US FED On Track To Lift Interest Rates in 2015... But When? | WOW Cuts 2,000 Jobs As Profit Margins Fall... | Focus on Greece... What's The Solution? |
Good Morning, So… The US Fed kept interest rates on hold at record lows, however, suggested that we will see interest rates rise in 2015….. Markets remained fairly stable, with the Dow Jones closing 31 points… The USD fell on the back of this news, however, we don’t feel that this is a “change in trend” and any positive favorable macro-data, will see a rally in the USD, further putting pressure on commodities. We do expect markets to remain volatile, until the Greek situation is resolved…. Hopefully this week? In local news, Woolworth’s “cheap cheap” campaign is driving shoppers away from the food chain…. Margins are falling, costs of Masters are blowing out and now the CEO is retiring… To further add “heat to the fire”, reports are growing that over 2,000 staff will lose their jobs today…. Not great for Australia’s unemployment rate… The SPI is pointing to a 6 point fall this morning
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...
No areas of expertise