Sunset Strip | Aussie market ex banks was positive with global sentiment while banks pulled the index flat

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market ex banks was positive with global sentiment while banks pulled the index flat. Banks were sold down pre sector reporting season. The global markets will hold their breath to see what US Fed will deliver tonight. Markets are expecting the end of QE and clarity on interest rate outlook. Given that ECB has not delivered their own QE, US Fed might surprise everyone and keep some QE in order to keep USD devalued. In the world of currency wars, there is no honour among Central Banks. We shall wait and see the Yellen Show tonight. Comments on SXL, JBH, DSH, IPP, VET and DMP. Trading idea of the day: CarSales.com (CRZ). Wednesday's Star Performer: Retail Food Group (RFG). Chart of the day: Flight Centre (FLT). (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...

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