Sunset Strip | Aussie market was mainly driven by yield stocks again and remained positive with global sentiment

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market was mainly driven by yield stocks again and remained positive with global sentiment. Aussie yield stocks continue move up while the miners remain in volatile region. More brokers are pushing back rate rise in Australia well into 2015, but we see no rate rises till 2016. Federal government has set the trap for states to ask for GST rise by lumping them with cuts to education and health in the budget. Now they have started talking federation (i.e. GST rise) while the main trick is where the money trail goes as the counter balance. We would have to see equitable income tax cuts in the low to middle income earners to maintain the sliding consumer sentiment. With mid-year budget update due mid-December, beware brokers pushing Christmas retail recovery....Santa will be delivering a lot of IOU's this year. Food and experience related retail will continue to do well....RFG going to $6 with Gloria Jean. Trading idea of the day: CarSales.com (CRZ). Monday's Macro Stock Pick: Flight Centre (FLT). (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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