Sunset Strip (Afternoon Report) | Aussie market opened positive on China data hope and extended it before giving up post lunch gains

Mathan Somasundaram

Deep Data Analytics

Sunset Strip (Afternoon Report) | Aussie market opened positive on China data hope and extended it before giving up post lunch gains. Aussie market was up 0.62% while turnover was just below $4.4b. China flash PMI was finally above 50 while Iron Ore is holding above $92. We remain cautious on the market in the short term due to risk outweighing return till the end of June. We are beginning to see more strategist and economist coming to our view that unemployment will hit 6.5%, consumer sentiment recovery will be delayed and any chance of rate rise is now in the second half of 2015. Monday's Macro Stock Pick: Flight Centre (FLT) - Rating: Quant Buy - Quant Price Target: $55. (VIEW LINK)


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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...

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