Sunset Strip (Afternoon Report) - Aussie market started negative with Iron ore below $100 and then recovered on RBA comments

Mathan Somasundaram

Deep Data Analytics

Sunset Strip (Afternoon Report) - Aussie market started negative with Iron ore below $100 and then recovered on RBA comments. China property bubble worries and Iron Ore dropping to $98.5 remains the risk for further resource sector pain. We continue to worry about consumer sentiment on the back of local unemployment tidal wave, rising cost of living pressures and budget uncertainties while global risks continue to rise in China and Europe with markets hoping for stimulus from both regions. Equities is the only game in town and Yield is the only thematic that needs attention given the low interest rate environment well into 2015. (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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