Sunset Strip | Aussie market opened negative and stayed down with global market lead driven by Middle East worries
Sunset Strip | Aussie market opened negative and stayed down with global market lead driven by Middle East worries. Aussie market was down 0.57% with turnover was just below $5.9b. Market was looking for a reason to sell off and Middle East gave them a way out again. I am almost certain that there is no one left in the market to downgrade Iron Ore and upgrade AUDUSD to comparable levels to our assumptions since start of the year. AUDUSD has once again come below 94 cents as we have been expecting. Keep in mind that there are a large number of property, infrastructure and other stocks going ex-dividend tomorrow. BNO had another cracker day up 13% following yesterday's 22% after Merck deal and we see it going further (Disclaimer - I own BNO shares). Wednesday's Star Pick: Vita Group (VTG) - Rating: Buy - Price Target: $0.90. (VIEW LINK)
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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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