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Sunset Strip | Aussie market had a strong positive day on the back of US positive lead

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market had a strong positive day on the back of US positive lead. Rate cuts in South Korea, Euro growth downgrades and Japan growth issues are further evidence of low growth outlook around the world. Australia has the benefit of relatively high level of interest rates and high currency that can work as a buffer if macro conditions get substantially worse. We do not expect a rate cut while we expect local economy to get worse before improving. RBA has always expected this to eventuate and will remain cautious. Asian influence in house prices are likely to create a London/UK bubble effect where the property prices near the city remain relatively high while outer suburbs will get hit with affordability issues. Local budget woes needs to get sorted, but lack of compromise and logic continues to drag the process longer than it is needed. (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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