Sunset Strip > Trading Day Wrap From Blue Ocean 20170530

Mathan Somasundaram

Deep Data Analytics

Local market fell on the open before making a decent recovery on the back of recovering US market futures and better than expected building approval data. US and UK will be back online tonight while China will be back online on tomorrow. Tax loss selling in May/June and seasonal weakness are likely to add to the overall short term negative sentiment in the short term. Market Outlook likely to remain volatile in the short term with macro risks while medium to long term view remains positive. Big macro week…(1) WEDNESDAY > AUS Private Sector Credit, CANADA GDP, CHINA Manufacturing PMI (2) THURSDAY > AUS Private Capex, AUS Retail Sales, CHINA Caxin Manufacturing, EU Markit Manufacturing, US ISM/Markit Manufacturing, US ADP Employment (3) FRIDAY > AUS New Home Sales, US Non-Farm Payrolls, US Trade Balance. The best performers were Gold, Banks and Miners while Energy, Telcos and Property were the worst performers.

 

Click here for the full report...

 

(VIEW LINK)


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 30 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.

Comments

Sign In or Join Free to comment