and the AUD/USD is now trading at $0.7650 The SPI is pointing to a 19 point fall this morning
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional, intermediary and offshore hedge funds. Niv takes an active approach in managing client funds and is a firm believer that adequate risk management is paramount in any good investment decision. Niv's work is largely focused on portfolio management, asset allocation, fixed income, managed funds, structured products and developing tailored strategies for the SMSF sector.
4 topics
2 stocks mentioned
Niv Dagan
Executive Director
Peak Asset Management
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...
Expertise
No areas of expertise
Niv Dagan
Executive Director
Peak Asset Management
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment