Sunset Strip (Afternoon Report) - Aussie market started negative on budget worries and traded sideways with no global sentiment

Mathan Somasundaram

Deep Data Analytics

Sunset Strip (Afternoon Report) - Aussie market started negative on budget worries and traded sideways with no global sentiment. Ukraine continues to move from one set of dramas to another. We continue to worry about consumer sentiment on the back of local unemployment tidal wave coming with rising cost of living pressures while global risks continue to rise in China and Euro with markets expecting stimulus from both regions. Locally the budget cuts will be a big positive for Equities as corporates will be barely affected while low rates are expected to stay low for longer. Budget night tomorrow...and I will be on the road...next Sunset Strip on Wednesday 14th May. (VIEW LINK)


Mathan Somasundaram
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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