Sunset Strip | Aussie market had a slight negative day due to negative data from China, Euro and Japan
Sunset Strip | Aussie market had a slight negative day due to negative data from China, Euro and Japan. We suggested clients should buy back into the market on Monday 11th morning after the pullback with Russia retreating and markets beginning to show value. Recent unemployment data and wages growth data shows that confidence recovery will be short lived. The marginal consumer sentiment improvement through rising house prices by external forces is a declining force. Government needs to get the budget through compromises rather than grand standing and let the corporates move forwards. Japan slowdown after tax hike and Euro slowdown with Russian affairs will get market talking about more QE. We can never have enough QE!!! Trading idea of the day: Carsales.com (CRZ). Wednesday's Star Pick: Donaco International (DNA) - Rating: Buy - Price Target: $1.55 (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...