Sunset Strip > Trading Day Wrap From Blue Ocean 20170228

Mathan Somasundaram

Deep Data Analytics

Local market ran into more profit taking ahead of the State of Union address by the US president and the US GDP update on the last day of the month as well as the last substantial reporting season date. Miners and ET related selling in Gold equities drove the market down while Energy and Utilities were the shining lights for the day. 

  1. Local market ran into more profit taking ahead of the State of Union address by the US president and the US GDP update on the last day of the month as well as the last substantial reporting season date.
  2. Miners and ET related selling in Gold equities drove the market down while Energy and Utilities were the shining lights for the day.
  3. Energy sector was on the buzz today with news that there was a previous turned down bid on WOR before the accumulation of a strategic holding!!!
  4. As the reporting season starts to decline this week, local investors will start to look back at the mainly positive reporting cycle where market has run over 2% on total return basis for the month of Feb.
  5. Global markets are pricing in substantial defence spending and infrastructure build to drive growth in US and push up USD…anything that does not live up to expectations will get a decent reaction from low volatility.
  6. Reflation trade outlook
  7. Asian markets lagging US…
  8. Russia and Trump Trade…
  9. Chinese baby recovery

For full report...  (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.

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