Sunset Strip | Aussie market delivered a slight positive day in line with global markets despite falling Iron Ore prices
Sunset Strip | Aussie market delivered a slight positive day in line with global markets despite falling Iron Ore prices. We continue to be negative in the short term as the markets have run too far ahead of reality. ECB will be under pressure to deliver or the markets will pullback substantially. Market continues to trade sideways despite Euro stimulus and US optimism. The higher the markets go, the more expectations from EUQE are built into the price. I still remain cautious on what ECB can actually deliver...and will re-evaluate after the event. Trading idea of the day: Henderson Group (HGG). Wednesday's Star Performer: Vita Group (VTG). (VIEW LINK)
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
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...
Please sign in to comment on this wire.