Sunset Strip | Aussie market took a breather with weak China and housing data despite positive global lead

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market took a breather with weak China and housing data despite positive global lead. BOJ delivered a surprise stimulus kicker for global markets and tried to keep Japan on the recovery path. Domestic economy is stuck in low growth while policy offering from all sides of politics is as bad as the Australian cricket team's batting card. RBA will be forced to show leadership by reducing systematic risk to banks and delivering stimulus through currency war (i.e. rate cut). LNG has bounced over 30% in the past 2-3 weeks on better results. HGG continues its recovery after solid result last week...path back to $5. The negative performers were dominated by Gold and Iron Ore stocks...neither of those sectors look positive as the commodities are still on the slide looking for a lower equilibrium. VET took another hammering ...big fund managers still holding substantial while Future Fund has also now joined the ranks...stock to recover above $1. Trading idea of the day: (CRZ). Monday's Macro Stock Pick: Henderson Group (HGG). Chart of the day: Perpetual (PPT). (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...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter