Sunset Strip > Trading Day Wrap From Blue Ocean 20170607

Mathan Somasundaram

Deep Data Analytics

Local market opened lower before bouncing on GDP data matching expectations. There was big scare being set up that we may be heading into negative quarter, but it was anemic growth instead. The only other main catalyst was the opportunistic bid for VOC by KKR. It is all about the global sideshows…US Comey show…UK elections…ECB update…all performing in the next few days. Currency worries are key in all markets as global investors run for safety…bonds and gold on the move higher. Global investors are more worried about currency devaluation risk that over stretched valuation…i.e. falling AUDUSD worry hitting local markets.

 

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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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