Sunset Strip | Aussie market remained in positive territory with global sentiment on a really low turnover day

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market remained in positive territory with global sentiment on a really low turnover day. Let's hope the fund managers coming back from their holidays have new plans to boost their quarterly performance or brokers are going to run out of youtube videos. Aussie market was up 0.45% with turnover was just below $3.1b. We don't see consumer confidence bouncing back while the current macro outlook continues. I am confused with all the political tussle on carbon tax - all we are doing is taking one tax out and putting another carbon tax on. Unless money grows on trees, the multi-billion dollar direct action plan is being paid out of tax revenue (i.e. another carbon tax). Pick of the day...Telecom NZ (TEL) is trading $2.58 and going above $3.00 with analyst consensus still negative. (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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