Sunset Strip (Afternoon Report) | Aussie market jumped up on positive global lead and then fell back on local macro worries with Housing finance and Job Ads...

Sunset Strip (Afternoon Report) | Aussie market jumped up on positive global lead and then fell back on local macro worries with Housing finance and Job Ads data. US and Japanese data were solid over the break while Chinese inflation data gave enough room for stimulus hope. The low turnover and the ease the market gave up the positive start shows the lack of market sentiment in local economy post budget. Aussie market closed up 0.10% while turnover was just above $3.9b. (VIEW LINK)