Sunset Strip > Trading Day Wrap From Blue Ocean 20170411

Mathan Somasundaram

Local market opened high and then declined as the global investors took their foot off the peddle. The local market is getting pushed up by global investors taking money out of Japan and looking for somewhere to park it in Asia…due to the worry that rising Yen will hurt Japanese manufacturing industry. Global markets are in holding pattern with no real sentiment to drive higher while local markets are reach near 2015 all-time highs…Safety investment remains the main thematic for local investors as stretched markets and geopolitical issues weigh on investment thematics…spot gold held despite bounce in USD while bond yields continue to fall. Banks lead the market higher while Utilities, Telcos and Miners were the worst performers..

Click here for the full report...

(VIEW LINK)


Mathan Somasundaram

2017 - Now > Blue Ocean (AUS) > Market Portfolio Strategist 2012 - 2017> Baillieu Holst (AUS) > Head of Strategy, Quant and Data Analytics 2009 - 2012 > Bell Potter / Southern Cross (AUS) > Head of Quant and Data Analytics 2007 - 2009 > LIM...

Expertise

No areas of expertise

Comments

Please sign in to comment on this wire.