Sunset Strip | Aussie market closed positive despite indifferent global sentiment post US Fed comments

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market closed positive despite indifferent global sentiment post US Fed comments. Aussie market was slight positive 0.14% with turnover was just above $4.1b. Financial sector inquiry has left a lot more questions open than any guidance on solutions. This has spooked the market on SMSF, negative gearing, superannuation, capital gains tax and potential splitting of the retail operations of the banks. Apart from the fact that the government is not going to do anything about this report, these random thoughts from inquiries of no consequence are not helping the market sustain any positive momentum. Spot gold bounced from $1290 and if moves above $1300 again the bulls will be back. We still remain positive on spot gold in the next 6mths. Pick of the day...Southern Cross Media (SXL)...we see it trading from current $1.16 to over $1.40 in the next 12mths...12m shares were crossed today. (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.