Sunset Strip (Afternoon Report) | Summary: Aussie market pulled back with negative global lead and local economic worries despite positive GDP growth data

Sunset Strip (Afternoon Report) | Summary: Aussie market pulled back with negative global lead and local economic worries despite positive GDP growth data. The pain was shared in almost all the sectors. RBA followed the rest of the Central banks in keeping rates low with low global growth. This makes equities the only game in town and Yield is the only thematic that need attention. This week will see markets being dominated by substantial amount of macro data while cashed up corporates continue to look at M&A to improve growth outlook. Gold sector was the latest to join the M&A band wagon with PIR while REITs got another kicker with ALZ getting a better bid. Aussie market closed down 0.64%. Turnover just below $4.3b. (VIEW LINK)