Sunset Strip | Aussie market bounced back with global lead while ignoring US Q1 issues and Middle East worries
Sunset Strip | Aussie market bounced back with global lead while ignoring US Q1 issues and Middle East worries. Aussie market was up 1.15% with turnover was just below $4.8b. Market showing signs of getting positive with financial year end only a few days away. We are beginning to see more strategist and economist coming to our view that unemployment will hit 6.5%, consumer sentiment recovery will be delayed and any chance of rate rise is now in the second half of 2015. Mineral Sands stock MDL jumped 17% on the news that ILU was looking over Kenmare Resources (UK listed) on a potential takeover. We are getting more comfortable with resources as China shows signs of recovery. We prefer to get the exposure through the big miners and have recently added ILU (Mineral Sands) and NCM (Gold) to our quant strategy model portfolio. (VIEW LINK)
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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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