Sunset Strip (Afternoon Report) - Aussie market started negative on Iron Ore decline and then recovered some of the losses on better non mining capex outlook...

Mathan Somasundaram

Deep Data Analytics

Sunset Strip (Afternoon Report) - Aussie market started negative on Iron Ore decline and then recovered some of the losses on better non mining capex outlook and new home sales data. Banks once again held the index up while miners saw some profit taking. Market lacked any real sentiment while waiting for a number of key US data out tonight as well as potential Euro QE to set the tone. Equities remains the only game in town and Yield is the only thematic that needs attention given the low global growth and low global interest rate environment expected to last well into 2015. We turned positive in the short term on May 22nd with China data beating expectations, US data continuing to point towards sustainable recovery and domestic market pricing in low consumer sentiment and budget worries. (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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