Sunset Strip | Aussie market bounced back up against the global trend with Iron Ore recovery, China reducing bank borrowing costs, currency recovering and...

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market bounced back up against the global trend with Iron Ore recovery, China reducing bank borrowing costs, currency recovering and banking sector downplaying loan restrictions. RBA tried in vain to talk down the currency and the market today....rate cut anyone!!! We remain negative on the domestic economy and expect local / global interest rates to remain low atleast till 2015Q3. We also expect global investors to return to our market with currency stabilising in the short term. We continue to see risk to commodity prices and expect the new equilibrium levels to put pressure on the margins of the high cost producers and the mining services sector. The continued global growth worries will move the flow of funds to the Australian equities with falling bond yield outlook. OPEC maintaining supply and lower growth outlook keeps Oil prices at very low levels despite geopolitical risks...may be to make Shale look expensive...either way the energy stocks are under pressure.Trading idea of the day: CarSales.com (CRZ). Tuesday's Retail Therapy Pick: Woolworths (WOW). (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...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.