Sunset Strip | Aussie market gave up majority of the gains from yesterday with further commodity worries and Euro instability
Sunset Strip | Aussie market gave up majority of the gains from yesterday with further commodity worries and Euro instability. The market was directionless and traded up and down on low volume. AUDUSD remains above 81 cents while volatility index has stabilising in the low teens. Market took profit in all sectors in the end after recent positive run. Sadly none of the issues are new or not expected. It's going to get tough in 2015, but quality growth and yield equities still remains the best risk/return option. Market Movers: Big positive moves (1) IMD popped up 25% with director interest (2) CDU jumped up 18% on top copper grades (3) TGS was up 9% with copper stabilising. Big negative moves (1) CAJ pulled back 7% after jumping nearly 50% in the last few weeks (2) HZN was down 6% with falling Oil prices (3) RCR was down 5% with overall mining services sector risk. (VIEW LINK)
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...