Sunset Strip | Aussie market followed the global lead up before China worries brought it back to almost flat

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market followed the global lead up before China worries brought it back to almost flat. China market is down over 6% on property price worries and margin lending being reigned in. Market volume was just below average while markets were setting themselves for night with Euro markets running on ECB QE hope and US being shut for MLK Jnr national holiday. The commodities and our views (1) Gold - TAKE PROFIT (2) Iron Ore - HOLD (3) Oil - SELL (4) Copper - HOLD. The jobs data that came out last week struggled to make any sense. If we are creating some 40,000 jobs with our population size, then we are creating nearly twice as many jobs as US when adjusted for population. If that is the case, our economy should be flying, but alas we are not in such economy. The negative sentiments likely to last till ECB comes out with QE details at the end of the week....till then let's ride the bumpy ride. (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.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter